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    Evening Briefing Thursday 21st September

    enSeptember 21, 2023

    Podcast Summary

    • Bank of England maintains interest rates, Rupert Murdoch steps down as News Corp chairmanThe Bank of England kept interest rates steady amid falling inflation, while Rupert Murdoch, after a 70-year career, steps down as News Corp chairman, with his son Lachlan taking over.

      The Bank of England kept interest rates unchanged despite falling inflation, as they aim to balance controlling inflation and preventing economic slowdown. Rupert Murdoch, a media tycoon and founder of News Corp, is stepping down as chairman but will remain involved, with his son Lachlan taking over. This decision comes after Murdoch's 70-year career marked by innovation and impact on the media landscape. The economic landscape faces a delicate balance, with the BoE aiming to keep inflation in check while avoiding economic downturn. Meanwhile, Murdoch's legacy continues with his son taking the helm at News Corp.

    • Two British Knights in the News: Media and PoliticsSir David purchased The Sunday Times and The Times, saving them from lockout, while Sir Keir hinted at closer EU ties. Five Bulgarians charged with Russian spying, King Charles addressed French senate, and flexibility emphasized in various sectors.

      Sir David and Sir Keir are making headlines in their respective fields. Sir David's purchase of The Sunday Times and The Times saved these newspapers during a lockout, expanding his media business. Sir Keir, the Labour leader, has hinted at aligning Britain closer with the EU if he gains power, sparking debates about post-Brexit relations. Meanwhile, five Bulgarians have been charged with spying for Russia, and King Charles made history as the first British monarch to address the French senate, receiving a warm reception. Additionally, flexibility is a key theme - from yoga to health insurance, and celebrating life's special occasions with 1800flowers.com.

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    Mentioned in this podcast:

    Amazon’s cost-cutting and online sales lift earnings

    Apple profits rise as services arm surpasses 1bn users

    Bank of England raises interest rates by 0.25 percentage points

    Treasury yields keep climbing after US increases borrowing plans

    FT Weekend festival promo code: FTPodcast


    The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


    Read a transcript of this episode on FT.com



    Hosted on Acast. See acast.com/privacy for more information.


    9. The Causes of Inflation, The Impact of Interest Rate Hikes, and The UK Economy

    9. The Causes of Inflation, The Impact of Interest Rate Hikes, and The UK Economy

    It's been a wild month or two for the UK economy, but after two prime ministers and four chancellors, things have finally settled down a bit. We'll take a look at the past month or so, the impact of interest rates on inflation, and what it all means for you.

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    Banks try to avoid ending up like SVB

    Banks try to avoid ending up like SVB

    Sterling suffers biggest one-day fall against the dollar in a month following UK growth fears, US banks are stepping up the sales of their loan portfolios, and Odey Asset Management continues to spiral after an FT investigation into sexual misconduct allegations at the hedge fund. 


    Mentioned in this podcast:

    US banks step up sales of loan portfolios to private lenders

    Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds

    Wall Street shares waver as central bankers warn of more rate rises


    The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


    Read a transcript of this episode on FT.com



    Hosted on Acast. See acast.com/privacy for more information.