Matt Gaetz has withdrawn his name from consideration for US attorney-general, and billionaire Gautam Adani faces charges over an alleged scheme to bribe Indian officials. The International Criminal Court has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, and FT economics columnist Chris Giles unpacks just how much tariffs will increase prices in the US.

Mentioned in this podcast:

Matt Gaetz withdraws as Trump’s nominee for attorney-general

Indian billionaire Gautam Adani charged in US over alleged $250mn bribery scheme

ICC issues arrest warrant for Israeli PM Benjamin Netanyahu

Tariffs and taxes are not very inflationary

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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

Hosted on Acast. See acast.com/privacy for more information.

Nvidia’s third-quarter revenue almost doubled from a year ago, and UK inflation accelerated in October as energy prices rose. Disgraced Archegos founder Bill Hwang is sentenced to 18 years in prison for fraud, and China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a trade war.

Mentioned in this podcast:

Nvidia revenue nearly doubles as AI chip demand remains strong

UK inflation accelerates sharply to 2.3% in October

More growth, inflation and uncertainty: the BoE’s Budget verdict

Archegos’s Bill Hwang sentenced to 18 years in prison

China arms itself for potential trade war with Donald Trump

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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.

Hosted on Acast. See acast.com/privacy for more information.

Bridgewater is joining forces with State Street’s asset management arm to offer an ETF, Ukraine has struck a military target inside Russia using US-made long-range missiles for the first time, and Walmart’s third-quarter revenue beat forecasts. Plus, Asia’s arms makers and naval shipbuilders are leading a global surge in defence stocks.

Mentioned in this podcast:

Bridgewater opens strategy to retail investors through State Street ETF

Ukraine strikes Russia with US-made long-range missiles for first time

Walmart raises guidance as it beats third-quarter forecasts

Asian arms makers lead defence stock rally in bet on global rearmament

Thames Water dumps 104bn litres of sewage ahead of new tunnel opening

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from 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

Hosted on Acast. See acast.com/privacy for more information.