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Western allies are cracking down on countries and people who are helping Russia avoid sanctions. London Stock Exchange has big dreams, but reality keeps getting in the way. And we'll talk about the wage price spiral which is making central bankers kind of dizzy.

The US will launch a renewed crackdown on countries that are helping the Kremlin evade western sanctions, the world’s largest building materials group plans to move its listing from London to New York, and the FT’s Delphine Strauss explains why higher wages could undermine central banks’ battle against inflation.

Mentioned in this podcast:

US to launch new crackdown on Russian sanctions busting

Buildings giant CRH plans to move listing from London to New York

Global economy: will higher wages prolong inflation?

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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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