Germany’s Merz vows to stay despite ‘disaster’

German chancellor Friedrich Merz faces a crisis of confidence as exit polls show his party missed the threshold for representation in Mecklenburg-Vorpommern. The right-wing Alternative for Germany won there instead. Plus, Volkswagen is getting the boot from the Eurostoxx50 index. And Georgia’s Senator Jon Ossoff attempts to revitalise moderate politics in the upcoming US midterms.Mentioned in this podcast:German chancellor Merz vows to stay on despite ‘disaster’ in regional electionsJon Ossoff’s Georgia race stirs talk of 2028 US presidential auditionVolkswagen ejected from European blue-chip index in blow to crisis-hit carmakerWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts Until 28th October you can save on a standard annual digital subscription at ft.com/briefingsaleThe FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Venezuelan government and the country’s opposition are close to reaching an agreement to transfer the central bank’s gold reserves, critics are scrutinising donations to UK Reform by crypto billionaires Ben Delo and Christopher Harborne, and Glencore has suspended one of its senior executives in the wake of an escalating scandal. Plus, OpenAI’s listing delay raises stakes for SoftBank’s $50bn data centre IPO.Mentioned in this podcast:Venezuela nears deal to move $4bn gold reserve to New YorkReform UK’s mega-donor backed a friend’s libel claim. Now he controls her homeGlencore suspends senior executive in review of ties to iron ore traderOpenAI’s listing delay raises stakes for SoftBank’s $50bn data centre IPOWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve has raised rates for the first time since 2023, and the EU has asked China to restrict exports of hybrid cars as part of a deal to prevent a trade war. Plus, AI has revolutionized warfare.Mentioned in this podcast:Federal Reserve defies Donald Trump with first rate rise since 2023EU asks China to voluntarily limit car exportsVon der Leyen to paint EU as the only port in a global geopolitical stormAI is transforming warfare. But not making it easier to winCredit: Federal ReserveWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US and Chinese experts meet to discuss mitigating AI risks despite an ongoing tech rivalry, and US megadonors are largely backing Republicans in this midterm election season. Plus, Prime Minister Mark Carney strikes out on his pitch for a “unique alliance” between Canada and the EU, and the Dangote Petroleum Refinery is expected to be Africa’s biggest IPO.Mentioned in this podcast:Can the US and China work together on AI risk?US billionaires line up to bankroll Republicans’ election pushEU rebuffs Mark Carney’s ‘unique alliance’ with CanadaThe $1.6bn IPO that could draw millions of Nigerians to the stock marketWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tech stocks fell yesterday as markets reacted to ongoing talk of an AI apocalypse, industrial America is contending with a fresh wave of supply chain inflation, and foreign investors are now buying more US stocks than government bonds. Plus, China has implemented sweeping new controls on overseas travel for Chinese citizens. Mentioned in this podcast:US manufacturers hit by fresh burst of supply chain cost inflationTen-year Treasury yield hits 5% for first time since 2023Foreign investors prefer US stocks to Treasuries as debt worries growWhy delaying an AI doomsday would benefit investors tooChina tightens control of overseas travel in sweeping new lawWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Alex Higgins. 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries transited it, and the FT’s Zehra Munir explains how protesters cancelled a data centre project in Virginia. Mentioned in this podcast:Warsh and Trump on collision course as investors expect Fed to raise ratesScott Bessent fails to break ‘fever’ in US bond marketRussia strikes Ukrainian train line moments after foreign dignitaries passThe civil war in Data Centre AlleySubscribe to the FT: ft.com/briefingsaleWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US long-term borrowing costs surged to their highest level in more than two decades, and Gulf foreign ministers plan to meet their Iranian counterpart to negotiate a deal temporarily managing shipping through the Strait of Hormuz. Plus, Brics – the developing world’s answer to the G7 – meets this weekend during a unique moment of opportunity to remake the global order.Mentioned in this podcast:Global bond sell-off reignites as oil jumps to $107Iran and Gulf states to meet in push for Hormuz dealHouthis capture Red Sea port in blow to SaudisVirgin Media O2 owners target £600mn in cost cutsTime for the BricsWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Alex Higgins. 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. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US government bond yields jumped to their highest level in almost three years, and the Japanese yen has strengthened this week. Plus, the IMF ditched a top candidate for chief economist at the last minute, and AI is writing the playbook for venture capital.  Mentioned in this podcast:US Treasury yields jump as plans for $6bn buybacks disappoint investors‘I am the house now’: Bessent warns currency traders not to bet against yenIMF ditched top candidate for chief economist job over Trump tariff remarksMoonshot capitalism: AI rewrites the venture capital playbookThe Dorchester hotel to sell Qatari sheikh’s car over unpaid £460,000 billWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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.  Hosted on Acast. See acast.com/privacy for more information.

Anthropic declined to submit its latest model to Britain’s AI Security Institute for testing before release, Greece wants to become the next hedge fund hub, and crude prices jumped to nearly $100 a barrel after the US launched fresh strikes on Iranian oil tankers. Plus, as DeepSeek’s valuation climbs to more than $70bn, investors are clamouring to get a piece of the Chinese AI company through a secondary market.Mentioned in this podcast:Anthropic withheld latest AI model from UK testing agency How Greece is wooing hedge fundsDeepSeek fundraising frenzy spawns costly shadow marketOil nears $100 as US launches new strikes on Iranian tankers‘Mini-livers’ offer a new spin on regenerative medicineWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. 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.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Chinese tech giant Huawei faces a US racketeering trial. Bankers for Anthropic and OpenAI push for top-tier credit ratings. Plus, the EU signals greater openness to mega mergers.Mentioned in this podcast:Was Huawei’s rise built on crime? A US jury will decideWant to get in touch? Email us at [email protected]: The FT does not use generative AI to voice its podcasts The FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, Saffeya Ahmed, and Mischa Frankl-Duval. Our show was mixed by Breen Turner. Additional help from Michael Lello, Peter Barber and David da Silva. Our executive producer is Manuela Saragosa and Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.