The UN climate conference COP28 is in full swing, and officials from around the world are discussing ways to combat climate change. The agenda includes questions around how to regulate a market that could soon take off — carbon credits. Right now, these credits serve as a way for private buyers, such as companies and individuals, to offset their emissions. But countries may be able to start using these too. FT climate reporter Kenza Bryan explains the risks that could come with this market expanding.   Clips from CNBC, The National  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: The looming land grab in Africa for carbon credits The cheque book COP: UAE’s $200bn bid for climate influence Scandal bares the problems of the Amazon carbon credit market Special report: Decarbonisation  - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Kenza Bryan (@KenzaBryan) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In 2007, when Dan Och took his hedge fund public, he was making a bet that his company would stand the test of time. More than 15 years, a bribery scandal, and a feud with his protégé later, things have not worked out as planned. The FT’s Ortenca Aliaj and Sujeet Indap go inside the saga that lost shareholders more than $10bn.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Sculptor Capital: grey areas cause grey hairs in messy bidding war Fight over Sculptor hedge fund sale entwined in Daniel Och’s tax affairs Sale of Sculptor Capital on cusp of approval after hedge fund brawl - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Ortenca Aliaj (@OrtencaAl), Sujeet Indap (@sindap) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week we’re revisiting an episode from earlier this year about the London Stock Exchange’s decline. The exchange once held the top spot in global financial markets, but that’s changed completely in recent years. The FT’s Harriet Agnew and Katie Martin explain how a yacht floating off the Canary Islands 30 years ago played a critical role in changing the stock market. Clips from CBS, Thames News - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading: Britain’s ‘capitalism without capital’: the pension funds that shun risk ‘There are no domestic equity investors’: why companies are fleeing London’s stock market Why Europe’s stock markets are failing to challenge the US - - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Harriet Agnew (@HarrietAgnew), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Introducing Life and Art, from FT Weekend. It's a new twice-weekly culture podcast from the Financial Times. On Monday, we talk about life, and how to live a good one, in a one-on-one conversation that explores everything from food and travel to philosophy and creativity. On Friday, we talk about “art” – in a chat show! Three FT journalists come together to discuss a new cultural release across film, TV, music and books. Hosted by Lilah Raptopoulos, together with the FT’s award-winning writers and editors, and special guests. Click here to follow Life and Art, from FT Weekend. Hosted on Acast. See acast.com/privacy for more information.

In its early days Citigroup styled itself as a “financial supermarket”, a one-stop shop for all kinds of banking services around the world. But that plan has backfired in recent years. Stepping up to the challenge of repairing the bank is chief executive Jane Fraser, who announced her restructuring plan in September. The FT’s US banking correspondent Stephen Gandel and US banking editor Joshua Franklin discuss whether Fraser can turn the bank around, and if not, what happens to Citi.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: ‘Get off the train’: Citi’s Jane Fraser sends tough message on big overhaul Jane Fraser: the woman trying to turn Citi around  Citi: Fraser the Razor needs sharper edge in her battle with The Blob  - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Stephen Gandel, (@stephengandel), Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

 In a new series of Tech Tonic, FT journalists Madhumita Murgia and John Thornhill look at the concerns around the rise of artificial intelligence. Will superintelligent AI bring existential risk, or a new renaissance? Would it be ethical to build conscious AI? How intelligent are these machines anyway? The new season of Tech Tonic from the Financial Times, drops mid-November. Presented by Madhumita Murgia and John Thornhill. Senior producer is Edwin Lane and producer Josh Gabert-Doyon. Executive produced by Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. The FT’s head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.

In the US, nearly half a million people have gone on strike this year demanding better pay, working conditions and job security. With the FT’s US labour and equality correspondent Taylor Nicole Rogers, we’re zooming in on the strategies that three major labour movements have used in recent months to try and secure new contracts, and whether their efforts could signal a new era of power for unions in America.  Clips from Associated Press - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: US carworkers suspend strike after reaching tentative deal with GM How ‘true believer’ Shawn Fain reignited pro-union fervour in Detroit Hollywood strikes take $5bn bite out of California economy Teamsters boss vows tougher line in US labour talks - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Taylor Nicole Rogers (@TaylorNRogers) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In October two US oil and gas giants announced massive deals: Chevron bought Hess, and ExxonMobil acquired Pioneer Natural Resources. These deals expand each company’s operations and secure their access to more oil for decades to come. But recent forecasts say global demand for fossil fuels will soon reach its peak. The FT’s Myles McCormick looks at why these companies are betting oil demand will stick around and whether that bet will pay off.  Clips from Yahoo Finance, Reuters, CNBC, Bloomberg  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Oil megadeals usher in an age of energy uncertainty Dealmakers see Chevron-Hess tie-up as the start of oil ‘arms race’ The race to be last man standing in Big Oil  ‘Jewel in the crown’: Chevron follows Exxon to Guyana’s oil riches - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Myles McCormick (@mylesmccormick_) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the 1990s, Microsoft was seen as a tech industry bully. Once viewed as combative and ruthless in the eyes of regulators, the company underwent an image makeover in the decades since. Now, the FT’s Richard Waters explains how Microsoft’s transformation pushed their $75bn acquisition of video game publisher Activision Blizzard over the line earlier this month.  Clips from Activision Blizzard - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Brad Smith used Microsoft’s $1bn law and lobbying machine to win Activision battle The newfound influence of the UK’s competition watchdog US v Microsoft: who really won?  - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It has been more than two years since GameStop’s stock caught fire on social media, at one point rising 135% in one day. The new film Dumb Money chronicles how the GameStop saga played out. The FT’s Ethan Wu sits down with the movie’s writers, Rebecca Angelo and Lauren Schuker Blum, to get a behind-the-scenes look at everything that went into the film.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Well, actually: Our ‘Dumb Money’ movie review Dumb Money film review —GameStop short-selling comedy hedges its bets GameStop: from YouTube to Wall Street to Hollywood in Dumb Money - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Ethan Wu (@ethanywu) & listen to Unhedged here!  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week, we have a bonus episode for you, live from the FT Due Diligence Forum in London. FT chief features writer Henry Mance sits down with author Michael Lewis to discuss his new book, Going Infinite: The Rise and Fall of a New Tycoon, an all-access account of Sam Bankman-Fried before his crypto exchange FTX collapsed. This conversation was recorded on October 11 2023.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: What Michael Lewis got wrong about FTX Michael Lewis on how Sam Bankman-Fried and FTX fell — book review How to beat Sam Bankman-Fried at trading when you’ve already lost The SBF trial is a reminder that crypto is a rotten business Many people longed to believe in Sam Bankman-Fried Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In its latest fight to curb the power of Big Tech, the US Federal Trade Commission has sued Amazon. The regulator says the e-commerce giant has become such a big monopoly that its practices are hurting consumers and the third-party sellers that rely on its services. The FT’s San Francisco correspondent Camilla Hodgson explains what this case could mean for the company’s future. - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Amazon’s most prominent antitrust critic makes her case What Lina Khan’s antitrust case could mean for Amazon Amazon & the FTC Amazon offers concessions over third-party sales to appease UK antitrust watchdog - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Camilla Hodgson (@CamillaHodgson) and Topher Forhecz (@ForheczT) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

When Argentina’s president announced plans to nationalise an oil company in 2012, it was presented as a way to grow the country’s wealth. Eleven years on, a court in New York City decided that the country owes some of the oil company shareholders $16bn. The FT’s Joe Miller and Ciara Nugent explain why this has happened. And, we look at what this means for Argentina, as it grapples with skyrocketing inflation and an important presidential election later this month.  Clips from CNN, NBC News, Reuters, Televisión Pública  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: After $16bn judgment, Burford’s next battle will be making Argentina pay Argentina radical rightwinger shakes up presidential race with primary win Burford chief executive fears Argentine reprisals  Love listening to Behind the Money? Show your support and vote for us! We’re competing for the Signal Listener’s Choice Award. Vote here.  - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Joe Miller (@JoeMillerJr), Ciara Nugent (@ciaraCnugent) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week, we’re revisiting an episode from earlier this year. Apple has spent two decades and billions of dollars building a massive supply chain for its products. At the centre of that operation is China. But as Beijing has become more authoritarian and relations with the US sour, it has become harder for Apple to do business there. The company has been signalling recently that it will diversify away from the country, but the FT’s Patrick McGee explains why cutting ties will be extremely difficult.   Clips from Fox News, CGTN, Yahoo, ABC  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Apple tied its fortunes to China What it would take for Apple to disentangle itself from China ‘A shot across the bow’: how geopolitics threatens Apple’s dependence on China - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Patrick McGee (@PatrickMcGee_) and Michela Tindera (@mtindera07) Hosted on Acast. See acast.com/privacy for more information.

As the world transitions away from fossil fuels and the electric vehicle market grows, competition to control a piece of a new source of energy is brewing. From rival carmakers to raw materials miners, different groups are racing to carve out their spots in the supply chain of one important technology: lithium-ion batteries. How will it shake out? The FT’s commodities correspondent Harry Dempsey explains who’s likely to succeed, and what that could mean for the future of corporate and national power.      - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Rival battery technologies race to dominate electric car market The search for winners in the new battery era Can anyone challenge China’s EV battery dominance? - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Harry Dempsey (@harrydemps) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Subscribe now to the FT's Tech Tonic podcast: Some scientists believe that rapid advances in artificial intelligence may also hold the key to decoding animal sounds, allowing us to ‘translate’ them into human language. In a new season of Tech Tonic, FT innovation editor John Thornhill and series producer Persis Love explore how the same technology that powers ChatGPT is being applied to research in animal communication. Could we one day learn to ‘speak whale’ or even chat with bats? And if so, can we trust ourselves to do so responsibly? Presented by John Thornhill, produced by Persis Love, sound design by Breen Turner and Sam Giovinco. The executive producer is Manuela Saragosa and Cheryl Brumley is the FT’s head of audio. Hosted on Acast. See acast.com/privacy for more information.

Critics argue Russia has a playbook for people who become its targets. On the final episode of the Russian Banker, we explore how Sergei Leontiev saw his fights with Russian President Vladimir Putin as a full-blown war in which seeking US asylum would become just another battle. But how does the US decide who deserves asylum? Note: This episode was updated to clarify that Russia is responsible for forty percent of all publicly disclosed red notices to Interpol. A previous version stated it is responsible for forty percent of all red notices total. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week, we have a bonus episode for you, live from the FT Weekend Festival in London. Michela sat down with two experts on Arm, the British chip designer, to discuss its imminent initial public offering. Tim Bradshaw, the FT’s global tech correspondent and James Ashton, author of The Everything Blueprint, talk about where Arm stands as a company, and what its chances for growth are when it goes public later this month. This conversation was recorded on September 2, 2023.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Arm searches for growth beyond smartphones Arm: IPO valuation climb down does not go far enough SoftBank seeks to build investment war chest on back of Arm IPO When SoftBank is selling, why are you buying? - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Tim Bradshaw (@tim) and Michela Tindera (@mtindera07) Hosted on Acast. See acast.com/privacy for more information.

Sergei Leontiev says he was a political victim of the Putin regime. But when we tracked down other people who used to work at the bank they had a different story about Leontiev — and the extent of his ties to Alexei Navalny. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In 2015, Sergei Leontiev's life's work — a Russian banking business — was taken away from him overnight. Why were he and the bank being targeted? This is the first episode of The Russian Banker, a new three-part series from the Financial Times. The remaining episodes will air the following two Wednesdays on Behind the Money. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.