Venezuela demands its gold back from the UK

Leading US AI labs are releasing cheaper models to compete with cut-price alternatives from Chinese rivals. Venezuela’s government and opposition unite to demand $4bn in gold reserves back from the Bank of England. A flood of foreign currency bond issuance by Big Tech groups is shaking up the world’s smaller credit markets. Zambia’s President Hakainde Hichilema is running for a second term amid growing discontent that citizens aren’t seeing the results of the country’s economic rebound.

Mentioned in this podcast:

OpenAI and Anthropic in price war as Chinese AI rivals gain ground

Venezuela and its opposition want gold back from Bank of England

Hyperscaler AI borrowing binge shakes up foreign credit markets

Zambia’s election becomes battle over copper windfall

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

FT subscription finder: https://find-your-subscription.ft.com/?segmentId=288f5dc5-4a4b-0745-84da-8f07c7202cd4

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.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(2223)

Fed interest rate rises are back

The Federal Reserve has raised rates for the first time since 2023, and the EU has asked China to restrict exports of hybrid cars as part of a deal to prevent a trade war. Plus, AI has revolutionized ...

17 Syys 11min

US billionaires bankroll Republican election push

US and Chinese experts meet to discuss mitigating AI risks despite an ongoing tech rivalry, and US megadonors are largely backing Republicans in this midterm election season. Plus, Prime Minister Mark...

16 Syys 10min

What an AI slowdown could mean for investors

Tech stocks fell yesterday as markets reacted to ongoing talk of an AI apocalypse, industrial America is contending with a fresh wave of supply chain inflation, and foreign investors are now buying mo...

15 Syys 11min

Fed and BoJ expect rate hikes as US bond market flails

US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change thi...

14 Syys 11min

Oil hits $108 ahead of Iran’s meeting with Gulf states

US long-term borrowing costs surged to their highest level in more than two decades, and Gulf foreign ministers plan to meet their Iranian counterpart to negotiate a deal temporarily managing shipping...

11 Syys 11min

AI rewrites the venture capital playbook

US government bond yields jumped to their highest level in almost three years, and the Japanese yen has strengthened this week. Plus, the IMF ditched a top candidate for chief economist at the last mi...

10 Syys 11min

DeepSeek mania spawns shadow market

Anthropic declined to submit its latest model to Britain’s AI Security Institute for testing before release, Greece wants to become the next hedge fund hub, and crude prices jumped to nearly $100 a ba...

9 Syys 11min

Is the global maritime order breaking down?

Chinese tech giant Huawei faces a US racketeering trial. Bankers for Anthropic and OpenAI push for top-tier credit ratings. Plus, the EU signals greater openness to mega mergers.Mentioned in this podc...

8 Syys 10min