FT News Briefing

BP has launched a new $9 billion offshore platform, signaling a strategic shift in fossil fuels amid a recovering global equity market. Meanwhile, experts are raising alarm bells about the latest version of OpenAI's chatbot, ChatGPT. The discussion delves into the 'Red Team' tasked with ensuring AI safety by identifying potential biases and dangerous outputs. As AI capabilities grow, the importance of oversight rises, highlighting the dual-edged nature of technological advancements.

Donald Trump's legal battle with his former lawyer heats up as he sues for $500 million. Meanwhile, U.S. inflation dips, yet core prices pressure the Federal Reserve for potential interest rate hikes. The podcast highlights a staggering situation where 91 of the poorest countries will dedicate over 16% of their revenue to foreign debt repayments, raising alarms about financial stability and repayment crises. Discover how global issues and Chinese loans are exacerbating the challenges for these struggling nations.

EY's failed attempt to break up its audit and consulting arms sparks debate on industry standards and conflict of interest. Meanwhile, the IMF warns of a potential global economic hard landing if inflation persists. The podcast also highlights the daunting €800 billion cost for the European aviation industry to meet net-zero goals, along with the challenges of implementing sustainable aviation fuels. Additionally, it contrasts China's post-COVID recovery with the UK's economic struggles, painting a complex picture of global financial dynamics.

Amid a climate of fear in wartime Russia, citizens are increasingly reporting on one another, driven by government rhetoric. This unsettling environment is contrasted with corporate struggles in the U.S., including an anticipated drop in S&P 500 earnings. Additionally, concerns arise around proposed changes in Europe that could affect pharmaceutical investment and access to new drugs, as companies warn of potential impacts on treatment for chronic conditions. Tupperware's financial woes highlight ongoing challenges in the market.

In this discussion, Raya Jalabi, the FT's Middle East correspondent, reveals the dramatic rise of Asma al-Assad, showcasing her transformation from a British banker to a key figure in Syria's socio-political landscape. Jalabi explores how Asma leveraged her circumstances, navigating health struggles and a deepened bond with her husband to gain influence. The conversation uncovers her role in seizing assets from the merchant class and controlling foreign aid distribution, highlighting the intricate power dynamics within the Syrian regime.

Quantum computers aren’t the only form of groundbreaking technology that use quantum physics. Madhumita Murgia hears from Dr. Margot Taylor, neuroscience researcher at The Hospital for Sick Children, who’s using quantum sensors to unpick the mystery of how autism first appears in the brain And we speak to Matthew Brookes, physics professor at Nottingham university in the UK, who helped build the quantum brain scanner she’s using. Plus, John Thornhill speaks to Stuart Woods from Quantum Exponential about the potential for quantum sensors to change our understanding of the world around us, and to Jack Hidary from Sandbox AQ about how sensors and communications networks might fit into a wider quantum technology ecosystem.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. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Special thanks to The Hospital for Sick ChildrenWe'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.

Ukraine is gearing up for a counteroffensive in Crimea, with hope for renewed talks with Russia if successful. Amidst this, the public remains resolute against any territorial concessions, reflecting a strong national sentiment. On a different note, companies are seeing a rise in 'boomerang CEOs' returning to lead during crises, raising questions about succession planning. Plus, brands continue to invest in TikTok, despite looming threats of a U.S. ban, highlighting the platform's enduring appeal in marketing.

Donald Trump made history by pleading not guilty to 34 felony charges, marking a significant moment for a former president. Meanwhile, Credit Suisse faced a tumultuous farewell at its last shareholder meeting, where the chair expressed deep apologies. HSBC’s acquisition of Silicon Valley Bank’s UK business stirred up outrage from investors in Hong Kong, questioning the bank's priorities and due diligence. The episode captures the heat of legal turmoil and financial upheaval in the banking world.

The European Commission urges China to help mediate peace in Ukraine, highlighting shifting international relationships. EY faces a two-year ban from new audit clients in Germany due to the Wirecard scandal. A new plagiarism detection tool is set to be launched, but educators express skepticism about its effectiveness. Additionally, the dangers faced by journalists in Russia are discussed, particularly in light of the detention of a Wall Street Journal reporter, raising concerns about press freedoms globally.

Former President Trump is set to turn himself in to New York prosecutors, stirring discussion on the impact this could have on his re-election bid. The podcast also dives into major legal challenges he faces, including serious charges related to election tampering. Meanwhile, OPEC+ surprises the market with significant oil production cuts, and China, under Xi Jinping, adopts a more aggressive global stance. These topics intertwine to paint a picture of today's intricate geopolitical landscape.