US government shutdown nears an end as House approves funding deal, European carmakers and other industrial companies continue to face “devastating” chip shortages, and Scotland has been handed the same credit rating as the UK, in a boost to Edinburgh as it plans to launch an inaugural bond sale. Plus, an increasing number of wealthy Chinese people are trying to set up family offices and secure residency in the Gulf, rather than Singapore.
Mentioned in this podcast:
US government shutdown nears an end as House approves funding deal
Europe’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continues
Scotland handed same credit rating as UK ahead of debut ‘kilts’ sale
Wealthy Chinese sidestep Singapore for Dubai
US mints last penny after Trump killed coin
Credit: Myles McCormick
Today’s FT News Briefing was produced by Lulu Smyth Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.