The United Arab Emirates is trying to build a port that will bypass the Strait of Hormuz, and American small-cap companies are soaring after years of underperformance. Plus, the FT’s Michael Pooler explains how Brazil’s instant payment system ended up at the centre of a new US tariff threat.

Mentioned in this podcast:

US to resume Strait of Hormuz blockade and charge fees on ships, Trump says

Dubai plans new port to bypass Strait of Hormuz

Brazil rallies to defend much-loved payment system from Donald Trump’s attack

US small caps soar as investors look beyond big tech

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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

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Wall Street banks are set to report their biggest haul from investment banking fees in four and a half years, while Citigroup boss Jane Fraser has ruthlessly rebuilt the bank to get it back to its pre-financial crisis glory. The US launched another round of strikes against Iran, and trustees at the World Economic Forum are clashing over leadership reforms.

Mentioned in this podcast:

Wall Street feasts on fees from SpaceX IPO and mega-mergers

Jane Fraser’s ruthless remake of Citigroup

Iran bets Trump will blink first

US and Iran exchange fresh strikes in battle over Strait of Hormuz

World Economic Forum trustees clash over leadership reforms

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

Introducing Rewiring Sport from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed.

For decades, sportspeople have been getting fitter, faster and reaching ever-higher levels of performance. But as the margin between winning and losing shrinks, athletes are turning to technology to make the difference.

In this new season of Tech Tonic, Josh Noble explores how advanced ‘supershoes’ are helping to break marathon records, how young players are using AI to catch the eye of recruiters in the ultra-competitive world of American football, and how UFC is finding new ways to keep fighters healthier for longer.

This season of Tech Tonic is hosted by Josh Noble and produced by Josh Gabert-Doyon. The senior producer is Edwin Lane and the executive producer is Topher Forhecz. Sound design by Breen Turner and Sam Giovinco. Original music by Metaphor Music. The FT’s head of audio is Flo Phillips. 

Clips: BBC, British Pathé, MMA World, Fight Network, @SportsRecruits

Read a transcript of this episode on FT.com

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OpenAI and Google are selling their advanced AI models to Chinese tech giants blacklisted by the Pentagon, and South Korea's SK Hynix is listing in the US on Friday in what could be the biggest share sale in America by a foreign company. Plus, the World Cup has led to match-ups with a lot of history: former colonised nations versus their colonisers. 

Mentioned in this podcast:

OpenAI and Google sell AI models to blacklisted China groups

SK Hynix’s jumbo share sale a sign of overheated times

France’s diverse football factory and the struggle for national unity

Listen to episodes of Tech Tonic on Apple Podcasts, Pocket Casts or Spotify.

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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

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The US struck Iran for the second night in a row, and the IMF warned that renewed conflict in the Middle East would drive up global inflation. Plus, US oil producers and refiners are set to post record profits from the Iran war. 

Mentioned in this podcast:

Nato summit live news: Trump says ceasefire with Iran is over

IMF warns inflation threat looms large over global economy

US oil on collision course with Trump over Iran windfalls

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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 President Donald Trump threatened to remove all American troops from Europe and is reviving his calls to take over Greenland, French far-right leader Marine Le Pen said she will run for president, and Reform UK leader Nigel Farage resigned as an MP to force a by-election in which he’ll stand again. Plus, Meta is testing “super sensing” AI glasses that can record everything that you see and hear.

Mentioned in this podcast:

Trump threatens to remove all US troops from Europe

Marine Le Pen speaks after court ruling 

Nigel Farage quits as MP to force Clacton by-election

Meta tests ‘super sensing’ AI glasses that can record every moment 

Listen to Political Fix on Apple Podcasts, Pocket Casts or Spotify.

CREDIT: BBC 

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

Greek shipping companies have made at least $3.8bn transporting Russian oil over the past three years, Turkey wants its booming defence sector to arm Europe, and large institutional investors are committing billions of dollars to private credit funds. Plus, the Big 4 consulting firms are struggling with their credibility in Australia after a series of scandals.

Mentioned in this podcast:

Greek shipping companies made almost $4bn shipping Russian oil in past three years

Erdoğan rival shuttled between trials as Nato meets in Turkey

Turkey’s defence industry is booming. Europe is in its sights

Big investors commit billions to private credit despite turmoil

‘The brakes failed and they’ve crashed the car’: how the Big Four’s wheels fell off Down Under

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

The tech industry is having a renaissance in London. It's home to the main foreign outposts for giants such as Google and Meta, as well as their well-funded AI challengers including OpenAI and Anthropic. But all those companies are American. Now there's a push to launch a homegrown competitor so the UK can have more sovereignty over its tech.

Mentioned in this podcast:

How the DeepMind mafia brought the AI boom to London

Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229. 

https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS

Over 18s only. Find full T&Cs here

Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy.

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

The US economy fell short of Wall Street expectations by adding only 57,000 jobs in June, South Koreans are pouring AI stock windfalls into an overheated property market and investors in Blue Owl Capital tried to pull $4.7bn from the firm’s private credit funds in the second quarter. Plus, the FT’s sports editor Josh Noble and Berlin correspondent Laura Pitel explain how Germany’s shock exit from the World Cup pairs with wider discontent over the country’s economic woes.

Mentioned in this podcast:

US economy undershoots forecasts with 57,000 jobs added in June

South Koreans pour AI stock windfalls into overheated property market

Blue Owl hit by $4.7bn of redemption requests as investor exodus persists

Germany’s shock World Cup exit sparks reckoning

Friedrich Merz unveils €10bn tax cuts to revive German growth

Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229. 

https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS

Over 18s only. Find full T&Cs here

Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy.

Want to get in touch? Email us at [email protected]

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

CREDIT: FOX Sports, FOX One

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

OpenAI has discussed giving a 5 per cent stake to the US government, UBS will start trialling everyday banking services for its American employees within months, and dealmaking hit record levels in the first half of the year. Plus, many Russians are angry that the Ukraine war is now playing out on their territory.

Mentioned in this podcast:

OpenAI proposes handing Trump administration 5% stake

UBS to trial US banking services in push for wealthy American clients

Mega takeovers drive record $2.8tn in dealmaking

Putin admits Ukrainian drones are causing ‘problems’

Putin ties himself to ruling party as war fatigue bites

Listen to the Rachman Review on Apple Podcasts, Pocket Casts or Spotify.

Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229. 

https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS

Over 18s only. Find full T&Cs here

Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy.

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

Nato secretary-general Mark Rutte told the FT that Europe’s rearmament drive was sustaining 195,000 US defence jobs through $300bn in arms orders, and Bending Spoons’ initial public offering will test how a page out of the private equity playbooks works in public markets. Plus, KNDS is having a hard time getting investors to back its IPO, and the FT’s Anantha Lakshmi explains why Indonesians are growing impatient with President Prabowo Subianto. 

Mentioned in this podcast:

Europe’s rearmament drive is sustaining 195,000 US defence jobs, Nato chief says

Bending Spoons tries out an odd kind of financial magic trick

Indonesians sour on Prabowo Subianto as currency weakens

KNDS struggles to convince investors to back IPO at €12bn-plus valuation

Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229. 

https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS

Over 18s only. Find full T&Cs here

Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email [email protected] upon entry. For more information on your rights and how we use your data, please read our Privacy Policy.

Want to get in touch? Email us at [email protected]

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

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.