FT News Briefing

Dubai wants to bypass Strait of Hormuz

Ukraine received the go-ahead to buy Chinese drone parts with EU funds, the United Arab Emirates is trying to build a port that will bypass the Strait of Hormuz, and American small-cap companies are soaring after years of underperformance. Plus, the FT’s Michael Pooler explains how Brazil’s instant payment system ended up at the centre of a new US tariff threat.Mentioned in this podcast:Ukraine to buy Chinese drone parts with EU fundsUS to resume Strait of Hormuz blockade and charge fees on ships, Trump saysDubai plans new port to bypass Strait of HormuzBrazil rallies to defend much-loved payment system from Donald Trump’s attackUS small caps soar as investors look beyond big techWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

Citigroup’s ruthless remake

Wall Street banks are set to report their biggest haul from investment banking fees in four and a half years, while Citigroup boss Jane Fraser has ruthlessly rebuilt the bank to get it back to its pre-financial crisis glory. The US launched another round of strikes against Iran, and trustees at the World Economic Forum are clashing over leadership reforms.Mentioned in this podcast:Wall Street feasts on fees from SpaceX IPO and mega-mergersJane Fraser’s ruthless remake of CitigroupIran bets Trump will blink firstUS and Iran exchange fresh strikes in battle over Strait of HormuzWorld Economic Forum trustees clash over leadership reformsWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.

Rewiring sport: How technology is helping athletes break barriers

Introducing Rewiring Sport from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed.For decades, sportspeople have been getting fitter, faster and reaching ever-higher levels of performance. But as the margin between winning and losing shrinks, athletes are turning to technology to make the difference.In this new season of Tech Tonic, Josh Noble explores how advanced ‘supershoes’ are helping to break marathon records, how young players are using AI to catch the eye of recruiters in the ultra-competitive world of American football, and how UFC is finding new ways to keep fighters healthier for longer.This season of Tech Tonic is hosted by Josh Noble and produced by Josh Gabert-Doyon. The senior producer is Edwin Lane and the executive producer is Topher Forhecz. Sound design by Breen Turner and Sam Giovinco. Original music by Metaphor Music. The FT’s head of audio is Flo Phillips. Clips: BBC, British Pathé, MMA World, Fight Network, @SportsRecruitsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

World Cup stirs up colonial past

OpenAI and Google are selling their advanced AI models to Chinese tech giants blacklisted by the Pentagon, and South Korea's SK Hynix is listing in the US on Friday in what could be the biggest share sale in America by a foreign company. Plus, the World Cup has led to match-ups with a lot of history: former colonised nations versus their colonisers. Mentioned in this podcast:OpenAI and Google sell AI models to blacklisted China groupsSK Hynix’s jumbo share sale a sign of overheated timesFrance’s diverse football factory and the struggle for national unityWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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 cost of a broken ceasefire

The US struck Iran for the second night in a row, and the IMF warned that renewed conflict in the Middle East would drive up global inflation. Plus, US oil producers and refiners are set to post record profits from the Iran war. Mentioned in this podcast:Nato summit live news: Trump says ceasefire with Iran is overIMF warns inflation threat looms large over global economyUS oil on collision course with Trump over Iran windfallsWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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.