AT&T is nearing a deal to combine its content unit WarnerMedia with rival Discovery to create a media giant to compete in streaming, the insurance group Axa said one of its Asian business units was the victim of a “targeted ransomware attack”, and the EU plans to throw its weight behind a push to expand vaccine manufacturing in Africa. Plus, the FT’s European technology correspondent, Madhumita Murgia, explains why companies see potential in emotional recognition technology. AT&T nears deal to create $150bn streaming giant with Discoveryhttps://www.ft.com/content/5aeba5f9-2e00-4cba-b9c7-e0431aad798bAxa’s Asian operations hit in ransomware attackhttps://www.ft.com/content/4443da60-6d90-4d27-b300-b0896425f99f?EU to back expansion of vaccine production capacity in Africahttps://www.ft.com/content/d2a47c7e-0b00-4e31-92ab-cd3ff0b9070bEmotion recognition: can AI detect human feelings from a face?https://www.ft.com/content/c0b03d1d-f72f-48a8-b342-b4a926109452? Hosted on Acast. See acast.com/privacy for more information.

Airbnb’s first-quarter revenues showed a strong recovery in travel in the US as pandemic restrictions eased, and Netflix tries to adjust as it moves from streaming industry disruptor to defensive incumbent. Plus, Elon Musk rocked the cryptocurrency market when he announced Tesla will no longer accept bitcoin as payment. The FT’s markets editor, Katie Martin, explains why the electric carmarker’s CEO made the reversal. Airbnb says customers paying higher prices as travel demand riseshttps://www.ft.com/content/f7512415-46b2-4378-8356-2d1e2a8a760e?Netflix outpaced by the old media companies it sought to dethronehttps://www.ft.com/content/48c06611-1c17-4941-96cc-b085dfe05cdfElon Musk wakes up to bitcoin’s fossil fuel issues https://www.ft.com/content/b917ec4f-8b57-45dc-82ba-960d82ad7974 Hosted on Acast. See acast.com/privacy for more information.

US stocks suffered their worst losses in months and government bonds also fell after government data showed the US inflation rate jumped to a 13-year high, and the Colonial pipeline has resumed operations following last week’s ransomware attack. Plus, the FT’s Taylor Nicole Rogers discusses a labour shortage in the US that is making it hard for employers to find enough workers as the economy opens up. Wall Street ends lower as inflation debate intensifieshttps://www.ft.com/content/fd3abbb8-955a-46b3-bc45-9a4fb7b95265Colonial pipeline resumes operations following ransomware attackhttps://www.ft.com/content/b6ac99ea-d7c6-49dd-b7d7-1284ce2e85c0?US employers struggle to find willing workers after pandemic yearft.com/content/52ecab21-c90d-4ee7-be7f-612da5355c77 Hosted on Acast. See acast.com/privacy for more information.

Companies are dusting off share buyback plans after a blockbuster earnings season, and shareholders are rebelling against executive pay proposals. Plus, the FT’s New Delhi reporter, Jyotsna Singh, explains how India’s second surge is devastating the country’s middle class. Companies prepare share buyback bonanza as outlook clearshttps://www.ft.com/content/d7adb226-e9a6-4cd8-9049-35d55c211ca4US investors revolt against executive pay in record numbershttps://www.ft.com/content/50e73d21-3de5-4196-b124-7281ec7af828Covid batters India’s aspiring middle classeshttps://www.ft.com/content/28e9c827-1131-4412-bafa-5e88eb211fc4? Hosted on Acast. See acast.com/privacy for more information.

The hacker group blamed for the ransomware attack on the Colonial pipeline insisted it only wanted to make money and did not want to cause problems for society, tech stocks tumbled on Monday as investors braced for further signs of inflation, and Vice Media is joining the streaming gold rush. Plus, the FT’s management editor, Andrew Hill, explains why businesses in the UK’s services sector trying to operate in Europe are encountering post-Brexit challenges. This episode features the song “Black Fur” by Elder Island. The song is licensed to Metropolis Recordings.  We regret ‘creating problems’, say hackers behind the cyber attack on a key fuel pipeline https://www.ft.com/content/0afb53f0-f382-442a-9a32-02824ce8bb70US tech stocks drop ahead of inflation datahttps://www.ft.com/content/9707595b-d708-4be3-917d-9ae1de04c707?Vice Media joins streaming gold rush in new bid for profitabilityhttps://www.ft.com/content/942bf107-3824-4611-b0f7-b4816d4ee2a5UK’s services sector starts to count the real cost of Brexithttps://www.ft.com/content/d0c10195-0e2e-4913-af74-3b7057163e3f? Hosted on Acast. See acast.com/privacy for more information.

The US government enacted emergency powers on Sunday in a bid to keep fuel supplies flowing after a cyberattack shut down a key pipeline, and European and US banks are split on whether to bring staff back to the office. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, looks at how much US corporations have lived up to diversity promises they made after the police murder of George Floyd. US and Europe split on bringing bankers back to the officehttps://www.ft.com/547a4dc2-e11b-4e8f-b526-cbf135ba7b4d?Are CEOs living up to the pledges they made after George Floyd’s murder?https://www.ft.com/content/67e79b20-bc41-4cb0-992f-a28e3eaa5695 Hosted on Acast. See acast.com/privacy for more information.

Angela Merkel has expressed opposition to the Biden administration’s proposal to suspend intellectual property rights for Covid-19 vaccines, and Norway’s Telenor has written off its entire $782m investment in Myanmar but will remain in the country. Plus, the FT’s markets editor, Katie Martin, explains what is behind the commodities super cycle and what it could mean for inflation. Angela Merkel rejects US move to waive patents on vaccines https://www.ft.com/content/76a05a85-b83c-4e36-b04d-7f44f63e57b0Telenor writes off $782m Myanmar business following couphttps://www.ft.com/content/ba1f8db9-e2d1-4e45-80be-1f6f6fe1344bBroad commodities price boom amplifies ‘supercycle’ talk https://www.ft.com/content/1332da37-bf45-409f-9500-2fdac344d1ddWhy we should all give up meathttps://www.ft.com/content/1293516c-c17a-4a29-b969-55b6e6849b16 Hosted on Acast. See acast.com/privacy for more information.

Stocks of major vaccine makers were rattled on Wednesday after the US decided to support a plan to temporarily suspend the intellectual property rights for Covid-19 jabs, and India’s coronavirus crisis is hitting the international shipping industry. Plus, the FT’s leisure industries correspondent, Alice Hancock, talks about the European tourism industry’s hopes of emerging from the pandemic with a different kind of tourism. US backs plan to suspend Covid vaccine patents during pandemichttps://www.ft.com/content/eca86f43-7127-4213-948d-3cc8d652805eIndia’s Covid surge rocks global shipping industryhttps://www.ft.com/content/cf40d764-6ab6-4638-bea6-594cc3cd5d53?Archegos prepares for insolvency as banks seek compensation for $10bn losseshttps://www.ft.com/content/8062ef53-790f-4470-99d5-265335a72334Pandemic offers Europe’s tourism industry the chance of an upgradehttps://www.ft.com/content/5f3328f4-b12e-4e5b-8dd2-bacfb73d40a6? Hosted on Acast. See acast.com/privacy for more information.

Treasury secretary Janet Yellen said on Tuesday that US interest rates may need to rise so that the economy does not overheat, and US states and companies are offering all kinds of incentives to entice people to get vaccinated against coronavirus. Plus, there are very few women in top roles in European central banking and economics. Two of them spoke to the FT about their experiences and “hidden barriers” to gender equality in their field.Yellen says rates may have to rise to prevent ‘overheating’https://www.ft.com/content/049f4a79-abff-4a6c-a7c1-13409e8f63aeWomen central bankers want action on ‘hidden barriers’ to equalityhttps://www.ft.com/content/0d1d2d4d-8bb8-42ce-b263-9863a1f377edBeers and cash among incentives used to entice the ‘vaccine hesitant”https://www.ft.com/content/138f58a1-b472-452a-9daa-db0f5c885079 Hosted on Acast. See acast.com/privacy for more information.

A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn. Plus, the FT’s mergers & acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated. Apollo buys Verizon media assets including Yahoo for $5bnhttps://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1Cash-rich US banks move to reduce corporate depositshttps://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687A reckoning for Spacs: will regulators deflate the boom?https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7? Hosted on Acast. See acast.com/privacy for more information.