Lower gas and electricity costs drove a sharp drop in headline UK inflation in July, Fitch Ratings has downgraded WeWork, and there’s increasing anxiety in China over the real estate sector’s stability.
Mentioned in this podcast:
UK inflation slows to 6.8% in July as energy prices fall
WeWork credit rating cut further into junk territory by Fitch
Retail investors complain to Chinese regulator about Zhongzhi
Country Garden crisis brings new pain to China’s property sector
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Josh Gabert-Doyon, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.