FT News Briefing

Xi Jinping said the US and China should avoid being drawn into a “conflict” in remarks at the White House, and Brussels has warned Britain needs to raise tariffs on Chinese cars if it wants to avoid barriers that would hit crucial exports. Plus, dozens of foreign officials walked out of the UN General Assembly as Israeli Prime Minister Benjamin Netanyahu began his address, and the FT’s Kate Duguid explains what the bond market sell-off means for US mortgage rates and the health of the economy.

Mentioned in this podcast:
Xi Jinping says US and China must ‘coexist in peace’ in historic White House visit
US mortgage rates breach 7% as affordability pressures mount
EU urges UK to raise tariffs on Chinese cars to avoid ‘made in Europe’ barriers
Subway rival bets hot sandwiches will sell in UK’s ‘cold and rain’

Credit: United Nations, White House

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Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.

US Treasury yields soared on Wednesday, Iran’s President Masoud Pezeshkian said Tehran was prepared to negotiate with the US, and the FT’s Sam Fleming explains why the UK budget is in a tight spot. Plus, billions of dollars of Rosneft’s foreign earnings were funnelled through a Kremlin-backed money-laundering network, and Syria’s search for justice for Assad-era crimes could spark more unrest.

Mentioned in this podcast:
US Treasury yields soar most since ‘liberation day’ tariffs shook markets
Treasury open to smaller fiscal headroom to reduce tax hikes
The FT’s Budget dashboard: the data confronting Chancellor John Healey
Rosneft billions fed Kremlin-backed money laundering network
Syria: a dangerous search for justice
Crime and punishment in the Middle East
Credit: PBS

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.

Donald Trump and Xi Jinping will discuss a potential extension of their trade war truce this week, UK Prime Minister Andy Burnham met Trump for the first time, and the cost of hiring an oil supertanker has passed $1.2mn a day for the first time on routes between the Middle East and Asia. Plus, billionaire financier Todd Boehly has secured the backing of the US government and Gulf power brokers with ties to the Trump family to bid for the international assets of Lukoil.

Mentioned in this podcast:
What happened to the US’s China hawks?
What Xi Jinping wants from his summit with Donald Trump
Donald Trump rejects ‘globalist scheme’ in blow to Andy Burnham’s plan for AI guidelines
Oil tanker costs hit record $1.2mn a day as Iran war disrupts shipping
US government and Gulf billionaires back Todd Boehly bid for Lukoil assets

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.

Standard Chartered, Citigroup and other international banks have handled billions of dollars from a Kremlin-backed fintech company that tricked its way into the global financial system, and Polymarket is lobbying to win over European financial watchdogs. Plus, Germany’s election might impact the EU’s budget.

Mentioned in this podcast:
Kremlin-backed forgery scheme moved $6.9bn through global banks
Polymarket starts European lobbying blitz to win over financial watchdogs
Merz’s woes cast doubt over EU’s €2tn budget
Philippines’ ube export ban threatens end of purple patch

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.

German chancellor Friedrich Merz faces a crisis of confidence as exit polls show his party missed the threshold for representation in Mecklenburg-Vorpommern. The right-wing Alternative for Germany won there instead. Plus, Volkswagen is getting the boot from the Eurostoxx50 index. And Georgia’s Senator Jon Ossoff attempts to revitalise moderate politics in the upcoming US midterms.

Mentioned in this podcast:

German chancellor Merz vows to stay on despite ‘disaster’ in regional elections
Jon Ossoff’s Georgia race stirs talk of 2028 US presidential audition
Volkswagen ejected from European blue-chip index in blow to crisis-hit carmaker

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.