US President Donald Trump’s executive order this week seeks to “rein in” independent federal agencies by requiring them to submit draft regulations for review. The FT’s US managing editor Brooke Masters and our legal and enforcement correspondent Stefania Palma discuss what the new measures mean for the business community.

Mentioned in this podcast:

Trump makes push for control of independent US regulators

US dealmaking suffers worst start to a year in a decade amid Trump volatility

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Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

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Investors are urging the EU to make sweeping reforms to its debt securitisation market, Walmart has staged a major comeback, and Chinese ecommerce giant Alibaba reported its fastest revenue growth in more than a year. Plus, the FT’s John Paul Rathbone explains how Europe could defend itself should Donald Trump pull US military assets.

Mentioned in this podcast:

Investors call for shake-up of Europe’s ‘failed’ securitisation market

How Europe can defend itself without US help

How a resurgent Walmart saw off the Amazon threat

Walmart points to ‘uncertain time’ with warning of weaker sales growth

Alibaba to ‘aggressively’ invest in AI over next three years

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

KKR has submitted a preliminary bid to take a majority stake in Thames Water, and HSBC set out its cost cuts in its annual earnings report yesterday. UK inflation hit a 10-month high. Plus, Germany has lost half a million manufacturing jobs since 2020.

Mentioned in this podcast:

German manufacturing job losses deepen fears over industrial decline

UK inflation rises to 10-month high of 3% in January

HSBC sets out scale of cost cuts under chief executive’s restructuring plan

KKR submits £4bn bid to take majority stake in Thames Water

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

The US and Russia have agreed to ‘lay the groundwork for future co-operation’ on ending the Ukraine war, and US president Donald Trump has his eyes on Ukrainian mineral deposits. Plus, developers of small modular nuclear reactors have raised at least $1.5bn in funding over the past year thanks to AI data centers.

Mentioned in this podcast:

US and Russia agree to ‘lay the groundwork’ for ending Ukraine war

The Ukrainian mineral riches in Donald Trump’s sights

Big Tech’s AI ambitions deliver funding boost to nuclear reactor race

Subscription promo: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Tesla risks being caught up in the China-US trade war, while US officials head to Saudi Arabia to start peace talks over Ukraine. Indonesia reaches “Opec status” as it dominates the global nickel trade. Plus, the US-India deal signals a bonanza for US gas imports.

Mentioned in this podcast:

Tesla braces for delay to China licence as Trump trade tensions mount

The ‘Opec’ of nickel: Indonesia’s control of a critical metal

European countries clash over sending troops to Ukraine

Subscription promo: ft.com/briefingsale

This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

French President Macron holds an emergency meeting in Paris with Ukraine’s allies, and a stock index featuring Europe’s largest banks is outpacing the United States’ Magnificent Seven tech giants. Plus, the activist hedge fund Elliot Management is on a mission to rejuvenate British Petroleum.

Mentioned in this podcast:

Europe scrambles to respond as US and Russia prepare for Ukraine peace talks

Hedge fund Elliott shakes BP from its strategic slump

Magnificent 7? Try the Magnificent 47 for size

Subscription promo: ft.com/briefingsale

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Ukraine is dominating discussions at this year’s Munich Security Conference after a call between Donald Trump and Russia’s Vladimir Putin, which ended with the US president declaring that peace talks will start “immediately”. The FT’s Moscow bureau chief Max Seddon is on to discuss, alongside Keir Giles, author of the recent book Who Will Defend Europe?

Mentioned in this podcast:

Donald Trump opens the door to Vladimir Putin’s grandest ambitions

EU to ease fiscal rules to boost defense spending

How will Europe defend itself?

Sign up for the FT’s Swamp Notes newsletter here

Swamp Notes is produced by Marc Filippino and Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Arm plans to launch its own chip this year, and Shein’s IPO will likely be delayed after US President Donald Trump’s crackdown on tariff-free imports. Plus, Robinhood has evolved from an app that sprayed digital confetti when customers made their first trade to one that aims to serve as a broader financial services platform.

Mentioned in this podcast:

Arm secures Meta as first customer for ambitious new chip project

Shein IPO plans hit by Trump’s low-cost parcels crackdown

Has meme-stock kid Robinhood finally come of age?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.