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  • Today, we're bringing you the first episode from the new season of Hot Money. On Hot Money: Agent of Chaos, reporter Sam Jones investigates Wirecard’s chief operating officer — who vanished just as the high flying German fintech collapsed. It turned out he was a Russian spy. From an Ibizan sting operation to an attempted takeover of the Austrian intelligence service, Jones’ reporting spirals into a world of warlords, espionage and disinformation. All in an attempt to answer two questions: who is the real Jan Marsalek? And what does his secret life reveal about the powerful forces he serves?  


    Get ad-free access to the entire season of Hot Money: Agent of Chaos by subscribing to Pushkin+ on Apple Podcasts or Pushkin.fm. Access ad-free episodes, exclusive binges, full audiobooks, and bonus content for all Pushkin shows with Pushkin+.


    Subscribe on Apple: apple.co/pushkin


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  • Israel has launched a strike against Iran, Argentina’s month-on-month inflation rate has fallen below 2 per cent, and Italian, Spanish and Greek sovereign bonds have rallied. Plus, investigators in India are looking into a fatal Boeing 787 crash and the US dollar sank to a three-year low. 


    Mentioned in this podcast:

    Israel strikes Iran and braces for retaliation

    Dollar sinks to three-year low on Trump tariff threat

    Italy, Greece and Spain emerge as winners in bond market anxiety

    More than 240 dead after Air India flight to London crashes

    Milei brings Argentina’s monthly inflation below 2% for first time since 2020

    Subscribe to the Unhedged newsletter


    Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Fiona Symon, Henry Larson, and Marc Filippino. Additional help from Eli Meixler, Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

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  • The Pentagon has launched a review of the 2021 Aukus submarine deal with the UK and Australia, Donald Trump has said the US and China’s deal to restore their trade war truce is “done”, and US inflation rose less than expected to 2.4 per cent in May. Plus, European governments are braced for high-stakes negotiations with Trump that will put the continent’s defence, economy and security on the line. 


    Mentioned in this podcast:

    Pentagon launches review of Aukus nuclear submarine deal

    Donald Trump says US-China deal ‘done’ as two sides restore trade war truce

    US inflation rose less than expected to 2.4% in May

    Europe confronts Trump’s triple threat on Ukraine, Nato and trade


    Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • The FT’s George Parker explains the winners and losers in UK chancellor Rachel Reeves’ spending review, the UK imposed the first western sanctions against Israeli government ministers,and Citigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter. Plus, US state and local governments are selling municipal bonds at a record pace on fears that Congress could partially pay for President Donald Trump’s “big, beautiful bill” by cutting a critical tax break. 


    Mentioned in this podcast:

    What to expect in Rachel Reeves’ spending review

    UK sanctions Israeli ministers Smotrich and Ben-Gvir

    Muni bonds set for record sales on fears US Congress could scrap tax break

    Citi to boost provision for potential bad loans on US economic worries


    Today’s FT News Briefing was produced by Sonja Hutson, Mischa Frankl-Duval, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • The head of the operator of the Panama Canal has warned that a $23bn global ports deal could put the waterway’s neutrality mandate at risk, Donald Trump is testing the limits of presidential power by sending troops to Los Angeles, and Warner Bros Discovery will split into two publicly traded companies. Plus, Brazil is hoping to sell its first sovereign debt in the Chinese market to strengthen trade and investment ties.


    Mentioned in this podcast:

    Panama Canal boss warns MSC ports deal threatens principle of neutrality

    Trump administration to deploy hundreds of Marines in Los Angeles

    Donald Trump tests limits of presidential authority by sending troops into Los Angeles

    Warner Bros Discovery to split its TV and streaming businesses

    Brazil plans panda bond as Lula looks to bolster ties with China


    Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Mischa Frankl-Duval and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Syria is preparing to rejoin the international banking system, and Italian Prime Minister Giorgia Meloni’s rightwing government is trying to prevent a change to the country’s citizenship rules. Plus, US junk bond sales are booming ahead of fresh tariff uncertainty, and a German fintech is trying to bring cheap retail investing to Europe.


    Mentioned in this podcast:

    Syria to reconnect to global economy after 14 years as pariah state

    Italy’s vote on who gets to be Italian

    Italy votes on speeding up citizenship for foreigners

    Junk bond sales surge as companies try to beat fresh tariff uncertainty

    BlackRock-backed fintech raises funds to be ‘European Charles Schwab’


    Today’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Jake Fielding, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • US President Donald Trump doubled tariffs on steel to 50 per cent this week. He’s also allowing Japan’s Nippon to buy the US Steel Corporation. The moves are meant to bring back manufacturing to America’s steel industry. But will they? FT senior trade writer Alan Beattie and Zehra Munir, the FT’s industrial reporter, discuss whether Trump can make good on a popular promise. 


    Mentioned in this podcast:

    It’s always steel — tariffs provide Trump with a familiar trade weapon

    Donald Trump’s US Steel gamble: Pennsylvania workers warm to Nippon tie-up

    Sign up for the FT’s Trade Secrets newsletter here

    Sign up for the FT’s Swamp Notes newsletter here

    Credit: The White House YouTube channel


    Swamp Notes is produced by Katya Kumkova, Henry Larson and Lauren Fedor. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • US President Donald Trump and China’s leader Xi Jinping agreed to launch a new round of high-level trade talks, the European Central Bank cut interest rates by a quarter point and Europe is being flooded with steel diverted from the US because of high tariffs. Plus, the FT’s Aanu Adeoye explains how a Russia-backed junta leader in Burkina Faso became an icon across Africa. 


    Mentioned in this podcast:

    Donald Trump and Xi Jinping agree to launch new round of trade talks

    Christine Lagarde signals ECB rate-cutting ‘nearly concluded’

    ‘The cult of Saint Traoré’: how a Russia-backed junta leader became an icon

    EU hit by surge in steel imports as US tariffs divert shipments


    Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson, Fiona Symon, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello and David da Silva. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Apple’s rollout of artificial intelligence services in China with Alibaba is being held up, Wells Fargo faces an uphill battle to catch up with its rivals after asset cap was lifted, and US President Donald Trump says Russian President Vladimir Putin is not ready for “immediate peace” with Ukraine. Plus, the European Commission has finally given Bulgaria the green light to join the Eurozone in 2026.


    Mentioned in this podcast:

    Apple and Alibaba’s AI rollout in China delayed by Trump trade war

    Wells Fargo has finally shed its dunce cap

    Wells Fargo asset cap lifted after ‘fake accounts’ scandal

    Putin planning to retaliate for Ukraine drone attack, says Trump

    Bulgaria to join Eurozone in 2026


    Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Dutch Prime Minister Dick Schoof resigned after far-right leader Geert Wilders walked out of his coalition government, Mexico’s new supreme court is set to solely contain judges nominated by the ruling coalition, and Eurozone inflation fell below the European Central Bank’s 2 per cent target. Plus, the FT’s Akila Quinio explains how the Royal Bank of Scotland was nationalised in the wake of the 2008 financial crisis and then reborn. 


    Mentioned in this podcast:

    Far-right Dutch leader Geert Wilders quits government

    Tiny slice of Mexicans elect supreme court closely tied to ruling party

    Eurozone inflation falls below target to 1.9%

    The RBS story: how the world’s biggest bank was nationalised and then reborn

    South Korean leftwinger Lee Jae-myung wins presidential election


    Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Elon Musk’s xAI is launching a $300mn share sale that values the group at $113bn, and China’s property sector woes are compounded by tariff worries. Plus, Poland’s new president is going to make life hard for the country’s prime minister, and the FT’s Amelia Pollard explains why US president Donald Trump wants to take mortgage giants Fannie Mae and Freddie Mac private. 


    Mentioned in this podcast:

    EU companies more concerned about China slowdown than tariffs

    Donald Trump’s plans for Fannie and Freddie would mean payday for hedge funds

    Nationalist candidate Karol Nawrocki wins knife-edge Poland presidential election

    Elon Musk’s xAI seeks $113bn valuation in $300mn share sale


    Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Fiona Symon, Mischa Frankl-Duval, and Marc Filippino. Additional help from Blake Maples, David da Silva and Gavin Kallmann. Our intern is Michaela Seah. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Private equity dealmaking around the world slowed down in the second quarter of 2025, and South Korea holds elections on Tuesday after months of political instability. Plus, office space construction in the UK has reached a ten-year low, and Wall Street is warning that a little-publicised foreign tax provision in Donald Trump’s budget bill could upend markets. 


    Mentioned in this podcast:

    Trump tariffs cut off recovery in private equity dealmaking

    Leftwing ‘brawler’ on verge of South Korea presidency

    The ‘quiet’ crisis brewing between the US and South Korea

    Foreign tax provision in Trump budget bill spooks Wall Street

    UK office construction drops to 10-year low


    Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Kasia Broussalian, Henry Larson, and Marc Filippino. Additional help from Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Republicans are often known as the party of fiscal responsibility. This week, Swamp Notes unravels the US House of Representatives’ “big, beautiful” bill and its uncertain path forward in the Senate. Edward Luce, US national editor and columnist, and James Politi, Washington bureau chief, explain what made congressional Republicans go all in on big spending, tax cuts and more debt. 


    Subscribe to the new Swamp Notes feed here. 


    Mentioned in this podcast:

    Read Edward Luce’s column on the new ‘moron premium’ for Treasuries

    US House passes Donald Trump’s showpiece tax bill

    Sign up for the FT’s Swamp Notes newsletter here


    Swamp Notes is produced by Lauren Fedor, Katya Kumkova and Henry Larson. Topher Forhecz is the acting co-head of audio. Special thanks to Pierre Nicholson.


    Hosted on Acast. See acast.com/privacy for more information.

  • The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal.


    Mentioned in this podcast:

    Court tariffs bombshell should inspire trading partners to defy Trump

    Trade Secrets Newsletter

    Former Goldman Sachs banker sentenced to two years in prison for 1MDB role

    How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal


    Today’s FT News Briefing was produced by Sonja Hutson, Fiona Symon, Henry Larson and Marc Filippino. Additional help from Michael Lello, and Gavin Kallmann. Blake Maples mixes our show. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • A US court invalidated President Donald Trump’s “liberation day” tariff scheme yesterday. Nvidia reported a nearly 70 per cent surge in quarterly revenues, and the US has said it will not renew Chevron’s oil licence in Venezuela. Plus, Texas and Nevada are seeking to challenge the dominance of Delaware with company-friendly law.


    Mentioned in this podcast:

    US trade court invalidates Donald Trump’s reciprocal tariffs

    Nvidia quarterly revenue surges nearly 70% on AI boom

    US government will not renew Chevron’s Venezuela oil licence

    Texas vs Nevada — the battle to woo companies is heating up


    Today’s FT News Briefing was produced by Sonja Hutson, Henry Larson and Marc Filippino. Additional help from Blake Maples and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investors’ bets on US trade deals and the FT’s Leslie Hook explains what’s next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down. 


    Mentioned in this podcast:

    US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talks

    Asian currencies boosted by investor bets on US trade deals

    McKinsey sheds 10% of staff in two-year profitability drive 

    Rio ousted chief Jakob Stausholm to seek boss with more mining experience


    Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Russia’s full-scale invasion of Ukraine in 2022 kicked off a massive arms procurement race for Kyiv. Officials looked just about everywhere for weapons they could ship to the frontlines. However, Ukraine has lost hundreds of millions of dollars on fraudulent arms deals in the process. The FT’s Ukraine correspondent Isobel Koshiw and investigative reporter Miles Johnson share their reporting. 


    Mentioned in this podcast:

    How Ukraine lost hundreds of millions on arms deals gone wrong

    Ukraine arms procurement feud risks eroding western trust, G7 warns


    Today’s FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Today, we're bringing you an episode from our fellow FT podcast, Behind the Money. Massive conglomerates used to define corporate best practice. Think about a company like General Electric, known as “the everything company”. But today, there’s a new popular model: de-conglomeration. The FT’s former US energy reporter Amanda Chu examines whether this is working for a power business that GE spun off last year – or if it’s just another Wall Street fad. 


    Clips from BBC, Bloomberg, DW 


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    For further reading:

    Rustbelt gamble: GE Vernova rides AI power boom into uncertain future

    Is the US power grid ready to meet the demands of data centres?

    Have America’s industrial giants forgotten what they are for?

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    Follow Amanda Chu on X (@amandalanchu). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • This week, Swamp Notes goes to London for a live recording. Katie Martin, host of the Unhedged podcast, and Chris Giles, author of the FT’s Central Banks newsletter, discuss what Trump’s next few months might be like. Have markets truly recovered from the “liberation day” shock? What happens after the 90-day tariff pause is over? Our guests weigh in. 


    Subscribe to the new Swamp Notes feed here. 


    Mentioned in this podcast:

    Read the latest Chris Giles on Central Banks column here

    Listen to the Unhedged podcast here

    Sign up for the FT’s Swamp Notes newsletter here


    Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Mischa Frankl-Duval and Pierre Nicholson. 


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.

  • Republicans in the US House of Representatives narrowly passed President Donald Trump’s major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade war, and the US is starting to take the penny out of circulation.


    Mentioned in this podcast:

    US House passes Trump’s showpiece tax bill

    BYD sells more electric vehicles in Europe than Tesla for first time

    Nvidia seeks to build its business beyond Big Tech

    Nvidia chief announces major Taiwan chip investments

    US to become penniless with phasing out of one-cent coin


    Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


    Read a transcript of this episode on FT.com

    Hosted on Acast. See acast.com/privacy for more information.