UBS’s Credit Suisse challenge

Weakened refining capacity in Russia and the Gulf is a boon to US refiners. Plus, the Trump administration’s decision to revoke legal protections for migrants could hurt the US economy, and Google is shifting control of its AI effort from London back to Silicon Valley.Mentioned i ...  Show more

Iran said it reached an agreement with Oman on a route through the Strait of Hormuz, US Democrats hope to win control of Congress in the midterm elections and scammers are taking advantage of the disruption caused by the EU’s new crypto rules. Plus, the FT’s Joe Daniels explains ...  Show more

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) French Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fal ...  Show more

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses. (2)  Senate Republicans b ...  Show more

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China slapped tariffs on a range of US products and announced a probe into Google moments after President Donald Trump imposed a 10% tariff on goods from Beijing, reigniting a trade war ...  Show more

On today's podcast: (1) The EU's Ursula von der Leyen tells Bloomberg China's massive EV subsidies need to be investigated. (2) Rishi Sunak considers pushing back the 2030 ban on new petrol and diesel cars. (3) The CBI calls off its AGM at the last minute, amid 'cash-flow challen ...  Show more