Friday, August 23
FT News Briefing23 Aug 2019

Friday, August 23

A harbinger of a recession, the yield on the two-year Treasury bill rose above that of the benchmark 10-year note again on Thursday as the world’s central bankers convened in Jackson Hole, Wyoming. Plus, intensifying regulatory scrutiny of Facebook’s Libra digital currency has spooked some of the project’s early backers, and Brazil’s environment minister says the solution to illegal logging in the Amazon is to “monetise” it. Then, the FT’s Victor Mallet previews what might come out of this weekend’s G7 summit.

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Strait of Hormuz crisis poses fresh threat to global food, energy

Strait of Hormuz crisis poses fresh threat to global food, energy

The World Food Project warns millions more could be pushed into acute hunger if the Strait of Hormuz remains closed. Plus, energy executives meet in Houston as war in Iran rages, and China pitches its...

23 Mars 12min

The ‘Armageddon scenario’ for gas markets

The ‘Armageddon scenario’ for gas markets

Investors sounded the alarm on Thursday after a major Qatar gas facility took serious damage, and amateur traders are going wild for five-minute bets. Mentioned in this podcast:‘Armageddon scenario’ f...

20 Mars 12min

Federal Reserve holds steady as inflation fears mount

Federal Reserve holds steady as inflation fears mount

The US has relaxed sanctions on Venezuela’s state-owned oil group Petróleos de Venezuela and the Federal Reserve has stuck with plans to cut rates later this year. Plus, Walmart won patents to give al...

19 Mars 11min

How Saudi Arabia’s bet on Iran backfired

How Saudi Arabia’s bet on Iran backfired

The EU wants to make mergers a bit easier, Wall Street banks are offloading $18bn of debt tied to video game maker Electronic Arts, and investors are piling into cash at the fastest rate since the Cov...

18 Mars 10min

Iran war tests China’s oil stockpile

Iran war tests China’s oil stockpile

The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is pu...

17 Mars 10min

US shale producers not yet tempted by $100 oil

US shale producers not yet tempted by $100 oil

Donald Trump warned Nato faces a “very bad” future if US allies fail to assist in opening up the Strait of Hormuz, and though oil prices have breached $100 per barrel, America’s shale producers aren’t...

16 Mars 12min

Artificial intimacy: How to fall in love with AI

Artificial intimacy: How to fall in love with AI

Introducing Artificial intimacy from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed.Calder Quinn has fallen into a relationship with a chatbot called Sara. She’s kind, emot...

14 Mars 37min

US-Iran war boosts Russian oil revenues

US-Iran war boosts Russian oil revenues

Gulf oil producers have lost billions of dollars in energy revenues since the start of the US-Iran war, but there is one country benefiting: Russia. It is earning as much as $150mn a day in extra budg...

13 Mars 12min

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