As cryptocurrencies have grown in popularity and people use cash less and less, central banks have been put on the defensive. Their solution to stay relevant and maintain control? A central bank digital currency. Institutions such as the European Central Bank see it as their way to leap into the digital age. But as the ECB is pushing forward with its agenda, it’s facing criticism from the very people and banks who would help keep it alive. The FT’s Martin Arnold takes a closer look at the digital euro — its promises, pitfalls and why people took to the streets to protest against it earlier this year.   Clips from CNBC, Council on Foreign Relations, Meta, NBC- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:The digital euro: a solution seeking a problem?Central banks’ digital currency plans face public backlashFacebook Libra: the inside story of how the company’s cryptocurrency dream died- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Martin Arnold (@MAmdorsky) and Michela Tindera (@mtindera07)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The London Stock Exchange once held the top spot in global financial markets. In recent years, that’s changed drastically. The FT’s Harriet Agnew and Katie Martin explain how a yacht floating off the Canary Islands 30 years ago played a critical role in changing the stock market. Clips from CBS, Thames News - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Britain’s ‘capitalism without capital’: the pension funds that shun risk ‘There are no domestic equity investors’: why companies are fleeing London’s stock marketWhy Europe’s stock markets are failing to challenge the US- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Harriet Agnew (@HarrietAgnew), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

On the final episode of BTM Night School, we're talking markets: from stocks to bonds to commodities. We're joined by the FT's Markets editor Katie Martin and Ethan Wu, a member of the FT’s Wall Street team. Katie and Ethan unpack why last year was terrible for stocks, what bonds can tell you about inflation, and which market gives us the clearest picture into the “real” economy. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school.- - - - - - - - - - - - - - - - - - - - - - - - - - Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Silicon Valley legend Intel was the semiconductor chip industry’s global leader for decades. Lately it’s fallen behind, just as the US is recognising the importance of chips to economic and national security. Now, Intel is trying to turn itself round. The FT’s Richard Waters explains its plans and the many challenges it will face in order to reclaim that stature. Clip from CNN - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Can Intel become the chip champion the US needs?Can Intel come back? Intel: Chips Act subsidies may impede a return to former glory- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

ESG has become a buzzword within public companies and among asset managers. Central banks and big asset managers such as BlackRock have been championing these standards, asking companies to consider climate change and corporate governance. But ESG is also seeing a backlash. Gillian Tett, founding editor of the Financial Times’ Moral Money newsletter, explains how it is changing the corporate boardroom and how much of an effect the pushback against ESG is having. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app.- - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

When news broke last year that EY was planning to split its businesses, it was seen as a move that could reshape the accounting industry. The bold plan was given an equally grand name, “Project Everest”. But after months of negotiations from within the firm, and despite the support of the global leadership, the plan recently fell apart. FT’s US accounting editor Stephen Foley and accountancy correspondent Michael O’Dwyer explain why that shakeup didn’t happen. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:EY risks paralysis and a power vacuum after break-up failureJulie Boland: the EY leader in the middle of a ‘civil war’EY to cut 3,000 jobs in US to eliminate ‘overcapacity’EY: embarrassing climbdown calls future strategy into question- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Stephen Foley (@stephenfoley) and Michael O’Dwyer (@_MODwyer)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

From the rise of ChatGPT to job cuts at companies such as Meta and Amazon, tech has dominated the headlines in 2023. On this episode of Night School, the Financial Times’ innovation editor, John Thornhill, breaks down the biggest tech stories of the year so far. He tells US managing editor Peter Spiegel how artificial intelligence will revolutionise healthcare, who is winning in the global tech race, and what’s in store for blockchain’s future. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app.- - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school.- - - - - - - - - - - - - - - - - - - - - - - - - -Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week, we’re bringing you something from our fellow podcast, FT Weekend. The show travels to Miami, Florida, to drink some beers, place some bets, and discover how AI is changing the sport of horse racing. FT data journalist Oliver Roeder joins FTW host Lilah Raptopoulos to talk about how the ancient sport is being upended by anonymous computer-assisted bets. These secretive gamblers are injecting billions of dollars into the pools, and aggressively tipping the odds, and it’s putting the whole sport at risk.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:I used AI to bet on horse-racing. Here’s what happenedStake.com: the Aussie gambling minnow that made it big on crypto How English football became hooked on gambling- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Oliver Roeder (@ollie) and Lilah Raptopoulos (@lilahrap)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Inflation remains stubbornly high in the US. In this week’s episode of BTM: Night School, US managing editor Peter Spiegel talks to US economics editor Colby Smith about how we got here and what the Federal Reserve can do to tamp down inflation. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school.- - - - - - - - - - - - - - - - - - - - - - - - - -  Hosted on Acast. See acast.com/privacy for more information.

Apple has spent two decades and billions of dollars building a massive supply chain for its products. At the centre of that operation is China. But as Beijing has become more authoritarian and relations with the US sour, it has become harder for Apple to do business there. The company has been signalling recently that it will diversify away from the country, but the FT’s Patrick McGee tells Michela why cutting ties will be extremely difficult.  Clips from Fox News, CGTN, Yahoo, ABC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How Apple tied its fortunes to ChinaWhat it would take for Apple to disentangle itself from ChinaTim Cook praises Apple’s ‘symbiotic’ relationship with ChinaApple and Foxconn win labour reforms to advance Indian production plans- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Patrick McGee (@PatrickMcGee_) and Michela Tindera (@mtindera07)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.