<p>The Federal Reserve cut interest rates by a quarter point, and Oracle shares fell on Wednesday after it reported disappointing revenues. Plus, there’s one conglomerate in Abu Dhabi dominating the economy and its ownership is in the hands of the royal family. </p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href="https://on.ft.com/4rVpNuC" rel="noopener noreferrer" target="_blank">Federal Reserve cuts rates to lowest level in three years in divisive decision</a></p><p><a href="https://on.ft.com/4pUCzYm" rel="noopener noreferrer" target="_blank">Oracle shares slide as data centre spending mounts</a></p><p><a href="https://on.ft.com/4rQ9lvr" rel="noopener noreferrer" target="_blank">How Abu Dhabi’s economy came to be dominated by IHC</a></p><br><p>Note: The FT does not use generative AI to voice its podcasts </p><br><p>Today’s FT News Briefing was hosted and edited by <a href="https://www.ft.com/sonja-hutson" rel="noopener noreferrer" target="_blank">Sonja Hutson</a>, and produced by Fiona Symon and Victoria Craig. 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.</p><br><p><a href="https://www.ft.com/content/dfaa86c2-df95-4035-866b-87c9d4f43251" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><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>
