Biotech is back

The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is put to the test as the strait remains closed. Plus, scientists have identified a p ...  Show more

Donald Trump warned Nato faces a “very bad” future if US allies fail to assist in opening up the Strait of Hormuz, and though oil prices have breached $100 per barrel, America’s shale producers aren’t celebrating. Plus, wealthy individuals have sought to pull more than $10bn from ...  Show more

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 ...  Show more

As more countries are rocked by worsening debt and supply shocks, economists are increasingly concerned about the effects of war and the pandemic on global stability. To discuss the International Monetary Fund's latest forecast, we are joined by Liliana Rojas Suarez from the Cent ...  Show more

Interest rates rise as the Bank of England warns we’re facing a “sharp economic slowdown”...Adam is joined by Paul Johnson, director of the Institute for Fiscal Studies, to discuss the state of the UK economy and the Bank’s attempts to stem the pace of rising prices.Also… as the ...  Show more

Chancellor Kwasi Kwarteng unveils the biggest package of tax cuts in 50 years, before being questioned by Chris on his thinking. We hear what the chancellor has to say, as well as Chris’s thoughts, and those of the Financial Times’ Clear Barrett and former Bank of England Chief E ...  Show more