Cost-cutting efforts, ECB interest rates, and the global race to the moon

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Discussion on a company's cost-cutting programs under a new chief executive, challenges faced by HSBC in reducing costs, European Central Bank's unchanged interest rates, and global space exploration efforts by China, Japan, and India.

Donald Trump formally accepted the Republican party nomination for president. HSBC’s new chief executive, Georges Elhedery, will face a unique set of challenges while transitioning into the role, and the European Central Bank decided to keep interest rates unchanged yesterday. Plus, the FT’s Clive Cookson talks about the revival of the space race. Credit: NASA, BBC, NDTV, Global News

Mentioned in this podcast:

Donald Trump recounts near death by gunman in speech to Republican convention

Can HSBC’s new chief finish what Noel Quinn started?

ECB keeps interest rate at 3.75%

What do we gain from going back to the Moon?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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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