American retailers are rushing to secure inventory ahead of the year end holiday season, US financial authorities are preparing to take a more active role in regulating the $1.5tn cryptocurrency market, and Russia released $500m in credit to Belarus as western countries target Minsk with sanctions. Plus, the FT’s Unhedged columnist Robert Armstrong explains why he thinks bitcoin might be better thought of as an equity call option than a currency. US retailers rush to secure holiday season stockhttps://www.ft.com/content/3a7c02ba-89b0-45d1-8f02-d5eb3c002848Russia releases $500m loan to Belarus as west imposes sanctionshttps://www.ft.com/content/5953320d-c342-457a-af40-50424d159ffdUS regulators signal bigger role in cryptocurrencies markethttps://www.ft.com/content/a2c13ce0-6e66-4751-aa65-6c668d303101?Bitcoin as a call optionhttps://www.ft.com/content/ed884387-73a3-4e5a-b1db-8f122cd54887Nestlé document says majority of its food portfolio is unhealthy https://www.ft.com/content/4c98d410-38b1-4be8-95b2-d029e054f492? Hosted on Acast. See acast.com/privacy for more information.

 The market for special purpose acquisition companies has become an unexpected casualty of the Archegos Capital Management scandal, and the activist investors who won a stunning proxy battle against ExxonMobil this week said the supermajor would need to cut oil production. Plus, the FT’s markets editor, Katie Market, explains why European stocks are rallying while US equities lose some steam.  Archegos fallout hits market for blank cheque companieshttps://www.ft.com/content/ee15fbca-8ef7-4b6f-bb87-30378805dd29Hedge fund that beat ExxonMobil says it will have to cut oil outputhttps://www.ft.com/content/52645b30-c378-49e3-8609-4f537284889aInvestors bet eurozone stock rally will gather steam as economy reboundshttps://www.ft.com/content/159bbd29-7bb7-448f-9603-c42a57c90ea3? Hosted on Acast. See acast.com/privacy for more information.

Tesla is set to pay for chips in advance to overcome the global chip shortage, and Amazon locks in its $8.45bn acquisition of MGM. Plus, the FT’s US energy editor, Derek Brower, explains what a court case against Royal Dutch Shell and a historic proxy vote at ExxonMobil means for the oil industry and the environment.  Climate activists hail breakthrough victories over Exxon and Shell https://www.ft.com/content/fa9946b9-371b-46ff-b127-05849a1de2da?Amazon-MGM: Will MGM be Amazon’s ticket to the big leagues?https://www.ft.com/content/97d2edb8-355c-4af0-9f00-8b0a65d818f1Tesla set to pay for chips in advance in bid to overcome shortagehttps://www.ft.com/content/49459668-7eab-4589-8338-059e06b9fd8a?Iran bans bitcoin mining as power cuts grip country https://www.ft.com/content/be0c8a04-9a58-4926-83f3-b99141c4f721? Hosted on Acast. See acast.com/privacy for more information.

England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus, the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets. England’s NHS plans to share patient records with third partieshttps://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748?US companies amass political funding cash pile after Capitol riothttps://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631Climate change: oil producers face costly transitionshttps://www.ft.com/editor/27b4b7f1-9b08-4406-8119-03a73fb6ce19?Cost of breakfast up by a third since start of pandemic https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d Hosted on Acast. See acast.com/privacy for more information.

Deutsche Bank is relocating 100 bankers from London to offices in the EU and Asia as Germany’s largest lender accelerates a corporate restructuring following Brexit, and France’s President, Emmanuel Macron, is caught between financial prudence and political reality as the French economy recovers with a presidential election looming on the horizon. And the US economy is recovering but unemployment among Black Americans is still much higher compared to other communities.  Deutsche accelerates overhaul of corporate bank after Brexithttps://www.ft.com/content/891b2482-e15e-4c2f-8e51-9a4271599dc0Macron weighs economics versus politics in French reopeninghttps://www.ft.com/content/5fea422b-15a0-48a3-8a52-0113ece7db17Economic reform crucial to improving the lives of black Americanshttps://www.ft.com/content/377a163d-fdbf-4f11-bb4a-e26465f8c2aaEuropean groups pump money into Swedish ‘green steel’ start-up https://www.ft.com/content/ee91775f-0310-4e1b-b162-ffdf6e066757? Hosted on Acast. See acast.com/privacy for more information.

Today is the final day of the courtroom battle between Apple and Fortnite developer Epic games, which has accused Apple of abusing its position by forcing developers to distribute apps exclusively through the App Store. ExxonMobil faces a pivotal moment this week as shareholders have their say on what critics call an inadequate response to seismic shifts brought on by climate change. The chief executive of AstraZeneca, Pascal Soriot, insists that his company’s Covid-19 has a future, and for the first time, the European bloc is allowed to arm governments in conflict zones, with money from a new €5bn fund known as the European Peace Facility. Tim Cook grilled over App Store fees as Epic battle reaches climax https://www.ft.com/content/86f8fa47-9a38-496a-9a34-e2fa58e9db2bExxonMobile climate battle reaches boardroom this week https://www.ft.com/content/1ce31524-3c21-4978-b6b8-2e6a13f50288?AstraZeneca chief says ‘vaccine has a future’ after setbackshttps://www.ft.com/content/02c543e0-45a6-4189-94cf-30a5c3d5499d“We need arms:’ Europe’s risky move to project its influence in conflict zoneshttps://www.ft.com/content/dd29eb4d-1fc0-4123-ada1-290c4c63d966? Hosted on Acast. See acast.com/privacy for more information.

Israel and Hamas have agreed to a ceasefire that would end an 11-day conflict that has claimed the lives of at least 230 Palestinians and 12 Israelis. And WeWork’s losses almost quadrupled to $2.1bn in the first quarter of this year as the co-working company haemorrhaged more than a quarter of its members and shelled out hundreds of millions of dollars to restructure its property portfolio, and the FT’s Rob Armstrong talks about quantitative easing and stock prices. Israel and Hamas agree a ceasefire after 11 days of fightinghttps://www.ft.com/content/8aa0bee9-85e7-4cdf-82d5-e23475312f1cWeWork loses $2.1bn and a quarter of its members as lockdowns bitehttps://www.ft.com/content/60ea2f72-586f-4f3e-b153-3455b93539b8Rob Armstrong Unhedged: QE and stock prices https://www.ft.com/content/2db4a985-e053-4322-91b3-6c9793fd1c6c Hosted on Acast. See acast.com/privacy for more information.

US companies have urged South Korea’s president to free Samsung’s jailed chairman and argue the billionaire executive could boost American efforts to shake off the country’s dependence on computer chips produced overseas. Swedish oat milk producer Oatly raised $1.4bn in its initial public offering on Wednesday,Plus, the FT’s Trading Room editor, Philip Stafford, explains how a warning from Chinese regulators led to a chaotic day for cryptocurrency traders.US companies lobby South Korea to free jailed Samsung bosshttps://www.ft.com/content/26d77bfe-b55a-4edb-bc57-7370b6c6a670?Entrepreneur behind Oatly’s rapid expansion faces US market testhttps://www.ft.com/content/e37d6985-5c48-46f4-8b02-a67c1a6dfd01Bitcoin gyrates on fears of regulatory crackdownhttps://www.ft.com/content/c4c29bb3-c8ee-454c-a2dd-eac9f644007fJapanese pensioners with US stimulus cheques descend on Tokyo banks https://www.ft.com/content/102e0104-ca6f-4d59-be1b-90860426d5a5? Hosted on Acast. See acast.com/privacy for more information.

JPMorgan Chase has shuffled several top executives, and has elevated two women who could be successors to chief executive Jaime Dimon, and the eurozone economy looks like it is recovering from the coronavirus pandemic. Plus, the FT’s Greater China correspondent, Kathrin Hille, explains why the world’s largest contract electronics maker, Foxconn, plans to be more integral to the auto industry.JPMorgan elevates potential successors to Jamie Dimonhttps://www.ft.com/content/9e31d7a7-4911-493b-919d-31e04d756438Eurozone shows signs of bouncing back from double-dip recessionhttps://www.ft.com/content/c5de006b-6bdf-493d-a9bc-2f6a1871ba66?Foxconn the carmaker? Disruption in the era of electric vehicleshttps://www.ft.com/content/b229250d-5d9e-4bb1-bb91-e57888233a98 Hosted on Acast. See acast.com/privacy for more information.

US President Joe Biden yesterday expressed support for a Israel-Gaza ceasefire in a call with Israel’s Prime Minister Netanyahu, and today EU foreign ministers will meet to discuss the conflict, and a biotech company developing medicines that mimic the painkilling effects of cannabis is set to list in London this week. Plus, the FT’s South China correspondent, Primrose Riordan, explains why activists are calling BlackRock “inconsistent” in its ESG commitments. Biden backs ceasefire in Israel-Palestinian conflicthttps://www.ft.com/content/d388d8b4-94ce-49d1-b8ab-df171286fdadEuropeans hamstrung by rifts on Gaza conflicthttps://www.ft.com/content/6c42bcb1-7013-4b74-8526-35ef7fae6f5d?Start-up focused on painkilling effects of cannabis to list in Londonhttps://www.ft.com/content/2952b9c9-f14a-4300-b1ac-d6c6bf5f8c8f?BlackRock accused of ESG inconsistency over Indonesia palm oilhttps://www.ft.com/content/479b9dd2-c738-4310-8b1e-afdfbd3921b0 Hosted on Acast. See acast.com/privacy for more information.