logo
episode-header-image
Sep 2022
9m 44s

Russia’s double energy whammy

Financial Times
About this episode

Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese elite who are fleeing strict coronavirus lockdowns and potential blowback from geopolitical tensions. 


Mentioned in this podcast:

Brussels pushes for EU-wide caps on gas price

Liz Truss to be UK prime minister after winning Tory leadership race

Opec+ agrees to cut crude supply in push to lift oil prices

Russia switches off Europe’s main gas pipeline until sanctions are lifted

Crazy Rich relocations: Singapore becomes a haven for Chinese elite

Twitter Space: Liz Truss will be UK prime minister. What should we expect? 


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


Read a transcript of this episode on FT.com




Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Up next
Today
Global copper market weighs Trump tariff threat
The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.Me ... Show More
7m 18s
Yesterday
BCG tries to limit Gaza work fallout
EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, Eu ... Show More
10m 31s
Jul 8
Liechtenstein's zombie-trust apocalypse
US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump. Mentioned in this ... Show More
11m 18s
Recommended Episodes
Sep 2022
Liz Truss to be the next UK Prime Minister
Ms Truss will replace Boris Johnson on Tuesday once appointed by Queen Elizabeth. She won fifty- seven percent of the vote in a poll of party members. Ms Truss faces major economic challenges, with a predicted recession looming, but she's promised to cut taxes, grow the economy a ... Show More
49m 45s
Jun 2022
Putin’s energy power play
Russia’s global power has rested in large part on its oil and gas reserves. Will Vladimir Putin’s decision to invade Ukraine and Europe’s decision to seek alternative supplies shrink this power irreparably? Gideon talks to the American expert Dan Yergin about the role played by e ... Show More
26m 4s
Feb 2022
The net tightens for Boris Johnson
We ask whether the prime minister can survive the latest scandal engulfing his government. Is the departure of his closest and longstanding aide Munira Mirza the beginning of the end? Or the start of a reset? Chief political correspondent Jim Pickard will discuss with chief polit ... Show More
34m 17s
Mar 2024
Will the economy save Sunak?
The prime minister is urging his MPs to unite or face electoral defeat. Rishi Sunak has rallied backbenchers to hold their nerve, as he cleaves to the prospect of an improving economy rescuing the Tory party’s fortunes. But in a week where the government’s flagship Rwanda policy ... Show More
34m 54s
Aug 2023
Could a reshuffle revitalise Sunak’s government?
It’s almost time to wave goodbye to the summer, but is Rishi Sunak also poised to bid farewell to some of his ministers? The FT’s Whitehall editor Lucy Fisher is joined by columnist Stephen Bush and political editor George Parker to discuss a cabinet shake up. Plus, the FT’s US p ... Show More
35m 52s
Sep 2022
Money Talks: Running on empty
Europe is facing a catastrophic energy crisis. Prices for the natural gas needed to power many of its electricity plants have increased ten-fold since last summer. Most recently, Russia has choked off gas supplies to the Nord Stream 1 pipeline in retaliation against the G-7’s dec ... Show More
37m 41s
Sep 2022
Money Talks: Running on empty
Europe is facing a catastrophic energy crisis. Prices for the natural gas needed to power many of its electricity plants have increased ten-fold since last summer. Most recently, Russia has choked off gas supplies to the Nord Stream 1 pipeline in retaliation against the G-7’s dec ... Show More
37m 41s
Mar 2023
Has Rishi Sunak’s NI deal silenced Tory Eurosceptics?
Boris Johnson may have criticised the prime minister’s deal on post-Brexit trading in Northern Ireland but a number of formerly staunch Eurosceptic rebels — including Northern Ireland minister Steve Baker — have enthused about Sunak’s success. How is the PM going to manage dissen ... Show More
26m 16s
Mar 2024
Britain’s China conundrum
The government is preparing a crackdown on Chinese entities operating in the UK, following malicious cyber campaigns linked to Beijing. But there are tensions among ministers over how to protect the UK’s national interests without heavily damaging trade with China. The FT’s Lucy ... Show More
34m 26s
Mar 2022
Crude Awakenings
As oil and gas prices soar, can European countries wean themselves off Russian energy supplies? Boris Johnson has been meeting the Canadian and Dutch prime ministers to talk about more sanctions against Russia and what to do about many European nations’ dependence on Russian hydr ... Show More
32m 25s