FT News Briefing

Elon Musk hints at paying a lower price for Twitter, raising eyebrows about his negotiating tactics. Hedge fund Tiger Global scales back its tech investments amid a market slump. Meanwhile, India's wheat export ban sends prices soaring, causing ripples across global markets. McDonald's announces it will sell its business in Russia, navigating the tricky landscape of international sanctions. From social media drama to commodity upheavals, the discussions reveal the interconnectedness of modern business challenges.

The discussion dives into the complex ties between business, money, and trust. Insights reveal how consumer trust shapes today’s marketplace. Expect updates on controversial cryptocurrency firms and major corporations' legal maneuvers. The new host brings a fresh perspective to these critical financial narratives.

Brussels is rethinking its growth forecasts amid an energy crisis, while Sweden and Finland are making historic moves to join NATO, facing Turkish opposition. Francesca McDonagh's influential shift to Credit Suisse signals a new era for the bank, highlighting her resilient leadership. Meanwhile, Goldman Sachs introduces an unlimited vacation policy to lure talent, prompting discussions on its effectiveness. The landscape of banking and international relations is changing rapidly, offering a blend of challenges and opportunities.

In this engaging discussion, actor Michael Patrick Thornton reflects on his remarkable journey from overcoming spinal strokes to starring in the Broadway production of Macbeth. He shares how Shakespeare's sonnets aided his recovery, teaching him vital skills and inspiring his advocacy for disability representation in the arts. Additionally, forensic artist Melissa Dring reveals her unique techniques in crafting suspect sketches, including how she uses warmth and innovative methods to help witnesses recall traumatic events, blending creativity with crime-solving.

Norway's oil fund takes a hard stance against corporate greed and high executive pay. Meanwhile, former Ukrainian officials believe they could reclaim territories from Russian forces soon. The latest turmoil in the cryptocurrency market, especially with stablecoins like Tether, raises concerns about broader financial repercussions. Additionally, the Senate confirms Jay Powell for another term as chair of the Federal Reserve, emphasizing the critical intersection of economic leadership and market health.

Turkish authorities intensify pressure on banks as the lira tumbles. In the U.S., inflation maintains a stubborn annual rate, impacting consumer prices and Federal policies. The EU faces a hefty €200 billion bill to achieve energy independence from Russia. Meanwhile, tension brews around HSBC, as its top shareholder advocates for a split to enhance focus on Asian markets, raising questions about the bank's future strategy amid changing market dynamics.

Elon Musk calls the Twitter ban on Donald Trump 'foolish' and hints at a possible reinstatement. Meanwhile, global investment banks in China are finally turning a profit after a challenging year. The political landscape in the Philippines is shifting under Ferdinand 'Bongbong' Marcos Jr., tapping into a yearning for strong leadership among voters. Plus, Nintendo unveils a stock split strategy to boost share accessibility amidst production hurdles.

Volkswagen's CEO has sparked controversy by advocating for a negotiated settlement to the Ukraine War, emphasizing the economic impact on Europe. Goldman Sachs is putting a halt to new SPAC offerings due to mounting regulatory pressures. Meanwhile, Sinn Féin has made history by claiming a significant election victory in Northern Ireland, marking a shift from unionist dominance. The party's focus on economic concerns and healthcare indicates a tactical change, while their ties to the Irish Republican Army bring historical complexities to the forefront.

China's unwavering zero-Covid policy has investors on edge, fueling economic uncertainty. Meanwhile, Africa's largest vaccine plant faces a precarious future after a production halt, raising concerns about vaccine supply. The show also dives into a legal battle between plant-based meat giants over patent rights, underscoring the competitive landscape of food biotechnology. With shifting priorities from scarcity to oversupply in vaccine production, the need for robust manufacturing capabilities in Africa has never been more critical.

The podcast dives into the escalating tech tensions between the US and China, exploring the idea of a 'great decoupling.' It highlights Huawei's struggles amid sanctions and the rise of China's unique digital ecosystem with super apps like WeChat. Experts discuss the implications of US regulations on Chinese firms and the complexities American companies face in diversifying supply chains. The narrative reveals the deep-rooted economic interdependencies, concerns over national security, and the adversarial dynamics shaping the future of global technology.