FT News Briefing

Tensions rise in Europe as major publishers call on the EU to intervene against Google's plan to phase out third-party cookies. Meanwhile, Unilever is facing internal strife after activist investor Trian Partners questioned its sustainability efforts, arguing for a return to profitability. On an exciting note, Sony is venturing into the electric vehicle market, aiming to integrate their entertainment tech into automotive design, promising unique sound experiences. The intersection of technology and sustainability sparks intriguing debates.

Join James Beard Award-winning chef Pati Jinich, known for her vibrant Mexican cuisine, as she discusses how food can serve as a unique diplomatic tool. She shares stories that intertwine culinary artistry with cultural identity. Alongside her, anthropologist and financial columnist Gillian Tett analyzes cultural behaviors that foreshadowed the 2008 financial crisis and explores the complex dynamics of cryptocurrency and cultural capital. Their insights shine a light on the intersections of food, culture, and power in today's society.

The Federal Reserve sparks debate on a central bank digital currency, raising eyebrows in the finance world. Luckin Coffee plots a comeback in the US after a major fraud scandal, showcasing resiliency in consumer behavior. Meanwhile, German Bund yields rise above zero for the first time since 2019, influencing market dynamics and central bank strategies. The intertwining of these financial developments highlights the evolving landscape of global economics and cryptocurrency regulations.

The U.S. Senate is gearing up to tackle Big Tech with new legislation targeting data issues and search biases. Meanwhile, banks like Bank of America are looking forward to benefiting from rising interest rates. In Russia, the economy is adapting to sanctions with resilience, revealing how limited these Western threats have proven to be. The podcast also delves into rising national sentiment in Russia, and a curious trend in Hong Kong where residents are hiring private jets to evacuate their pets. The discussions are timely and insightful!

Tensions are brewing in the car industry over France's health warning proposal for ads. Meanwhile, US telecom giants are postponing 5G rollout near airports to address safety concerns raised by airlines. The spotlight shifts to Microsoft’s ambitious $75 billion deal for Activision Blizzard, seen as a game-changer for the metaverse. Challenges lie ahead for Activision in corporate culture, while the need for engaging content becomes clear as gaming and market trends evolve.

UK inflation is poised for a significant rise, potentially hitting a 30-year high due to energy costs and supply chain issues. Meanwhile, insights reveal how Meta plans to monetize its metaverse with precision-targeted advertising. In Africa, Chinese lenders are becoming increasingly cautious, with concerns over loan limits and potential defaults. Additionally, Scotland is making strides in renewable energy by auctioning rights for offshore wind projects, signaling a commitment to sustainable development.

A pension fund from British Gas controversially invested in the Israeli spyware company NSO Group, raising questions about financial ethics. In a significant market shift, European electric vehicle sales have now overtaken diesel. The discussion also delves into Bain's tumultuous role in South Africa's state capture crisis under Jacob Zuma, revealing how the consulting firm contributed to the country's corruption scandal. The implications for other firms operating in such fragile environments are stark and critical.

Tracey Emin, a legendary British artist known for her emotionally charged work, shares her plans to start an art school and studio compound in Margate, her hometown. She reflects on her artistic evolution and the legacy she aims to build, especially through her battle with cancer. Additionally, Jancis Robinson, the first non-winemaker Master of Wine, discusses her mission to make wine accessible to everyone, sharing her journey in demystifying wine culture and promoting community engagement. Wine enthusiasts will find her practical tips and unique recommendations inspiring!

Google makes headlines with a billion-dollar investment in a London office, raising eyebrows amid declining office usage. The podcast dives deep into the turbulent political situation in Kazakhstan and its troubling ties to London's elite, illustrating the broader implications of global wealth dynamics. It also unpacks the controversial role of Citadel Securities in retail trading, especially in light of recent stake sales and the ongoing fallout from the GameStop saga.

Boris Johnson faces mounting pressure after admitting to attending a lockdown party, sparking calls for his resignation. Meanwhile, nickel prices soar to a decade high, driven by the electric vehicle surge. Environmental activists are now targeting PR firms for their role in greenwashing fossil fuels, leading to a heated clash over messaging. Finally, Beyond Meat struggles as it becomes one of the most shorted stocks amid changing investor sentiment in the plant-based market.