FT News Briefing

EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, European Commission president Ursula von der Leyen dismissed the no-confidence motion against her in a speech.  Mentioned in this podcast: Donald Trump deal to leave EU facing higher tariffs than UK [https://on.ft.com/3Ix3gSi] BCG modelled plan to ‘relocate’ Palestinians from Gaza [https://on.ft.com/40JppDc] BCG chief admits Gaza work was ‘reputationally very damaging’ [https://on.ft.com/4m3btMT] Von der Leyen bats away no-confidence vote but critics land punches  [https://on.ft.com/3TOvASV] Credit: European Commission Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com [https://www.ft.com/content/b43d2d8c-5388-4e14-963b-236f3910f5aa] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump.  Mentioned in this podcast: Donald Trump renews threat to hit trading partners with steep tariffs [https://on.ft.com/3GycYTS] Liechtenstein hit by Russia-linked ‘zombie trust’ crisis [https://on.ft.com/4lkFGXC] Shein files for Hong Kong IPO to pressure UK to save London listing [https://on.ft.com/3GuDGgh] ‘Elon has finally woken up’: Musk battles to save Tesla from Trump [https://on.ft.com/45SDMIU] Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com [https://www.ft.com/content/fa8eb001-77f7-40a5-99c7-c97e62d6eb19] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Israeli Prime Minister Benjamin Netanyahu visits Washington DC today to discuss a Gaza ceasefire proposal with US President Donald Trump, and US stocks are booming again despite uncertainty about the wider economy. Plus, Hong Kong’s stock exchange is attracting lots of companies, and venture capital is putting its own tech-focused spin on a private equity business model.  Mentioned in this podcast: Israel to join ceasefire talks despite ‘unacceptable’ response from Hamas [https://on.ft.com/4liheWS] Netanyahu and Trump to discuss new Gaza deal at White House [https://on.ft.com/3GtdB19] Are we rallying, or overcorrecting? [https://on.ft.com/40CHlzi] Hong Kong listings pipeline hits record high as equity market booms [https://on.ft.com/3IcWnFO] Tech venture firms deploy private equity ‘roll-up’ strategy [https://on.ft.com/3TV9DBp] Today’s FT News Briefing was produced by Sonja Hutson, Ethan Plotkin, Katya Kumkova, and Jess Smith. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com [https://www.ft.com/content/8ba8fdaf-f52d-41d8-a468-7bb06ff04731] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Donald Trump has secured passage of his flagship tax and spending legislation and the US jobs market exceeded expectations last month. Plus, the future of the UK’s National Health Service could be in jeopardy, and Hong Kong residents cancel trips to Japan over a comic book’s earthquake prophecy.  Mentioned in this podcast: What is in Donald Trump’s giant tax-cutting bill [https://on.ft.com/4ewM6QN] US economy surpasses expectations to add 147,000 jobs in June [https://on.ft.com/3G90dPL] The future of the NHS [https://on.ft.com/3I9pfid]  10-year plan NHS [https://on.ft.com/44eE0Jh] Hongkongers scrap Japan trips over comic book’s earthquake prophecy [https://on.ft.com/4lBoyN2] Today’s FT News Briefing was produced by Sonja Hutson and Katya Kumkova. Additional help from Blake Maples, Michael Lello, and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com [https://www.ft.com/content/fa55d764-6528-4620-944a-5db3f262cdb3] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

European CEOs are lobbying against AI regulations, and trade officials are rushing to make deals before US President Donald Trump’s tariffs take effect again. Plus, the Pentagon suddenly stalled some weapon shipments to Ukraine, and the UK’s watered-down welfare reform bill could mean higher taxes.   Mentioned in this podcast: European CEOs urge Brussels to halt landmark AI Act [https://on.ft.com/4laB2v6] US narrows trade focus to secure deals before Donald Trump’s tariff deadline [https://on.ft.com/46nmP9x] Ukraine summons top US diplomat after Washington halts some arms supplies [https://on.ft.com/3GqPm3C] Which UK taxes are expected to rise in the autumn Budget? [https://on.ft.com/4eyHaeb] Today’s FT News Briefing was produced by Sonja Hutson and Kasia Broussalian. Additional help from Blake Maples and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com [https://www.ft.com/content/1254c5f0-a872-447a-be3d-1729903bf595] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.