Explore every episode of Behind the Money
| Pub. Date | Title | Duration | |
|---|---|---|---|
| 12 Mar 2019 | The unicorn IPO | 00:18:36 | |
What it means for a generation of tech companies with huge valuations to be making the shift to the public markets, and why some are doing it by unconventional means. Hosted on Acast. See acast.com/privacy for more information. | |||
| 05 Feb 2019 | Suspected £40m fraud at Patisserie Valerie | 00:22:02 | |
Shares in the British bakery chain more than doubled from the time it listed on the London Stock Exchange in 2014 to late last year, just before it emerged that its accounts were largely fictitious. The FT's retail correspondent Jonathan Eley walks us through what happened. Hosted on Acast. See acast.com/privacy for more information. | |||
| 01 May 2018 | What happened at Qualcomm? | 00:18:19 | |
The Trump administration blocked chipmaker Broadcom's bid to acquire rival Qualcomm on the grounds of national security. But how did the San Diego-based company become the target in the first place? And who will ultimately own the mobile technology of the future? With FT reporters James Fontanella-Khan and Tim Bradshaw. News review clips: C-Span, Fox News. Hosted on Acast. See acast.com/privacy for more information. | |||
| 29 Jan 2019 | The leveraged loan market | 00:21:06 | |
There is a corner of the credit market that has started to worry regulators - leveraged loans. How does the $1.2tn leveraged loan market work and why do some say it could pose a risk to the financial system? The FT’s Colby Smith and Joe Rennison explain. Read more at FT.com/debtmachine. Hosted on Acast. See acast.com/privacy for more information. | |||
| 26 Feb 2019 | Encore: Huawei and the fight for 5G | 00:20:19 | |
The arrest of Meng Wanzhou, Huawei's chief financial officer, followed months of mounting scrutiny of the world's biggest telecoms equipment maker. The FT's Nic Fildes explains how Huawei grew to be such a big player, and why western intelligence officials are warning against working with the Chinese company on the next generation of mobile technology. This episode was originally published on December 18, 2018. Hosted on Acast. See acast.com/privacy for more information. | |||
| 19 Jul 2021 | Introducing Tech Tonic: You Can’t Always Get What you Quant | 00:28:26 | |
Introducing the FT Tech Tonic podcast. You can subscribe and listen to the rest of the series here. From picking the best stocks to listening in on earnings calls, AI-powered systems are changing finance. But how big are the rewards, really? And what are the risks? In this episode Robin Wigglesworth tells us how AI has been used in investing, what happens when programs must adapt to new risks and what the robots could learn from watching children play. Alice Fordham is senior producer. Josh Gabert Doyon is assistant producer. Oluwakemi Aladesuyi and Liam Nolan are the development producers. Sound design and mixing by Breen Turner. Cheryl Brumley is the executive producer for this series. Original scoring composed by Metaphor Music. Review clips: Alphabet, Netflix, Amazon, Man Group. Hosted on Acast. See acast.com/privacy for more information. | |||
| 14 Jul 2020 | Wirecard: how to find a €2bn hole | 00:22:57 | |
In September 2014, the FT’s Dan McCrum received a tip about a fast-growing German fintech group, Wirecard. Over the next couple of years Dan and his colleagues uncovered the secret behind the payment company’s meteoric growth: many of the customers listed in company documents did not exist. In this episode Dan tells the story of the whistleblowers, shoe-leather reporting, hacking, suspected surveillance and legal threats that led to Wirecard’s downfall. --- Review clips: CNBC, Deutsche Welle Further reading: The double life of Wirecard’s Jan Marsalek https://www.ft.com/content/511ecf86-ab40-486c-8f76-b8ebda4cc669 Inside Wirecard Dan’s 2015 story for Alphaville https://ftalphaville.ft.com/2015/04/27/2127427/the-house-of-wirecard/ Hosted on Acast. See acast.com/privacy for more information. | |||
| 25 Jun 2019 | Renault, Nissan and Fiat Chrysler's quest for a deal | 00:23:44 | |
When Fiat Chrysler Automobiles withdrew its proposal for a €33bn merger with France’s Renault it reversed plans to create what could have been the world's third-largest carmaker. The FT's David Keohane, Leo Lewis and Rachel Sanderson tell the story of how the bid came together, how it eventually fell apart and what it means for the future of global carmakers. Hosted on Acast. See acast.com/privacy for more information. | |||
| 30 Oct 2018 | How €200bn of ‘dirty money’ flowed through a Danish bank | 00:17:09 | |
How did Denmark’s Danske Bank find itself at the centre of one of the largest money laundering scandals the world has ever seen? The FT’s Richard Milne explains. Hosted on Acast. See acast.com/privacy for more information. | |||
| 16 Oct 2018 | The future of dealmaking with Saudi Arabia | 00:18:49 | |
Some of the world’s most influential financiers and executives have spent the past three years courting Saudi Arabia’s dealmaker-in-chief Mohammed bin Salman and his $300bn state investment fund. But the disappearance of Saudi journalist Jamal Khashoggi has turned the pursuit of trophy deals into an exercise in crisis management. The FT's Arash Massoudi explains how the crown prince sought to modernise the Saudi economy with support of the global business elite, and what the future holds for dealmaking with the kingdom. Review clips: CNBS, Bloomberg, Fox Business Network, France 24, WSJ.com. Hosted on Acast. See acast.com/privacy for more information. | |||
| 05 Mar 2019 | Encore: how €200bn of ‘dirty money’ flowed through a Danish bank | 00:17:10 | |
How did Denmark’s Danske Bank find itself at the centre of one of the largest money-laundering scandals the world has ever seen? The FT’s Richard Milne explains. This episode was originally published on October 30, 2018. Read the latest on the Nordic money-laundering scandal at FT.com. Hosted on Acast. See acast.com/privacy for more information. | |||
| 09 Jun 2020 | A programming note | 00:00:18 | |
An update on this week's episode Hosted on Acast. See acast.com/privacy for more information. | |||
| 11 Nov 2020 | An economic uncoupling | 00:22:39 | |
Tensions between Washington and Beijing are beginning to resemble a new cold war. Could the complex supply chains built up over a generation that produce Apple's iPhone and other electronics soon be untangled? In this episode Kathrin Hille, the FT’s greater China correspondent, and Richard Waters, the FT’s west coast editor, tell the story of how technology supply chains in the US and China became intertwined and the forces that are pulling them apart. Review Clips: CNBC, CSPAN, Washington Post, The Guardian, Reuters, Dallas Morning News, ZDF “Looking for Freedom” WMG (1989) Read more from Kathrin Hille The great uncoupling: one supply chain for China, one for everywhere else Hosted on Acast. See acast.com/privacy for more information. | |||
| 24 Jul 2019 | Paying for the Caesars empire | 00:26:15 | |
About 10 years ago, two legendary private equity firms, Apollo Global Management and TPG, teamed up to carry out a leveraged buyout of one of the biggest and most iconic gaming companies, then known as Harrah’s. They financed the purchase by taking advantage of Harrah’s real estate. Now, an obscure regional casino group out of Reno, Nevada is set to scoop up what has become the Caesars Entertainment empire in a deal that is making use of a pretty similar kind of financing. The FT’s Sujeet Indap tells the story. Hosted on Acast. See acast.com/privacy for more information. | |||
| 24 Oct 2019 | The state of the Libra project | 00:19:08 | |
Earlier this year, Facebook announced its digital currency project, Libra, to great fanfare. Just a few months later, the project has stalled amid pressure from regulators and lawmakers around the world. With the FT's Hannah Murphy and Kiran Stacey. Further reading: Where it all went wrong for Facebook’s Libra: https://www.ft.com/content/6e29a1f0-ef1e-11e9-ad1e-4367d8281195 Zuckerberg warns blocking Libra will be boon to China tech: https://www.ft.com/content/28c600de-f5a1-11e9-9ef3-eca8fc8f2d65 Federal Reserve sets out regulatory challenges facing Facebook’s Libra: https://www.ft.com/content/ef650f9a-f052-11e9-ad1e-4367d8281195 Hosted on Acast. See acast.com/privacy for more information. | |||
| 04 Dec 2018 | IBM's next move | 00:20:23 | |
In October, IBM announced it would acquire open source software pioneer Red Hat for $34bn. The deal resonated with Wall Street, but making the two companies work together will be another challenge. The FT’s Richard Waters digs into IBM's history and what its tie-up with Red Hat signals about the future. Hosted on Acast. See acast.com/privacy for more information. | |||
| 17 Dec 2019 | Season 3 coming in 2020 | 00:00:40 | |
A brand new season of Behind the Money with the Financial Times is coming in early 2020. Subscribe now so you don't miss an episode. Hosted on Acast. See acast.com/privacy for more information. | |||
| 21 Nov 2018 | The oil sell-off explained | 00:16:48 | |
Oil prices plunged below $63 a barrel on Tuesday after weeks of steady declines. The FT's Anjli Raval explains what is behind the souring mood among investors. Hosted on Acast. See acast.com/privacy for more information. | |||
| 02 Dec 2020 | Moderna’s race to the vaccine | 00:19:20 | |
The Boston-based biotech eschewed a traditional approach to vaccine development, instead pitching its use of mRNA technology to investors. That pitch paid off this year as the company stands to be one of the first to bring a Covid-19 vaccine to market. Hannah Kuchler, the FT’s US pharma and biotech correspondent, reports on Moderna’s race to find an immunisation for the novel coronavirus. The FT is making key coronavirus coverage free to read for everyone. Go to ft.com/coronavirusfree to read the latest. Read more here: Moderna’s Covid vaccine offers vindication of its unconventional approach Review clips: Yahoo Finance, CNBC Hosted on Acast. See acast.com/privacy for more information. | |||
| 30 Oct 2021 | Introducing Working It: Can wellness apps fix us and beat staff burnout? | 00:17:27 | |
This is the podcast about doing work differently. Join host Isabel Berwick every Wednesday for expert analysis and watercooler chat about ahead-of-the-curve workplace trends, the big ideas shaping work today — and the old habits we need to leave behind. Subscribe on Apple https://podcasts.apple.com/gb/podcast/working-it/id1591925469 - On Spotify https://open.spotify.com/show/5vNDHxEOc1pI1acJS7He5e Or wherever you get your podcasts. The wellness industry is a trillion-dollar business, and the pandemic has turbo-charged it. One of the biggest trends has been the rise in employers buying their staff access to meditation and fitness apps. But does this ‘quick fix’ approach work? And are there better ways to boost wellbeing ? Isabel talks to Lorna Borenstein, chief executive of Grokker, a corporate wellness app about the reasons why she set up the platform and how clients and her own staff use it. It’s all part of a culture of taking care of employees - a topic Lorna has explored more deeply in her book It’s Personal, offering advice to other managers on how to help staff feel better [tl;dr: talk less, listen more].We also speak to FT colleague Emma Jacobs, about the corporate care culture. She is a little more skeptical. We would love to hear from you - email us at workingit@ft.com. You can also follow @isabelberwick on Twitter and Instagram or reach out via email: isabel.berwick@ft.com. Thanks. Mentioned in the podcast and other interesting reading:
Presented by Isabel Berwick. Editorial direction from Renée Kaplan. Assistant producer is Persis Love. Sound design is by Breen Turner, with original music from Metaphor Music. Produced by Novel. Hosted on Acast. See acast.com/privacy for more information. | |||
| 31 Jul 2018 | Private equity's debt mountain | 00:20:06 | |
Private equity has flooded the deal market in recent years, in part due to an era of cheap debt and fund managers on the hunt for greater investment returns. Firms are scooping up stakes in oil pipelines and newspapers — and even dental clinics. With a record $1.8tn in pension and sovereign wealth fund money waiting to be invested, some analysts are asking when private equity’s winning run will come to an end. With the FT's Javier Espinoza. Read more here. Review clips: CNBC, NBC, Bloomberg. Hosted on Acast. See acast.com/privacy for more information. | |||
| 04 Nov 2020 | US election programming note | 00:01:24 | |
There is no episode of Behind the Money this week. Here is a preview of what we are working on for next week. Review Clips: C-SPAN, CNBC, Dallas Morning News Hosted on Acast. See acast.com/privacy for more information. | |||
| 18 Sep 2018 | On the front lines of the crisis | 00:23:45 | |
Nick was a regulator at the London Stock Exchange. Julia was an entrepreneur whose home was foreclosed. Ten years on from the collapse of Lehman Brothers we talk to two people with different perspectives on the lessons of the global financial crisis. Review clips: AP, CBS. Hosted on Acast. See acast.com/privacy for more information. | |||
| 28 Aug 2018 | Khosrowshahi's year at the wheel | 00:19:56 | |
A little more than a year ago, Uber's board was in search of a new chief executive. Co-founder Travis Kalanick had resigned from the top job amid allegations of a toxic and sexist company culture, and the board was looking for someone to fix the group's operations and ready it for what is expected to be the tech world's biggest public offering. Behind The Money looks at Dara Khosrowshahi's first year at the helm. With the FT's Shannon Bond. Review clips: ABC News, WSJ, NBC News, CBS News, CNBC, Fox Business Network Hosted on Acast. See acast.com/privacy for more information. | |||
| 21 Aug 2018 | Digging into student debt | 00:17:43 | |
The amount of outstanding student debt in the US has hit a staggering $1.4tn, and many millennials say the education-related debt they've been saddled with has prevented them from doing things like buying a home, getting married and taking career risks. Who has been hit the hardest by student debt loads and what does it mean for the US economy? With guests Michael Ranalli, Judith Scott-Clayton and the FT's Sam Fleming. Read more of Sam's reporting at FT.com. Review clips: Fox Business Network, CBS News, CNBC Hosted on Acast. See acast.com/privacy for more information. | |||
| 20 Oct 2021 | 4 - Inside ESG: Sustainable finance and the threat to divest | 00:24:03 | |
If you want your investments to match your principles should a threat to divest be part of your long-term strategy?
In the fourth episode of our special five-part series on sustainable or ESG investing, produced in partnership with the FT’s Moral Money team, the story of the California State Teachers' Retirement System, or Calstrs, and why its decision to divest from the US private prisons industry prompted tears and passionate discussion on the board. Joe Rennison, deputy US markets editor, assesses the long-term impact that divestment can have on companies, while Moral Money’s Patrick Temple-West, Attracta Mooney, the FT’s investment correspondent, and Lindsay Frost, a senior reporter at Agenda, an FT publication about the corporate board space, explain why divestment presents a conundrum for investors and whether passive investment funds are really compatible with ESG investing. JPMorgan funds invested in CoreCivic debt after vow to stop financing private prisons Bond funds wrestle with human rights dilemma Divestment Concerns Creep In for More Industries Check out stories and up-to-the-minute news from the Moral Money team here. Get 30 days of the premium Moral Money newsletter free, together with complimentary access to FT.com for the same period, visit www.ft.com/insideesg Review clips: Calstrs, NBC, Global News, PBS, AP, CBC News, The Guardian, CSPAN Hosted on Acast. See acast.com/privacy for more information. | |||
| 13 Apr 2022 | Introducing Tech Tonic: The US/China Tech Race | 00:01:36 | |
A new six-part series of Tech Tonic brings you stories from the frontlines of the battle between the US and China for global technological supremacy. At stake is the future of technologies that will shape all our lives, from the way the internet is used to the way we govern our societies. Join the FT’s Global China Editor James Kynge as he charts China’s dramatic transformation into a global tech superpower, sparking rivalry with the US over who controls our technological future. Hosted on Acast. See acast.com/privacy for more information. | |||
| 17 May 2022 | We're back! | 00:01:21 | |
Behind the Money is back with all-new episodes! From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. The podcast returns May 25. Hosted on Acast. See acast.com/privacy for more information. | |||
| 25 May 2022 | A crypto vibe shift? | 00:19:35 | |
Behind the Money is back! Our first episode is part 1 of 2 in a miniseries on crypto. First up, we're wondering: is a crypto vibe shift underway? Bitcoin’s price has been dropping for weeks and earlier this month, a popular stablecoin collapsed. FT reporter Ethan Wu explains how the effects of that rippled into other areas of the crypto universe. Michela and Ethan will talk about what stablecoins are and why they matter — even for people who aren’t crypto investors. For further reading: Investors pull $7bn from Tether as stablecoin jitters intensify Follow Ethan Wu on Twitter @EthanYWu Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 01 Jun 2022 | Tether’s path to the spotlight | 00:26:02 | |
We’re diving back into the world of stablecoins for part 2 of 2 in our miniseries on crypto. This time, it’s a story filled with troubled companies and a real life fire that sends a business up in smoke. With the help of FT reporters Kadhim Shubber and Siddharth Venkataramakrishnan, we dig into the professional histories of two executives who sit atop two of crypto’s most important businesses: stablecoin issuer Tether and exchange Bitfinex. Clips courtesy CSPAN For further reading: Tether’s CEO: from IT sales to calling the shots in crypto land Tether: the former plastic surgeon behind the crypto reserve currency On Twitter, follow FT reporters Kadhim Shubber (@Kadhim), Siddharth Venkataramakrishnan (@SVR13) and Ethan Wu (@EthanYWu) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 08 Jun 2022 | Blowing the whistle on ESG | 00:28:14 | |
Last week authorities raided the offices of Germany’s top asset manager DWS Group and its majority owner Deutsche Bank. The raid was spurred by allegations of greenwashing. That is, that DWS had made misleading claims about how sustainable or “green” some of its financial products were. DWS says it denies those allegations and has cooperated with regulators and authorities, but this move has prompted a larger reckoning throughout the financial industry. At the centre of much of this is former DWS sustainability officer Desiree Fixler. In this week’s episode we hear from the whistleblower herself, and explore her allegations about her time at DWS. The FT’s Patrick Temple-West also explains what this moment means for the future of environmental, social and governance or ESG investing. For further reading: German police raid DWS and Deutsche Bank over greenwashing allegations DWS chief resigns after police raid over greenwashing claims Deutsche banker takes over asset manager in the eye of an ESG storm On Twitter, follow Patrick Temple-West (@Temple_West) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 21 Jun 2022 | Inside Johnson & Johnson’s bankruptcy two-step | 00:28:00 | |
Johnson & Johnson, one of the world’s largest healthcare companies, is facing thousands of lawsuits from people alleging they got cancer from using one of their oldest products: talc-based baby powder. To manage the growing liability, J&J recently deployed a controversial new bankruptcy manoeuvre known as the Texas Two-Step. In this week’s episode, we explore whether J&J’s use of this manoeuvre is setting a new precedent for corporations to evade accountability in America. Update: A new version of this episode was uploaded on June 21, 2022 to update the number and outcome of trials 3M has faced related to one of its products. Clip courtesy of NBC News - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Johnson & Johnson’s ‘Texas-two-step’ sparks outcry over US bankruptcy regime Architects of ‘Texas two-step’ lambast J&J for its use of the manoeuvre ‘Texas two-step’ outcry risks ending fee bonanza for law firm Jones Day J&J’s Texas two-step waltzes over its liabilities
- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 22 Jun 2022 | The Fed’s big swing at inflation | 00:19:43 | |
The Federal Reserve announced its largest interest rate increase since 1994. And it's the equivalent of the US central bank taking a baseball bat to the economy, according to the FT’s US financial commentator Robert Armstrong. In this week’s episode, Armstrong is helping us to make sense of the Fed’s announcement. He’ll explain what the recent hike means for the economy and for investors, and tell us whether or not we should be freaking out. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How fast is the US economy slowing? Time for strong medicine: How central banks got tough on inflation - - - - - - - - - - - - - - - - - - - - - - - - - - Sign up here to get the Unhedged newsletter sent straight to your inbox every weekday. On Twitter, follow Robert Armstrong (@rbrtrmstrng) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 29 Jun 2022 | How tea plantations are testing private equity | 00:24:34 | |
Late last year Unilever reached a $5 billion deal to sell part of its tea business, including brands like Lipton and PG Tips, to private equity giant CVC Capital. But the tea sector is a complicated one. With roots in colonialism, tea plantations around the world have faced many issues, including accusations of human rights abuses. In this week’s episode, we’re hearing from one worker whose life was forever changed by violence on her plantation, and exploring how this deal represents a new challenge for PE as investors are increasing their scrutiny into the private equity industry’s ethics. Clips courtesy of Unilever, Al Jazeera, AP - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Unilever’s tea business became a test of private equity’s conscience Bidders for Unilever’s tea business pulled out on plantation concerns CVC pushes back IPO plans amid market turmoil - - - - - - - - - - - - - - - - - - - - - - - - - - Sign up here to get the Moral Money premium newsletter sent straight to your inbox every Monday, Wednesday and Friday. On Twitter, follow Judith Evans (@JudithREvans), Kaye Wiggins (@kayewiggins) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 28 Jun 2022 | Introducing: Hot Money | 00:31:59 | |
When Financial Times reporter Patricia Nilsson started digging into the porn industry, she made a shocking discovery: nobody knew who controlled the biggest porn company in the world. Now, Nilsson and her editor, Alex Barker, reveal who is behind it and much more. This eight-part investigative podcast, published weekly, reveals the secret history of the adult business and the billionaires and financial institutions who shape it. Subscribe and listen on: Apple Podcasts, Spotify, Pocket Casts, Stitcher or wherever you listen to podcasts. Hosted on Acast. See acast.com/privacy for more information. | |||
| 06 Jul 2022 | How Spacs went splat | 00:18:53 | |
Spacs, or special purpose acquisition companies, were all the rage at the start of the pandemic. These shell companies raise cash by listing on the stock market, and then seek a merger with a private company. This created a novel way for companies to list on the stock market without having to go through the traditional initial public offering process. Now, Spacs are floundering. The FT’s Ortenca Aliaj talks with guest host Jess Smith about how the Spac investment boom collided with rising interest rates and regulatory threats, and ultimately went bust. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Spac boom dies as wary investors retreat - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Ortenca Aliaj (@OrtencaAl) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 13 Jul 2022 | Why companies could soon pay for climate change | 00:18:13 | |
A few years ago a Peruvian farmer filed a lawsuit against a German utility company thousands of miles away. The reason? A glacier is melting near his hometown. If it melts enough, it could cause a flood that may catastrophically damage his city. He says that over years the company's pollution has contributed to climate change, and because of this, it should help pay for protections against the potential flood. In this week’s episode, we’ll tell the story of a David vs. Goliath battle. How one man is taking on one of the world’s biggest polluters in a landmark case that could one day force companies to pay for damage they’ve done to the environment. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Who pays for climate change? The Peruvian suing a German utility The Climate Game: Can you reach net zero by 2050? - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Camilla Hodgson (@CamillaHodgson) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 20 Jul 2022 | Are big corporate profits to blame for inflation? | 00:18:51 | |
Greedflation. Price gouging. Pandemic profiteering. What happens when turning a profit is considered a bad thing? In this week’s episode, the FT’s US business editor Andrew Edgecliffe-Johnson explains how a new message around corporate profits is resonating with the American public and causing headaches for executives. Clip courtesy of Bloomberg - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: US companies face rising battle to fend off vilification over ‘excess’ profits Joe Biden blasts Chevron chief as ‘sensitive’ after fuel-price criticism - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Andrew Edgecliffe-Johnson (@Edgecliffe) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 27 Jul 2022 | Is Sri Lanka’s economic crisis a canary in the coal mine? | 00:17:28 | |
Sri Lanka is facing dire fuel and food shortages amid ongoing economic and political crises. In this week’s episode, the FT’s Antoni Slodkowski shares what he’s seen after a week of reporting in Sri Lanka. And then, emerging markets correspondent Jonathan Wheatley explains how the crises in Sri Lanka may impact the rest of the world. Clips courtesy of Voice of America - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: No food, no fuel and no jobs: the economic catastrophe engulfing Sri Lanka What Sri Lanka reveals about the risks in emerging markets China reckons with its first overseas debt crisis Debt sell-off intensifies strains for more than a dozen emerging markets - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Jonathan Wheatley (@Jonthn_Wheatley), Antoni Slodkowski (@slodek) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 03 Aug 2022 | The rise of the ‘F@$K It’ investor | 00:20:03 | |
Since the 2008 financial crisis, it’s become more and more difficult for Americans to chart a path toward financial security. Things like buying a house and paying off student loans have become more challenging for young people to do. And that’s given rise to a new generation of investors the FT’s Madison Darbyshire calls “generation moonshot.” Clips courtesy of NBC News, CNBC, ABC News, CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Generation moonshot: why young investors are not ready to give up on risk How retail investors can navigate the rough terrain of US equities A year on, we haven’t absorbed the lessons of the GameStop saga - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Madison Darbyshire (@MADarbyshire) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 10 Aug 2022 | Why VC funding is drying up | 00:17:28 | |
Venture capital fundraising hit a record-high last year. There were more deals, and more money poured into startups last year than at any other time in history. Now, the FT’s Richard Waters says the fundraising bonanza is over. On this week’s episode, we explore what that means for the future of startups. Clips from Looney Tunes: ⓒ Warner Bros. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Venture capital’s silent crash: when the tech boom met reality Klarna’s valuation crashes to under $7bn in tough funding round Venture capital’s delayed rendezvous with reality - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 17 Aug 2022 | Why central banks are baffling investors | 00:17:38 | |
The Federal Reserve has spent more than a decade buying up government debt as part of a post-2008 program to support the economy, also known as quantitative easing. Now with inflation reaching record highs, those days are over, and a new era of quantitative tightening is emerging. On this week’s episode, the FT’s markets editor Katie Martin explains how markets expect to grapple with the change. Clips from ABC, CNBC, CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The mystery of how quantitative tightening will affect markets Did central bank balance sheets really need to get so big? - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 24 Aug 2022 | Afghanistan one year later | 00:23:14 | |
The FT’s south Asia correspondent Ben Parkin explains how Afghanistan’s economy has changed in the year since US forces left the country and the Taliban retook control of the government. Clips from CBS, BBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The Taliban’s black gold: militants seize on coal to reboot economy Life under the Taliban: ‘what matters is that we’re hungry’ The Taliban’s new order: ‘We’ll introduce a system for the world’ - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Benjamin Parkin (@b_parkyn) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 31 Aug 2022 | Is Goldman Sachs too big to change? | 00:20:14 | |
Early in his tenure the new Goldman Sachs CEO David Solomon presented a grand new vision for what the massive bank should become. How has it panned out since? And is there still time for Solomon to make the changes it needs? The FT’s US banking editor Joshua Franklin examines what Solomon has and hasn’t achieved in his four years at the helm. Clips from CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: In era of quick-fire bosses, Wall Street embraces the ‘forever CEO’ The reinvention of Goldman Sachs: what has David Solomon achieved? Goldman raises profitability target in effort to bridge valuation gap - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 07 Sep 2022 | Blockchain seeks a role in fighting climate change | 00:16:30 | |
Buying carbon credits is a way for companies to show they’re serious about fighting climate change. But keeping track of these credits is tricky. Now, advocates of the blockchain - the technology that underpins cryptocurrency - say that its digital ledger could be a possible solution to bring transparency to the market. On today’s episode, the FT’s Camilla Hodgson explores whether this technology could help fight climate change or whether some supporters are just in it for their own benefit. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Crypto and climate change: can web3 help get us to net zero? Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 08 Sep 2022 | Introducing Tech Tonic, Season 4: A sceptic’s guide to crypto | 00:31:01 | |
Tech Tonic is back with a new season all about crypto! We wanted to share with you the second episode of the latest season of Tech Tonic. FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog. Follow Tech Tonic to hear the full season here. Hosted on Acast. See acast.com/privacy for more information. | |||
| 14 Sep 2022 | Inside the fight to stop an oil pipeline in Africa | 00:23:14 | |
Construction of a massive oil pipeline in east Africa is underway. For the governments of the countries it will run through, it promises new economic opportunities. But for many others, it could spell trouble. Like the fight over North America’s Keystone Pipeline, this one has become an important battleground for environmental groups around the world. The FT’s Leslie Hook explains the approach activists are taking to fight it. Clips from UBC Television Uganda - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The oil giants drilling among the giraffes in Uganda Marsh revealed in oil pipeline project shunned by leading banks and insurers - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Leslie Hook (@lesliehook) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 21 Sep 2022 | The next hurdle for unions in the US | 00:20:42 | |
Over the last year, Starbucks baristas across the US banded together to form unions at the stores where they work. And workers at other big name companies like Amazon have joined in to organise their own workplaces, too. But the FT’s labour and equality correspondent Taylor Nicole Rogers explains how these and other new unions around the US are running up against a classic problem in labour. Can they convince their employers to come to the bargaining table to hash out a contract? Clips from NBC, CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: US trade unions: Inside the revival brewing at Starbucks Joe Biden secures deal to avert US rail strike Howard Schultz vows Starbucks rebound after coffee chain ‘lost its way’ - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Taylor Nicole Rogers (@TaylorNRogers) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 28 Sep 2022 | Who will pay for the next Covid vaccines? | 00:17:40 | |
As the rollout of bivalent boosters for Covid-19 continues, experts are concerned that the US isn’t doing enough to support the development of the next wave of vaccines and treatments that the world needs. In this week’s episode, we hear from White House Covid coordinator Ashish Jha, professor of molecular medicine and cardiologist Eric Topol and the FT’s US pharmaceuticals correspondent Jamie Smyth on what the future of Covid vaccines could and should look like. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Investors ditch vaccine stocks after Joe Biden says ‘pandemic is over’ Joe Biden’s Covid-19 tsar warns millions risk losing access to treatment - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 05 Oct 2022 | How Wall Street became infatuated with the music industry | 00:19:07 | |
Years of low interest rates sent investors hunting for creative ways to generate returns. One unlikely place they found was inside the song catalogues of some of the top musicians and songwriters of the last few decades. But now, as interest rates rise and the possibility of a global recession looms, the FT’s Anna Nicolaou and Kaye Wiggins explain how one of the hottest recent trends on Wall Street could soon have to face the music. Clip from Chevrolet - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Wall Street stormed the music business Blackstone-backed song rights machine suffers growing pains Another brick in the Wall Street as Blackstone seeks Pink Floyd catalogue - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Anna Nicolaou (@annaknicolaou), Kaye Wiggins (@kayewiggins) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 12 Oct 2022 | An electric truck start-up founder goes to trial | 00:19:46 | |
Trevor Milton and his electric vehicle start-up Nikola became Spac darlings in 2020 with his plan to transform the trucking industry. Then it all came crashing down. The FT’s Claire Bushey explains the boom and bust of entrepreneur Trevor Milton’s career and what we can learn from his story. Clips from Nikola - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Nikola founder Trevor Milton accused of misleading investors at fraud trial Nikola: the clues in Trevor Milton’s past that investors missed or ignored US justice department inquires into Nikola fraud claims - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Claire Bushey (@Claire_Bushey) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 19 Oct 2022 | Did China miss its chance to fix its economy? | 00:16:41 | |
The spotlight is on China as the Communist party’s 20th National Congress takes place this week. At a critical moment when President Xi Jinping prepares to stay on for an unprecedented third term as leader, there’s an important problem: China’s economy is slowing down. The FT’s China correspondent Edward White explains why this has happened and whether or not it's too late for Xi to make the changes necessary to put the country on a path to strong growth again. Clip from the South China Morning Post - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Xi Jinping’s last chance to revive the Chinese economy China’s property crash: ‘a slow-motion financial crisis’ China growth to fall behind rest of Asia for first time since 1990 China delays key GDP data in middle of Communist party congress - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Edward White (@edwardwhitenz) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 26 Oct 2022 | How Republicans weaponised climate investing | 00:16:40 | |
US Republicans are picking a fight with some major financial institutions over ESG, or environmental, social and governance investing. That means considering things such as climate risks, labour issues and board diversity when choosing investment funds. The FT’s corporate governance reporter Patrick Temple-West explains why Republicans are upset and what this backlash might mean for the future of ESG. Clips from Fox News, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: US Republicans pull $1bn from BlackRock over ESG investing concerns BlackRock: ESG tightrope is hard to navigate Making funding flows fair: Must ESG be bad news for emerging markets? Greenwashing faces fresh curbs in UK regulator’s crackdown - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Patrick Temple-West (@Temple_West) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 02 Nov 2022 | JPMorgan’s internal feud over wealthy clients | 00:16:51 | |
There’s some internal turmoil at JPMorgan Chase over who should manage the bank’s wealthiest clients. At the centre of the infighting is a top financial adviser who’s managed the accounts of some big names, including retired baseball player-turned-entrepreneur Alex Rodriguez. The FT’s US banking editor Joshua Franklin walks us through what led to this years-long legal battle at one of the world’s biggest banks. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Glitz and Gladwell: the infighting over prized JPMorgan wealth clients Baseball star Alex Rodriguez at centre of JPMorgan client poaching row Asset Management: Growth investors adapt to new paradigm Take our FT Podcast Listener Survey here. - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 10 Nov 2022 | Introducing Tech Tonic, Season 5: Climate tech to save the planet | 00:25:09 | |
Tech Tonic is back with a new season about climate tech. As more people fly, aviation is on track to becoming a much bigger problem for climate change. Host Pilita Clark, FT columnist and climate journalist, looks at the potential for a more sustainable aviation industry, a sector that’s struggled to come up with new technology to cut its emissions. Could we end up being forced to cut back on flying altogether? Producer Josh Gabert-Doyon travels to Farnborough Airshow, and we hear from Zero Petroleum’s Paddy Lowe, Boom Supersonic’s Blake Scholl, and executives from Boeing, Airbus, ADS, United and EasyJet. Follow Tech Tonic to hear the full season here. Hosted on Acast. See acast.com/privacy for more information. | |||
| 09 Nov 2022 | How Russia loots grain from Ukraine | 00:16:21 | |
Russia’s invasion of Ukraine earlier this year triggered a global food crisis. Recently, FT correspondents Polina Ivanova, Chris Cook and Laura Pitel found out how Russia aims to profit from this. Ivanova explains how they used satellite photos, transponder data and a document trail to track a Russian company’s shipment of 2,675 metric tonnes of milling wheat out of the occupied Ukrainian port of Berdyansk, across the Black Sea and over to a port in Turkey. Clips from CNN, PBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Russia secretly takes grain from occupied Ukraine Russian exit from Ukraine grain deal ‘catastrophic’ for poor nations Ships going dark: Russia’s grain smuggling in the Black Sea - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Polina Ivanova (@polinaivanovva) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 16 Nov 2022 | What FTX’s collapse means for crypto | 00:19:20 | |
The crypto exchange FTX was supposed to be among the “credible” players operating in digital finance. But its swift descent into bankruptcy shocked the financial industry. The FT’s asset management correspondent Josh Oliver explains what went wrong, and markets editor Katie Martin tells us what it says about the future of crypto. Clips from CBS, ABC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Sam Bankman-Fried seduced blue-chip investors DD goes forensic on FTX: A deep dive into the crypto collapse that has stunned finance FTX held less than $1bn in liquid assets against $9bn in liabilities Hedge fund admits half its capital stuck on FTX exchange - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Josh Oliver (@joshckoliver), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 23 Nov 2022 | Qatar’s $200bn bet on the World Cup | 00:17:53 | |
Qatar is in the spotlight as the host of this year’s World Cup — and the small, oil-rich nation has had to confront a lengthy human rights record with the world watching. The FT’s Gulf correspondent Simeon Kerr breaks down Qatar’s larger goals due to hosting the tournament, and what changes it has — and hasn’t — made to see those through. Clips from BBC, AP, PBS NewsHour, France24, The Guardian - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The ethical case for watching this possibly unethical World Cup Qatar counts down to World Cup kick-off after $200bn soft power bet How the unlikeliest World Cup ever came to be Qatar 2022: the weirdest World Cup in history - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Simeon Kerr (@simeonkerr) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 30 Nov 2022 | Best Of: Why VC funding is drying up | 00:17:28 | |
This week, we revisit one of our favourite episodes. After years of mega-deals and mega-money gushing into start-ups, venture capital fundraising hit a record-high last year. Now, the FT’s Richard Waters says the fundraising bonanza is over and helps us explore what that means for the future of start-ups. Clips from Looney Tunes: ⓒ Warner Bros. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Venture capital’s silent crash: when the tech boom met reality Klarna’s valuation crashes to under $7bn in tough funding round Venture capital’s delayed rendezvous with reality - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 07 Dec 2022 | Credit Suisse's last chance | 00:20:26 | |
At one time, Credit Suisse was considered to be among the most respected banks in Europe. The FT’s European banking correspondent Owen Walker explains how the Swiss bank is trying to make a comeback after years of scandal and losses — and what might happen if it fails. Clips from CNBC, DW News, Reuters - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Credit Suisse chair says outflows have reversed since ‘social media storm’ ‘Radical surgery’: Will Credit Suisse’s gamble pay off? Credit Suisse turns to ‘Uli the knife’ to cut bank loose from scandal - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Owen Walker (@OwenWalker0) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 14 Dec 2022 | Martin Wolf on the economy in 2023 | 00:20:47 | |
It’s our last episode of the year, so that means we’re looking ahead to 2023 with the help of the FT’s chief economics commentator Martin Wolf. He sat down with Michela to discuss some of 2022’s biggest stories — inflation, the war in Ukraine, climate change — and how they might impact events in the new year. Clips from NBC News, AP, Sky News, Channel 4 News, Al Jazeera, CNN, TRT World, Yahoo! - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How to think about policy in a polycrisis Delay only makes climate action more urgent Xi Jinping’s third term is a tragic error - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Martin Wolf (@martinwolf_) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 04 Jan 2023 | What we can learn from 300-year-old bubbles | 00:20:42 | |
Welcome back to a new year with Behind the Money! We’re starting off by paying a visit to the New York Public Library to take a peek into the past. Some 300 years ago parts of Europe were in the middle of a financial revolution that quickly turned into a financial frenzy and then — a fallout. With help from the FT’s US markets editor Jennifer Hughes, we’ll learn more about the Mississippi and South Sea Company Bubbles, and what they tell us about today. Clips from: NBC, CNBC, CBS News Music: Georg Philipp Telemann’s Overture-Suite in B-flat Major performed by Tempesta di Mare / The Philadelphia Baroque Orchestra - - - - - - - - - - - - - - - - - - - - - - - - - - Learn how to visit the New York Public Library’s exhibit, Fortune and Folly in 1720. - - - - - - - - - - - - - - - - - - - - - - - - - - Further reading: Business trends, risks and people to watch in 2023 FT writers’ predictions for the world in 2023 - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Jennifer Hughes (@JennHughes13) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 11 Jan 2023 | Indonesia’s secret to economic success | 00:16:46 | |
The global economy has been hit hard in the past few years by the Covid-19 pandemic, high inflation and Russia’s war in Ukraine. However, there’s one emerging economy that’s managed to succeed in spite of that - Indonesia. So, what’s its secret? We sat down with the FT’s Mercedes Ruehl to understand how the country got to where it is now, and whether that success will be permanent. Clips from Associated Press - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Indonesia’s unexpected success story Indonesia’s president steps on to world stage as G20 host Bauxite: holding resources hostage will impede Indonesia’s growth Indonesia’s growth outlook dims as Jokowi begins final term - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Mercedes Ruehl (@mjruehl) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 18 Jan 2023 | A turning point for Tesla? | 00:18:40 | |
Electric vehicle giant Tesla took the automotive industry by storm with its innovative technology, but the company’s stock price has slid significantly since last year. And its chief executive Elon Musk has some Tesla fans rethinking their support given Musk’s moves as the new owner of Twitter. But the FT’s Richard Waters says that Tesla faces a challenge much bigger than Musk’s latest tweets. Clips from CBS, ABC News, NBC, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - - BTM listeners, we want to know what you think of the show and what you want to see more of. Visit ft.com/btmsurvey to submit your feedback. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Trouble at Tesla: the end of a golden age of growth? Tesla cuts electric car prices across Europe and US to bolster demand OK, 2022 was a disaster for Tesla. What next? Musk/multitasking: the cost of being thinly stretched - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 25 Jan 2023 | China's reset | 00:20:08 | |
Last year, we talked about China needing to find a mechanism to fix its economy. It looks like it may have found it - by abruptly ending its zero-Covid policies. The FT’s Shanghai correspondent Tom Hale and Global China Editor James Kynge break down what President Xi Jinping’s main goals are and whether it’s enough to jumpstart the country’s economy. Clips from CNN, BBC - - - - - - - - - - - - - - - - - - - - - - - - - - BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your feedback. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Xi Jinping’s plan to reset China’s economy and win back friends China’s economy begins to reopen after 3 years of Covid isolation China’s Covid generation: the surging inequality behind Xi’s U-turn I spent 10 days in a secret Chinese Covid detention centre - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Tom Hale (@TomHale_), James Kynge (@JKynge) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 01 Feb 2023 | What’s behind the job cuts in Big Tech? | 00:19:35 | |
Several Big Tech companies have recently announced job cuts - and they pinned their decisions on a pandemic-induced hiring spree. But is that actually what’s driving the cuts? We sat down with the FT’s US financial commentator Robert Armstrong to get the full picture. Clips from Reuters, MSNBC, Yahoo Finance - - - - - - - - - - - - - - - - - - - - - - - - - - BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your feedback. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Bye-bye massages and free food: Big Tech cuts back perks The shock of mass lay-offs is only the beginning for companies - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Robert Armstrong (@rbrtmstrng) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 08 Feb 2023 | The US dollar loses its crown | 00:14:37 | |
The dollar dominated last year as the US Federal Reserve raised interest rates quicker than other countries to tame inflation. But the so-called “king dollar” has shifted recently. FT Capital Markets Correspondent Kate Duguid dives into how the greenback has been toppled from its throne and what that means for the rest of the world. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: US dollar hits reverse gear as Fed cedes rate-rise ‘driver’s seat’ Dollar touches 7-month low as Fed rate rise expectations slide The downturn in the dollar is not just about rates Emerging market governments raise $40bn in January borrowing binge - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Kate Duguid (@kateduguid) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 15 Feb 2023 | Europe’s Big Tech trust buster | 00:18:04 | |
The EU’s executive branch is known for leading the way when it comes to regulating crucial industries, like Big Tech. But for now, one country appears to be further ahead in the race to keep competition alive for European entrepreneurs. The FT’s EU correspondent Javier Espinoza explains who is leading the pack and what it means for everyone else. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Germany became Europe’s leading Big Tech trust buster Brussels re-energised for Big Tech battles EU braced for legal challenges to rules designed to tackle Big Tech Fight breaks out between Ireland and Germany over Big Tech regulation - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Javier Espinoza (@JavierespFT) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 22 Feb 2023 | The costs of Russia’s invasion of Ukraine | 00:30:56 | |
It’s been one year since Russia launched its full-scale invasion of Ukraine. We’re spending this episode talking to FT reporters and Ukrainian entrepreneurs about the costs of this war: How individuals' lives have been uprooted, how the country’s economy has been turned upside down, and how global markets such as food and energy have been transformed. Clips from CNN, BBC, NBC, PBS, Al Jazeera English - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Conflict with Russia hangs over Ukraine’s recovery Something for the weekend: the year of Ukraine Marking a year in the Ukraine war He wanted an adventure. He ended up in Ukraine’s most brutal war zone - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Ben Hall, (@hallbenjamin) Emiko Terazono, (@EmikoTerazono) Tom Wilson (@thomas_m_wilson) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 01 Mar 2023 | What’s causing the US airline chaos? | 00:19:57 | |
Recently, flying in the US seems to be more chaotic than calm. And while it may seem like this all started recently, the FT’s Chicago Correspondent Claire Bushey takes us back to a decision that happened in the 1970s that got us to where we are now. Clips from NBC, PBS, CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How the US fell out of love with flying Passengers to keep ‘paying the price’ of aviation chaos, says United CEO Hyper-efficiency is bad business US airlines: higher fares and (hopefully) better service - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Claire Bushey (@Claire_Bushey) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 08 Mar 2023 | Tracking the mysterious rise of a UAE company | 00:22:01 | |
Over just a few years, the share price of an obscure company from the United Arab Emirates has jumped 40,000%. But little is known about International Holding Company, which has investments in everything from Elon Musk’s SpaceX to India’s Adani Group. The FT’s Middle East editor travelled to Abu Dhabi to get answers about its rapid growth and its connections to some of the most powerful people in the Gulf. Clips from MSNBC, CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The UAE business that went from obscurity to a $240bn valuation in 3 years The sheikh’s empire driving Abu Dhabi’s meteoric stock market rise The Abu Dhabi royal at the nexus of UAE business and national security Groovy girls, typing pools and labour camps: the complicated world of IHC - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Andrew England (@cornishft) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 15 Mar 2023 | Why SVB’s collapse is not a 2008 repeat | 00:22:36 | |
The collapse of Silicon Valley Bank last week raised questions about the strength of the United States’ banking system, and whether we’re headed for another financial crisis. The FT’s US financial commentator Robert Armstrong tells us why he’s not freaking out. Clips from CBS, NBC, CNN, DW - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: SVB was only a little bit insolvent, luckily SVB’s collapse is not a harbinger of another 2008 The weekend US officials hatched a plan to stave off a banking crisis Silicon Valley Bank shows the perils of regulators fighting the last war For further discussion: Join an FT subscriber-only webinar on SVB’s collapse and the fallout, featuring Robert Armstrong and other FT journalists and guests, on Thursday March 16 1600-1700 GMT (1200-1300 ET). Register here. - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Robert Armstrong (@rbrtrmstrng) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 22 Mar 2023 | Martin Wolf on why banks fail and what to do about it | 00:20:05 | |
Credit Suisse… Silicon Valley Bank… Signature Bank… First Republic… After weeks of breaking headlines about banks in crisis, we are taking a big picture look at the sector with the FT’s chief economics commentator, Martin Wolf. In this episode, he explains why banks fail, and lays out the four paths that banking reform could take in the future. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Banks are designed to fail — and they do US capitalism is ‘breaking down before our eyes’, says Ken Griffin How the Swiss ‘trinity’ forced UBS to save Credit Suisse Four ways to fix the bank problem - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Martin Wolf (@martinwolf_) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 29 Mar 2023 | Inside UBS’s takeover of Credit Suisse | 00:24:43 | |
After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss government and Credit Suisse’s crosstown rival, UBS, raced against the clock to avert disaster. The FT’s banking editor Stephen Morris provides a front row look at how the deal came together. Clips from Bloomberg, CNBC, BBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How the Swiss ‘trinity’ forced UBS to save Credit Suisse Credit Suisse: the rise and fall of the bank that built modern Switzerland Saudi National Bank chair resigns following Credit Suisse comments And further listening: Behind the Money's December 2022 episode, Credit Suisse's last chance - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Stephen Morris (@sjhmorris) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 05 Apr 2023 | Climate crisis: Who should pay to rebuild Pakistan? | 00:19:02 | |
Climate disasters are becoming more and more common, and the countries most vulnerable to them are often the ones emitting the least pollution. That imbalance has sparked a debate on whether rich, polluting nations have a responsibility to contribute more when there are climate catastrophes. In today’s episode, we’re looking at one country that serves as an example: Pakistan. We’ll discuss how it plans to fund its recovery after record-breaking floods – worsened by climate change – submerged much of the south Asian country last year. Clips from Sky News Australia, Al Jazeera, Channel 4 News - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Rebuilding Pakistan: how much should rich nations help? ‘It’s the fault of climate change’: Pakistan seeks ‘justice’ after floods Debt burden traps global south in a vicious circle - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Ben Parkin (@b_parkyn), Camilla Hodgson (@CamillaHodgson), and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 12 Apr 2023 | Best Of: How Russia loots grain from Ukraine | 00:16:19 | |
This week, we’re revisiting an important episode from last year. Russia’s full-scale invasion of Ukraine in 2022 triggered a global food crisis. Months later, FT correspondents Polina Ivanova, Chris Cook and Laura Pitel found out how Russia aims to profit from this. Ivanova explains how she and her colleagues used satellite photos, transponder data and a document trail to track a Russian company’s shipment of 2,675 metric tonnes of milling wheat out of the occupied Ukrainian port of Berdyansk, across the Black Sea and over to a port in Turkey. Clips from CNN, PBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Russia secretly takes grain from occupied Ukraine Russian exit from Ukraine grain deal ‘catastrophic’ for poor nations Ships going dark: Russia’s grain smuggling in the Black Sea - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Polina Ivanova (@polinaivanovva) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 14 Apr 2023 | Introducing Behind the Money: Night School | 00:01:21 | |
There’s been a lot of big finance and economics news in 2023. Whether it's stories about rising interest rates, tech industry layoffs or bank runs, it can almost feel like you need an MBA just to make sense of it all. That’s why the Financial Times is launching a bonus series on this feed called Behind the Money: Night School. Over the next five weeks, this show will help you understand the concepts behind the biggest economic stories of this year. U.S. managing editor Peter Spiegel chats with FT journalists as they unpack the basics around things like energy markets, inflation and the rise of artificial intelligence. This series is supported by Blinkist. If you want to find out more about conversations like this, check out the Blinkist app. Behind the Money: Night School debuts on Monday, April 17. And, you can find it right here, on the Behind the Money podcast feed. Hosted on Acast. See acast.com/privacy for more information. | |||
| 17 Apr 2023 | Night School, Class 1: Green energy’s big year | 00:17:30 | |
It’s time to hit the books with Behind the Money: Night School. This series will serve as a primer to the biggest economic stories of 2023. On today’s episode, US Managing Editor Peter Spiegel talks with Derek Brower about energy policy. They discuss how the United States became almost energy independent, President Biden’s about-face on oil and gas, and why the Inflation Reduction Act might just transform America’s economy into a hub of green innovation. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing Masters of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 19 Apr 2023 | Why Apple can’t leave China | 00:21:49 | |
Apple has spent two decades and billions of dollars building a massive supply chain for its products. At the centre of that operation is China. But as Beijing has become more authoritarian and relations with the US sour, it has become harder for Apple to do business there. The company has been signalling recently that it will diversify away from the country, but the FT’s Patrick McGee tells Michela why cutting ties will be extremely difficult. Clips from Fox News, CGTN, Yahoo, ABC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Apple tied its fortunes to China What it would take for Apple to disentangle itself from China Tim Cook praises Apple’s ‘symbiotic’ relationship with China Apple and Foxconn win labour reforms to advance Indian production plans - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Patrick McGee (@PatrickMcGee_) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 25 Apr 2023 | Night School, Class 2: Why high inflation persists | 00:17:48 | |
Inflation remains stubbornly high in the US. In this week’s episode of BTM: Night School, US managing editor Peter Spiegel talks to US economics editor Colby Smith about how we got here and what the Federal Reserve can do to tamp down inflation. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school. - - - - - - - - - - - - - - - - - - - - - - - - - - Hosted on Acast. See acast.com/privacy for more information. | |||
| 26 Apr 2023 | FT Weekend: The secret gamblers using AI to hack horse racing | 00:23:42 | |
This week, we’re bringing you something from our fellow podcast, FT Weekend. The show travels to Miami, Florida, to drink some beers, place some bets, and discover how AI is changing the sport of horse racing. FT data journalist Oliver Roeder joins FTW host Lilah Raptopoulos to talk about how the ancient sport is being upended by anonymous computer-assisted bets. These secretive gamblers are injecting billions of dollars into the pools, and aggressively tipping the odds, and it’s putting the whole sport at risk. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: I used AI to bet on horse-racing. Here’s what happened Stake.com: the Aussie gambling minnow that made it big on crypto How English football became hooked on gambling - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Oliver Roeder (@ollie) and Lilah Raptopoulos (@lilahrap) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 01 May 2023 | Night School, Class 3: Big Tech vs the insurgents | 00:16:07 | |
From the rise of ChatGPT to job cuts at companies such as Meta and Amazon, tech has dominated the headlines in 2023. On this episode of Night School, the Financial Times’ innovation editor, John Thornhill, breaks down the biggest tech stories of the year so far. He tells US managing editor Peter Spiegel how artificial intelligence will revolutionise healthcare, who is winning in the global tech race, and what’s in store for blockchain’s future. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school. - - - - - - - - - - - - - - - - - - - - - - - - - - Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 03 May 2023 | How EY’s Project Everest collapsed | 00:18:23 | |
When news broke last year that EY was planning to split its businesses, it was seen as a move that could reshape the accounting industry. The bold plan was given an equally grand name, “Project Everest”. But after months of negotiations from within the firm, and despite the support of the global leadership, the plan recently fell apart. FT’s US accounting editor Stephen Foley and accountancy correspondent Michael O’Dwyer explain why that shakeup didn’t happen. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: EY risks paralysis and a power vacuum after break-up failure Julie Boland: the EY leader in the middle of a ‘civil war’ EY to cut 3,000 jobs in US to eliminate ‘overcapacity’ EY: embarrassing climbdown calls future strategy into question - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Stephen Foley (@stephenfoley) and Michael O’Dwyer (@_MODwyer) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 08 May 2023 | Night School, Class 4: ESG reshapes the boardroom | 00:20:39 | |
ESG has become a buzzword within public companies and among asset managers. Central banks and big asset managers such as BlackRock have been championing these standards, asking companies to consider climate change and corporate governance. But ESG is also seeing a backlash. Gillian Tett, founding editor of the Financial Times’ Moral Money newsletter, explains how it is changing the corporate boardroom and how much of an effect the pushback against ESG is having. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 10 May 2023 | Can Intel bounce back? | 00:17:35 | |
Silicon Valley legend Intel was the semiconductor chip industry’s global leader for decades. Lately it’s fallen behind, just as the US is recognising the importance of chips to economic and national security. Now, Intel is trying to turn itself round. The FT’s Richard Waters explains its plans and the many challenges it will face in order to reclaim that stature. Clip from CNN - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Can Intel become the chip champion the US needs? Intel: Chips Act subsidies may impede a return to former glory - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 15 May 2023 | Night School, Class 5: How to read the markets | 00:18:55 | |
On the final episode of BTM Night School, we're talking markets: from stocks to bonds to commodities. We're joined by the FT's Markets editor Katie Martin and Ethan Wu, a member of the FT’s Wall Street team. Katie and Ethan unpack why last year was terrible for stocks, what bonds can tell you about inflation, and which market gives us the clearest picture into the “real” economy. This series is made in collaboration with Blinkist. To hear more conversations like this, check out the Blinkist app. - - - - - - - - - - - - - - - - - - - - - - - - - - Interested in pursuing a Master of Business Administration? Sign up for our newsletter course MBA 101 for your guide to applying and getting into business school. - - - - - - - - - - - - - - - - - - - - - - - - - - Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 17 May 2023 | Why companies don't want to list in the UK anymore | 00:20:22 | |
The London Stock Exchange once held the top spot in global financial markets. In recent years, that’s changed drastically. The FT’s Harriet Agnew and Katie Martin explain how a yacht floating off the Canary Islands 30 years ago played a critical role in changing the stock market. Clips from CBS, Thames News - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Britain’s ‘capitalism without capital’: the pension funds that shun risk ‘There are no domestic equity investors’: why companies are fleeing London’s stock market Why Europe’s stock markets are failing to challenge the US - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Harriet Agnew (@HarrietAgnew), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 03 Jul 2018 | Taking a short break | 00:01:00 | |
Behind The Money is going on a short hiatus for the next few weeks. We'll be back on Tuesday 31 July with brand new episodes. In the meantime, send us an email to behindthemoney@ft.com if you have any feedback on the series so far. What have you liked? What would you like to hear more about? We'll see you soon. Hosted on Acast. See acast.com/privacy for more information. | |||
| 24 May 2023 | Does anyone want a digital euro? | 00:20:32 | |
As cryptocurrencies have grown in popularity and people use cash less and less, central banks have been put on the defensive. Their solution to stay relevant and maintain control? A central bank digital currency. Institutions such as the European Central Bank see it as their way to leap into the digital age. But as the ECB is pushing forward with its agenda, it’s facing criticism from the very people and banks who would help keep it alive. The FT’s Martin Arnold takes a closer look at the digital euro — its promises, pitfalls and why people took to the streets to protest against it earlier this year. Clips from CNBC, Council on Foreign Relations, Meta, NBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The digital euro: a solution seeking a problem? Central banks’ digital currency plans face public backlash Facebook Libra: the inside story of how the company’s cryptocurrency dream died - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Martin Arnold (@MAmdorsky) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 31 May 2023 | Best Of: Inside Johnson & Johnson’s bankruptcy two-step | 00:34:44 | |
This week, we’re revisiting an episode from last year. Johnson & Johnson, one of the world’s largest healthcare companies, is facing thousands of lawsuits from people alleging they got cancer from using one of their oldest products: talc-based baby powder. To manage the growing liability, J&J deployed a controversial bankruptcy manoeuvre known as the Texas two-step. The FT’s US pharmaceutical correspondent Jamie Smyth helps us explore whether J&J’s use of this manoeuvre is setting a precedent for corporations to evade accountability in America. Plus, stick around for an update on what’s happened to the Texas two-step since this episode first aired. Clip from NBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Johnson & Johnson’s ‘Texas-two-step’ sparks outcry over US bankruptcy regime Talc ruling a blow to J&J and the ‘Texas two-step’ bankruptcy jig Talcum powder cancer claims target J&J’s new consumer carve-out - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 07 Jun 2023 | Libor's long goodbye | 00:16:36 | |
At one time not that long ago, you could find Libor in everything: mortgages, corporate loans, credits cards and more. Now, its days are numbered. The FT’s Harriet Clarfelt and Philip Stafford take us back to the 1980s origins of the scandal-ridden benchmark rate, how its reputation came apart and why, with just weeks to go before a June 30 deadline, one part of the financial world is still racing to leave it behind. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Loan market braced for rush to Libor finish line The pain and SOFRing are almost over ‘Litigation will take over’: US lawmakers warned of Libor chaos - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Harriet Clarfelt (@HClarfelt), Philip Stafford (@staffordphilip) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 12 Jun 2023 | Introducing Unhedged | 00:00:58 | |
We want to tell you about a new podcast coming soon! On Unhedged, Ethan Wu, Katie Martin and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Unhedged launches June 13, you can follow the show here! Hosted on Acast. See acast.com/privacy for more information. | |||
| 14 Jun 2023 | Is Africa’s debt cycle unbreakable? | 00:17:42 | |
Ghana was once considered a success story and a model for African development. But after suffering several economic shocks, the west African country is now struggling to pay off its debts. The FT’s west Africa correspondent Aanu Adeoye and Africa editor David Pilling explain how Ghana exemplifies the debt cycle that many African countries find themselves stuck in, and what has to change to break it. Clip from GhanaWeb TV - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Ghana’s economy became a cautionary tale for Africa Africa needs international help to avoid a lost decade Ghana default puts domestic debt ‘can of worms’ in the spotlight Ghana secures $3bn IMF deal after creditors agree to debt restructuring - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Aanu Adeoye (@aanuadeoye), David Pilling (@davidpilling) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 16 Jun 2023 | Is crypto a security, bro? | 00:15:19 | |
Crypto is at a crossroads. As exchanges and currencies blow up, the US Securities and Exchange Commission is ready to step in. But is crypto a security, like a stock? Or a tradable item of speculation, like a Beanie Baby? Today on the show, Robert Armstrong and Ethan Wu argue about the benefits and risks of regulating crypto. Also, we go short home prices, and long … the bone trade. Subscribe to the Unhedged newsletter Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 21 Jun 2023 | The downfall of a UK hedge fund titan | 00:24:52 | |
For decades, Crispin Odey sat atop the UK’s hedge fund scene. Lauded by many in financial circles as a charismatic maverick and known for taking high-risk bets on the market, he seemed untouchable. Until two weeks ago. The FT published a scathing investigation detailing the accounts of more than a dozen women accusing Odey of sexual misconduct. Madison Marriage and Antonia Cundy, from the FT’s special investigations team, look at the fallout from these allegations, and explain whether they think this is the start of a reckoning in UK finance. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: How Crispin Odey evaded sexual assault allegations for decades The week the City ditched Crispin Odey When it comes to harassment, the City must stop protecting its wallet The fallout from the FT’s Crispin Odey investigation - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Madison Marriage (@miss_marriage), Antonia Cundy (@antoniacundy) and Michela Tindera (@mtindera07). You can contact Madison and Antonia directly here: madison.marriage@ft.com and antonia.cundy@ft.com Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 28 Jun 2023 | How a big biotech’s start-up gamble went wrong | 00:23:46 | |
Illumina, the world’s biggest gene sequencing company, announced plans to buy cancer detection start-up Grail for $8bn while the biotech boom was in full swing. To Illumina, Grail looked like a potential gold mine. Until reality — and regulators — entered the picture. Three years and an activist investor campaign waged by Carl Icahn later, the FT’s US pharmaceutical correspondent Jamie Smyth explains the problems that have cropped up and what it means for both companies and their shareholders. Clips from Illumina Inc / Seeking Alpha, Yahoo - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Carl Icahn takes aim at genome sequencer Illumina over Grail deal Has Illumina taken the wrong path in its Grail quest? Quick blood tests to spot cancer: will they help or harm patients? - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 05 Jul 2023 | Best Of: Tracking the mysterious rise of a UAE company | 00:22:26 | |
This week, we are revisiting an episode from earlier this year about an obscure firm from the United Arab Emirates: International Holding Company’s share price has jumped 40,000 per cent in just a few years. But little is known about the business, which has investments in everything from Elon Musk’s SpaceX to India’s Adani Group. The FT’s Middle East editor Andrew England travelled to Abu Dhabi to get answers about its rapid growth and its connections to some of the most powerful people in the Gulf. Clips from MSNBC, CBS - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: The UAE business that went from obscurity to a $240bn valuation in 3 years The sheikh’s empire driving Abu Dhabi’s meteoric stock market rise The Abu Dhabi royal at the nexus of UAE business and national security Groovy girls, typing pools and labour camps: the complicated world of IHC - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Andrew England (@cornishft) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 12 Jul 2023 | Frances Haugen’s lessons as a Facebook whistleblower | 00:22:58 | |
Frances Haugen was just another Silicon Valley tech worker until she decided to speak up about what was happening inside Facebook. Now she’s written a book about her experience titled The Power of One: How I Found the Strength to Tell the Truth and Why I Blew the Whistle on Facebook. Frances talks to Michela about what she’s learned. Clips from CBS, CNBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Who is Facebook whistleblower Frances Haugen? Facebook after the whistleblower: can Zuckerberg reboot the social network? The FT’s 25 most influential women of 2021 - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 19 Jul 2023 | Macquarie’s grip on global infrastructure | 00:20:03 | |
About 30 years ago, an Australian investment company called Macquarie figured out how to turn public utilities into lucrative assets. This strategy helped catapult the company into the biggest infrastructure investor in the world. Now, its services range from delivering tap water to London to transporting gas across the United States. But recently it has emerged that one of Macquarie’s former assets, Thames Water, is struggling, and the utility’s consumers are feeling the consequences. We sit down with the FT’s infrastructure correspondent Gill Plimmer to discuss what we can learn from Thames Water’s troubles and what happens when private investments meet a public necessity. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Managed by Macquarie: the Australian group with a grip on global infrastructure The dangers of asset managers when it comes to long-term infrastructure How the Thames Water-gate burst Thames Water travails threaten to plunge privatised sector into crisis - - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Gill Plimmer (@gillplimmer1) and Topher Forhecz (@ForheczT) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||
| 26 Jul 2023 | A different way to understand the US economy | 00:22:21 | |
Under “normal” circumstances, economists and analysts study a variety of specific indicators to understand what’s happening with the US economy. But lately, those indicators have been sending mixed signals. The FT’s US financial commentator Robert Armstrong explains why they’re wonky and how that’s led him to a different data source to help him understand the economy. Plus, have your own burning questions about business or finance? Send us your questions and we may use them in a future show! Record a voice message here: https://sayhi.chat/rmc2b Or, email Michela at michela.tindera@ft.com, or message her on Twitter at @mtindera07 - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: There is more slack in labour markets than we think An ‘immaculate disinflation’ in the US is not guaranteed Stocks rise on robust US bank earnings and ECB rates signal Listen to the Unhedged podcast Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information. | |||