FT News Briefing

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.

Dive into the creative minds of directors Daniel Kwan and Daniel Scheinert as they discuss their genre-bending film, which tackles familial communication and the concept of multiverses. Learn about Japan's pressing succession crisis in family businesses, where many heirs shy away from inheritance. The conversation also touches on innovative solutions to ensure these businesses thrive, alongside reflections on societal complexities in filmmaking and the shifting landscape of Japan's economy as younger generations reconnect with their roots.

Wall Street took a hit as the Nasdaq experienced its largest decline since 2020. Meanwhile, the Bank of England warned of an impending recession, sparking discussions about rising inflation. In the British Virgin Islands, political tensions rise as the local premier opposes direct rule from London. Governance challenges unfold, highlighting the delicate balance of reform and perceptions of colonialism. The implications of abortion denial on women's health are also examined, shedding light on broader socioeconomic impacts.

The US Federal Reserve has made waves by raising interest rates for the first time in over two decades, sparking investor optimism. Meanwhile, the European Union is pushing to ban Russian oil imports, though the impact on energy markets has been surprisingly muted. In Ukraine, Russian military progress remains limited, with a focus on the ongoing struggle in the Donbass region and a complex situation for returning refugees. The backdrop is a tense standoff as both sides prepare for prolonged conflict.

BP boasts record quarterly earnings, raising eyebrows and fueling discussions about a possible windfall tax. Meanwhile, Italy's Prime Minister Mario Draghi advocates for eliminating the EU's unanimity requirement in foreign policy, signaling a shift in governance dynamics. In the biotech world, Biogen's CEO steps down after the underwhelming launch of its Alzheimer's drug, leading to significant financial fallout. The podcast delves into these pivotal issues shaping the economy and corporate strategies.

Amazon workers in New York have hit a setback, with unionization efforts rejected at a second warehouse. Meanwhile, the U.S. Federal Reserve is preparing for its first major interest rate hike since 2000 to combat inflation. The renewable energy sector faces challenges, as Vestas reports unexpected losses linked to the war in Ukraine. Additionally, Japan is pushing for a carbon tax in the shipping industry to curb emissions, reflecting a global movement toward sustainable energy solutions.