Israel’s parliament has voted in a new government, ending rightwing stalwart and five-time premier Benjamin Netanyahu’s 12-year grip on power, South Korean shipbuilders and sea freight companies will seek to raise billions of dollars via stock market listings in the second half of 2021 as the industries enjoy a global trade rebound, leaders of the G7 countries back a western rival to China’s Belt and Road Initiative to help developing countries tackle climate change. Plus, the FT’s global China editor, James Kynge, reports on how China’s smart city surveillance technology is being used around the world, and the growing backlash. End of era in Israel as Netanyahu is oustedhttps://www.ft.com/content/f0824e22-2e42-4d80-b0fa-574c6b12b9ddG7 set to agree ‘green belt and road’ plan to counter China’s influencehttps://www.ft.com/content/f33b43e6-0cea-486b-a3cf-628a31c09693Exporting Chinese surveillance: the security risks of ‘smart cities’https://www.ft.com/content/76fdac7c-7076-47a4-bcb0-7e75af0aadabKorean shippers to raise billions of dollars as global trade reboundshttps://www.ft.com/content/eab4b7b5-7590-477f-bd7e-e919501a54b4 Hosted on Acast. See acast.com/privacy for more information.

Leaders of the G7 economies convening in the UK will announce a pledge to provide 1bn coronavirus doses to poorer countries as part of plan to “vaccinate the world” by the end of 2022, US government bonds shrug off leap in inflation, global regulators are calling for cryptocurrencies to carry the toughest bank capital rules of any asset, and iconic British department store group Selfridges has been put up for sale with an estimated £4bn price tag after receiving an approach from a potential buyer.G7 leaders to pledge to donate 1bn Covid 19 doses to poorer countrieshttps://www.ft.com/content/000e6968-8ae4-4f00-9cb5-324b98aa779bUS bond rally eases pressure on emerging market hedge fundshttps://www.ft.com/content/c1058fd7-47cf-4bcc-9d8c-d5bf8887c715Global banking regulator urges toughest capital rules for cryptohttps://www.ft.com/content/3fe7be31-179a-47dd-9a61-8f4ea42b9c62?Selfridges up for sale with £4bn price taghttps://www.ft.com/content/134c756c-e220-44ec-a82c-afc0099bf9b1 Hosted on Acast. See acast.com/privacy for more information.

Today’s report on US consumer prices is expected to show that prices further accelerated in May, US president Joe Biden will use this week’s G7 summit to encourage allies to join Washington’s tougher stance towards Beijing, and Olympic sponsors worry if being associated with the games will damage their brand. Plus, the FT’s Eva Szalay interviews a market insider who says popular trading platforms that offer “zero commission” trades are not being entirely honest with customers. Will hot US inflation data unsettle markets?https://www.ft.com/content/7377a5d6-73e8-442e-96e8-ea2535286c08Joe Biden rallies allies to take tougher stance on Chinahttps://www.ft.com/content/203d664a-c834-48d7-805d-c49d44aa2a9aJapanese sponsors think twice about being associated with Tokyo Olympicshttps://www.ft.com/content/2e8b9ce5-95e0-4114-884b-f05de926ccdeRetail trading frenzy reflects ‘broken’ US equity markets, says XTX’s Gerkohttps://www.ft.com/content/d813fe90-29ba-4c98-ac57-c2919a7970b1Sign up for today’s Future of News event here: https://futurenews.live.ft.com/ Hosted on Acast. See acast.com/privacy for more information.

Joe Biden’s plan to overhaul the international tax system will face a difficult passage through the US Congress as Republicans threaten to vote down a prospective deal, and millions of internet users lost access to major sites yesterday due to a configuration error at a Silicon Valley internet infrastructure provider, Fastly. Plus, more than 800 people around the world have been arrested in a coordinated police sting that lured drug dealers, mafia members and other criminals onto an encrypted communications platform secretly run by the FBI. Cloud glitch brings down thousands of websitesft.com/content/0d5b9430-750b-44b7-b238-6e2160c3c591Hundreds arrested worldwide in Trojan Shield organised crime stinghttps://www.ft.com/content/47c271c1-0be3-4a5c-9ca6-b231ed0f7fef?Indian tycoons surpass Chinese tech moguls in global rich listhttps://www.ft.com/content/2026fa04-fc22-4e20-ad0e-3d76a1ddf028? Hosted on Acast. See acast.com/privacy for more information.

US officials say they have recovered $2.3m worth of ransom payments made to hackers who shut down the Colonial pipeline last month, investors pile into Biogen after the US Food and Drug Administration approves the company’s Alzheimer’s treatment, and Mexico’s president Andrés Manuel López Obrador loses his congressional supermajority. Plus, the FT’s Gulf correspondent, Simeon Kerr, explains why Abu Dhabi is shifting away from oil and investing more into arts, media and culture. US says it has recovered majority of Colonial pipeline ransomhttps://www.ft.com/content/43dab2dc-a7aa-4102-9779-d1b6ced2985bAlzheimer’s drug from Biogen wins US approvalhttps://www.ft.com/content/6f48610b-ec86-4deb-a89c-fc0a0f332bb0Mexico’s president loses congressional supermajority in electionshttps://www.ft.com/content/36e737a9-ae48-4ff8-8e6c-88f54344b372Abu Dhabi plans $6bn culture spend to diversify from oilhttps://www.ft.com/content/c0ae0344-280b-40f0-a67f-7edc24033caf?Jeff Bezos to go to space after stepping down at Amazonhttps://www.ft.com/content/defbe912-ceb9-4017-a215-16d214484597 Hosted on Acast. See acast.com/privacy for more information.

One of the world’s largest electronics contract manufacturers warns the global chip shortage could last until mid-2022, the G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals, and China is taking measures to cool the renminbi rally. Plus, the FT’s venture capital reporter, Miles Kruppa, talks about cryptocurrency startups that aim to disrupt and decentralise finance. Chip shortage to last until at least mid-2022, warns manufacturerhttps://www.ft.com/content/04858089-fbe7-44f1-b096-8e705c664f8e?G7 strikes historic agreement on taxing multinationalshttps://www.ft.com/content/a308bbff-5926-47a1-9202-6263e667511eChina boosts measures to cool renminbi rallyhttps://www.ft.com/content/4ab2d4a7-4a73-4d39-bfba-f97dd91de54bSilicon Valley bets on crypto projects to disrupt financehttps://www.ft.com/content/0f179c8d-aa60-41d4-96d7-5d53e78c3514 Hosted on Acast. See acast.com/privacy for more information.

The Biden administration is banning Americans from investing in dozens of Chinese defence and surveillance technology companies, and US job creation is expected to have accelerated sharply in May which could signal an easing of labour shortages. Plus, the FT’s economics editor, Chris Giles, examines whether this current rise in prices is temporary, or whether inflation is back for an extended stay.Washington to bar US investors from 59 Chinese companieshttps://www.ft.com/content/91e6fb2a-6385-49b3-83aa-8044374805c4Economists see accelerating US job growth in May payrolls datahttps://www.ft.com/content/f38da494-2d09-4d8e-b39f-c531ee48ef3a?FT Series Inflation: a new era?https://www.ft.com/content/b6dfb1dc-eb86-4bad-87b0-d800b79195d3United hopes to revive supersonic era almost 20 years after Concordehttps://www.ft.com/content/903b47e9-86b3-4e68-a5e4-414b142cc7b0 Hosted on Acast. See acast.com/privacy for more information.

A wave of high-profile ransomware assaults over the past two months has convulsed the insurance market, US cinema chain AMC is offering popcorn to its retail investor base and its share price surged so fast trading was briefly halted, and the FT’s sports business correspondent Sara Germano talks about covering Naomi Osaka’s pushback on media coverage.  Cyber insurers recoil as ransomware attacks ‘skyrocket’ https://www.ft.com/content/4f91c4e7-973b-4c1a-91c2-7742c3aa9922?Cinema chain AMC surges after luring DIY traders with free popcorn https://www.ft.com/content/2cc442a9-28da-4bcd-88a2-fda1404f0ef6Naomi Osaka shows a shift in sport’s balance of powerhttps://www.ft.com/content/7a380a76-9bd7-4d8e-8cc9-5544c6f51b68Making chocolate can give Ghana a taste of prosperity https://www.ft.com/content/dbd20f9f-b9f7-4bf4-86dd-1a8c84069f01? Hosted on Acast. See acast.com/privacy for more information.

Former Apollo Global Management chief executive, Leon Black, has been hit with a lawsuit claiming that he raped and harassed a young Russian model, Opec and its allies caused oil markets to jump by sticking with their plan to only gradually release more barrels into the oil market, and Germany’s Green Party is struggling to maintain momentum as a September election approaches. Plus, Djibouti is one of Africa’s fastest growing economies. The FT’s east and central Africa correspondent, Andres Schipani, explains what is happening there.Ex-Apollo CEO Leon Black raped and harassed Russian model, lawsuit allegeshttps://www.ft.com/content/72244917-3208-43ab-b076-513c9fc058eeOil prices rally as Opec+ producers agree slow supply increasehttps://www.ft.com/content/e74a09b0-9ce3-46f0-95b9-5fa7f0792dceGermany’s Greens lose their lustre as election heats uphttps://www.ft.com/content/5c477906-c15c-4de9-bcf7-6cdbe5eb413d?Djibouti’s port dream to become the ‘Singapore of Africa’https://www.ft.com/content/15aefce3-2e6b-4e1a-b480-bfc066f7d8dd Hosted on Acast. See acast.com/privacy for more information.

The surge in pet ownership during the pandemic has helped propel the group behind pet insurer Bought By Many to a valuation of more than $2bn, and a director at the company behind the video game Final Fantasy says 5G could disrupt the reign of the console. Plus, the FT’s greater China correspondent, Kathrin Hille, tells us how Taiwan is dealing with the latest wave of Covid-19 and how it’s affecting chipmakers  Lockdown pet boom helps insurer to $2bn valuationhttps://www.ft.com/content/019cce7c-21e7-462c-b8ab-573a35218d7a‘Final Fantasy’ producer says 5G will end games console’s long reignhttps://www.ft.com/content/0fa963d8-1de8-4390-b3db-8e9908510605Taiwan imposes strict social curbs to stem its worst Covid outbreakhttps://www.ft.com/content/85604b0b-e7aa-4e26-a547-b3d27b262e6bCovid-stricken Brazil to host Copa America football tournamenthttps://www.ft.com/content/c3658bcf-695b-4e3e-9625-41b170e8248c Hosted on Acast. See acast.com/privacy for more information.