Description: Turkish authorities have raised the pressure on the country’s banks to limit corporate clients’ purchases of foreign currency, US consumer prices rose at an annual pace of 8.3 per cent last month, and the EU will have to spend close to €200bn in the next five years to secure energy independence from Russia. Plus, the FT’s Tabby Kinder explains why HSBC’s biggest shareholder is pressuring the bank to split up. Mentioned in this podcast:Turkey dials up the pressure on banks as lira slidesUS inflation stays at 40-year high defying expectations of bigger dropEU warns of €195bn cost to free bloc from Russian energyPeter Ma: China’s shy insurance tycoon bursts into the limelightSaudi Aramco overtakes Apple as the world’s most valuable companyThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla CEO Elon Musk has said he would reverse Twitter’s ban on Donald Trump, and all but one of the global investment banks in China finally managed to eke out a profit last year. Plus, a look at the new president of the Philippines, Ferdinand “Bongbong” Marcos Jr.  Mentioned in this podcast:Musk says he would reverse Trump’s Twitter ban, calling it ‘foolish’ and ‘morally wrong’Global investment banks in China finally turn a profitThe Marcos revival: how late Philippine dictator’s son went from exile to election favouriteThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Volkswagen chief Herbert Diess has called for the EU to pursue a negotiated settlement to the Ukraine War for the sake of Europe’s economy, Goldman Sachs has paused new Spac offerings, and an historic election victory by Northern Ireland’s Sinn Féin Party has overturned more than a century of unionist dominance in the region.Mentioned in this podcast:Emerging markets hit by ‘toxic’ mix of rising rates and slower growthVW chief’s call for settlement to end war draws outrage from KyivGoldman Sachs pauses work on new Spacs after SEC takes tougher stanceSinn Féin wins historic victory in Northern IrelandThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Xi Jinping’s renewed commitment to zero-Covid policy rattles investors in China, Africa’s top Covid vaccine plant faces an uncertain future after production halt, and plant-based meat maker Impossible Foods claims a rival, Motif, has infringed its patent on a beef-replica product.Subscribe to the FT News Briefing oan Apple Podcasts or SpotifyMentioned in this podcast:Defence companies face supply snags as demand for US weapons risesXi Jinping’s renewed commitment to zero-Covid rattles markets in ChinaAfrica’s top Covid vaccine plant faces uncertain future after production haltedPlant-based meat groups in court battle over taste of their productsThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the final episode of this season of Tech Tonic, we ask if the growing tensions between the US and China could split the world into two competing technological spheres. It has been dubbed 'the great decoupling'. Some in the US want to see Chinese companies cut off from American investment, while hawkish factions in China have been fighting for a more self-sufficient and nationalistic tech sector. But what would decoupling really look like? And is it even possible? Presented by James Kynge, this episode features interviews with Lillian Li (author of Chinese Characteristics newsletter), Paul Triolo (senior vice-president of Albright Stonebridge Group), Roger Robinson Jr (president and founder of RWR Advisory) and Kevin Rudd (former prime minister of Australia and president of the Asia Society)Presented by James Kynge. Edwin Lane is senior producer. Josh Gabert-Doyon is producer. Manuela Saragosa is executive producer. Special thanks to Tom Griggs. Sound design is by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.News clips credits: CNBC Check out stories and up-to-the-minute news from the FT’s technology team at  ft.com/technologyFor a special discounted FT subscription go to https://www.ft.com/techtonicsaleAnd check out FT Edit, the new iPhone app that shares the best of FT journalism, hand-picked by senior editors to inform, explain and surprise. It’s free for the first month and 99p a month for the next six months. Hosted on Acast. See acast.com/privacy for more information.

This week, Lilah interviews Everything Everywhere All at Once directors Daniel Kwan and Daniel Scheinert, also known as Daniels. Their film, starring Michelle Yeoh and Jamie Lee Curtis, has received rave reviews for successfully combining genres from indie comedy to sci-fi to kung fu. Then our colleagues Leo Lewis and Eri Sugiura join us from Tokyo to explain Japan's succession crisis. Small and medium-sized companies employ 80 per cent of people in the country, but many owners’ children do not want to inherit the family business. --------------Want to say hi? We love hearing from you. Email us at ftweekendpodcast@ft.com. We’re on Twitter @ftweekendpod, and Lilah is on Instagram and Twitter @lilahrap. --------------Links and mentions from the episode: –Everything Everywhere All At Once is out now in the US. It will be released in the UK on Friday 13th May. The trailer is here: https://www.youtube.com/watch?v=wxN1T1uxQ2g – You can follow Daniels on Twitter @daniels. –Leo and Eri’s FT Magazine piece, ‘The pervasive succession crisis threatening Japan’s economy’: https://www.ft.com/content/dc5c19f7-5f4b-4bf5-809a-f46859fb5c39  –Leo Lewis’ piece on Japan’s ageing population and the plunging yen: https://www.ft.com/content/c18281da-3036-4b50-9757-334ad3a82620 –Eri Sugiura on Kyoto’s empty house tax, a story she broke in February about how Japan is dealing with a declining population https://www.ft.com/content/9b87824b-f9a2-4098-8f59-345e174ec736 – Leo is on Twitter at @Urbandirt, and Eri is at @SugiuraEri. –Select coverage of the war in Ukraine is free to read at https://www.ft.com/freetoread—-------------Special offers for Weekend listeners, from 50% off a digital subscription to a $1/£1/€1 trial are here: http://ft.com/weekendpodcast.--------------Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.  Hosted on Acast. See acast.com/privacy for more information.

Wall Street stocks suffered steep declines on Thursday with the Nasdaq’s biggest fall since 2020 and the Bank of England has warned that the UK economy will slide into recession this year. Plus, the FT’s Latin America editor, Michael Stott, explains why the British Virgin Islands is rejecting a push for direct rule from London. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:Nasdaq tumbles 5% in sharpest fall since 2020British Virgin Islands premier rejects direct rule from LondonBank of England warns of UK recession this year as it lifts interest rateThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Federal Reserve raised its benchmark policy rate by half a percentage point for the first time since 2000, the European Union is trying to ban almost all imports of Russian oil, and the FT’s Ben Hall explains why Russia is making nominal military progress in Ukraine. Mentioned in this podcast:Hungary holds up EU plan to ban imports of Russian oilFed implements first half-point interest rate rise since 2000Military briefing: ‘anaemic’ Russian advance heralds long attrition warThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

BP recorded its highest quarterly earnings in more than a decade, Italy’s prime minister, Mario Draghi, called on Brussels to abandon the requirement for unanimity on foreign policy decisions, and Biogen’s chief executive will step down following the disastrous launch of the company’s Alzheimer’s drug. Subscribe to the FT News Briefing on Apple Podcasts or SpotifyMentioned in this podcast:BP’s bumper earnings stoke new calls for windfall taxMario Draghi calls for an end to EU unanimity on foreign policy decisionsBiogen chief steps down after Alzheimer’s drug flops Tiger Global slumps more than 40% in first four months of 2022The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon workers at a warehouse in New York have rejected efforts to form a union, the US Federal Reserve is poised to make its first half-percentage point rise since 2000, and Danish turbine maker Vestas reported bigger than expected losses and confirmed the impact of the war in Ukraine on the industry.  Mentioned in this podcast:Amazon union dealt a setback as it loses vote at second NY warehouseFed reaches for its ‘hatchet’ as it attacks galloping inflationVestas warns war in Ukraine will add to wind industry slowdownShipping heavyweight Japan tables carbon tax proposal for the industryThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.