UK chancellor John Healey has told the Labour Party conference that the economic conditions enjoyed by New Labour are “simply not there now”, Nvidia has held talks with insurance companies about shouldering the risks of lending against its chips, and oil prices and US Treasuries are locked in their tightest relationship since the first Gulf war in 1990. Plus, an oil field project in the Falkland Islands has put even more pressure on its relationship with neighboring Argentina, and Japanese convenience store chain FamilyMart has enlisted global pop megastar Lady Gaga to help offset the country’s acute labour shortage.
Mentioned in this podcast:
Burnham to set out plan to break ‘politics as usual’ by tackling UK’s biggest issues
Blair-era money is ‘not there now’, Healey warns Labour
Nvidia turns to insurers to spread the risk of AI buildout
Nvidia launches record $150bn share buyback
Oil price and US Treasury yields in tightest relationship since 1990
Oil raises the stakes in Argentina’s push against the Falklands
Lady Gaga tells Japanese people to work for FamilyMart
Credit: Oricon, Labour party
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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.