FT News Briefing

BP chief executive Murray Auchincloss has said he will step down after less than two years in the role, India’s central bank governor expects the country’s interest rates to remain low for a ‘long period’, and UK inflation fell more than expected to an eight-month low of 3.2 per cent. Plus, global companies are seeking private equity partners in China to take on their local operations as they grapple with an increasingly competitive local market.Mentioned in this podcast:BP picks Woodside boss Meg O’Neill as new chief executiveIndia’s central bank governor signals rates to stay low for ‘long period’UK inflation falls more than expected to 3.2% in NovemberGlobal brands seek private equity partners to save their China businessesNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. 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.

JPMorgan's withdrawals from Federal Reserve to buy Treasuries total $350bn

Shell’s merger chief departed after a bid to acquire rival BP was quashed internally, and the EU’s top trade official warns the bloc would lose global credibility if it fails to approve its trade deal with the Mercosur group of South American countries. Plus, Brussels plans to scrap the EU’s 2035 combustion engine ban, and hedge funds and trading firms are piling into physical commodities markets in search of new sources of returns.Mentioned in this podcast:Shell mergers chief departed after CEO blocked bid for BPEU will lose face if it rejects Mercosur deal, warns trade commissionerBrussels plans to scrap 2035 combustion engine banHedge funds pile into commodities in search of fresh source of returnsNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. 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.

Trading in insurance-like products that protect against tech company defaults is booming

Cryptocurrency entrepreneur Do Kwon is sentenced to 15 years in prison on two counts of fraud, and the Walt Disney Company will allow OpenAI to use its characters in its flagship products. Plus, football fans are outraged over ticket prices for next year’s World Cup. And, you’ll meet the hardliner who wants to make Chile great again.Mentioned in this podcast:Crypto founder Do Kwon sentenced to 15 years in prisonDisney to invest $1bn in OpenAIFootball fans condemn ‘betrayal’ over ‘extortionate’ World Cup ticket pricesThe hardliner who wants to make Chile great againFriedrich Merz offers to host Ukraine talks so deal not done ‘above Europe’s head’Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. 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.