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Life in Europe's coronavirus hotspots: Foreign affairs columnist Gideon Rachman discusses how the coronavirus epidemic has been handled in Italy and Spain with the local FT correspondents, Miles Johnson in Rome and Daniel Dombey in Madrid. How are citizens reacting to the lockdown and what will be the long-term political and economic impact? * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. FRIDAY, MARCH 20 Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. TUESDAY, MARCH 17 Governments in all large western economies took drastic measures to limit public movement on Monday in an urgent effort to arrest the spreading coronavirus pandemic while US stocks plunged despite a set of emergency measures laid out by the Federal Reserve on Sunday. Plus, an analysis by the Financial Times finds that the UK and the US have key weaknesses in their healthcare systems which could trigger a collapse if put to the test by the outbreak. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Introducing the FT News Briefing. It is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. MONDAY, MARCH 16 The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the wake of the outbreak. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Growing a beard, praying in public and calling someone overseas. These are some of the 'offences' for which Uighur Muslims have been sent to internment camps in the Xinjiang region of China, according to a leaked document known as the Karakax list. Adrienne Klasa talks to the FT reporters who discovered the document, Christian Shepherd and Laura Pitel. Read the FT story here https://www.ft.com/content/e0224416-4e77-11ea-95a0-43d18ec715f5 * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
As the coronavirus continues to spread, what is the risk that this will push the global economy into recession and what can central bankers and policymakers do to help avoid this? Katie Martin discusses the economic shock caused by the virus with the FT's economics editor Chris Giles. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Antarctica is barely accessible to humans but the ice-covered landmass - and the oceans around it - shelter rich wildlife, including many penguins. It also holds the keys for understanding the future of our planet, which is why scientific research into the isolated continent is stepping up. But as human activity encroaches, do we need to do more to protect Antarctica? Clive Cookson, FT science editor, talks to Leslie Hook, environment correspondent, about her recent trip to the region. Read Leslie's article here https://www.ft.com/content/1d5e039a-582f-11ea-a528-dd0f971febbc * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Narendra Modi’s Hindu nationalist policies have sparked protests and intercommunity violence across India. Against this backdrop, a proposed data protection bill that will allow his government free rein to spy on its citizens is causing particular concern. Madhumita Murgia discusses the bill with Benjamin Parkin in Mumbai. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The sentencing of Trump ally and political strategist Roger Stone was mired in controversy after the US president criticised a juror and the original prosecutors in the case. The same week, Donald Trump granted clemency to seven white collar criminals. Does the president have too much power over the judicial system? Brooke Masters discusses with Edward Luce and Kadhim Shubber. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Victory for Iran's hardliners in this month’s parliamentary elections has come at the cost of a despondent population suffering under the weight of renewed US sanctions. With the future of the nuclear deal in doubt and isolationist leaders in the ascendant, Andrew England, Middle East editor, and Najmeh Bozorgmehr, Tehran correspondent, discuss what happens next. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Arab Gulf leaders have been splashing out on sport. Officials in the Gulf states say the investment is part of their effort to diversify oil-dependent economies, but critics accuse them of using sport to deflect attention from poor human rights records. Arash Massoudi discusses the impact of the oil money flowing into football and other sports with Murad Ahmed, sports correspondent, and Andrew England, Middle East editor. Sign up to join Arash and Murad at next month’s FT Business of Football Summit here https://live.ft.com/Events/2020/FT-Business-of-Football-Summit * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Investors have begun to shun companies that make their money from fossil fuels because of concerns about global warming. So what does this mean for the oil and gas companies whose future profits depend on continuing to exploit the hydrocarbon assets they have acquired around the world? Pilita Clark discusses the implications with Lex columnist Alan Livsey and energy editor David Sheppard. Read Alan's analysis here https://www.ft.com/content/95efca74-4299-11ea-a43a-c4b328d9061c * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
K-Pop has never been more popular. However, a recent string of high profile controversies including a rape conviction and two suicides have sullied the image of the Korean cultural export. Edward White talks to Patricia Nilsson about what makes a K-Pop star, why the singers are under so much pressure, and what the industry means to the country’s economy. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Shares in Elon Musk’s pioneering electric car company Tesla have skyrocketed. Tom Braithwaite discusses whether the company will be able to maintain its current momentum and hold off competition from traditional carmakers with Jamie Powell and Richard Waters. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The full impact of the deadly Sars-like virus that has spread across China will take time to assess. But it’s clear there will be significant damage to the region’s economies and perhaps also to the reputation of China’s leaders for failing to tackle the coronavirus early enough to prevent its spread. Andreas Paleit discusses the political and economic impact of the outbreak with Tom Hancock, recently back from Wuhan, James Kynge in Hong Kong and Sue-Lin Wong in Shenzhen. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Global warming is set to cause a significant rise in sea levels as the world's polar ice melts. The Netherlands is the best-protected delta in the world, with centuries of experience in holding back the floods. As climate change takes its toll, can Dutch expertise help save the world’s cities that are most at risk? Simon Kuper looked into this question for the FT's weekend magazine and he tells Esther Bintliff what he discovered. Read Simon's magazine article here https://www.ft.com/life-arts * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The US Federal Reserve has begun to consult the public, particularly in poorer parts of the country about monetary policy. As a result, policy wonks at the central bank have begun to reconsider the impact of their decisions on communities far from the centres of power. Brendan Greeley discusses the so-called Fed Listens sessions with Patrick Jenkins. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Russia’s president Vladimir Putin has been in power for two decades and now it looks as though he intends to stay indefinitely. He has launched an overhaul of the country’s power structures that could allow him to extend his control after his official term ends in 2024. Katie Martin discusses the move with Max Seddon in Moscow and Ben Hall, Europe editor. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Questions about the future of fossil fuels are putting new pressure on companies and financial institutions. How are they responding and should they be doing more? Pilita Clark talks to Huw van Steenis, chair of the sustainable finance committee at UBS and a former adviser to Bank of England governor, Mark Carney, and Billy Nauman, reporter for the FT’s Moral Money. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Shortly before his departure as FT editor, Lionel Barber was granted a rare interview with Angela Merkel, whose period in office is nearing its end. In conversation with Marc Filippino, Mr Barber offers his thoughts on the German chancellor as she battles to keep the flag of multilateralism flying in an increasingly unilateralist world. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Caroline Criado-Perez won the latest Financial Times and McKinsey Business Book of the Year Award https://www.ft.com/content/6cc894a0-15e9-11ea-8d73-6303645ac406 with her bookShe spoke to Andrew Hill, the FT’s management editor, about the consequences for women and for society as a whole of using men as the default model. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
After years of economic pain, Greece is in an upbeat mood. But can the country’s fresh political leadership overcome deep-seated problems holding back growth? Katie Martin discusses this question with Kerin Hope in Athens and Ben Hall, Europe editor. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Two decades ago, international telecoms companies came close to dominating a global market. Nowadays however, the vision of a global telecoms company seems to be dwindling. Patricia Nilsson and Nic Fildes discuss why. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Iranian military leader and commander of the Quds Forces, Qassem Soleimani, was killed on the 3rd of January in a targeted US air strike at Baghdad airport, Iraq. What did Soleimani mean to Iranians and why did the US order the airstrike that killed him? Najmeh Bozorgmehr discusses the story with Andrew England. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
The former boss of Nissan and Renault has performed a stunning vanishing act. Earlier this week, he fled from his house in Tokyo and took a private jet to Lebanon, evading bail conditions, police, prosecutors and private detectives, and avoiding a trial on charges of financial misconduct. How did a man under constant surveillance and with one of the most recognisable faces in the country escape the Japanese authorities? Leo Lewis and Tom Braithwaite discuss the story. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
2019 was the year when Saudi Arabia launched a long awaited share offering in state oil company Aramco, when Softbank lost its gloss, when accounting giants tightened their belts and when capitalism went 'woke'. Janine Gibson discusses the corporate year and what it spells for next year with Tom Braithwaite and Brooke Masters. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Two recent books about the Trump administration have shed a damning light on the character of the man who occupies the White House. The FT’s Edward Luce and Frederick Studemann discuss Crime in Progress by Glenn Simpson and Peter Fritsch and A Warning by Anonymous. You can read Edward Luce’s review of the books here. https://www.ft.com/content/757ca9fa-15f4-11ea-8d73-6303645ac406 * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.
Last week Boris Johnson lead the conservative party to its biggest victory in over 30 years on a promise to “get Brexit done”. What should the UK expect from its new government and how has business reacted to the election? George Parker and Adam Samson talk to Siona Jenkins about what the next five years could bring. * See acast.com/privacy https://acast.com/privacy for privacy and opt-out information.