Nouve to Morrow's Payment Platform

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Radio stations in nigeria are warning they may have to go off the air because they can't afford the cost of desel fuel for their generators. High energy prices are battering drivers in africa. And air lines too. The turmoil in global energy markets has hit the continent especially hard. Despite producing eight % of the world's crude, africa lacks refining capacity so it has to import almost all of its fuel.

ECB governing council members are expected to support a proposal to create a new bond-buying programme if needed to counter borrowing costs for member states spiralling out of control, and in the US more investors are rebelling against high executive pay at leading companies and some are targeting individual board directors, while rightwing populists and industry sceptics mount a backlash against what they call “woke capitalism.”

Mentioned in this podcast:

ECB to firm up plans to ward off bond market stress

US investors rebel against high executive pay

The war on ‘woke capitalism’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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