Russia’s war-time economy is slowing down, and the EU is negotiating a trade deal with the US to keep some tariffs in place. Plus, the Bank of England votes to hold interest rates steady, and a UN official describes violence at aid distribution sites in Gaza.

Mentioned in this podcast:

Russia on brink of recession, says economy minister

EU weighs UK-style trade deal with US

Bank of England warns of weakening jobs market as it holds rates

How Gaza’s food queues turned into kill zones

Today’s FT News Briefing was produced by Fiona Symon, Josh Gabert-Doyon, and Ethan Plotkin. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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 Federal Reserve cut its outlook for the US economy on Wednesday, and in the UK, inflation remains higher than ideal. Plus, Big Tech companies are lobbying for a decade-long ban on AI regulations, and the Israel-Iran conflict has hit the global supply chain.

Mentioned in this podcast:

UK inflation was 3.4% in May

Federal Reserve cuts outlook for US economy but holds interest rates steady

Big Tech pushes for 10-year ban on US states regulating AI

Insurers lift prices 60% for key Iran route as conflict threatens shipping

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Henry Larson and Marc Filippino. Additional help from Blake Maples, Kelly Garry and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.

US President Donald Trump demands unconditional surrender from Iran on social media, and the Iran-Israel conflict causes Trump to leave the G7 summit early. Plus, the EU relaxes merger rules on defence and Meta will bring advertisements onto its messaging platform WhatsApp.

Mentioned in this podcast:

Meta introduces advertising to WhatsApp in push for new revenues

Donald Trump leaves G7 early as Iran-Israel conflict intensifies

Brussels to loosen merger rules for defence companies

Register for the Reindustrializing America webinar here

Trump calls for Iran’s ‘unconditional surrender’

Today’s FT News Briefing was produced by Henry Larson, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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.