FT News Briefing

Rupert Murdoch is stepping down as chair of Fox and News Corp, Russia has barred the export of diesel and petrol, and the Bank of England has held interest rates at 5.25 per cent after a knife-edge vote. Plus, India has stopped issuing visas to Canadians and told Ottawa to reduce its diplomatic presence in the country.Mentioned in this podcast:Rupert Murdoch steps down as chair of Fox and News CorpRussia puts squeeze on oil market with diesel export banBank of England holds interest rates at 5.25%India stops issuing visas to Canadians as row escalatesThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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. Read a transcript of this episode on FT.com

Federal Reserve officials on Wednesday signalled support for another rate rise this year and fewer cuts in 2024, share buybacks on the US stock market have dropped to the slowest pace since the early part of the Covid-19 pandemic, and the FT’s Gideon Rachman talks about his new three-part podcast series on Bidenomics. Mentioned in this podcast:Federal Reserve signals fresh rate rise this year and fewer cuts in 2024Two-year Treasury yield hits highest point since 2006 after Fed decisionCompanies ease off on share buybacks as rising interest rates push up costsThe Rachman Review podcast: BidenomicsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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. Read a transcript of this episode on FT.com

Shares in grocery delivery group Instacart jumped more than 10 per cent on their first day of trading, oil prices climbed above $95 a barrel for the first time in 2023, and Canadian prime minister Justin Trudeau sparked fury in India when he said authorities were investigating whether “agents” of New Delhi were behind the June killing of a prominent Sikh activist in a Vancouver suburb.Mentioned in this podcast:Instacart shares close up 12% after public market debutIndia angered by Justin Trudeau’s claims linking New Delhi to Sikh activist’s deathOil price exceeds $95 a barrel on fears of supply shortfallTech Tonic podcast: Can AI help us talk to animals? The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Lucy Snell, 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.Read a transcript of this episode on FT.com

Instacart’s public listing this week is set to inch Nasdaq further ahead of the New York Stock Exchange in their closest fight for new listings in five years, and a build-up of leveraged bets has the potential to dislocate trading in the $25tn US Treasuries market. Plus, the FT’s Mercedes Ruehl explores whether an influx of Chinese migration and money to Singapore could threaten its status as a neutral safe haven. Mentioned in this podcast:Nasdaq and NYSE fight closest listings battle in five yearsInstacart prices shares at $30 as IPO market warms upHedge fund bets could spark turmoil in US Treasuries, BIS warnsCan Singapore hold on to its reputation as Asia’s ‘safe haven’?Tell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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. Read a transcript of this episode on FT.com

US auto workers are striking to protect workers against the move to electric vehicles, and UK prime minister Rishi Sunak won’t attend the climate ambition summit at the UN General Assembly this week. Plus, Instacart has raised the price range for its initial public offering following the success of Arm’s blockbuster debut. Mentioned in this podcast:Strike pits US auto union in existential struggle over shift to electric vehiclesRishi Sunak decides against attending UN General AssemblyInstacart raises IPO price range after success of Arm listingTell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platformsCredit: CLIP WXYZ-TV Detroit | Channel 7; UAW President Shawn FainCredit: CLIP CBS DetroitCredit: CLIP UAW; Shawn FainThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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. Read a transcript of this episode on FT.com

Shares in chip designer Arm jumped by 25 per cent as it began trading on the Nasdaq exchange yesterday, and the European Central Bank has raised interest rates to an all-time high. Plus, the FT’s Siddharth Venkataramakrishnan explains how digital cash got caught up in the culture wars. Mentioned in this podcast:Arm shares jump by 25% on first day of tradingECB raises interest rates to all-time highHow digital cash got caught up in the culture warsTell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platforms.Read a transcript of this episode on FT.com

Rising energy costs pushed US inflation above forecasts in August, Bernard Looney’s resignation from BP puts the oil company’s green energy transition into doubt, and China is walking back a corruption crackdown in the country’s healthcare sector. Mentioned in this podcast:US inflation rises in August as petrol prices jumpBP chief Bernard Looney resigns over past relationships with colleaguesBernard Looney’s exit throws BP’s strategy into doubtChina’s corruption crackdown rips through healthcare sectorTell us: How will the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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.Read a transcript of this episode on FT.com

BP’s chief executive Bernard Looney is resigning and SoftBank’s Arm is set to hit the public market on Thursday. Plus, we look at why Germany’s economy is stalling and how its economic woes are hurting its neighbours. Mentioned in this podcast:BP chief Bernard Looney resigns over past relationships with colleaguesArm targets valuation of up to $52bn in IPOOlaf Scholz vows to cut bureaucracy as German economic woes mountPolish zloty’s fall highlights tricky balancing act of central banksTell us how the US student loan repayments restart affect you? https://sayhi.chat/lmhguiAny voice message that's left might be included in an FT podcast as part of our journalism on FT.com and/or on other FT platformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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. Read a transcript of this episode on FT.com

Some scientists believe that rapid advances in artificial intelligence may also hold the key to decoding animal sounds, allowing us to ‘translate’ them into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love explore how the same technology that powers ChatGPT is being applied to research in animal communication. Could we one day learn to ‘speak whale’ or even chat with bats? And if so, can we trust ourselves to do so responsibly?Subscribe now to the FT's Tech Tonic podcastPresented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa and Cheryl Brumley is the FT’s head of audio.