FT News Briefing

China is outpacing the U.S. in IPO fundraising, showcasing a remarkable economic resilience. Meanwhile, Jeff Bezos's superyacht debate raises questions about billionaire influence on city infrastructure, especially with the iconic Koningshaven Bridge in Rotterdam at stake. In New Zealand, rising interest rates are cooling an overheated housing market, prompting discussions on affordability and economic pressures. These topics highlight the intersection of wealth, urban integrity, and housing dynamics in today's world.

This discussion dives into a significant shift as passively managed index funds now own more of the US stock market than actively managed funds. It also highlights Brazil's efforts to combat misinformation ahead of its elections. In an engaging interview, the CEO of Epic Games shares his vision for the metaverse, emphasizing innovation through Fortnite and the Unreal Engine. He passionately makes the case for an open metaverse while challenging the monopolistic behavior of tech giants like Apple and Google.

Join art market columnist Melanie Gerlis and Christie's auction head Alex Rotter as they dive deep into the record-breaking sale of Andy Warhol's 'Shot Sage Blue Marilyn' for a staggering $195 million. They discuss the electrifying auction atmosphere and Christie's strategic marketing. The duo unpacks the shifting dynamics of the art market, including the impact of outside investors and the rising speculation around young artists. They also explore how provenance and cultural significance drive art valuations, shedding light on the future of high-value sales.

Markets are on edge as major central banks, including those in the UK and Switzerland, raise interest rates to combat inflation, causing significant stock declines. In Europe, a severe energy crisis unfolds as Russia slashes gas supplies to Germany, prompting urgent calls for energy conservation. Meanwhile, COVID hospitalizations are rising due to new variants, putting pressure on already strained healthcare systems. This mix of economic and health challenges leaves many wondering what lies ahead for the continent.

The Federal Reserve has made its largest interest rate hike since 1994, aiming to tackle soaring inflation while maintaining job growth. Meanwhile, the ECB is preparing to implement a new plan to address rising borrowing costs amid economic instability. Billionaire investor Ray Dalio discusses the intricate ties between market dynamics and national fortunes. Additionally, the conversation touches on the impact of political extremism on democracy and highlights the crucial need for equitable education funding to combat wealth inequality.

The World Trade Organization is at a crossroads, grappling with credibility amid significant global trade challenges. A soaring U.S. dollar is costing American companies billions, raising concerns about international sales. Meanwhile, Ukraine is urgently seeking military support to bolster its defenses in eastern Donbass during meetings with Western allies. On a different note, Apple is making headlines with its $2.5 billion deal for Major League Soccer streaming rights, marking a major step into the live sports arena.

U.S. stocks have plunged into bear market territory, driven by inflation and anticipated interest rate hikes. The cryptocurrency sector is in turmoil, with major players halting withdrawals amid a steep market decline. A controversial bill proposed by the British Prime Minister seeks to amend the Northern Ireland trade agreement, stirring debate. Meanwhile, a remarkable trend unfolds in Japan as hundreds of companies relocate to rural areas, aiming for a better work-life balance post-pandemic.

Join Henry Mance, a Chief features writer who explores animal sentience, and Edwin Heathcote, an architecture correspondent focused on skyscrapers. They unveil the surprising emotional complexity of pigs, reshaping our views on animal ethics in farming. Mance discusses recent research that challenges pig stereotypes and prompts deeper reflection on our treatment of livestock. Meanwhile, Heathcote reveals the rise of 'skinny scrapers' in NYC, examining how these ultra-thin towers reflect urban identity and wealth disparity.

Recent US consumer prices are on the rise, while the European Central Bank prepares for its first interest rate hike in over a decade. Inflation pressures tied to the Ukraine conflict are causing ripples across global markets. Meanwhile, China is battling skepticism about its COVID vaccines by introducing vaccine insurance to boost public confidence in vaccinations. The challenges of poor quality and transparency in Chinese vaccines further complicate trust issues, especially among the elderly population needing protection.

The chair of the SEC highlights plans to tackle issues in the U.S. equity market, aiming for greater fairness. Discussions reveal challenges faced by retail investors amidst a segmented marketplace. A new podcast explores the complex ownership structures and ethical dilemmas in the porn industry. It delves into the evolution of adult entertainment and the importance of digital safety. The episode offers a unique blend of finance and provocative topics, showcasing how diverse markets intersect in surprising ways.