logo
episode-header-image
Aug 2024
11m 48s

The US-China ‘cat and mouse game’

Financial Times
About this episode

The Japanese operator of 7-Eleven is discussing ways to defend itself against a takeover bid by Canada’s Alimentation Couche-Tard, Chinese export controls on crucial semiconductor materials are starting to hit supply chains, and the fintech company Klarna plans to axe almost half of its staff in favour of artificial intelligence. Plus, Nasa is turning to Elon Musk’s SpaceX after Boeing’s Starliner, which was meant to bring two US astronauts home, suffered technical problems.


Mentioned in this podcast:

7-Eleven’s Japanese owner explores protected status to thwart foreign bid

China’s export curbs on semiconductor materials stoke chip output fears

Klarna aims to halve workforce with AI-driven gains

How will Nasa return two US astronauts stranded in space?


The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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



Hosted on Acast. See acast.com/privacy for more information.

Up next
Aug 22
The return of ‘pump and dump’ stock scams
EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this p ... Show More
11m 4s
Aug 21
Can Target get its ‘swagger’ back?
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for v ... Show More
11m 36s
Aug 20
What to expect from Jay Powell’s Jackson Hole speech
US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a pl ... Show More
11m 19s
Recommended Episodes
Apr 2025
Trump U-turn, China tariffs hit Christmas and Moon vs. Mars
President Donald Trump’s stunning reversal on tariffs brings relief for investors, even as he ratchets up a trade war with China - where producers of artificial Christmas trees report no U.S. orders as tariffs bite. Plus, Trump’s nominee to lead NASA says simultaneous missions to ... Show More
12m 28s
May 28
Robots
There’s a global race for robot supremacy. From Shanghai to Silicon Valley, companies are trying to develop humanoids that can take on physical work. China is emerging as a major player thanks to abundant government support. Host Carmel Crimmins talks to Brenda Goh, Reuters burea ... Show More
20m 10s
Apr 2024
Sec. Raimondo on Taiwan Semi CHIPS Act Funding, Sec. Yellen Exclusive in China, Dimon on Rates and AI 4/8/24
Carl Quintanilla, Jim Cramer and David Faber led off the show with news involving a major supplier to Nvidia and Apple. The White House announced CHIPS Act grants of $6.6 billion to Taiwan Semiconductor, for expansion of the chipmaker's Arizona plants. Commerce Secretary Gina Rai ... Show More
42m 32s
May 12
Bill Gates: how international development can survive the Trump presidency
Over the past 25 years, the Gates foundation has given away more than $100bn. Much of that money has gone to healthcare and education projects outside the US – and the organisation plans to give $200bn more to various programmes in the next twenty years. But as Elon Musk and Doge ... Show More
27m 42s
Jul 15
Nvidia to Resume AI Chip Sales to China
A.M. Edition for July 15. Nvidia says it’s received assurances it can sell its H20 AI chips in China, days after CEO Jensen Huang met President Trump. Beijing bureau chief Jonathan Cheng breaks down how the announcement could tie into broader U.S.-China trade talks. Plus, bank ea ... Show More
13m 31s
Jan 2025
US Launches Probe on Potential DeepSeek-Nvidia Link
On today's episode, we get the latest on DeepSeek after news that US officials are probing whether the Chinese AI startup bought advanced Nvidia semiconductors through third parties in Singapore. We speak with Catherine Thorbecke, Asia Tech Columnist for Bloomberg Opinion. We'll ... Show More
24 m
Mar 2022
Russia starts a star war / Ford splits itself in two / Apple “Peek Performance” event preview
The Verge's Nilay Patel, Alex Cranz, and Dan Seifert discuss what could possibly be announced by Apple next week. Senior reporter Loren Grush explains what's going on with Russia and space. And Andrew Hawkins talks about Ford splitting itself into two companies. Further reading: ... Show More
1h 41m
Feb 2025
Another Take: What the billionaire space race means for the rest of us
Every weekend, we revisit a story from the archives. This originally aired on July 19, 2021. None of the dates, titles, or other references from that time have been changed. The world’s richest man, Jeff Bezos, is heading to space on his own spaceship on July 20th – though he’s a ... Show More
23m 15s
Jul 14
The Trump-Putin Rift Widens
Today on the show, Fareed is joined by Alexander Gabuev, director of the Carnegie Russia Eurasia Center, to discuss the growing rift between Presidents Trump and Putin and what this means for the ongoing war in Ukraine. Next, the Financial Times’ Rana Foroohar sits down with Fare ... Show More
41m 55s
Jul 3
In the Global AI Race, China Is Gaining on the U.S.
Chinese generative AI companies are encroaching on U.S. companies’ dominance. The WSJ’s Liza Lin takes us through the strategies they’ve employed to catch up. And Electra CEO Marc Allen joins to argue how his startup’s small, hybrid-electric planes will make flying faster and qui ... Show More
14m 8s