FT News Briefing

China is ramping up its tech game, teaming up with giants like Alibaba and Tencent to overcome U.S. chip sanctions. Meanwhile, the Federal Reserve is in hot water, grappling with conflicting opinions on interest rate hikes. The podcast delves into the rise of collateralized fund obligations in private equity, stirring up concerns of a repeat financial crisis. These investment products carry inherent risks and lack clear regulatory oversight, leaving investors in a fog about safety and risk.

Europe is grappling with a record influx of Russian gas while Rolls-Royce makes waves with its hydrogen-powered aircraft engine. Meanwhile, widespread protests in China reveal a rare coalition of voices united against the zero-Covid policy. These demonstrations demonstrate deep-seated frustrations, driven by economic hardship and a demand for political change, marking a significant moment in China’s socio-political landscape. This convergence of energy and activism sets an intriguing stage for global developments.

Martin Wolf, Chief Economics Commentator at the Financial Times, delves into the escalating zero-Covid protests in China, highlighting a rare coalition of interests uniting demonstrators nationwide. He discusses the simmering tensions of globalization, emphasizing how the protests reflect broader dissatisfaction with government policies. Additionally, Wolf examines the EU’s ongoing refugee crisis and the reluctant stance of Iranian businesses to engage in protests, showcasing the complex interplay of economic survival and political activism.

Martin Wolf, the Chief Economics Commentator at the Financial Times, explores the profound challenges facing globalization today. He discusses how geopolitical tensions, like the U.S.-China trade war and the Ukraine conflict, are prompting nations to prioritize self-sufficiency. Wolf emphasizes the delicate balance between globalization and international cooperation, noting that while protectionism is on the rise, history suggests that stability could catalyze a new era of global trade. His insights delve into the risks of deglobalization and the future of economic interdependence.

Mortgage rates in the UK have finally dipped below 6%, signaling a potential stabilization. Meanwhile, US retailers brace for the first revenue drop since the global financial crisis this holiday season. In Qatar, the pressure mounts as they prepare for the World Cup, facing scrutiny over infrastructure and cultural issues. The event is also seen as a pivotal moment for Qatar's economic diversification strategy, especially after Saudi Arabia's surprising victory over Argentina, which has added to the excitement.

Austria’s central bank chief pushes for a significant interest rate rise as inflation looms large. Meanwhile, Disney sees a dramatic leadership change with Bob Iger's return after Bob Chapek's tumultuous reign. This shift raises questions about the future direction of the entertainment giant. On a different note, oil prices are experiencing volatility amid geopolitical tensions, while UK bacon demand is making a comeback, signaling a shift in consumer appetites.

A shocking report reveals major investment firms linked to companies accused of Uyghur repression. In Lebanon, households are rapidly adopting solar energy to counter crippling power shortages. Meanwhile, the U.S. Treasury bond market shows signs of distress, with declining liquidity and rising volatility posing significant risks. Experts debate potential regulatory changes, all while drawing parallels to market upheavals seen in 2020.

The world’s largest cryptocurrency fund finds itself in a storm as the market faces turmoil. Meanwhile, the UK Chancellor unveils a £55 billion fiscal squeeze, raising concerns about the impact on vulnerable groups and public services. Negotiators at COP27 rush to secure climate agreements, focusing on financial support for developing nations grappling with extreme weather events. The debate over loss and damage intensifies, revealing a growing public outcry over the economic landscape.

The UK Chancellor is poised to reveal a drastic economic plan featuring tax hikes and spending cuts. Meanwhile, the crypto world is in chaos as Genesis Trading halts withdrawals, reigniting concerns after the FTX debacle. On another front, Iraq is embroiled in a staggering $2.5 billion corruption scandal, igniting public outrage and highlighting deep political entanglements. This episode weaves together the threads of financial instability, political corruption, and the vulnerabilities of the crypto market.

New tech regulations are shaking up Europe's digital landscape, putting Twitter on a collision course with regulators. The impact of the ongoing conflict in Ukraine highlights the resilience of Ukrainian businesses amidst Russian air raids. Meanwhile, the Japanese yen is making a comeback from record lows, signaling a shift in economic dynamics. Plus, discover a new digital crossword app for puzzle enthusiasts and catch the latest deals on technology and sustainable fashion.