economic_uncertainty

French immigration reforms put Emmanuel Macron’s leadership to the test, Pisa rankings show sharp decline in student attainment in maths and reading since 2018, India’s stock market is set to take Hong Kong’s spot among world’s largest, and Shohei Ohtani signs a record $700mn baseball contract with Los Angeles Dodgers. 

Mentioned in this podcast:

UK students fall behind on core skills post-pandemic

EY to cut a further 150 UK jobs as Big Four firms grapple with waning demand

Shohei Ohtani signs record $700mn baseball contract with Los Angeles Dodgers

India’s stock market set to take Hong Kong’s spot among world’s largest

French immigration reforms put Emmanuel Macron’s leadership to the test

Credit: MLB.com 

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva, Gavin Kallmann, and Zach St. Louis. Our engineer is Monica Lopez. 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.

The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, Facebook parent Meta returned to double-digit revenue growth for the first time since the end of 2021, and US federal prosecutors charged British billionaire Joe Lewis with 19 counts related to insider trading. Plus, China’s foreign minister Qin Gang vanished a month ago and was not replaced until this week.

Mentioned in this podcast:

Federal Reserve raises US interest rates to highest level in 22 years

Facebook parent Meta posts strong revenue growth amid restructuring

UK billionaire Joe Lewis surrenders to US authorities on insider trading charges

China insists diplomacy ‘orderly’ after foreign minister’s shock removal

Mattel hails ‘Barbie’ movie success as ‘showcase’ for more brand tie-ups

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.

The US Federal Reserve paused its interest rate rise campaign on Wednesday after 10 straight increases, and former UK prime minister Boris Johnson has been found to have committed “multiple” contempts of parliament. Plus, Russian energy giant Gazprom has been backing militias in the Ukraine war.

Mentioned in this podcast:

Federal Reserve pauses rate rise campaign but signals more to come

Boris Johnson found to have committed ‘multiple’ contempts of parliament

‘Stream’ and ‘Torch’: the Gazprom-backed militias fighting in Ukraine

Beyonce blamed for stubbornly high Swedish inflation

Credit: Beyonce performs Break My Soul in Stockholm

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. 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.

Russia’s stock market has climbed to its highest level in more than a year, European commercial real estate deals hit an 11-year-low last quarter, and Big Tech continues to prop up the US stock market.

Mentioned in this podcast:

Russian stock market hits year high as trapped investors have nowhere else to go

Traditional investors are learning it’s tricky to be picky

European commercial real estate dealmaking falls to 11-year low

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. 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.

Yes, it’s another Budget. On Wednesday, November 22, Philip Hammond will stand up and deliver his second Budget of the year and this is his chance to ride to the Conservatives’ rescue. After the last Budget mess, the snap election that went wrong, the unexpected rise of Corbynism, and the Brexit arguments that just won’t go away, the Chancellor will be hoping that he’s the one to get everything back on track. So what could he deliver – and what should he? From help for younger people, to stamp duty cuts, pension tinkering, building more homes and just fixing the roads, Simon Lambert, Rachel Rickard Straus and Georgie Frost take a run through what might come up and what it would mean for you. And they outline what they would like to see. The problem for the Chancellor, as he shifts the Budget to the autumn for the first time, is that there is a tension between his desire to do something and his lack of wriggle room due to Britain’s finances. How will he solve that problem? Listen to the podcast to see what we think – and tell us your thoughts in the comments.

Enjoy.

Banks, the City, Wall Street, call them what you will – they use jargon to steal your money.

It’s what caused the walloping financial crash in 2008.

And it’s possibly what’s going to cause another one eight years later – that’s right, in 2016; this year!

We’re in a bear market.

What even is a bear market? The opposite of bull, of course. See how easy it is?

This week, This is Money editor Simon Lambert and personal finance editor Rachel Rickard Straus join Share Radio’s Georgie Frost to help listeners understand some of this nonsense.

There’s even a Hollywood movie just out about financial jargon, The Big Short, the story of how collateralized debt obligations brought down the world economy because no one knew what they were. It’s nominated for five Oscars, including best picture.

A bear market is a bad one. Bear = bad. It’s when share prices fall. Bull = good. That’s it really. Listen to Rachel and Simon for more detail.

Also in the podcast:

Davos – why the hell do our financial leaders go to Davos to discuss the global economy? It’s a ski resort in Switzerland - the most expensive place they could choose. What do they do when they get there? Do they even go skiing?

Why does a low oil price affect everything else so much? It’s not what you think. It’s what oil producers do with all that income and what they can’t do with it now that’s the problem.

Why are broadband companies allowed to mislead customers with their advertising? Surely it’s not because of a supine advertising regulator?

In ‘good on the face of it’ news of the week E.on customers are going to have their energy bills CUT by 5%. But the wholesale price of oil and gas has fallen 20% since its peak. E.on gets points for being first but that’s not enough E.on! Will the others follow suit?

If you’re worried about the markets this year - keep worrying.

If you’re thinking of ever retiring or voting Tory – you probably ought to understand what Chancellor George Osborne is planning to do with your pension.

If you’ve ever had a job or fancy a change you must listen to the bit at the end about CVs.

If you thought you knew what to put in your CV, such as volunteering experience and keeping it to two pages. You’ve been doing it it all wrong.

Listen and learn.

And then you might get a new job.

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