The ECB readies for rate cuts

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

Keir Starmer has resigned as British prime minister, private equity executives are borrowing against their future share of profits, and former US Federal Reserve chair Alan Greenspan died at the age of 100. Plus, the FT’s Andean correspondent Joe Daniels traveled to a rural part ...  Show more

The Federal Reserve is just one of 16 central banks making interest-rate decisions this week, but it is the most widely watched monetary policy body in the world. And its current path – errant though it may be – is having a profound effect on the global economy by pushing up the ...  Show more

We start with that huge bailout package for struggling families announced by the chancellor and the controversial taxes he raised to fund it - a £5bn windfall tax on energy companies with more to come.

The FT’s economics correspondent Delphine Strauss ...

Iraq’s second city Basra sits on top of some of the world’s biggest oil reserves that fuel the country’s economy. But life in the city serves as a warning for how rapidly ordinary people can pay the environmental price for mismanagement even as the petrodollars flow in. Leslie Ho ...  Show more