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
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
Jul 7
US stocks: rally or overcorrection?
Israeli Prime Minister Benjamin Netanyahu visits Washington DC today to discuss a Gaza ceasefire proposal with US President Donald Trump, and US stocks are booming again despite uncertainty about the wider economy. Plus, Hong Kong’s stock exchange is attracting lots of companies, ... Show More
10m 9s
Recommended Episodes
Apr 10
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
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 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
Apr 7
Are US tariffs just the beginning? With Abraham Newman
As Donald Trump declares a trade war on the rest of the world, it’s time to learn about a field of economic research known as “weaponised interdependence”. The bad news is that the US president’s weapon of choice – imposing tariffs on goods imports – is a fairly outdated tool of ... Show More
31m 33s
Jan 2025
Bot against America: a Chinese AI jolts markets
Silicon Valley firms have poured billions of dollars into artificial intelligence. But a new cheap AI model from DeepSeek, a Chinese start-up, has sent shockwaves through the stockmarket. Our correspondent explains why investors are rattled. Canada’s remote indigenous communities ... Show More
24m 41s