The boom in Bitcoin mining is having an unintended consequence: it has driven up the cost of computer chips. Plus, the FT’s US-China correspondent, Demetri Sevastopulo, explains how China’s repressive treatment of its Uyghur Muslims is affecting Western brands who do business in the country.  Bitcoin mining boom adds to chip price inflationhttps://www.ft.com/content/d5c121c8-aefc-48d5-a3bf-6e581ccb5762Western brands caught between US and China over human rightshttps://www.ft.com/content/a0be4094-2aba-4275-a3ca-ec5e58cc5032? Hosted on Acast. See acast.com/privacy for more information.

Wall Street touched a record high Wednesday as the White House released details of President Joe Biden’s multi trillion-dollar US stimulus plan, and the food delivery app, Deliveroo, closed down 26 per cent in its first day on the public market. Plus, the FT’s US labour and equalities correspondent, Taylor Nicole Rogers, explains why there are fewer black Americans in financial leadership positions than there were a decade ago. Tech stocks power Wall St to record ahead of Biden stimulus speechhttps://www.ft.com/content/d7a93cb5-f9f1-485a-8b39-1e7a12a97790Disaster strikes as Deliveroo becomes ‘worst IPO in London’s history’https://www.ft.com/content/bdf6ac6b-46b5-4f7a-90db-291d7fd2898dShare of Black employees in senior US finance roles falls despite diversity effortshttps://www.ft.com/content/887d064a-bd5e-4ce6-9671-9057e12bd5c7 Hosted on Acast. See acast.com/privacy for more information.

 The head of the IMF has warned that the world should be ready for an emerging market debt crisis as the global economy emerges from the coronavirus pandemic, and Russia is using the Suez Canal incident to promote its own Arctic shipping route. Plus, the FT’s Mexico and Central America correspondent, Jude Webber, explains why Mexico’s citizens are willing to give president Andrés Manuel López Obrador a second chance.  Prepare for emerging markets debt crisis, warns IMF headhttps://www.ft.com/content/487c30f4-7f21-4787-b519-dde52264d141?Russia seizes on Suez blockage to promote merits of Arctic routehttps://www.ft.com/content/47b4cca2-b673-4763-95b4-555bd03a948a‘In love with bad ideas’: López Obrador takes Mexico back to the futurehttps://www.ft.com/content/b2537ad5-d72e-4b72-885b-01ceb543c253Germany and Canada could host NFL games in 2022 seasonhttps://www.ft.com/content/12b7a706-cf5e-4623-997c-be0d04d68f27? Hosted on Acast. See acast.com/privacy for more information.

The Biden administration is sticking with a Trump administration policy that will make it easier for US diplomats to meet with Taiwanese officials, and US companies say they are feeling the bite of inflation. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why banks might be more careful with hedge fund leverage after the meltdown of Archegos Capital Management. US to make it easier for diplomats to meet Taiwanese officialshttps://www.ft.com/content/05d67774-fdf7-41ae-b17e-a8f2fe8e9f6f?US companies sound inflation alarm https://www.ft.com/content/f0bbed31-bea8-4542-b953-096762d2e59fArchegos poses hard questions for Wall Streethttps://www.ft.com/content/89b560ec-212c-4e82-b52e-c3e1408a9e6b  Volvo Cars revamps parental leave as it aims to increase female manager https://www.ft.com/content/aea0105b-b432-4f5c-8425-9fe78bddb5f8? Hosted on Acast. See acast.com/privacy for more information.

The private investment firm Archegos Capital was behind billions of dollars worth of share sales that captivated Wall Street on Friday, the head of the Suez Canal Authority has warned that there is no timeline for freeing the 220,000-tonne container ship that has blocked one of the main arteries of global trade, and Amazon workers in Bessemer wrap up a potentially historic unionization vote. Traders brace after fire sale of stocks linked to Archegos https://www.ft.com/content/2542af81-9e93-4d05-a0b9-26c0f6aab6f3Suez Canal head warns stricken cargo ship may need unloading https://www.ft.com/content/d452362c-b38d-4786-a2fb-14254df49decThe ultimate David and Goliath story: the fight to open a union at Amazon https://www.ft.com/content/a7ee3ec0-f59d-4188-899f-34ceecf7f026? Hosted on Acast. See acast.com/privacy for more information.

European leaders clash over vaccine distribution at a marathon virtual summit, holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, Jack Ma’s Ant Group demands bigger fees to rebuild valuation after pulled IPO, and comfort foods like doughnuts and mac and cheese proved popular during the pandemic. EU leaders clash over vaccine distribution in tense summit https://www.ft.com/content/486a65fe-0608-4230-b9d5-c990f10d5be8Investors in UK government bonds suffer worst quarter for two decadeshttps://www.ft.com/content/0ea28218-7296-4b09-9cae-4b84a27a9e0cJack Ma’s Ant demands bigger fees to rebuild valuation after pulled IPOhttps://www.ft.com/content/e6d0dffe-a691-484e-9c3e-434d1553a3d6Pandemic comfort food offers too much solacehttps://www.ft.com/content/74497d5f-4bf4-4031-b424-b70a4547d23c? Hosted on Acast. See acast.com/privacy for more information.

British and European officials on Wednesday issued a joint statement saying they’d discussed developing a “reciprocally beneficial relationship” to tackle Covid-19, after a top official in Brussels accused the UK of “vaccine nationalism”; a grounded container ship has blocked traffic in one of the world’s most critical shipping passages; and the rush to produce hydroelectric power in the Himalayas is adding to a crisis already exacerbated by climate change. UK and EU move to calm tensions over access to vaccineshttps://www.ft.com/content/da800a0d-cd27-48d1-a06f-d0c49599c5d2Suez Canal blocked after huge container ship runs agroundhttps://www.ft.com/content/eec9f3a6-2817-45f5-b007-a290f3e530c6Facebook says Chinese hackers tried to spy on Uyghur dissidentshttps://www.ft.com/content/70b94c78-474a-475a-b242-924f6b11929fCrisis in the Himalayas: climate change and unsustainable developmenthttps://www.ft.com/content/387f5b4d-69cd-45f6-b0fc-69d659381109Nationwide to allow all office-based employees to ‘work anywhere’https://www.ft.com/content/b4692568-0f60-4a32-9f86-fad222f319ff? Hosted on Acast. See acast.com/privacy for more information.

The escalation of a diplomatic row between the EU and China could imperil a market-access deal meant to be the cornerstone of future relations between Brussels and Beijing, Facebook’s CEO prepares for a grilling by US lawmakers over misinformation, and the Wall Street asset management group BlackRock has pushed for more diversity but now faces criticism for lack of an inclusive workplace. Sanctions row threatens EU-China investment dealhttps://www.ft.com/content/6b236a71-512e-4561-a73c-b1d69b7f486b?Facebook: the billion dollar bot problemhttps://www.ft.com/content/5242c34f-f7fc-4005-9b49-49674cedeb71BlackRock under pressure to live up to its promises on diversityhttps://www.ft.com/content/6476e681-4154-43a6-93e4-f5c86ae30dd9The battle for the pub at the end of the world https://www.ft.com/content/01fd588f-ad0a-4fe2-a370-78d1169fcd28 Hosted on Acast. See acast.com/privacy for more information.

Investor confidence in Turkey is shaken by the shock dismissal of the head of the central bank and the appointment of a new central banker with unorthodox ideas on how to tackle the country’s economic challenges, the increased production of the Covid-19 vaccine is creating shortages of other medicines, and Goldman Sachs bows to workplace complaints by junior bankers. Turkey’s lira tumbles after Erdogan sacks central bank chiefhttps://www.ft.com/content/6be3efd1-a8e9-47a8-abac-966db2d3cf93Push to make Covid vaccines causes US drug shortageshttps://www.ft.com/content/b3ac261e-2675-4679-9356-53aa6d812ad7David Solomon commits to Saturdays off for Goldman Sachs bankershttps://www.ft.com/content/58ca979f-3110-4613-8f85-81d8704cd4ad Hosted on Acast. See acast.com/privacy for more information.

Investors have injected almost $170bn into global stocks over the past month, Broadway’s theatre workers are still waiting for curtains to lift, and India’s job shortage prompts the northern state of Haryana to adopt new rules that require companies to hire residents from that state.  Investors inject almost $170bn into global stocks in 4 week https://www.ft.com/content/88ab1525-02d3-4cf7-83ef-cfc00322d2b3?Outlook darkens for Europe’s virus-stricken economy https://www.ft.com/content/e818cea3-998f-4eef-ac0f-8f11894ac9afA year without Broadway https://www.ft.com/content/e79fa5e2-146a-4112-99d6-410f5d40778fHiring quotas the latest headache for companies investing in Indiahttps://www.ft.com/content/e09ccb12-57bc-414d-9318-8ed48dfffe6fBerlin theatres stage comeback with Covid-compliant initiativehttps://www.ft.com/content/a728eafd-e595-46d8-a568-2fdee4fde01d Hosted on Acast. See acast.com/privacy for more information.