Social media giant Meta is deliberating a company-wide ban on political advertising in Europe, crypto exchange Binance hid substantial links to China, and UBS is bringing back Sergio Ermotti to lead the bank as it integrates Credit Suisse. Plus, the FT’s Eleanor Olcott explains why China’s ecommerce giant Alibaba is splitting into six business units.  Mentioned in this podcast:Meta bosses look at political ads ban in EuropeWhy UBS brought Sergio Ermotti back as chief executiveBinance hid extensive links to China for several yearsAlibaba bets on split to survive Chinese tech’s new battlefieldsBehind the Money podcast: Inside UBS’ takeover of Credit SuisseDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

JP Morgan CEO Jamie Dimon will testify about his bank’s relationship with Jeffrey Epstein, the Middle East is enjoying an IPO boom, China has expanded its bailout lending as its Belt and Road Initiative falters, and former FTX CEO Sam Bankman-Fried has been charged with bribery. Mentioned in this podcast:JPMorgan’s Jamie Dimon to be deposed in Epstein lawsuits Middle East on ‘radar’ of global investors as it enjoys IPO boomChina grants bailouts as Belt and Road Initiative faltersUS charges Sam Bankman-Fried with bribing Chinese officialsDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israeli prime minister Benjamin Netanyahu has postponed a bitterly contested judicial overhaul, the first consignment of German Leopard 2 tanks has reached Ukraine, and shares of First Citizens Bank surged nearly 50 per cent on Monday morning following news it would buy much of the failed Silicon Valley Bank. Mentioned in this podcast:Netanyahu partner says reforms that have roiled Israel to be postponed German Leopard 2 tanks arrive in UkraineFirst Citizens to buy failed Silicon Valley BankReuters: Demonstrators hold dueling protests in IsraelDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, senior EU and UK officials have stepped up discussions on potential plans for closer defence and security co-operation, the London Metal Exchange has found bags full of stones at one of its warehouses instead of the nickel they were supposed to contain in the latest drama to hit the scandal-stricken metals market, and crypto companies are heading to Hong Kong to try and capture demand from Mainland China Mentioned in this podcast:Money market funds swell by over $286bn as investors pull deposits from banksTrafigura: the 10-day unravelling of an alleged $500mn fraudLME finds bags of stones instead of nickel in metal warehouseEU and UK ramp up talks on defence cooperation  Crypto groups expand in Hong Kong in bid to tap mainland China demandDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

 In this episode, Tech Tonic dives into the science at the heart of quantum computing. How do technologists use unexplained subatomic phenomena to build powerful computers?FT artificial intelligence editor Madhumita Murgia tells the story of quantum physics with the help of Sean Carroll, a theoretical physicist at Johns Hopkins University and hears from University of New South Wales professor Michelle Simmons to understand how engineers exploit weird quantum physics.Presented by Madhumita Murgia and John Thornhill, produced by Josh Gabert-Doyon and Edwin Lane. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. The FT’s head of audio is Cheryl Brumley.We're keen to hear more from our listeners about this show and want to know what you'd like to hear more of, so we're running a survey which you can find at ft.com/techtonicsurvey. It takes about 10 minutes to complete and you will be in with a chance to win a pair of Bose QuietComfort Earbuds. Hosted on Acast. See acast.com/privacy for more information.

TikTok’s CEO faced bruising questioning in US Congress over the social media app’s links to its Chinese parent company ByteDance, short seller Hindenburg Research has accused payments group Block of artificially inflating its user numbers and facilitating fraudulent transactions, and the wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt.Mentioned in this podcast:TikTok chief faces hostile Congress in bid to fight off US banHindenburg Research shorts Jack Dorsey’s payments group BlockAsia investors ‘gobsmacked’ by $17bn Credit Suisse bond wipeoutCrypto fugitive Do Kwon arrested in Montenegro, says interior ministerCredit: Cash App Music Video Compilation (Hindenburg Research)Download the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Federal Reserve pressed ahead with its monetary tightening campaign despite the recent turmoil in the banking sector and the FT’s Andrew Jack explains why the FT updated the criteria for its MBA rankings. Plus, UK inflation was unexpectedly high last month. Mentioned in this podcast:Fed presses ahead with quarter-point rate rise despite banking turmoilFT business school rankingsGlobal MBA Ranking 2023: change at the topDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The IMF has struck a deal with Ukraine to provide a $15.6bn loan, some former central bankers say pausing rate increases because of the banking sector turmoil would be a mistake, shares of First Republic Bank rallied after US Treasury secretary Janet Yellen said the government stood ready to provide further support for smaller lenders, and China's leader Xi Jinping has backed Russian president Vladimir Putin’s stance on his war in Ukraine but refrained from endorsing his statements about a planned gas pipeline. Mentioned in this podcast:Ukraine clinches $15.6bn IMF loanFormer officials split on what central banks should do next Janet Yellen says US prepared to give more support to banksXi Jinping backs Vladimir Putin on Ukraine but holds out on Russian gas pipelineDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The IMF’s board has finally backed a $3bn bailout for Sri Lanka to help relieve a ‘catastrophic’ economic and social crisis, shares in First Republic Bank tumbled 47 per cent on Monday despite a $30bn rescue deposit last week, and Credit Suisse bondholders were in uproar after the rescue deal by rival UBS wiped out $17bn of the failed Swiss bank’s bonds.Mentioned in this podcast:IMF approves $3bn bailout for Sri Lanka Wall Street chief executives try to come up with new plan for First RepublicCredit Suisse bondholders in uproar over $17bn debt wipeoutCredit Suisse AT1s: investors go loco after Coco no-noDownload the FT Edit app here: ft.com/fteditThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators, leading central banks have taken fresh measures to improve global access to dollar liquidity, and the Biden administration is under pressure to call for an expansion of the federal guarantee on bank deposits. Plus, the FT’s Andrew Edgecliffe-Johnson explains what lessons start-ups are taking away from the collapse of Silicon Valley Bank. Mentioned in this podcast:UBS agrees to buy Credit Suisse for more than $3bnWhite House pressed to expand deposit guarantee to steady banksCentral banks announce dollar liquidity measures to ease banking crisisStart-ups learn the hard way how to manage cash after SVB’s collapseSign up for the FT’s Due Diligence newsletter: https://www.ft.com/due-diligenceDownload the FT Edit app here: ft.com/fteditRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.