HSBC’s east-west split

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) US allies expect President Donald Trump’s administration to present a long-awaited plan to end Russia’s war on Ukraine at the Munich Security Conference in Germany next week, according t ...  Show more

The banking team has the latest on Russia where the central bank hiked interest rates in response to falls in the Rouble and the stock market amid fears of international sanctions against the country. Also on this week's show is un update on restructuring at RBS, where Ross McEwa ...  Show more

Alex Salmond, the former First Minister of Scotland, and Holger Schmieding, Berenberg's chief economist, discuss the election of Donald Trump, Brexit and the rise of protectionism. Then, Joseph Nye, a professor at the Harvard Kennedy School, says that Trump can't let Vladimir Put ...  Show more

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) The UK economy delivers its strongest quarterly growth in more than a year.

(2) UBS ends its $10bn Credit Suisse loss protection agreement with the Swiss government.< ...