The UK’s financial watchdog has ordered crypto exchange Binance to stop all regulated activities in Britain, and Denmark’s media industry is pioneering a new bargaining tactic to try and make Google and Facebook pay for news. Plus, the FT’s Andrew Edgecliffe-Johnson reports that some US companies blame Amazon’s aggressive hiring practices for the current labor shortage. Financial watchdog bans crypto exchange Binance from UKhttps://www.ft.com/content/8bc0e5e0-2705-496d-a265-acccaffaee87Danish media club together to make US tech giants pay for newshttps://www.ft.com/content/c83d6b7f-ed19-4a90-a719-3bf4aedccdff?Amazon effect’ sets the tone for US workers’ remunerationhttps://www.ft.com/content/9e8b9727-7955-44c4-955a-73375a7a20efUBS to let most staff mix working from home and office permanentlyhttps://www.ft.com/content/1601e314-6d6d-4014-94df-f2858ee64e8e? Hosted on Acast. See acast.com/privacy for more information.

US President Joe Biden has secured a deal on an infrastructure package worth about $1tn to spend on upgrading roads, bridges and broadband networks over the next eight years, and the US Federal Reserve loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and still easily meet capital requirements, and the price of bitcoin briefly dropped below $30,000 in volatile trading after a sweeping regulatory crackdown. Biden agrees slimmed-down $1tn infrastructure deal with senatorshttps://www.ft.com/content/b262ed46-152d-42bd-9a6d-b70d679bb282?Fed gives passing grade to biggest US banks in stress tests https://wwwk.ft.com/content/78f53986-fefa-4208-b4ea-674052a9ca3fBitcoin sinks below $30,000 for first time since January:https://www.ft.com/content/a53a6342-f1e3-4cfe-aab0-642434da428cAndreessen Horowitz increases crypto bets with new $2.2bn fundhttps://www.ft.com/content/36413e3e-7915-45c7-b4ce-ccbeac972c94? Hosted on Acast. See acast.com/privacy for more information.

Read a transcript of this episode on FT.comhttps://www.ft.com/content/eb36b605-47d9-465a-91f8-d47a4af45faeTech groups in Taiwan are accused of locking up migrant workers as coronavirus hits the sector, and the rapid rise in prices for raw materials has reversed a decades-long decline in the cost of solar energy. Plus, our global finance correspondent, Robin Wigglesworth, explains how financial memefication is evolving from a niche corner to grow deep roots in stock marketsTech groups in Taiwan accused of locking up migrant workershttps://www.ft.com/content/4269650e-7660-4b80-b294-f81b4368784cSolar power investors burnt by rise in raw materials costshttps://www.ft.com/content/2f8dd951-a1b1-410a-89dd-14728c56235dHow meme lords fuelled a boom in the ‘stonk market’https://www.ft.com/content/e3304649-7348-424e-b354-e8da1c819364 Hosted on Acast. See acast.com/privacy for more information.

House prices have set records in the US and parts of Europe, and the artificial intelligence-based drug-discovery platform Insilico has raised more than $255m from investors. Plus, the deputy head of the FT’s Lex column, Elaine Moore, explains why Instagram is struggling to stay relevant in today's social media landscape. House prices climb to record levels in US and Europehttps://www.ft.com/content/3082fe00-cdb7-4eb9-ab2d-2309b9848114AI drug discovery start-up Insilico raises more than $255m https://www.ft.com/content/704ced9a-dffd-49a1-a58f-46fc6dca0cd2Too many influencers, not enough eyeballs: will boredom kill Instagram? https://www.ft.com/content/9c00219a-229a-4b82-a7c3-63000b558053More than 5m people become millionaires despite pandemic https://www.ft.com/content/86b99144-ba71-441d-b297-ddcdc94ea7f2? Hosted on Acast. See acast.com/privacy for more information.

The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association. US medicines watchdog accused of cozy ties with Big Pharmahttps://www.ft.com/content/4013ea99-0413-40f5-b93c-f3de001ccf12?Covid outbreak at Chinese port exacerbates global supply chain delayshttps://www.ft.com/content/c3c55dca-2ee7-488a-ad68-9286822b881c?Olympic venues to cap number of spectators at 10,000https://www.ft.com/content/eafb2809-2103-4d6e-97d7-da760095718aStudent athletes win US Supreme Court showdown against NCAAhttps://www.ft.com/content/9c00913e-afe8-4dc8-8881-38d93d713d49? Hosted on Acast. See acast.com/privacy for more information.

Reflation trade has been pummelled after the Federal Reserve unexpectedly signalled a shift in its stance on inflation, and, European Central Bank executive Fabio Panetta says the introduction of a digital euro would boost consumers’ privacy. Plus, the FT’s innovation editor, John Thornhill, talks about the new season of the Tech Tonic podcast and its main focus, artificial intelligence. Reflation trades pummelled as Fed shift resets marketshttps://www.ft.com/content/2fa0c907-f597-49b2-a08d-35249d1d5a9fDigital euro will protect consumer privacy, ECB executive pledgeshttps://www.ft.com/content/e59e5d61-043a-4293-8692-f8267e5984c2?Tech Tonic Season 2https://www.ft.com/tech-tonicToday's Clubhouse discussion on artificial intelligence https://www.clubhouse.com/join/FinancialTimes/MLICXXgQ/PAwJ017M Hosted on Acast. See acast.com/privacy for more information.

The premium above super-safe US Treasuries that investors demand to buy risky corporate debt has dropped to its lowest level in more than a decade, and tensions between Hong Kong and Taiwan threaten one of the region’s most important trade and investment relationships. Plus, the FT’s race and equalities correspondent, Taylor Nicole Rogers, explains why some black Americans take a dim view of America’s newfound embrace of the Juneteenth holiday. Bond spreads collapse as investors rush into risky corporate debthttps://wwww.ft.com/content/ed39b06a-a9e1-4e6c-9fa1-f386d06d6410?Hong Kong-Taiwan spat threatens cross-Strait businesshttps://www.ft.com/content/7e3845c2-7fc7-4199-8fc2-8c7cc66111abCompanies’ embrace of Juneteenth holiday rings hollow to somehttps://www.ft.com/content/512973a1-0adf-4f6b-91f5-e2fc33a6bb3eRonaldo’s Coke moment signals shifting balance of power in sporthttps://www.ft.com/content/e11ec659-d386-47f5-b284-c6951fa45870 Hosted on Acast. See acast.com/privacy for more information.

Federal Reserve officials expect to start raising US interest rates in 2023, Toshiba’s latest corporate crisis is a scandal over efforts to thwart activist shareholders, and the appointment of 32-year-old Big Tech critic, Lina Khan, as chair of the US Federal Trade Commission signals tougher antitrust enforcement. Fed signals first rate rise will come in 2023https://www.ft.com/content/0bf83e29-5ee2-415e-9e03-0edb38218bf3Big Tech critic Lina Khan to lead US competition regulatorhttps://www.ft.com/content/bee1b959-b2aa-4ee1-8391-d5b5832ededdToshiba board’s chair rebuffs calls to quit over governance scandalhttps://www.ft.com/content/e4535a1a-f55b-4713-b6cc-f7dccce64f77Podcaster turned tech investor raises $140m fundhttps://www.ft.com/editor/eac67acc-6b52-4479-90bf-eeae3efe0041? Hosted on Acast. See acast.com/privacy for more information.

The Tokyo Olympic Games will need a public bailout of about $800m if spectators are banned, and the end of the interminable EU and US struggle over aircraft subsidies marks a major truce in what seemed an intractable trade conflict. Plus, the FT’s global technology correspondent, Tim Bradshaw, spoke to world wide web founder Tim Berners-Lee about his decision to auction off the original source code as digital art. Tokyo Olympics will need bailout if games go ahead without spectatorshttps://www.ft.com/3cd58c64-039e-4147-a744-af676de1691d?Airbus/Boeing deal explained: what is in it and what happens nexthttps://www.ft.com/content/1e04dfe1-9651-4b9e-90d9-fdbd82b45253Web inventor Berners-Lee to auction original code as NFThttps://www.ft.com/content/a77ad1bf-fae0-478b-aa05-a07790314ebc? Hosted on Acast. See acast.com/privacy for more information.

The world’s longest undersea electric cable, between the UK and Norway, is set to be switched on this week, the US Federal Reserve could begin discussions this week about shrinking its $120bn monthly asset purchase scheme, and Nato leaders issue a warning about China’s military ambitions. Plus, the FT’s Europe editor, Ben Hall, previews US president Joe Biden’s first meeting with Russian president Vladimir Putin. UK and Norway complete world’s longest subsea electricity cable https://www.ft.com/content/399c1c37-3f7a-4770-af13-66741df01135?Fed to discuss slowing stimulus as recovery strengthenhttps://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127Nato warns China’s military ambitions threaten international orderhttps://www.ft.com/content/f454033a-9975-4efd-92eb-9cf63306af7f?Biden, Putin and the new era of information warfarehttps://www.ft.com/content/51fc3b07-78a5-4461-823c-c9d22baeb063?Morgan Stanley chief urges employees to return to office https://www.ft.com/content/ffd6033f-e8fc-4289-85b2-42bc4ddddd16? Hosted on Acast. See acast.com/privacy for more information.