The podcast discusses the UK and EU's new collaboration on migration, Japan's Nikkei Index hitting a record high after 34 years, and the failed rebuilding of Mariupol by Russia. Topics include illegal immigration, criminal gangs, economic milestones, and challenges faced by the city under Russian occupation.
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Quick takeaways
UK and EU collaborate on migration to combat illegal immigration and criminal gangs.
Japan's Nikkei Index hits record high, reflecting economic recovery and investor confidence in Japanese companies.
Deep dives
UK and EU Agreement on Migration Collaboration
The UK and the European Union have reached a formal agreement to collaborate on migration. This deal involves the EU's border agency Frontex and the British government working together to share intelligence, train officials jointly, and develop new technologies for border protection. This partnership signifies improved relations post-Brexit, with the UK emphasizing a need for a close relationship with Frontex to reduce migrant influx while maintaining independence in migration policies.
Japan's Stock Market Surge and Recovery
Japan's Nikkei Index reached a record high not seen in over 30 years, marking a significant milestone in the country's economic recovery since the market bubble burst in the 1980s. The surge reflects investor confidence in high-quality Japanese companies that have focused on globalization, lean operations, and profitability. This shift in perception indicates a positive outlook for Japan's economy, with lessons for other countries facing similar economic challenges.
Challenges in Rebuilding Mariupol Post Russian Invasion
After the Russian invasion of Mariupol, attempts to rebuild the city have faced challenges and inconsistencies. Russian authorities have presented a facade of progress in reconstruction efforts, but underlying issues reveal inadequate rebuilding strategies. Residents under Russian occupation encounter obstacles such as poor construction quality, unaffordable legal processes, housing discrepancies, and potential corruption. The rebuild of Mariupol showcases broader implications of occupation normalization, economic influences, and underlying socio-political dynamics.
The UK and EU will on Friday sign a deal to co-operate more closely in tackling illegal immigration and criminal gangs, and Japan’s Nikkei 225 index hit a record high after 34 years. Plus, the FT’s Alison Killing talks about Russia’s failed rebuilding of the Ukrainian city of Mariupol.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.