India’s middle-class debt crisis

India’s middle-class debt crisis

Nvidia says it expects to take a $5.5bn blow as the US clamps down on the Silicon Valley group’s ability to export artificial intelligence chips to China, and PwC is exiting 12 countries. Plus, the junk bond market has basically ground to a halt, and India’s middle class is dealing with a debt crisis that could impact the country’s growth ambitions.


Mentioned in this podcast:

Nvidia to take $5.5bn hit as US clamps down on exports of AI chip to China

Risky corporate borrowers shut out of bond market since Trump’s tariff blitz

How India’s middle-class debt crisis is threatening growth

PwC exits 12 countries in push to avoid scandals


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katya Kumcova, Saffeya Ahmed, Katie McMurran, 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


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Tuesday, March 26

Tuesday, March 26

Members of UK Parliament vote to seize control of the Brexit process, Apple brings out Hollywood’s biggest names to unveil a renewed push into digital services and McDonald’s makes another investment in its restaurant technology. Plus, the FT’s motor industry correspondent Peter Campbell explains why Volvo’s chief executive is warning about self-driving cars. Hosted on Acast. See acast.com/privacy for more information.

26 Mars 20199min

Monday, March 25

Monday, March 25

Theresa May fends off a challenge to her leadership ahead of a high-stakes week for Brexit, Robert Mueller’s report on Russian meddling in the 2016 election finds no collusion and Uber is expected to sign a $3.1bn deal for a Dubai-rival. Plus, the FT’s global technology correspondent Tim Bradshaw explains what to expect from Apple’s big bet on television. Hosted on Acast. See acast.com/privacy for more information.

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Friday, March 22

Friday, March 22

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22 Mars 20198min

Thursday, March 21

Thursday, March 21

UK Prime Minister Theresa May makes a big gamble that risks a no-deal Brexit, the Federal Reserve signals it will hold rates steady all year as economic growth slows, Levi Strauss returns to the stock market with a $6.6bn valuation and retailer Williams Sonoma delivers an unusually rosy outlook for the year. Hosted on Acast. See acast.com/privacy for more information.

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Wednesday, March 20

Wednesday, March 20

EU leaders tell the UK government there are no guarantees Brexit can be delayed, Google overhauls how it displays certain search results in Europe to avoid more trouble, another round of US-China trade talks are scheduled for next week in Beijing and FedEx shows the effects of a weakening global economy. Plus, the FT’s Kadhim Shubber explains the latest in the fight between Tesla chief executive Elon Musk and the US Securities and Exchange Commission. Hosted on Acast. See acast.com/privacy for more information.

20 Mars 20199min

Tuesday, March 19

Tuesday, March 19

The Speaker of the House of Commons delivers a fresh blow to Prime Minister Theresa May's Brexit deal hopes, the $43bn Worldpay deal piles pressure on rivals for more tie-ups and US farmers are being cut out of the Japanese market. Plus, the FT's Shannon Bond explains how ride-hailing company Lyft plans to pitch investors before its upcoming IPO. Hosted on Acast. See acast.com/privacy for more information.

19 Mars 20199min

Monday, March 18

Monday, March 18

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18 Mars 20199min

Friday, March 15

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