<p>Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that remain in Russia paid the Kremlin hundreds of millions of euros in taxes last year, and Turkey is in talks with the US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas. Plus, the message from Big Tech companies to investors about when AI will be profitable: be patient. </p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href="https://on.ft.com/3UAPwcO" rel="noopener noreferrer" target="_blank">Ban on non-compete agreements sends shockwave across Wall Street</a></p><p><a href="https://on.ft.com/3QoqGdU" rel="noopener noreferrer" target="_blank">Microsoft and Alphabet enjoy AI-powered gains from cloud divisions</a></p><p><a href="https://on.ft.com/3JDJguE" rel="noopener noreferrer" target="_blank">Question of pay-off from AI hangs over Big Tech earnings</a></p><p><a href="https://on.ft.com/4aVzkZs" rel="noopener noreferrer" target="_blank">Western banks in Russia paid €800mn in taxes to Kremlin last year</a></p><p><a href="https://on.ft.com/3QpbXzj" rel="noopener noreferrer" target="_blank">Turkey in talks with ExxonMobil over multibillion-dollar LNG deal</a></p><br><p>The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.</p><br><p><a href="https://www.ft.com/content/42248c29-eb97-4672-b7e8-de19ae752966" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
