The Federal Reserve finally raises rates

Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude, and concern is brewing over KNDS’s upcoming initial public offering after Germany scraps warship plans. Plus, Meta is turning to AI content moderators, and the FT’s John Plender breaks down Donald Trump’s contribu ...  Show more

Venezuela is set to take on the largest sovereign debt restructuring in history. Plus, chip stocks led a sell-off on Wall Street, and Nvidia’s AI chips have more than doubled in price on China’s black market. Mentioned in this podcast:Venezuela to reveal $240bn debt pile in world ...  Show more

The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even ...  Show more

In this episode, Piers and I catch up on what has been another busy week in markets where global stocks are on course for their best week since November 2020.

We catch-up on the latest news on Ukraine, where reports midweek suggested Ukraine and Russia have made sign ...