The Energy Crunch Hits All Sectors of the Economy

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Prices have gone up for electricity and gas because of the war in Ukraine. Producers are just finding it very, very hard to fund their growing plans. One UK producer was telling us that the price of cucumber same might double over the winter.

Chinese companies have raised six times as much money through share sales in Europe than the US this year, and European farmers expect a sky-high food prices and droughts this winter. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, explains why the European Central Bank is finally getting hawkish.

Mentioned in this podcast:

Europe tops US on Chinese listings for first time

ECB makes hawkish shift as inflation surge shreds faith in models

Farmers and producers warn of winter food shortages in Europe

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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. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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