FT News Briefing

Why the euro is on a losing streak

Sep 12, 2023

08:43

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Podcast discusses Norway's Sovereign Wealth Fund becoming top shareholder in UBS, Google's antitrust trial, and the Euro's 8-week losing streak. Provides insights on reasons behind Euro's decline and implications for ECB's interest rate decision.

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Quick takeaways

Norway's $1.4tn sovereign wealth fund increases stake in UBS, signaling support for UBS's credit-suisse takeover and integration efforts.

The US Department of Justice's antitrust case against Google reflects increased scrutiny and commitment to regulate Big Tech companies in the US.

Deep dives

Norway's Sovereign Wealth Fund becomes largest shareholder in UBS

Norway's Sovereign Wealth Fund, the largest in the world, has increased its stake in UBS to over 5%. This move is significant as it demonstrates UBS's efforts to attract international investors and gain support for its credit-suisse takeover. The fund managers are closely monitoring UBS's ability to integrate the banks and resume shareholder payouts.

Norway's Sovereign Wealth Fund, Google Antitrust Trial, and Euro Losing Streak

6min

Factors Affecting the Decline of the Euro in Foreign Exchange Markets

4min

Norway’s $1.4tn sovereign wealth fund has become the biggest shareholder in UBS, a landmark antitrust trial between Google and the US government starts today, and the FT’s Mary McDougall explains why the euro is having such a tough time.

Mentioned in this podcast:

Norway’s $1.4tn oil fund becomes top UBS shareholder

Google prepares for biggest US antitrust showdown since Microsoft

Euro suffers eight-week losing streak as economy falters

Will the ECB deliver one more rate rise?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, 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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