FT News Briefing

Boris Johnson urges voters as the UK faces a critical election. Meanwhile, Saudi Arabia aims for a staggering $2 trillion valuation of Saudi Aramco. In the U.S., impeachment articles against Donald Trump are unveiled, coinciding with significant changes to the USMCA trade deal. The discussion also highlights Europe's green trade policies, examining the tension between climate goals and protectionist motives. Additionally, the podcast reveals the conflicts between wealthy nations and developing countries regarding environmental standards and trade practices.

Donald Trump touts progress on the USMCA trade deal, while Morgan Stanley plans significant job cuts. Amazon alleges political pressure impacted a $10 billion defense contract loss. SoftBank is selling its stake in Wag, and the financial world mourns Paul Volcker, the former Fed chairman, who recently passed away. The show's host reflects on Volcker's legacy, from battling inflation in the 80s to shaping future financial regulations with the Volcker Rule.

Beijing has mandated the removal of foreign tech from government offices, stirring international concern. The FBI investigates a shooting at a US naval base as a possible terrorist act. Meanwhile, doubts emerge in the UK about Boris Johnson's Brexit promises, particularly regarding Northern Ireland's critical role. With the UK general election approaching, the Democratic Unionist Party faces pressure as rising nationalism and Brexit concerns challenge their political standing. The complex interplay of these issues raises questions about the future of peace in Northern Ireland.

Dive into the intriguing world of political advertising in the UK, where dark money raises questions of transparency. Discover CVC Capital Partners' ambitious plans for global football tournaments. Learn about Uber's sobering safety report, revealing troubling statistics about incidents. Also, explore the dramatic impeachment proceedings against Donald Trump and the monumental $25.6 billion IPO of Saudi Aramco, showcasing the kingdom's investment strategy amid OPEC's considerations on oil production. It's a whirlwind of politics and finance!

Former World Bank president Robert Zoellick criticizes Donald Trump’s China policy, igniting discussions on US-China relations. Boris Johnson reassures allies about avoiding Huawei in the UK's 5G networks due to security worries. The New York Mets are potentially being sold to hedge fund manager Steven Cohen, raising eyebrows amidst past ownership issues. Meanwhile, Saudi Arabia is urging OPEC to implement deeper oil production cuts to tackle global economic challenges.

Google's co-founders are stepping back from Alphabet, signaling a major shift in the tech landscape. Kamala Harris's exit from the 2020 presidential race creates ripples in the political arena. Tensions arise at the NATO summit as Trump's criticisms come to the forefront. The impeachment inquiry intensifies, with House Democrats accusing the president of abuse of power. The podcast examines the intricate details of impeachment processes and the broader implications for future elections.

The Trump administration's new tariffs are stirring trade tensions with France, the EU, Brazil, and Argentina. In the UK, the Conservative party faces a critical week leading up to the election. Meanwhile, Sweden defies expectations by moving away from negative interest rates despite economic challenges. This mix of unpredictable politics and shifting economic policies raises questions about global trade and the future landscape.

The Federal Reserve is contemplating allowing inflation to exceed its 2% target. In the UK, politicians engage in a blame game after a tragedy at London Bridge. Meanwhile, the EU faces challenges with its budget discussions as it unveils ambitious new leadership plans. The need for local battery production in Europe is emphasized, as competition from Asia intensifies. Initiatives like the European Battery Alliance aim to bolster innovation and independence in the electric vehicle market.

US political parties are innovating with technology to connect with voters through their supporters' phone contacts. Meanwhile, the EU grapples with global trade slowdowns impacting its economy. Interestingly, premium economy seats are now more profitable than business class for many airlines. Tensions between Japan and South Korea simmer, particularly regarding reparations for historical grievances, as victims face pressure to retract their claims.

President Trump signs bills to support Hong Kong's pro-democracy protests, stirring U.S.-China relations. Meanwhile, Christine Lagarde pushes for climate change to be central in the European Central Bank's strategy. Ken Fisher's firm thrives despite controversy, while India faces a worrying economic slowdown with plummeting GDP growth. The podcast delves into the challenges affecting India's investment appeal and manufacturing sector, painting a complex picture of its economic landscape.