Ireland's Government Plans to Set Up a Sovereign Wealth Fund to Invest It

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Ireland plans to set up a sovereign wealth fund to invest it. The biggest need at the moment is housing, says FT's Jude Weber. Ireland has been more spendthrift in past decades and suffered financial crises. So this is an attempt to really factor in the long term.

Donald Trump has been found liable for the sexual abuse of a journalist in a Manhattan department store in the 1990s, Ireland plans to set up a sovereign wealth fund with its bumper budget surpluses, and China’s foreign minister has condemned EU proposals to impose sanctions on Chinese companies for supporting Russia’s war machine. Plus, the FT’s Hannah Murphy talks about one of the latest challengers to Twitter, Jack Dorsey’s Bluesky.

Mentioned in this podcast:

Donald Trump found liable in civil lawsuit over writer’s sexual abuse

Ireland to propose creation of sovereign wealth fund

China vows to retaliate against EU sanctions on its companies

Jack Dorsey’s Bluesky emerges as latest challenger to Elon Musk’s Twitter

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, 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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