FT News Briefing

Turkey’s stock rally hits reverse as juicy interest rates lure savers out of the market, and the FT’s Polina Ivanova explains how Telegram is a lifeline for both Russian and Ukrainian troops and civilians. Plus, Cornell University’s Eswar Prasad says Thailand could open a window into how central bank digital currencies might be used in future.Mentioned in this podcast:Turkey’s blazing stock rally falters with high rates luring savers awayWar unfiltered: how Telegram straddles the Ukraine fron tlineThailand may tell us a great deal about the future of moneyThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Prakriti Panwar, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

Nvidia’s record-breaking earnings still somehow disappointed investors, China’s use of the renminbi in cross-border trading is at a record high, and Berkshire Hathaway becomes the first publicly traded US company outside of tech to be valued at $1tn. Plus, Ford’s big plans to boost profits continue to fall short.Mentioned in this podcast:Nvidia revenue more than doubles as demand for AI chips remains strongChina’s international use of renminbi surges to record highs Warren Buffett’s Berkshire Hathaway surges past $1tn market value Ford shares have stalled: can CEO Jim Farley steer out of its rut? The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

The Japanese operator of 7-Eleven is discussing ways to defend itself against a takeover bid by Canada’s Alimentation Couche-Tard, Chinese export controls on crucial semiconductor materials are starting to hit supply chains, and the fintech company Klarna plans to axe almost half of its staff in favour of artificial intelligence. Plus, Nasa is turning to Elon Musk’s SpaceX after Boeing’s Starliner, which was meant to bring two US astronauts home, suffered technical problems.Mentioned in this podcast:7-Eleven’s Japanese owner explores protected status to thwart foreign bidChina’s export curbs on semiconductor materials stoke chip output fearsKlarna aims to halve workforce with AI-driven gainsHow will Nasa return two US astronauts stranded in space?The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

French authorities detain Telegram’s chief executive as part of a content moderation investigation, which has reignited the debate about free speech online. Plus, oil prices reached a two-week high as Libya says it is shutting down oil production, and Grenada triggers a first-of-its-kind ‘hurricane clause’ to pause its debt repayments.Mentioned in this podcast:Oil hits 2-week high after Libya says it will shut down crude exports Grenada triggers ‘hurricane clause’ to suspend bond paymentsTelegram says detained founder Pavel Durov has ‘nothing to hide’  The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

Israel’s military launched a wave of air strikes in southern Lebanon on Sunday, small-dollar donations surged to Kamala Harris’s campaign after she replaced Joe Biden on the Democratic ticket, and the world’s largest aerospace and defence companies are set to rake in record levels of cash over the next three years. Plus, computer programming might be the first job function to be transformed by the latest wave of AI technology.Mentioned in this podcast:Top defence contractors set to rake in record cashIsrael launches strikes in LebanonKamala Harris spends 10 times as much as Trump on digital ad blitzKamala Harris raised four times as much cash as Donald Trump in JulyAI-powered coding pulls in almost $1bn of funding to claim ‘killer app’ statusThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

Democrats from across the US gathered in Chicago for their presidential convention this week, promising to move past the Donald Trump-era of American politics. But if their newly-minted nominee, vice-president Kamala Harris, wins November’s election, she’ll have her work cut out to keep her party together. The FT’s deputy Washington bureau chief, Lauren Fedor, and US political news editor, Derek Brower, join this week’s Swamp Notes from Chicago to explain what the future of the party might look like.Mentioned in this podcast:Five key points from Kamala Harris’s acceptance speechKamala Harris vows to ‘strengthen, not abdicate’ US global leadershipKamala Harris’s underwhelming economic agendaSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: PBS NewsHourRegister now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festivalRead a transcript of this episode on FT.com

Kamala Harris made a bid for national unity at a rapturous Democratic National Convention. Plus, all eyes are on Jackson Hole today, where the Fed will reveal how it will lower US interest rates without triggering a recession. Meanwhile, investors are hedging their bets on these cuts coming soon, sending gold soaring. Mentioned in this podcast:Kamala Harris pitches unity message as she makes her case to American voters Gold goes for it Gold hits record highs as investors bet on rate cuts Cooling US jobs market looms over central bankers at Jackson HoleThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Ethan Plotkin, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

PwC faces a six-month business ban in China, and Mexico’s Supreme Court judges go on strike. Plus, a potential takeover of 7-Eleven may set the tone for a new era of Japanese acquisitions. Mentioned in this podcast:PwC expects six-month ban in China over Evergrande audit Mexico’s judges to strike over López Obrador’s plan to fire themAfter 7-Eleven, Japan’s M&A scene may never be the same again The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com

China’s flagship fund to buy up unsold housing is off to a limp start, and Saudi Arabia’s Public Investment Fund is to prioritise domestic spending. Plus, a growing number of Americans are suffering from tip fatigue. Mentioned in this podcast:China’s landmark property rescue plan limps off the starting line The US tipping system is teeteringSaudi wealth fund brings era of easy money to an endThe FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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.Read a transcript of this episode on FT.com