The Europeans Are Unhappy About the US Subsidy Act

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FTX's Katie Martin speaks to executives at the World Economic Forum in Davos. She says Europeans are upset about US subsidies, which were part of IRA. European complaints: 'It feels like we're a bit of an afterthought'

The US is set to hit the debt ceiling today and Microsoft plans to cut 10,000 jobs to bring down costs. Plus, the FT’s Katie Martin reports from Davos on the tense relations between the US and Europe over America’s new expensive green subsidies law.

Mentioned in this podcast:

EU makes green pitch to rival US subsidy splurge

Microsoft to cut 10,000 jobs in push to bring down costs

The US hits the debt ceiling today. What happens next?

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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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