US Federal Reserve chair Kevin Warsh will seek to soothe investors’ nerves at this week’s Jackson Hole symposium, Andy Burnham is headed to Ukraine for his first overseas trip as Britain’s prime minister, and Saudi Arabia held talks with London brokers for a state-backed war insurance scheme. Plus, we take a deep dive into an investment giant that’s slowly unravelling, and Canada’s prime minister says the country is “at war” with the US over trade.

Mentioned in this podcast:

Warsh seeks to soothe investors’ nerves as signs of economic strain mount

Burnham to pledge support for long-range missile construction in Ukraine

Mark Walter’s unravelling empire tests the insurance trade behind private credit’s rise

Mark Carney says Canada ‘at war’ with US over trade

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Support this week from Kelly Garry. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an investor frenzy for Chinese technology stocks, and a Chinese court has sentenced Evergrande founder Hui Ka Yan to life in prison.

Mentioned in this podcast:

Scott Bessent takes on the bond vigilantes

Western oil refinery closures set to continue despite war shock

Shanghai’s answer to Nasdaq outstrips Hong Kong amid Chinese tech frenzy

Founder of collapsed Chinese property giant given life sentence

Credit: CNBC

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. 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.

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiring students in their first few months of law school and Irish pubs are disappearing.

Mentioned in this podcast:

US Treasury to double buybacks of long-term government debt

Moderna shares double on melanoma vaccine trial success

Top US law firms hit by backlash over ‘crazy’ hiring of first-year students

Death stalks the Irish pub

Want to get in touch? Email us at podcasts@ft.com

Note: The FT does not use generative AI to voice its podcasts

The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, and Katya Kumkova. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. 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.