FT News Briefing

Markets surged as Russia announced troop withdrawals, boosting US and European shares. Meanwhile, Eric Schmidt is launching a $125 million fund aimed at solving tough AI challenges. On the energy front, US shale companies face a dilemma: with oil prices nearing $100 a barrel, they must choose between maximizing profits and exercising production restraint. This situation has sparked intense debate within the industry about its long-term sustainability.

Tensions are rising between the U.S. and Russia over Ukraine, sparking debates on narrative control. Meanwhile, remittances from U.S. migrant workers are hitting record highs, providing vital support to families in Central America. Investors are becoming increasingly wary of emerging markets, questioning the risks versus rewards. Inflation and local currency challenges further complicate the investment landscape, especially as China's economic shifts reduce growth potential.

Tensions rise as Germany's Chancellor Scholz negotiates with Putin over Ukraine. Meanwhile, Axel Springer faces a significant #MeToo crisis, raising questions about corporate culture and accountability. Insights from female journalists reveal the struggles of confronting outdated practices in the media industry. An internal investigation unveils the complexities of executive misconduct, while personal stories illuminate the emotional toll on victims. This moment sparks a greater discussion about workplace ethics and the evolving narrative of the Me Too movement in Germany.

In this engaging discussion, journalist Joel Stein shares insights into Miami's remarkable transformation into a tech hub, driven by an influx of Silicon Valley elites. He explores the complex relationship between newcomers and long-time residents, raising concerns about gentrification and its impact on the city's diverse culture. From personal stories at local venues to reflections on Miami's unique identity amidst rapid change, Stein captures the city's spirit and the challenges posed by both tech influence and climate pressures.

A recent spike in U.S. inflation has marked the highest consumer prices in four decades, prompting investors to abandon Treasuries. Meanwhile, SoftBank faces legal hurdles jeopardizing its plans for an Arm IPO due to management issues in China. In a scientific breakthrough, European researchers have made significant strides in nuclear fusion, potentially paving the way for sustainable energy. These developments reflect the evolving challenges and innovations in the global economy and energy sector.

Biotech companies are struggling financially as investors pull back, leading to a cash crunch. In contrast, Geode Capital Management has impressively surged to $1 trillion in assets. Amid its turmoil, Peloton may become an attractive acquisition for giants like Nike and Amazon. The conversation dives into Peloton's loyal user base, the challenges it faces, and how leadership changes impact its future. Additionally, there’s an intriguing look at Chipotle's adaptability in the face of economic pressures.

Investors are putting pressure on Credit Suisse's vice-chair amid scandals. SoftBank's plans for listing Arm Holdings in the US are highlighted following a failed sale to Nvidia. The podcast dives into the escalating tensions surrounding the UK-EU migrant crisis, highlighting a political stalemate between the UK and France. It probes into the complexities of migration policies and the tragic consequences of inaction, showcasing the societal and political implications of this contentious issue.

Credit Suisse makes history facing criminal charges, highlighting significant shifts in the banking world. Meanwhile, the U.S. pressures the EU on Big Tech regulations. The discussion dives into the UK migrant crisis in Dover, revealing unexpected humanity as locals and volunteers provide vital support to migrants. Amid rising tensions, the podcast unpacks the complexities of public perception and the media's role in shaping attitudes towards immigration, showcasing resilience and compassion in a challenging situation.

Diplomatic tensions with Russia take center stage as negotiations heat up. Meanwhile, aid agencies urge for financial support to combat Afghanistan's growing humanitarian crisis. The podcast takes listeners into a French refugee camp, revealing the arduous journeys faced by asylum seekers aiming for a new life in the UK. Personal stories highlight the struggles of Afghan migrants and the stark contrasts in the asylum process post-Brexit, shedding light on the emotional toll these individuals endure in their pursuit of hope.

Join Patrick McGee, a tech-savvy correspondent passionate about fitness, and Andrew Hill, the Management editor and business book expert. They dive into the Peloton phenomenon, discussing its emotional ties and the psychology behind why we struggle to exercise. The conversation shifts to the rising trend of connected fitness and its potential pitfalls. Andrew also humorously critiques the flood of mediocre business books, spotlighting the need for genuine insights. Tune in for a thought-provoking and entertaining dialogue!