FT News Briefing

Carlos Ghosn's escape from Japan has triggered diplomatic tensions with Lebanon, who sought his return just days before. Meanwhile, Google Health has made strides in breast cancer detection, boasting greater accuracy than traditional radiologists with its innovative AI technology. Additionally, Japan's labor market is undergoing significant changes, with increasing employee power and concerns over 'karoshi,' leading to a rise in unionization among part-time workers.

Private equity groups made a splash this year, outpacing expenditure since the financial crisis. The forecast for IPOs in 2020 looks bright, but many unicorns are delaying their public debuts, with the impacts of WeWork's failed listing looming large. As recent IPO performances unfold, a spotlight shines on investor sentiment regarding loss-making companies. The discussions also touch on the evolution of responsible capitalism and the implications for notable players like Airbnb and ByteDance.

Fraudsters are reportedly siphoning off billions from companies through bogus responses to online ads. In a surprising turn, WeWork faces a hefty $17 million payout for executives' golden parachutes. Meanwhile, France witnesses a surge in new small businesses. Warren Buffett shares his stance on the corporate moral dilemma, declaring that companies shouldn't act as moral arbiters. This mix of financial insights and societal reflections keeps the conversation lively and thought-provoking.

Andrew Bailey steps into the role of the new Bank of England governor amid significant challenges. Tensions rise in the political arena as Democrats and Republicans argue over President Trump's Senate impeachment trial. In a surprising move, former Uber CEO Travis Kalanick has sold off most of his stake in the company. As the year ends, investors are increasingly attracted to risky U.S. debt, particularly in the junk bond market, raising concerns over bond stability and potential bubbles.

The Bank of England faces scrutiny as high-speed traders eavesdrop on press conferences. In a surprising twist, a corporate corruption symbol gains early release from prison. Meanwhile, Fiat Chrysler and PSA unite to form a colossal automaker amid the electric vehicle revolution. Political tensions soar as the US House impeaches Donald Trump, with implications for his Senate trial and re-election chances. As divisions deepen within the Republican Party, the stakes for American democracy remain alarmingly high.

FedEx is facing tough times as it cuts its earnings guidance again, while Royal Dutch Shell's zero tax bill in the UK raises eyebrows. Brexit worries loom large as Boris Johnson plans potentially disruptive legislation. Meanwhile, Poland is tackling labor shortages through innovative automation in manufacturing. Companies like Amica are embracing robotics, reshaping the job market. The podcast also explores Poland's immigration strategies and their significant reliance on Ukrainian workers amid rising economic challenges.

Global stocks are hitting record highs as tensions ease between the US and China. Netflix reveals impressive growth outside the US, while Boeing plans to halt 737 Max production. Additionally, American tech firms are pushing back against government restrictions on Huawei, citing potential impacts on their supply chains. Meanwhile, Huawei is shifting tactics from lobbying to legal battles in response to US actions, raising alarms about a possible technology cold war. The tension between regulation and corporate interests is palpable.

Leslie Hook, a Financial Times journalist covering the UN Climate Summit, shares her insights on the struggles faced in reaching an agreement on carbon trading. She highlights the tensions among delegates and the clash between weary negotiators and passionate youth protesters. The conversation dives into the ethical complexities of carbon credits and their implications for global emissions. With upcoming Glasgow climate talks on the horizon, the challenges of achieving the Paris Climate Agreement goals are brought to light.

Boris Johnson's decisive victory signals a strong mandate for Brexit, reshaping the UK's political landscape. The aftermath raises questions about Labour's challenges and Scotland's future. Meanwhile, in the U.S., impeachment discussions heat up in the judiciary committee. As tensions simmer, the U.S. and China inch closer to a limited trade deal, highlighting the global interconnectedness of these significant events. It's a whirlwind of political shifts and economic negotiations.

The Federal Reserve keeps interest rates steady, signaling no changes for 2020. Climate negotiations in Madrid face hurdles over carbon trading. The FAA's oversight of Boeing’s 737 Max raises concerns after findings show it was more accident-prone. Meanwhile, Aung San Suu Kyi grapples with her shift from human rights icon to a controversial defender amidst allegations of genocide in Myanmar. The podcast further contrasts the plight of the Rohingya with that of the Uyghurs, highlighting varying international responses to these urgent human rights issues.