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The lurking debt disaster behind India's tallest tower

In the past decade, some of India’s largest financial groups have made big investments in luxury property, notably an ambitious Mumbai tower that was supposed to set new standards in urban design. But the economic boom they hoped would spur demand failed to materialise. Jyotsna Singh talks to Benjamin Parkin in Mumbai about what went wrong and the resulting debt crisis that is holding back growth.


Contributors: Jyotsna Singh, Delhi reporter, and Benjamin Parkin, Mumbai correspondent. Proucers: Jyotsna Singh and Fiona Symon

 

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London Stock Exchange sees future in global data business

The London Stock Exchange group has confirmed that it is in advanced talks to buy Refinitiv in a $27bn deal that would turn it into a global exchanges and data powerhouse. Patrick Jenkins discusses the proposed deal with Arash Massoudi, the FT’s corporate finance and deals editor.


Contributors: Patrick Jenkins, financial editor, Arash Massoudi, corporate finance and deals editor. Producer: Fiona Symon

 

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Former PM Davutoglu calls for new vision for Turkey

With the economy in trouble and relations with western allies strained, President Recep Tayyip Erdogan's grip over Turkey’s ruling AK party is showing signs of weakening. Former prime minister Ahmet Davutoglu tells the FT's Laura Pitel why he thinks the country needs a new vision.


Contributor: Laura Pitel, Turkey correspondent. Producer: Fiona Symon. Clips from edited interview with Ahmet Davutoglu and Reuters.

 

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What's behind India's lockdown of Kashmir?

The disputed Himalayan state of Jammu and Kashmir is in lockdown after India revoked its special status following a long running insurgency that led to thousands of deaths. Jyotsna Singh discusses what India plans to do next, and how neighbouring Pakistan, which also claims the territory, has reacted, with Amy Kazmin the FT's South Asia bureau chief.


Contributors: Jyotsna Singh, Delhi reporter, and Amy Kazmin, South Asia bureau chief. Producers: Jyotsna Singh and Fiona Symon

 

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Bleak outlook for bankers as trading jobs slashed

Falling interest rates, weak trading volumes and automation have led to an exceptionally brutal summer for global investment banks, which have shed tens of thousands of jobs, particularly on trading desks. Stephen Morris, European banking correspondent, discusses the bleak outlook for bankers with Robert Armstrong, US financial editor.


Contributors: Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon

 

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How Charles Koch shaped modern America

A new book about Koch Industries has shed light on the way this company, led by Charles Koch, shaped modern America. Frederick Studemann, literary editor, discusses Kochland: The Secret History of Koch Industries and Corporate Power in America with Andrew Edgecliffe-Johnson, US business editor. Read Andrew’s review here.


Contributors: Frederick Studemann, literary editor, and Andrew Edgecliffe-Johnson, US business editor. Producer: Fiona Symon

 

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Should we turn our backs on flying?

Greta Thunberg, the Swedish climate activist, opted to sail to the US from Europe this month, rather than catching a plane.  Her choice reflected a growing recognition that air travel carries a heavy cost to the environment. Sylvia Pfeifer, acting industry editor, discusses how airlines are responding to the challenge with Janina Conboye and Leslie Hook.


Contributors: Sylvia Pfeifer, acting industry editor, Janina Conboye, industry reporter, and Leslie Hook, environment correspondent, Producer: Fiona Symon

 

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Shake-up at the heart of the Saudi oil industry

Saudi Arabia has removed energy minister Khalid al-Falih, one of the most powerful figures in the global oil industry, and replaced him with a member of the royal family, Prince Abdulaziz bin Salman. Katie Martin discusses the significance of the shake-up and how it relates to the Crown Prince’s ambitious plans for an IPO of state oil company Aramco with David Sheppard, Energy Editor, and Andrew England, Middle East editor.


Contributors: Katie Martin, capital markets editor, David Sheppard, energy editor, and Andrew England, Middle East editor. Producer: Fiona Symon

 

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End of peace talks risks opening door for Isis in Afghanistan

Donald Trump has dashed hopes for an imminent peace deal with the Taliban that were intended to pave the way for the US to withdraw the last of its troops from Afghanistan. Jyotsna Singh discusses how this leaves the war torn country as it prepares for presidential elections at the end of the month, with Stephanie Findlay and Farhan Bokhari.


Contributors: Jyotsna Singh, Delhi reporter, Stephanie Findlay, South Asia correspondent, and Farhan Bokhari, Producers: Jyotsna Singh and Fiona Symon

 

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UK judges overrule PM on suspension of parliament

We have seen a historic day for British politics as the Supreme Court ruled that Boris Johnson’s decision to prorogue parliament for five weeks was unlawful. Siona Jenkins discusses what the ruling means for Brexit, for the prime minister, and for British democracy, with Jane Croft, law courts correspondent, and Neil Buckley, leader writer. 

 

Contributors: Siona Jenkins, news editor, Jane Croft, law courts correspondent and Neil Buckley, leader writer. Producer: Fiona Symon and Persis Love

 

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Why would Iran attack Saudi Aramco's oil facilities?

A devastating missile and drone attack on Saudi oil installations last week highlighted the vulnerability of global oil supplies to the threat of regional unrest. The attack was claimed by Houthi rebels fighting Saudi-backed forces in neighbouring Yemen, but Saudi and US officials were quick to point the finger of blame at Iran. Geoff Dyer discusses the repercussions of the attack for the region and the oil market with Andrew England, Middle East editor, and Anjli Raval, senior energy correspondent.

 

Contributors: Geoff Dyer, analysis editor, Andrew England, Middle East editor, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon

 

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John Ruskin's message for our times

John Ruskin was a towering figure in the Victorian era: an art critic, social reformer and all round thinker who had a huge influence on British society. After his death he fell out of favour. Yet much of what he wrote about the nature of work and the importance of protecting the environment is relevant today. James Pickford discusses his legacy with Sandra Kemp, an academic who oversees the Ruskin collection at Lancaster University and Andrew Hill, management editor.


The Ruskin: Museum of the Near Future

 

Contributors: James Pickford, deputy FT Money editor, Sandra Kemp, director of the Lancaster University’s Ruskin Library, and Andrew Hill, management editor. Producers: Fiona Symon and Persis Love

 

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Shakespeare on Merseyside

Thanks to its links to Shakespeare and his players that were until recently a well kept secret, a deprived suburb of Liverpool is to house a new playhouse. Local investors have high hopes that it will woo some of the tourists that flock to Stratford-upon-Avon and Shakespeare’s Globe in London. Andy Bounds went to Prescot to speak to some of the project's supporters.


Contributors: Andy Bounds, Enterprise editor and North of England correspondent. Producers: Fiona Symon and Persis Love

 

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What went wrong at WeWork?

The workplace philosophy of WeWork founder Adam Neumann was at the heart of his global real estate company. But WeWork is imploding after a recent IPO was shelved and Mr Neumann has been removed as CEO. Pilita Clark discusses how the company got into such difficulties and what this signifies for the property markets with Andrew Edgecliffe Johnson and Judith Evans.

 

Contributors: Pilita Clark, business columnist, Andrew Edgecliffe-Johnson, US business editor, and Judith Evans, property correspondent. Producers: Persis Love and Fiona Symon

 

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Inside the Hong Kong protests

The FT's Sue-Lin Wong spent several months with members of Hong Kong's youthful pro-democracy movement and their supporters. She tells Andreas Paleit what she learnt about their hopes and fears for the future.

Read Sue-Lin's magazine story here


Contributors: Andreas Paleit, companies desk editor, and Sue-Lin Wong, South China correspondent. Producer: Fiona Symon

 

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Ukraine's role in the US impeachment inquiry

Ukraine has found itself at the centre of the US impeachment inquiry, just as new president Volodymyr Zelensky set out to fulfill his election promise to end corruption. Pilita Clark asks Ben Hall, the FT's Europe editor, what it is about Ukraine creates so much trouble in far flung places and whether it could end up harming Donald Trump's chances of re-election.


Contributors: Pilita Clark, business columnist, and Ben Hall, Europe editor. Producer: Fiona Symon

 

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What makes a Gen Z?

How does Generation Z date? Why are they more politically engaged than the generation before them and what is the digital psyche? Flora Macdonald Johnston asks John Burn-Murdoch, Rebecca Watson and Madison Darbyshire to explain what's driving the next generation.


If you want to read more about the NextGen, click here. For Flora's article, click here. For John's article, click here. For Rebecca's article, click here. For Madison's column, click here.


Contributors: Flora Macdonald Johnston, acting deputy fashion editor, John Burn-Murdoch, data visualisation journalist, Madison Darbyshire, multimedia journalist and Rebecca Watson, assistant arts editor. Producer: Persis Love

 

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When work gets in the way of sleep

A sleep loss epidemic is making its mark on the workplace, but what are its causes and what should businesses do to ensure their fatigued employees get a good night’s kip? Louise Aston and James Wilson talk to Darren Dodd about where employers are going wrong and what needs to be done.


This podcast forms part of FT Health at Work magazine, supported by Vitality. 


Business in the Community's Sleep and Recovery Toolkit for employers can be found here, and their responsible business podcasts, here. James Wilson’s website is available here.


Contributors: Darren Dodd, editor of FT Health at Work magazine, Louise Aston wellbeing director at Business in the Community and, James Wilson, sleep specialist. Producer: Persis Love


 

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UK election heralds end of austerity

Britain's party leaders have made lavish promises to win favour with voters ahead of next month's election. Chris Giles, FT economics editor, discusses the main parties' pre-election pledges and their likely impact on the economy with Siona Jenkins.


Contributors: Siona Jenkins, editor, UK news, and Chris Giles, economic editor. Producers: Fiona Symon and Persis Love

 

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Why Taylor Swift is taking on the music industry

Taylor Swift’s anger over the sale of her back catalogue shines a light on the role of investment in today’s music industry. Anna Nicolaou and Jamie Powell tell Alex Barker about Swift’s dispute with her former record label and how investments are changing in the streaming era of music.


Contributors: Alex Barker, global media editor, Anna Nicolaou, US media correspondent and Jamie Powell, Alphaville reporter. Producer: Persis Love


Music credit: Taylor Swift, Shake It Off, Big Machine Records

 

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UK parties are missing the mark on climate change

As the UK general election approaches, all parties are stepping up their rhetoric on climate change. What are their manifesto pledges and are they even realistic? Jim Pickard and Nick Butler talk to Leslie Hook about what a new government could spell for the environment and the need for an international approach to tackling the climate crisis.


Contributors: Leslie Hook, environment and clean energy correspondent, Jim Pickard, chief political correspondent and Nick Butler, energy commentator. Producer: Persis Love

 

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Paul Volcker's message for the next generation

Paul Volcker, who died at the weekend, was one of the most influential monetary policy makers of the 20th century. The FT’s Gillian Tett spoke to the former central banker at his home in New York last year about his views on good government, regulating finance and US China relations. In this podcast, she shares some excerpts from the conversation.


Contributors: Katie Martin, markets editor, and Gillian Tett, chair of the FT editorial board (US). Producers: Fiona Symon and Aimee Keane

 

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New UK government brings change and uncertainty

Last week Boris Johnson lead the conservative party to its biggest victory in over 30 years on a promise to “get Brexit done”. What should the UK expect from its new government and how has business reacted to the election? George Parker and Adam Samson talk to Siona Jenkins about what the next five years could bring.


Contributors: Siona Jenkins, editor, UK news, George Parker, political editor and Adam Samson, global head of Fast FT. Producer: Persis Love. Photo credit: Leon Neal/PA

 

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The year business went 'woke'

2019 was the year when Saudi Arabia launched a long awaited share offering in state oil company Aramco, when Softbank lost its gloss, when accounting giants tightened their belts and when capitalism went 'woke'. Janine Gibson discusses the corporate year and what it spells for next year with Tom Braithwaite and Brooke Masters.


Contributors: Janine Gibson, editor, special projects, Tom Braithwaite, companies editor, and Brooke Masters, comment and analysis editor. Producer: Fiona Symon

 

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Mitsotakis surfs wave of optimism in Greece

After years of economic pain, Greece is in an upbeat mood. But can the country’s fresh political leadership overcome deep-seated problems holding back growth? Katie Martin discusses this question with Kerin Hope in Athens and Ben Hall, Europe editor.


Contributors: Katie Martin, capital markets editor, Kerin Hope, Athens correspondent, and Ben Hall, Europe editor. Producers: Persis Love and Fiona Symon

 

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Are financial institutions waking up to climate change?

Questions about the future of fossil fuels are putting new pressure on companies and financial institutions. How are they responding and should they be doing more? Pilita Clark talks to Huw van Steenis, chair of the sustainable finance committee at UBS and a former adviser to Bank of England governor, Mark Carney, and Billy Nauman, reporter for the FT’s Moral Money. 


Contributors: Huw van Steenis, chair of the sustainable finance committee at UBS, Pilita Clark, business columnist and Billy Nauman, reporter and producer, moral money. Producer: Persis Love. Photo credit: Saul Loeb/AFP/Getty

 

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Putin seeks to secure his legacy with power shake-up

Russia’s president Vladimir Putin has been in power for two decades and now it looks as though he intends to stay indefinitely. He has launched an overhaul of the country’s power structures that could allow him to extend his control after his official term ends in 2024. Katie Martin discusses the move with Max Seddon in Moscow and Ben Hall, Europe editor.


Contributors: Katie Martin, capital markets editor, Max Seddon, Moscow correspondent, and Ben Hall, Europe editor. Producer: Fiona Symon

 

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Holding back the floods

Global warming is set to cause a significant rise in sea levels as the world's polar ice melts. The Netherlands is the best-protected delta in the world, with centuries of experience in holding back the floods. As climate change takes its toll, can Dutch expertise help save the world’s cities that are most at risk? Simon Kuper looked into this question for the FT's weekend magazine and he tells Esther Bintliff what he discovered. Read Simon's magazine article here


Contributors: Simon Kuper, FT columnist, and Esther Bintliff, FT Weekend Magazine deputy editor. Producer: Fiona Symon

 

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K-pop: shaped by fans and shaken by scandals

K-Pop has never been more popular. However, a recent string of high profile controversies including a rape conviction and two suicides have sullied the image of the Korean cultural export. Edward White talks to Patricia Nilsson about what makes a K-Pop star, why the singers are under so much pressure, and what the industry means to the country’s economy.


Contributors: Edward White, Seoul correspondent and Patricia Nilsson, Media reporter. Producer: Persis Love

 

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World on lockdown, markets melt, hospitals suffer

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.


Tuesday, March 17

Governments in all large western economies took drastic measures to limit public movement on Monday in an urgent effort to arrest the spreading coronavirus pandemic while US stocks plunged despite a set of emergency measures laid out by the Federal Reserve on Sunday. Plus, an analysis by the Financial Times finds that the UK and the US have key weaknesses in their healthcare systems which could trigger a collapse if put to the test by the outbreak. 

 

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Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

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Republican $1tn plan, Paul Tucker on damage limits

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.


Friday, March 20

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China. 

 

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Mexico’s economy shrinks under pressure from coronavirus

Analysts fear government’s timid fiscal response will prolong the pain




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Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




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FDA flags risks for virus drug promoted by Trump

US regulator cautions against using chloroquine outside of hospitals or clinical trials




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Lockdown eases, central banks, oil, pharma and tech earnings

Start every week on the front foot with a preview of what’s on the global agenda




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Drugmakers race to scale up vaccine capacity

Funding bodies face a choice between established manufacturers and biotech upstarts




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Next’s Wolfson shows his workings for a new socially distant world

Boss of clothing retailer deserves a premium; Astra’s eyes on big prize




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Remdesivir: Five things to know about the antiviral drug

Gilead’s potential coronavirus treatment stirs investor hopes but evidence on effectiveness is mixed




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How an unproven drug became a bellwether for global stocks

Investors have bet on Gilead’s remdesivir as solution to coronavirus crisis




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US solar industry powers ahead as investors back batteries

Fund managers and energy-hungry tech companies bankroll ‘solar-plus-storage’ projects




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Hydrogen energy projects win £30m UK funding

Schemes to look at cutting emissions in sectors such as transport in push to meet 2050 ‘net zero’ target




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Philippines: Duterte takes aim at the oligarchs

The president has turned his populist fire on big business, but is he attacking corporate greed or political opponents?




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Global investors warn S Korea’s Kepco over carbon emissions

State-backed utility under pressure as it plans to invest in new coal mines




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Trump appointees vote to block US coal joint venture

Shares in Peabody Energy and Arch Coal fall sharply after regulatory action




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Drax to end use of coal at UK’s biggest power plant 3 years early

Group says 230 jobs will be lost at Selby site at it looks to beat 2025 fossil fuel deadline




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China’s Belt and Road power grids keep security critics awake

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk




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KKR to buy recycling group Viridor in £4.2bn deal

One of the first large acquisitions to be agreed since coronavirus pandemic rocked global markets




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How emergency planning has kept lights on and taps running

Energy, water and other utility groups keep services going despite lockdowns and cuts




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Britain’s electricity demand falls by a tenth in lockdown

Decline leads to a drop in wholesale prices as businesses close