The Big View

Securing joined-up markets in a fractured world

Tue, 28 Apr 2026 04:27:00 -0000

Great power rivalry and upstart technology are testing financial infrastructure. In this episode of The Big View, Stephan Leithner, CEO of Deutsche Boerse, tells Peter Thal Larsen how the $58 bln exchange group is coping with volatility, and how the EU can become more autonomous.

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The Gulf energy crisis and the US-China showdown

Tue, 21 Apr 2026 04:09:00 -0000

Donald Trump’s war with Iran has exposed how much countries depend on oil and gas imports. In this episode of The Big View, Helen Thompson of Cambridge University tells Peter Thal Larsen how energy rivalry is shaping US foreign policy – and why the fault line runs through Europe.

Helen Thompson: “Disorder: Hard Times in the 21st Century”

The Big View: How the Strait of Hormuz changes economic warfare

Breakingviews: Oil shock will speed electric cars’ comeback

Reuters: Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says

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How the Strait of Hormuz changes economic warfare

Tue, 14 Apr 2026 04:00:00 -0000

By strangling the waterway, Iran retaliated against the US and eased some financial sanctions. In this episode of The Big View Edward Fishman, senior fellow of the Council on Foreign Relations, tells Peter Thal Larsen how American economic weapons have been turned against it.

The Big View, March 2025: Why financial warfare could backfire on the US

Edward Fishman: Iran is Using America’s Playbook Against Us, New York Times, March 2026

Benjamin Alter and Edward Fishman: The Dark Side of Energy Independence, New York Times, 2013

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How ransomware took the world economy hostage

Tue, 07 Apr 2026 04:59:00 -0000

Online extortion has exploded into a multibillion-dollar global industry. On this episode of The Big View, Peter Thal Larsen talks to Anja Shortland of King’s College London about its rapid growth, fresh threats from AI, and the blurry line between cyber crime and cyber warfare.

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OpenAI’s curious business conundrum

Tue, 24 Mar 2026 04:53:00 -0000

The ChatGPT creator has 900 mln users and an $840 bln valuation, yet its financial future is unsure. On this episode of The Big View, Peter Thal Larsen and tech analyst Benedict Evans discuss why scale does not guarantee profit, and how previous breakthroughs captured value. How will OpenAI compete? OpenAI announcement Breakingviews: What happens if OpenAI or Anthropic fail?

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Global currencies have a rich past and poor future

Tue, 17 Mar 2026 05:52:00 -0000

The Roman denarius and Florentine florin rose and fell with economic and military power. Will the US dollar face the same fate? In this episode of The Big View, Berkeley economist Barry Eichengreen tells Peter Thal Larsen why history suggests the greenback’s prospects are weak.

Money Beyond Borders: Global Currencies from Croesus to Crypto

The Big View: What could knock King Dollar off its throne

The Big View: Why financial warfare could backfire on the US

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Donald Trump’s biggest trade shock is yet to come

Tue, 10 Mar 2026 07:29:00 -0000

The year since the US president’s ‘Liberation Day’ tariff war has produced many surprises. In this episode of The Big View, Peter Thal Larsen and IMD Business School’s Simon Evenett discuss why dire forecasts fizzled, how China levies fell to 26%, and why a larger jolt looms.

The Supreme Court Rules, Uncertainty by Design Remains – Global Trade Alert

Trade Redirection of Chinese Exports During 2025: Evidence from Full-Year Data – Global Trade Alert

The Big View: What Trump’s tariff tantrum will do to world trade

The Big View: Why Trump’s trade assault will fail and keep going

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Why Africa’s growth prospects may be looking up

Tue, 03 Mar 2026 05:13:00 -0000

It’s easy to be glum about a continent grappling with US tariffs, cuts to aid, and climate change. Yet Joe Studwell, author of ‘How Africa Works’, says the conditions for development are in place. In this episode of The Big View, he tells Peter Thal Larsen why he’s optimistic. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Why Japan’s revitalisation can overcome high debt

Tue, 24 Feb 2026 05:20:00 -0000

Prime Minister Sanae Takaichi’s new government can curb excess competition and speed industrial consolidation. On this episode of The Big View, Monex’s Jesper Koll tells Una Galani that borrowing will not rise, while higher interest rates will reshape equity markets. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How AI shockwaves ripple through financial markets

Tue, 17 Feb 2026 05:14:00 -0000

Big Tech is splurging around $700 bln on artificial intelligence investments this year, while others are braced for disruption. In this episode of The Big View, Peter Thal Larsen talks to Andrew Sheets, Morgan Stanley’s head of fixed income research, about what happens next.

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Why the world economy will keep on fragmenting

Tue, 10 Feb 2026 05:28:00 -0000

Decades of economic cooperation are under threat from political division and military rivalry. In this episode of The Big View, Peter Thal Larsen talks to Eswar Prasad, author of ‘The Doom Loop’, about why integration went into reverse and whether the old system can be salvaged.

The Doom Loop: Why the World Economic Order is Spiraling into Disorder

Davos 2026: Special address by Mark Carney, Prime Minister of Canada

How globalisation set the stage for new strongmen

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How to loosen China’s chokehold on rare earths

Tue, 03 Feb 2026 05:30:00 -0000

The People’s Republic dominates the supply of materials used in magnets, lasers and other high-tech products. In this episode of The Big View, Peter Thal Larsen talks to Mel Sanderson, a director of American Rare Earths, about how other governments can kick-start production.

IEA Global Critical Minerals Outlook 2025

Every mineral is critical in the new metals age

Trump admin to take 10% stake in USA Rare Earth in $1.6 bln deal, sources say. MP Materials seals mega rare-earths deal with US to break China’s grip US rare earth chokepoint is a big little problem Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How a Detroit firm is dealing with tariff turmoil

Tue, 27 Jan 2026 04:18:00 -0000

It’s almost 10 months since Donald Trump launched his trade war. In this episode of The Big View, Peter Thal Larsen talks to Mike Musheinesh, CEO of Detroit Axle, about how the auto parts distributor is coping with import uncertainty – and his decision to sue the US government. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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The murky economics and politics of Venezuelan oil

Tue, 20 Jan 2026 04:09:00 -0000

The US has long been interested in the South American country’s resources. Abducting its president opens a new and turbulent chapter. In this episode of The Big View Peter Thal Larsen talks to Ed Crooks, vice chair of energy research firm Wood Mackenzie, about what happens next.

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What investors can expect from markets in 2026

Tue, 13 Jan 2026 04:17:00 -0000

Stocks, bonds and commodities absorbed many shocks in 2025. Will they show the same resilience in the year ahead? In this episode of The Big View, Peter Thal Larsen and Anna Szymanski, editor-in-charge of Reuters Open Interest, debate inflation, AI, and the buy-the-dip mindset.

ROI: Reuters Open Interest.

Morning Bid podcast

Andy Home: Every mineral is critical in the new metals age.

Ron Bousso: Oil's geopolitical premium vanished in 2025 - and may not return.

Reuters: Investors dumped cash, bought stocks in December - BofA

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Private equity’s not-quite return to normality

Tue, 16 Dec 2025 04:06:00 -0000

Buyout barons suffered the whiplash of a post-pandemic boom and subsequent liquidity crunch. In this episode of The Big View, Jonathan Guilford talks to Thoma Bravo Managing Partner Seth Boro about how the firm is dealing with the fallout, even as AI once again upends the market. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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Judges under siege administer poetic justice

Tue, 09 Dec 2025 04:44:00 -0000

As Congress cedes power to the White House, US courts are filling some of the void. In this episode of The Big View, Jeffrey Goldfarb talks to Reynolds Holding, the author of ‘Better Judgment’, about the sense of purpose among jurists ruling on corporate and human-rights matters.

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The past and future fight about who owns the land

Tue, 25 Nov 2025 04:34:00 -0000

The world’s oldest asset is at the heart of political debate and underpins the modern financial system. In this episode of The Big View, Peter Thal Larsen talks to Mike Bird, author of “The Land Trap”, about why property is such an enduring issue – and why it’s so hard to reform.

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Pluses and minuses of the weight-loss drug bonanza

Tue, 18 Nov 2025 04:27:00 -0000

Obesity treatments made by Novo Nordisk and Eli Lilly have spawned a healthcare revolution, with sales set to hit $150 bln by 2031. In this episode of The Big View, Peter Thal Larsen talks to Breakingviews Associate Editor Aimee Donnellan about their origins – and their impact.

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How globalisation set the stage for new strongmen

Tue, 11 Nov 2025 07:16:00 -0000

It’s a decade since the economist Branko Milanovic showed how China’s rise sparked a political backlash against free trade. In this episode of The Big View podcast, he tells Peter Thal Larsen that Donald Trump, Xi Jinping and Vladimir Putin are more alike than they seem.

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The manifold benefits of giving away your riches

Tue, 04 Nov 2025 04:07:00 -0000

As disparities of wealth become more extreme, the well-off face mounting pressure to share in their good fortune. In this episode of The Big View podcast John Studzinski, the financier and philanthropist, talks to Peter Thal Larsen about the appeal of sharing income – and time.

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Peering behind the dark clouds over climate change

Tue, 28 Oct 2025 04:25:00 -0000

When UN delegates meet in Brazil to discuss global warming, the mood is likely to be sombre. In this episode of The Big View podcast, Peter Thal Larsen talks to Adair Turner, chair of the Energy Transitions Commission, about the scope for progress in pricing and capturing carbon.

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What financial history tells us about the AI boom

Tue, 21 Oct 2025 03:47:00 -0000

The investment pouring into artificial intelligence evokes comparisons with previous speculative bubbles. In this episode of The Big View, Peter Thal Larsen talks to Edward Chancellor, the author and financial historian, about which warning signs investors should look out for. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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The coming battle over the future of money

Tue, 14 Oct 2025 03:46:00 -0000

Bitcoin has been around for over a decade. Now new US rules have pushed digital tokens into the mainstream, forcing central banks and private lenders to react. In this episode of The Big View, Peter Thal Larsen talks to the investor and writer Felix Martin about what’s happening.

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How climate and innovation are changing insurance

Tue, 07 Oct 2025 04:35:00 -0000

Costly natural disasters are more prevalent, while technology allows insurers to pinpoint risks more precisely. In this episode of The Big View podcast Peter Thal Larsen talks to Mario Greco, CEO of Zurich Insurance, about how the $100 bln Swiss group is navigating the landscape. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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How to use frozen Russian assets to help Ukraine

Tue, 30 Sep 2025 04:26:00 -0000

Western countries hold $300 bln in cash and bonds owned by Moscow’s central bank. EU leaders have endorsed lending them to Kyiv. On this episode of The Big View podcast Reuters Commentator-at-Large Hugo Dixon, an early advocate of the idea, tells Peter Thal Larsen how it works.

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Lessons from Nissan on surviving carmageddon

Tue, 23 Sep 2025 03:58:00 -0000

Donald Trump’s tariffs dent the Japanese carmaker’s largest market and Chinese rivals are expanding as it attempts a turnaround. On this episode of The Big View podcast, CFO Jérémie Papin explains what he’s learned about running a global company while facing multiple challenges. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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Why technological progress is so hard to predict

Tue, 16 Sep 2025 03:23:00 -0000

New inventions often cause great excitement yet can take years to catch on. In this episode of The Big View podcast, Peter Thal Larsen talks to Carl Benedikt Frey of Oxford University about the erratic history of technology – and what it tells us about artificial intelligence.

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Private equity sets its sights on the little guy

Tue, 09 Sep 2025 03:42:00 -0000

Apollo, Blackstone and KKR raised billions from deep-pocketed institutions for buyouts and private credit. Now they’re targeting the $145 trln held by individuals. In this episode of The Big View podcast, iCapital CEO Lawrence Calcano explains the opportunities – and the risks. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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What China has to teach the US about technology

Tue, 02 Sep 2025 03:19:00 -0000

The world’s two biggest economies are going head-to-head on everything from cars to chips. In this episode of The Big View podcast, Peter Thal Larsen talks to the author and analyst Dan Wang about how the People’s Republic developed, and what the US can learn from its rise.

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The lost lessons from history’s economic mistakes

Tue, 29 Jul 2025 04:19:00 -0000

Donald Trump’s tariff policy threatens to make Americans poorer while failing to bring back lost manufacturing jobs. In this episode of The Big View podcast, author Philip Coggan explores the parallels with Britain’s foolish return to the gold standard a century ago. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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The perks and penalties of waging economic war

Tue, 22 Jul 2025 05:16:00 -0000

Tariffs and sanctions have roiled markets, but states can spur new industries. In this episode of The Big View podcast Daleep Singh, former US deputy national security adviser and chief global economist at PGIM Fixed Income, explores the new world investors must navigate. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How global tensions are unsettling markets

Tue, 15 Jul 2025 04:26:00 -0000

Investors face a daily barrage of tariffs, sanctions and conflict. In this episode of The Big View podcast, Anna Rosenberg of Amundi explains how money managers deal with this uncertainty, and how the power rivalry between the US and China is upending economic trade-offs. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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What really has gone wrong with global capitalism

Tue, 08 Jul 2025 04:43:00 -0000

From New York’s mayoral race to Jeff Bezos’ wedding party, critics of the economic system abound. But few can agree on solutions. In this episode of The Big View podcast, author and investor Ruchir Sharma argues the problem is big government, entrenched companies, and cheap debt.

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Why Trump’s trade assault will fail and keep going

Tue, 01 Jul 2025 09:59:00 -0000

US trade partners are bracing for another presidential tariff deadline. In this episode of The Big View podcast, Richard Baldwin of IMD Business School explains why hostility to US imports is now a bipartisan issue, and why the global trading system can survive Trump’s onslaught.

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Why robotaxis are picking up speed and credibility

Tue, 24 Jun 2025 03:26:00 -0000

Enthusiasts have long claimed driverless cars are around the corner. As they hit the streets from the West Coast to Wuhan, the business model is taking shape too. In this episode of The Big View podcast, James Peng, CEO of $6 bln industry pioneer Pony AI, explains what’s changed. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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The wobbly foundations of the stablecoin boom

Tue, 17 Jun 2025 03:40:00 -0000

US lawmakers endorsed digital tokens backed by dollars like Tether and USDC, collectively worth $250 bln. In this episode of The Big View podcast, banks analyst and author Dan Davies explains the risks of mingling supposedly solid crypto assets with the regulated banking system.

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Private equity’s nightmare on Main Street

Tue, 10 Jun 2025 03:56:00 -0000

A spate of books chronicling the industry’s harmful economic effects are exacerbating its financial quandaries. In this episode of The Big View podcast, ‘Bad Company’ author Megan Greenwell discusses how buyout shops dash the American dream, and ways to thwart them from doing so. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. 

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How the EU can respond to US economic warfare

Tue, 27 May 2025 03:52:00 -0000

As President Donald Trump threatens tariffs, Brussels is also worrying about Washington using sanctions against it. In this episode of The Big View podcast, Agathe Demarais of the European Council on Foreign Relations talks about how the bloc should deploy its own weapons.

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How Apple’s China celebration became a conundrum

Tue, 20 May 2025 04:34:00 -0000

Factories and consumers in the People’s Republic helped turn the iPhone maker into a $3 trln giant. Now geopolitical tensions are straining the relationship. In this episode of The Big View podcast, ‘Apple in China’ author Patrick McGee explains why there’s no easy way out.

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Europe’s self-defence is battle on multiple fronts

Tue, 13 May 2025 04:18:00 -0000

Leaders are scrambling to shore up defences against Russia while also becoming less dependent on the US. In this episode of The Big View podcast, Bruegel Senior Fellow Guntram Wolff talks about the need for a joint European body to make the increase in spending more effective.

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Why US-China decoupling will be hard to reverse

Tue, 06 May 2025 04:22:00 -0000

Trade between the two economies is collapsing. In this episode of The Big View podcast, Christopher Beddor of Gavekal explains where relations could be repaired, where they could deteriorate further, and why Washington and Beijing may tacitly agree on the need to pull apart.

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What Trump’s tariff tantrum will do to world trade

Tue, 29 Apr 2025 04:07:00 -0000

The White House is negotiating with trading partners while US-China commerce seizes up. In this episode of The Big View podcast, Professor Simon Evenett of IMD Business School explains how the tense discussions might play out, and where they will leave the global trade system.

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The theory and practice of Trump’s economic policy

Tue, 22 Apr 2025 05:27:00 -0000

The president’s tariffs have wreaked havoc in financial markets. Beneath the short-term turmoil, though, are more fundamental woes. In this episode of The Big View podcast, Edward Chancellor describes how the US became a bubble economy, and why deflating it is so dangerous.

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What could knock King Dollar off its throne

Tue, 15 Apr 2025 04:44:00 -0000

The world’s dominant currency has survived devaluation, inflation, war, and many crises. US President Donald Trump’s return raises new doubts. In this episode of The Big View podcast, Paul Blustein talks about the secrets of the greenback’s success – and what could end its reign.

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Market turmoil rewrites the lessons of investing

Tue, 08 Apr 2025 06:14:00 -0000

From the crisis of 2008 to the pandemic to Trump’s tariffs, governments and central banks have influenced asset prices. In this episode of The Big View podcast Mark Haefele, chief investment officer of UBS’s wealth management unit, talks about the stark message for investors.

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Plugging the gaping holes in economic data

Tue, 01 Apr 2025 05:01:00 -0000

Measuring growth requires reliable information about an economy’s output. But the established methods are hopelessly out of date. In this episode of The Big View podcast, economist Diane Coyle discusses ways in which statistics could be improved, and why change is so hard.

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What investment firms can teach us about AI

Tue, 25 Mar 2025 04:22:00 -0000

Though artificial intelligence seems new, fund managers have used it to spot patterns for years. In this episode of The Big View podcast, Gary Collier, chief technology officer of Man Group, talks about the surprising lessons he’s learned and debunks some common AI tropes.

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Why financial warfare could backfire on the US

Tue, 18 Mar 2025 06:43:00 -0000

Washington has sharpened the dollar and technology into powerful weapons. Now erstwhile allies fear they are targets. In this episode of The Big View podcast Edward Fishman, the author of ‘Chokepoints’, explains how economic interdependence is increasingly at odds with security.

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The debit and credit of the private lending boom

Tue, 11 Mar 2025 04:42:00 -0000

Loans supplied by funds have swelled to some $2 trln, disrupting regular banks. In this episode of The Big View podcast, Huw van Steenis of Oliver Wyman explores the drivers of the industry’s rapid growth, how much bigger it could get, and what risks it might be storing up.

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How to sort winners from losers in AI’s civil war

Tue, 04 Mar 2025 05:57:00 -0000

Some advocates believe artificial intelligence is poised to surpass human capabilities. Others see it more as a powerful problem-solving tool. In this episode of The Big View podcast, Felix Martin explores the implications of the diverging views for investors and economists.

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How to navigate Trump’s trade wars

Tue, 25 Feb 2025 04:35:00 -0000

The US president has slapped tariffs on Mexico, Canada, steel, aluminium, and is threatening more. Few have come into force, though. In this episode of The Big View podcast, Sam Lowe of Flint Global explains the different types of levies, and what they mean for global trade.

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The long haul to reviving Britain’s economy

Tue, 11 Feb 2025 04:16:00 -0000

Productivity has slowed, real wages are stagnant, and investment has dried up. The new UK government also faces high debt and rising interest rates. In this episode of The Big View podcast, newly appointed minister Torsten Bell makes the case for radical but incremental change.

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How US presidents imposed their will on CEOs

Tue, 04 Feb 2025 05:07:00 -0000

Tycoons like Jeff Bezos and Mark Zuckerberg bent the knee to Donald Trump. They’re not the first to bow to the Oval Office. In this episode of The Big View podcast, former White House aide Tevi Troy explores the shifting balance of power between corporate and political leaders.

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The economics of war and peace in Ukraine

Tue, 28 Jan 2025 04:17:00 -0000

It’s almost three years since Russia invaded, unleashing death and devastation. In this live edition of The Big View podcast, economist and former minister Tymofiy Mylovanov talks about the damage to both sides, the effect of sanctions, and what a peace deal might look like.

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Donald Trump’s return reverberates beyond the US

Tue, 21 Jan 2025 09:16:00 -0000

The immediate effects of the president’s second term will be felt at home. But he’s also upending parts of the US-led order. In this episode of The Big View podcast, Reuters Commentator-at-Large Hugo Dixon discusses relations with Europe, rivalry with China, and climate change.

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Huawei is a microcosm of China’s last four decades

Tue, 14 Jan 2025 06:05:00 -0000

Since its founding in 1987 the tech giant has learned from Western rivals, expanded overseas, and is now on the front lines of a new Cold War. In this episode of The Big View podcast Eva Dou, author of ‘House of Huawei’, explains how the secretive firm became a national champion.

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Why private credit is shrinking as it booms

Tue, 17 Dec 2024 05:38:00 -0000

Non-bank lenders, sitting atop $2 trln in assets, keep taking more of the market away from the traditional titans of Wall Street. Yet the industry is now rapidly consolidating. In this episode of The Big View podcast, Marc Lipschultz, co-CEO of Blue Owl Capital, explains why.

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How the world could unplug from China’s batteries

Tue, 10 Dec 2024 08:31:00 -0000

International cell makers are struggling to compete with Chinese giants like CATL. But innovations like solid-state batteries could upend the industry in the not-too-distant future. In this week’s episode of The Big View podcast, QuantumScape CEO Siva Sivaram explains how.

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Why central banks were both lucky and smart

Tue, 03 Dec 2024 06:55:00 -0000

Policymakers in major economies have quelled the post-pandemic inflation surge without causing recessions. In this episode of The Big View podcast, BlackRock’s Alex Brazier argues big rate hikes in the US, Europe and the UK helped – but so did unusually strong labour markets.

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A financial historian’s warning about the AI boom

Tue, 26 Nov 2024 07:54:00 -0000

Artificial intelligence hopes have unleashed an investment frenzy, propelling chip giant Nvidia’s value to $3.5 trln. In this episode of The Big View podcast, mathematician Andrew Odlyzko explores parallels with the 1990s dotcom bubble and Britain’s railway mania of the 1840s.

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Ireland’s $25 bln tax bounty reveals OECD flaws

Tue, 19 Nov 2024 04:45:00 -0000

Dublin expects a record budget surplus in 2024 thanks to a cash deluge from tech giants. In this episode of The Big View podcast, Pascal Saint-Amans, the architect of a landmark tax 2021 treaty, explains how the US’s failure to ratify the deal allows havens to rake in billions.

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The power and peril of American economic warfare

Tue, 12 Nov 2024 05:01:00 -0000

Successive US presidents have wielded sanctions and export controls against rival nations. Donald Trump promises further escalation. In this episode of the Big View podcast, political scientist Henry Farrell explains how weaponizing finance and technology can be self-defeating.

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Making sense of China’s big economic reboot

Tue, 05 Nov 2024 06:02:00 -0000

Officials have taken dramatic steps to boost confidence and growth in the world’s second-largest economy. In this episode of The Big View podcast, Arthur Kroeber, head of research at Gavekal, explains why he sees the People’s Republic turning into a high-tech, low-growth country.

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How the US election affects the rest of the world

Tue, 29 Oct 2024 04:36:00 -0000

Next week, voters will choose between Donald Trump and Kamala Harris. Their decision will impact governments, companies and investors outside the US. In this episode of The Big View podcast, geopolitical strategist Tina Fordham explains why markets misjudge the possible turmoil.

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Why brewers are betting big on alcohol-free beer

Tue, 22 Oct 2024 03:31:00 -0000

Consumers are shunning booze due to health concerns and shifting tastes, forcing beermakers to adapt. In this episode of the Big View podcast Louise Fitzpatrick, an executive at the Dutch brewer Heineken, explains the opportunities and challenges of selling suds without alcohol.

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Why data centres are a bottleneck for the AI boom

Tue, 15 Oct 2024 03:54:00 -0000

Artificial intelligence tools like ChatGPT depend on chips and energy. But a $1 trln rush to build data centres faces constraints on planning and power. In this episode of The Big View podcast, Morgan Laughlin of asset manager PGIM explains the virtual frenzy’s physical limits.

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Decoding the puzzle of SoftBank’s Masayoshi Son

Tue, 08 Oct 2024 04:57:00 -0000

The Japanese tycoon shaped global technology while building and losing vast fortunes. How does he keep going? In the first episode of Breakingviews’ new podcast, The Big View, former FT editor Lionel Barber discusses what he uncovered in his biography of Son, ‘Gambling Man’.

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Introducing The Big View

Thu, 03 Oct 2024 08:14:00 -0000

Check out the trailer for our new podcast, where Reuters Breakingviews columnists tap their best contacts to explore the biggest issues driving business and markets today. Every Tuesday, Global Editor Peter Thal Larsen and his team tackle a pressing question with a senior executive, financier, policymaker, or other expert. The Big View helps you understand what is going on, explore all sides of the argument, and think about what happens next.

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[The Exchange] Boeing and Airbus headwinds are hard to escape

Tue, 23 Jul 2024 06:29:00 -0000

The troubled US jet maker and its European rival aren’t delivering as many planes as customers want. On this Exchange podcast, AirInsight co-founder Addison Schonland explains how some problems stretch back to Covid, whether a third player can break the duopoly, and much more. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] European board pay requires a US-style overhaul

Tue, 16 Jul 2024 08:28:00 -0000

Non-executive directors at UK and EU-based firms own little equity in the companies they oversee. In this Exchange podcast, Liad Meidar of the hedge fund Gatemore argues that this is a problem, while Peter Boreham of the pay consultancy Mercer explains why it’s hard to change. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Copper’s green step change is an uphill struggle

Tue, 09 Jul 2024 10:58:00 -0000

Supplies of the red metal have to motor if the world is to adequately decarbonise. In this Exchange podcast Tae-Yoon Kim, senior energy analyst at the International Energy Agency, lays out the challenges that need to be overcome if the private sector is going to make that happen. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] India's consumer market is large but demanding

Tue, 02 Jul 2024 01:50:00 -0000

Consumption is not a bright spot in the South Asian country, with growth half the pace of GDP. In this Exchange podcast, former Nestlé India board member Rama Bijapurkar explains why international companies need to stick their elbows out to tap the low-earning masses.

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[The Exchange] Why the French vote also matters to Italy

Tue, 25 Jun 2024 14:54:00 -0000

The outcome of snap elections in France will reverberate beyond its borders. Debt-laden Italy is particularly exposed if borrowing costs rise. In this Exchange podcast, former top Treasury official Fabrizio Pagani discusses Rome’s fiscal challenges in a changing EU landscape. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] China’s EV makers can ride the tariffs backlash

Tue, 18 Jun 2024 02:12:00 -0000

The US and the EU have imposed hefty import duties on electric vehicles BYD, Tesla and others make in the People’s Republic. In this Exchange podcast, consultant and former Chrysler executive Bill Russo explains why Europe’s levies are more a speeding fine than a stop sign.

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[The Exchange] McKinsey powers through its many missteps

Tue, 11 Jun 2024 14:28:00 -0000

Despite scandals from South Africa to Big Oil, the secretive consultancy charms Ivy League recruits and blue-chip clients. In this Exchange podcast, investigative reporter Michael Forsythe explores the mystique and whether opioids advice threatens the firm’s $16 bln of revenue. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Investors are hunting securitization’s oddballs

Tue, 04 Jun 2024 10:07:00 -0000

Whether a bundt cake bakery or an internet address, if it generates steady cash, it can be diced up in the financial alchemy of securitization. In this Exchange podcast, Janus Henderson’s John Kerschner explains the promise and perils, and why the oddest assets can be the best. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Japanese funds will unlock powerful virtuous cycle

Tue, 28 May 2024 01:08:00 -0000

Pushy foreigners helped boost short-term value in the Nikkei stock index. In this Exchange podcast, Hiroyuki Otsuka, CEO of Newton Investment Partners and ex-Carlyle executive, explains how local asset managers will create the next wave of gains and usher in dramatic change for Japan.

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[The Exchange] China’s cars fine-tune their driving skills

Tue, 21 May 2024 01:39:00 -0000

Automakers in the country are touting autonomous driving, and Tesla is preparing to join the fray. On this week’s Exchange podcast, Maxwell Zhou, CEO of Alibaba-backed DeepRoute.ai, explains why progress is accelerating and how that is already changing consumers’ expectations.

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[The Exchange] China tests EU resolve on export trade fight

Tue, 14 May 2024 08:30:00 -0000

France’s Emmanuel Macron got little to show from President Xi Jinping’s European tour this month. In this Exchange podcast, MERICS expert Grzegorz Stec explains the difficulty of managing ties with Beijing and why balancing risk and business opportunity is so tricky. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] How investing in news can make sense

Tue, 07 May 2024 12:59:00 -0000

The media industry has been struggling since the digital era and VC-led initiatives like BuzzFeed and Vice failed. Yet betting on independent outlets can reap decent financial rewards, Harlan Mandel, who runs a specialised impact fund, tells The Exchange podcast. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Global retailers are headed for Shein reckoning

Tue, 30 Apr 2024 11:44:00 -0000

Zara owner Inditex, H&M and other apparel giants are holding ground against the Asian fast-fashion upstart. However, AlixPartners’ retail expert Matt Clark argues in this Exchange podcast that Shein’s focus on garment quality could threaten the dominance of pricier rivals. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Chinese stocks have found a bottom

Tue, 23 Apr 2024 00:12:00 -0000

After a $5 trln crash, there are early signs of healthy buying. In this Exchange podcast, Herald van der Linde, HSBC head of equity strategy, Asia Pacific, unpicks the shifting sentiment of Chinese households and implications for the rest of the region’s capital markets.

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[The Exchange] Why rich nations have to keep helping poorer ones

Tue, 16 Apr 2024 08:57:00 -0000

The world faces many onerous financial and climate challenges. Still, as Axel van Trotsenburg, the World Bank’s Senior Managing Director, explains in this Exchange podcast, governments and companies in advanced economies cannot afford to stop supporting developing ones. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] How new stock rules are boosting Europe’s startups

Tue, 09 Apr 2024 07:57:00 -0000

Young companies in the European Union have traditionally lagged US rivals in both value and numbers. But in this Exchange podcast, Index Ventures Partner Hannah Seal explains how friendlier regulations on employee share ownership are helping EU-based entrepreneurs fill that gap. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Big banks’ shock absorbers are still far too slim

Tue, 26 Mar 2024 09:58:00 -0000

Credit Suisse and a string of US regional banks failed last year. In this Exchange podcast, Stanford Professor Anat Admati argues that lenders’ equity buffers are punier than they seem – and that fixing the problem needn’t cause a credit crunch. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Crypto’s roaring comeback may be harder to undo

Tue, 19 Mar 2024 12:20:00 -0000

Bitcoin’s price broke its record, nearly two years after crypto exchange FTX went bust. In this Exchange podcast, Andreessen Horowitz’s Arianna Simpson explains why digital assets and the ledgers underpinning them are inextricable, and what’s driving new excitement around both. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] How to sustain the big rebound in dealmaking

Tue, 12 Mar 2024 13:25:00 -0000

The year kicked off with a 75% increase in global M&A activity, to $525 bln. Speaking to The Exchange podcast from a gathering of merger mavens in New Orleans, Evercore banker Bill Anderson discusses the resurgence and what’s needed to keep the momentum after a two-year slump. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] How to solve Europe’s defence riddle

Tue, 05 Mar 2024 09:03:00 -0000

At 360 bln euros, the bloc’s military expenses are three times Russia’s. Yet fragmented defence systems are a problem, Bruegel senior fellow Guntram Wolff tells The Exchange podcast. To improve scale and boost aid for Ukraine, Europe should consider more joint debt. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Why central banks risk making more mistakes

Tue, 27 Feb 2024 09:23:00 -0000

Western rate-setters were late in fighting inflation. In this Exchange podcast, TS Lombard economists Dario Perkins and Davide Oneglia argue that, as price growth abates, the US Federal Reserve and European Central Bank may be too slow in easing monetary policy. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] The rocky road to an ‘eBay for carbon credits’

Tue, 20 Feb 2024 14:56:00 -0000

Markets that trade the right to emit greenhouse gases have a ropey history. Still, in this Exchange podcast Harvard University Fellow Ely Sandler argues that companies and countries may increasingly pay carbon taxes via emission permits – and unlock cash for the green transition. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] The green agenda’s best shot at a revival

Tue, 13 Feb 2024 11:07:00 -0000

Economic distress prompted by globalisation undermines support for the energy transition, climate change economist Valentina Bosetti tells The Exchange podcast. That matters as key US and EU elections approach. Using proceeds from carbon taxes to address inequality is paramount. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Why tech giants will rake in AI’s big gains

Tue, 06 Feb 2024 12:35:00 -0000

Amazon, Microsoft, Nvidia and Alphabet powered roughly 8% of 2023’s North American venture deals, largely in artificial intelligence. In this Exchange podcast, Altimeter Capital investor Apoorv Agrawal explains why these companies are reaping rewards from the latest tech craze. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Shipping giants can withstand Red Sea crisis

Tue, 30 Jan 2024 10:22:00 -0000

Houthi attacks near the Suez Canal are slowing global trade. In this Exchange podcast, Zvi Schreiber, CEO of shipping platform Freightos, discusses how the sector was caught by surprise, but excess container ships and more air cargo capacity are helping limit the immediate pain. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Fixed income investors have reasons to be fearful

Tue, 23 Jan 2024 10:50:00 -0000

Uncertainty over the direction of inflation and monetary policy is buffeting markets. In this Exchange podcast Jim Grant, founder of ‘Grant’s Interest Rate Observer’, discusses his gloomy outlook for US bonds and sounds a warning about the risks of shadow banking. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] Bain is keeping the private in private equity

Tue, 16 Jan 2024 11:56:00 -0000

Rivals like Apollo and KKR went public more than a decade ago, over time de-emphasizing their buyout roots, especially amid a recent deal drought. In this Exchange podcast John Connaughton of Bain Capital explains why his firm isn’t following them, and how the market is healing. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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[The Exchange] AI startups’ key challenge is creativity, not cost

Tue, 09 Jan 2024 13:52:00 -0000

Developing humanlike models is notoriously expensive. In this Exchange podcast, venture capital investor Konstantine Buhler of Sequoia Capital discusses how new breakthroughs are starting to lower costs and how that presents opportunities for challengers like OpenAI. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Global energy fissures are a risk for the West

Tue, 12 Dec 2023 10:24:00 -0000

Falling oil prices despite recent cuts imply a weak OPEC+. Yet the producer group may increasingly align with other emerging market states on areas like Russia and climate change. In this Exchange podcast commodities expert Helima Croft says that’s an issue for Europe and the US. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Subsidies are crucial to the green transition

Tue, 05 Dec 2023 03:26:00 -0000

The world is short not of capital, but of projects to fund and sovereigns willing to share risk. In this Exchange podcast, Fortescue’s Andrew Forrest discusses why all countries need an IRA and the lessons of leading the world’s fourth-largest iron ore miner through change.

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COP28’s big dilemma: fossil fuel cuts, or fudges

Tue, 28 Nov 2023 08:10:00 -0000

The success of the Dubai climate shindig rests on how much it slashes emissions via cuts to oil production, and how much it relies on carbon storage or removal. In this Exchange podcast, Energy Transitions Commission chair Adair Turner warns against relying on the latter.

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How the West can win the green metals race

Tue, 21 Nov 2023 09:20:00 -0000

China dominates the processing of stuff essential to the energy transition. Rich countries can shift the balance if they accept more mining at home. Most of all, Europe needs to be better at recycling, critical materials expert Gavin Harper explains in the Exchange podcast. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Labour is weak link in Israeli economic defences

Tue, 14 Nov 2023 09:38:00 -0000

The Middle Eastern country has withstood the financial pain of a war with Hamas, William Wechsler at the US think tank the Atlantic Council says in this Exchange podcast. But as the conflict continues, an increasing labour shortage will pile pressure on the economy. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Drug shortages demand quick and costly action

Tue, 07 Nov 2023 11:08:00 -0000

Chemotherapy and penicillin ran short over the past year amid supply-chain disruptions and regulatory pressure. In this Exchange podcast, Dr. Steffen Denzinger, president of the European Fine Chemicals Group, argues that safeguarding medicines may require patients to pay more. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Israel’s war is a risk and opportunity for Saudi

Tue, 31 Oct 2023 09:38:00 -0000

Hamas’s attacks complicate Mohammed bin Salman’s aim to build relations with the Israeli state, Gulf expert Kristian Coates Ulrichsen says in this Exchange podcast. But if the Saudi crown prince can use his leverage to help Palestinians, it may help his image at home and abroad. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How to spur investments in greener power grids

Tue, 24 Oct 2023 10:37:23 -0000

Electricity networks need to be upgraded and adapted to a carbon-free world. That means doubling investments to $750 bln a year. With returns uncertain, attracting cash is not easy, Secure Meters CEO Suket Singhal argues in this Exchange podcast. New pricing models would help. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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The financial ramifications of US-China tensions

Tue, 17 Oct 2023 08:08:02 -0000

The rivalry between the world’s two largest powers is having an impact on almost every aspect of global business and finance. In this episode of The Exchange podcast, Jared Cohen from Goldman Sachs discusses how investors should approach geopolitics, and the limits of decoupling. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How the Federal Reserve got inflation wrong

Tue, 10 Oct 2023 11:26:28 -0000

US policymakers underplayed the spike in consumer prices in 2021. In this Exchange podcast, Don Kohn, senior fellow at the Brookings Institution and former Fed vice chair, argues that a rule change a year earlier was a key reason why the central bank failed to lift rates faster. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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China’s electric cars reinvent the wheel for good

Tue, 03 Oct 2023 04:59:21 -0000

The country’s automakers are overtaking legacy marques at home and abroad. In this Exchange podcast, industry consultant Tu Le explains what has given BYD, especially, the edge over rivals. He also makes the case for treating Elon Musk’s Tesla as a Chinese carmaker.

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EU regulators have tech giants in their sights

Tue, 26 Sep 2023 08:57:44 -0000

Brussels is taking on the likes of Amazon and Apple with a slew of new rules aimed at curbing market dominance and taking back control over data. Former EU Commission economist Bertin Martens explains to The Exchange podcast how the industry giants could be forced to open up. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How Ukraine’s banks can survive another war

Tue, 19 Sep 2023 08:57:53 -0000

The country’s former central bank Governor Valeria Gontareva explains on The Exchange podcast how the radical steps implemented in 2014 helped Ukrainian lenders withstand the Russian invasion and kept the financial system afloat, and why Ukraine needs to keep reforming. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Grocers learn lessons of ‘greedflation’ drama

Tue, 12 Sep 2023 10:32:22 -0000

Food-price rises are easing, which is good news for supermarkets that stand accused of profiting from consumer pain. In this Exchange podcast, Ahold Delhaize CEO Frans Muller explains why demand for own-brand goods gives the Dutch group an upper hand in supplier negotiations. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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The obesity drug boom is just getting started

Tue, 05 Sep 2023 10:22:14 -0000

Over 1 bln people are obese, the WHO reckons. Denmark’s Novo Nordisk is ahead of the pharma pack with its Wegovy weight-loss drug. In this Exchange podcast, recorded in August as a Reuters Newsmaker, CEO Lars Jorgensen says the market will be big enough for other players too. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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‘Lipstick effect’ boosts beauty’s resilience

Tue, 15 Aug 2023 14:54:25 -0000

Despite rising inflation and sluggish spending, beauty and skincare have bucked the trends dragging on other parts of retail. Tarang Amin, CEO of e.l.f. Beauty, explains in this Exchange podcast how the $400 bln-plus segment can survive economic hardship.

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https://www.breakingviews.com/considered-view/capital-calls-coca-cola-bottles/

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Jho Low could create a new world of 1MDB pain

Tue, 08 Aug 2023 02:16:21 -0000

The fugitive at the centre of Malaysia’s sovereign fund scandal, is in China. In this Exchange podcast Billion Dollar Whale co-author Bradley Hope explains why Beijing may soon give him up and how his return could be difficult for all involved, from global banks to celebrities.

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How Europe can square the circle on green economy

Tue, 01 Aug 2023 08:26:54 -0000

Shifting away from fossil fuels is an opportunity for the bloc, argues economy tsar Paolo Gentiloni in this Exchange podcast. But it will have to overcome challenges, such as US competition for investment and the EU’s own narrow set of financial tools. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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China’s property market is finding a new normal

Tue, 25 Jul 2023 02:53:00 -0000

Slower growth is not necessarily bad. In this Exchange podcast, Cara Li, Head of Asia Pacific Real Estate Investment Banking at Morgan Stanley, says the debt-fuelled engine of the world’s second largest economy is maturing and outlines the benefits of a period of consolidation. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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How to breathe life into zombie office property

Tue, 18 Jul 2023 13:03:03 -0000

Lenders are steering clear of buildings that face reckonings from remote working, pushing prices down. In this Exchange podcast, real estate investor Scott Rechler argues that it will take financial and civic engagement to make empty space desirable for living – and investing. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Venture capital has female entrepreneur black spot

Tue, 11 Jul 2023 09:32:45 -0000

Companies founded by women get at best 3% of venture money each year. That’s a sign investors are not allocating capital wisely and missing lucrative deals, Loyal VC founding partner Kamal Hassan tells The Exchange podcast. It’s time to change the venture playbook. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Why central banks cannot relax in inflation fight

Tue, 04 Jul 2023 08:24:02 -0000

Western policymakers have frantically hiked interest rates to dampen consumer prices. In this Exchange podcast, Claudio Borio, a top official at the Bank for International Settlements, argues that rate-setters need to keep going to ensure costs of living won’t stay elevated. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Why backing prevention can yield better health

Tue, 27 Jun 2023 08:04:00 -0000

Treating illnesses like cancer consumes 11% of global GDP, according to the World Health Organization. In this Exchange podcast, Dr. Katie Tryon, director of healthcare strategy at Vitality, explains that overburdened care systems need to spend their way back into shape.

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US and China are decoupling, and it is permanent

Tue, 20 Jun 2023 00:49:00 -0000

Forget de-risking or containment. In this Exchange podcast, Gavekal research director Chris Beddor explains the political framing of the slogans, unpicks changing trade and financial flows between the world’s two biggest economies and explains why China hasn’t retaliated more. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Fed’s rate hike habit will be hard to kick

Tue, 13 Jun 2023 10:25:14 -0000

The US central bank is mulling a pause after raising interest rates at its last 10 meetings. In this Exchange podcast, Morgan Stanley chief economist Seth Carpenter lays out the calculus behind the Federal Reserve’s next move, and why it’s so hard for policymakers to pivot.

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Pampered pets unleash booming market

Tue, 06 Jun 2023 15:05:21 -0000

The pet craze brought on by the pandemic has become a boon for companies that sell products to dog-loving owners. FidoCure founder Christina Lopes explains to The Exchange podcast how this might be able to help humans, too. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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India’s moment is obfuscated by its jobs deficit

Tue, 30 May 2023 02:17:00 -0000

The country is establishing itself on the global investment map. In this Exchange podcast, author and ex-IMF director Ashoka Mody talks about why executives should look at India’s underemployment problem instead of focusing on its 7% GDP growth as they size-up the opportunity. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Europe’s scramble to tame artificial intelligence

Tue, 23 May 2023 09:23:15 -0000

Brussels is a step closer to unveiling regulation for the controversial technology. Dragoș Tudorache, a legislator in the European Parliament, helped write the law. In this Exchange podcast, he argues that the rules focus on the biggest risks while leaving room for innovation.

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Why the jobs market could brush off AI threat

Tue, 16 May 2023 14:20:39 -0000

Hiring seems to be waning in the US and Europe. Yet in this Exchange podcast, recruitment boss Sander van ’t Noordende strikes a hopeful note. The Randstad CEO explains why artificial intelligence and a possible economic slump are doing nothing to dampen demand for talent. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Credit Suisse debacle raises oversight question

Tue, 09 May 2023 10:19:33 -0000

Swiss authorities hailed the state-backed rescue of the stricken lender by UBS as a commercial solution that will be light on domestic taxpayers. Banking professor and former SNB official Urs Birchler tells The Exchange podcast why the quick fix is far from ideal. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Airbnb swerves tech rout with constant change

Tue, 02 May 2023 16:22:59 -0000

The $77 bln travel company weathered the pandemic and is now navigating a tech valuation bloodbath. Its co-founder Nathan Blecharczyk told The Exchange podcast that lessons learned during Covid-19 about disruption and never sitting still are key to its future. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Exploring the City of London’s existential dread

Tue, 25 Apr 2023 07:58:31 -0000

The global financial centre is suffering a spasm of anxiety about its status, while the government is pushing post-Brexit reforms. In this Exchange podcast William Wright, founder of the New Financial think tank, discusses the roots of the malaise and what can be done to fix it. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Cyberattack risks rise up company agendas

Tue, 18 Apr 2023 14:29:07 -0000

Digital breaches and data theft were up 40% in 2022. As firms expand their digital network, the weaknesses criminals exploit will also grow, DXC Technology’s security expert Mark Hughes told The Exchange podcast. Defending against attacks will inevitably cost more. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising.

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Counting the cost of the US-China chip war

Tue, 11 Apr 2023 02:16:00 -0000

Six months into Washington’s sweeping export restrictions on semiconductors, Chinese and global chipmakers including TSMC are navigating the fallout. In this Exchange podcast, author Chris Miller talks about the fight for the critical technology and how Beijing may retaliate.

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Bank bail-ins, and how to prevent climate bailouts

Tue, 04 Apr 2023 09:50:25 -0000

Mark Carney helped design the post-2008 system for resolving bust lenders. In this episode of the Exchange, the ex-Bank of England governor tells George Hay what he makes of last month’s rescue of Credit Suisse, and how to limit future financial sector hits from climate change.

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Ferrari’s green journey takes surprise turn

Thu, 30 Mar 2023 10:08:26 -0000

Europe’s plan to support carbon-neutral fuels is good news for the $50 bln luxury carmaker, CEO Benedetto Vigna says on the Exchange podcast. It will allow the group to flog the roaring engines that made its fortune. Electric cars remain a goal, but self-driving Ferraris are not.

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Busting through the brick wall barricading M&A

Tue, 28 Mar 2023 14:21:12 -0000

Worldwide merger activity is down by about half this year to $470 bln, stymied by tough financing conditions, assertive trustbusters and more. In this Exchange podcast from New Orleans, JPMorgan’s head of M&A Anu Aiyengar debates downbeat dealmakers and the pockets of optimism.

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Bayer pumps H2O to top of climate agenda

Tue, 21 Mar 2023 15:34:35 -0000

The UN is hosting its first confab on water security in almost 50 years as floods and droughts worsen with rising temperatures. In this Exchange podcast, Bayer executive and former member of Germany’s Green Party Matthias Berninger lays out the drugs-to-seeds maker’s remedies.

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Hollywood faces a content reckoning

Tue, 14 Mar 2023 16:00:32 -0000

Netflix and other streaming giants are refocusing on profitability over subscriber growth. In this episode of The Exchange, Vania Schlogel, an investor in Brad Pitt’s production firm, explains what challenges lie ahead for those selling TV shows, movies and music rights.

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American labor shortage is a rose with many thorns

Tue, 07 Mar 2023 14:47:37 -0000

The short supply of US workers is starting to look more permanent than temporary. In this Exchange podcast, former White House economist Jason Furman explains how near-record job openings could lift prices, and why unemployment probably needs to rise for inflation to cool off.

https://www.reuters.com/breakingviews/rapid-hiring-has-bad-worse-consequences-2023-02-03/

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Navigating the bumps in the energy transition road

Tue, 28 Feb 2023 12:44:10 -0000

War and power crises raise questions about the smoothness of global decarbonisation. In this episode of the Exchange podcast, former Shell Chief Executive and current ABB Chair Peter Voser explains how global companies are adapting, and why European oil majors can still go green.

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War puts defence firms on investors’ radar

Tue, 21 Feb 2023 12:19:43 -0000

The Ukraine conflict is prompting once-wary capital to engage with defence and aerospace companies. In this Exchange podcast Lorenz Meier, CEO of drone software firm Auterion, accepts ethical issues remain. But defence tech startups should brace for new venture capital cash.

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How central banks got the inflation crisis wrong

Tue, 14 Feb 2023 13:29:46 -0000

Western policymakers have hiked interest rates by more than 10 percentage points since 2021. Yet prices remain high. In this Exchange podcast, Paul Donovan, chief economist at UBS Global Wealth Management, explains how rate-setters failed and what they should do next.

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The plastic waste fight is just beginning

Tue, 07 Feb 2023 13:48:55 -0000

Where does packaging waste go? Ellen MacArthur Foundation expert Sander Defruyt tells The Exchange podcast about the challenges companies like Coca-Cola and Danone face cutting the 140 mln tonnes of plastic discarded each year. With progress stalling, global rules are afoot.

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Global supply chain scars will spark sea change

Tue, 31 Jan 2023 12:39:36 -0000

The business of shifting goods around the world plunged into chaos during the pandemic. In this Exchange podcast Alan Murphy, boss of researcher Sea-Intelligence, explains China’s changing role in global trade and how that impacts the price of everything from iPhones to cars.

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California floods underscore rising climate costs

Tue, 24 Jan 2023 11:39:02 -0000

Catastrophic storms have devastated the Golden State’s economy and left more than $1 bln in damages. In this Exchange podcast, climatologist Adam Smith explains how global warming has made weather events more expensive, and what governments can do to protect against them.

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How to navigate a bewildering market landscape

Tue, 17 Jan 2023 11:45:23 -0000

The pandemic boom lured in new and younger investors. Now interest rates are up, asset prices are down, and ESG investing faces a backlash. In this Exchange podcast, Morningstar CEO Kunal Kapoor talks about personalising investment, the value of data, and taking the long view.

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How geopolitical shocks will spread in 2023

Tue, 10 Jan 2023 13:28:53 -0000

Traders and chief executives were caught out by shock events in 2022. In this Exchange podcast, Tina Fordham, founder of Fordham Global Foresight, discusses the new risks emerging from China, Iran and Russia this year.

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Activists will be no-holds-barred in 2023

Tue, 03 Jan 2023 16:39:53 -0000

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Betting against the Bank of Japan

Tue, 13 Dec 2022 04:49:33 -0000

Investors are closely watching for signs that Tokyo might finally start winding down its ultra-low interest rates as inflation rises. In this Exchange episode, Pete Sweeney chats with Sayuri Shirai, former BOJ policy board member, about whether and how Japan might adjust.

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The complexities of EY’s big breakup bet

Tue, 06 Dec 2022 12:20:56 -0000

The Big Four firm is pushing a plan to separate its auditing unit from its consulting business. In this Exchange podcast Andy Baldwin, global managing partner, discusses the challenges of convincing partners in over 70 countries to back the split – and what happens if it fails.

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Consumer spending anomalies are the new norm

Tue, 29 Nov 2022 13:34:55 -0000

High inflation and glum sentiment are changing how people use their money. In this edition of The Exchange podcast, Brookings Institution economist Wendy Edelberg explains what shoppers are loath to give up during times of duress and why strange patterns will persist.

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Energy crises speed up the green transition

Tue, 22 Nov 2022 09:19:03 -0000

In 2022, war and power shortages have led to more fossil fuel use. But they also act as a catalyst for the rollout of renewable energy. In this edition of The Exchange podcast, ex-Snam boss Marco Alverà tells George Hay how Europe’s leaders can capitalise on this dynamic.

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Crypto readies itself for a post-FTX hose-down

Tue, 15 Nov 2022 12:39:05 -0000

The collapse of Sam Bankman-Fried’s empire exposed the vulnerabilities of a vast, unregulated world of digital finance. Rivals like Circle CEO Jeremy Allaire hope to prove there’s a safer side of crypto worth saving. He presents his case in this episode of The Exchange podcast.

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The politics and economics of superpower rivalries

Tue, 08 Nov 2022 08:21:44 -0000

Are America and China heading for a showdown, and what does it mean for the world order? In this edition of the Exchange podcast Paul Tucker, former deputy governor of the Bank of England, discusses the financial and foreign policy fallout and his new book, “Global Discord”.

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Climate fight’s main event battles sophomore slump

Tue, 01 Nov 2022 09:56:02 -0000

COP26 put climate change centre stage in 2021, but this year war and energy crises have distracted attention. In this episode of The Exchange, the United Nations’ key COP27 players Mahmoud Mohieldin and Nigel Topping tell George Hay why the event could still make a splash.

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China’s chairman of everything wins again

Fri, 28 Oct 2022 04:07:00 -0000

President Xi Jinping dramatically consolidated his political power at the recently concluded Communist Party Congress. In this episode of the Exchange, Dan Rosen of the Rhodium Group and Pete Sweeney delve into the role Xi-style socialism will play in China’s economic future.

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Europe’s energy crisis nears winter of discontent

Tue, 18 Oct 2022 09:37:25 -0000

Germany, Italy and others have scrambled to replace Russian gas and pipeline attacks have become a concern. The Oxford Institute for Energy Studies’ Jack Sharples tells The Exchange podcast Europe must learn to live with less power. Next year may be even more challenging.

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A private lender eats buyout bankers’ lunch

Tue, 11 Oct 2022 13:43:37 -0000

With public debt markets shut, funds that help finance leveraged buyouts and other deals have become the only game in town. In this episode of the Exchange podcast, Blue Owl co-founder Marc Lipschultz explains how private credit has muscled in on investment bankers’ home turf.

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Canary Wharf’s post-pandemic property conundrum

Tue, 04 Oct 2022 08:35:17 -0000

The east London financial hub’s owner is expanding even as tenants like HSBC consider ditching their leases. In this Exchange podcast, CEO Shobi Khan explains how renting out swanky apartments and luring a new breed of tenant can insulate the landlord from a property slump.

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Silicon Valley’s post-Covid brain drain

Tue, 27 Sep 2022 13:39:16 -0000

Before the pandemic, 75% of venture capital was invested in California, New York and Massachusetts. In this Exchange podcast, AOL co-founder Steve Case explains that a hybrid working revolution is reversing that trend and encouraging permanent investment away from the coasts.

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Nissan’s Ashwani Gupta on the need for speed

Tue, 20 Sep 2022 02:09:58 -0000

The arrest and escape of former Chairman Carlos Ghosn in 2019 put a harsh spotlight on the Japanese auto giant. Covid and inflation have added pressure since. In this episode, Nissan’s COO talks to Pete Sweeney about electrification, fast cars and turning the business corner.

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Italy’s next government has tricky to-do list

Tue, 13 Sep 2022 10:43:32 -0000

A rightist coalition is poised to win Italian general elections this month. In this week’s Exchange podcast Muzinich’s Fabrizio Pagani discusses the next executive’s immediate economic challenges. These include coping with an energy crisis, high public debt and a bailed-out bank.

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AstraZeneca’s Soriot on cures for pharma ills

Tue, 30 Aug 2022 10:19:49 -0000

The $208 bln drugmaker’s CEO is celebrating 10 years at the helm. In this edition of the Exchange podcast, he explains why after quadrupling the company’s share price, there is more to do. He also delves into Chinese competition and the consequences of caps on U.S. drug prices.

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Australia’s investing giant is taking on the world

Tue, 23 Aug 2022 04:54:00 -0000

Inflation and rate hikes made for a tough first year atop AustralianSuper for Paul Schroder. In this week’s Exchange podcast, he lays out his plan to quadruple the country’s largest pension manager in size by expanding abroad, learning from peers and targeting private equity.

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Thoma Bravo is riding the tech downturn

Tue, 02 Aug 2022 14:11:15 -0000

Tech valuations are in freefall amid a darkening economic picture, leaving private equity buyers to sift through the wreckage. In this episode of The Exchange podcast, Thoma Bravo managing partner Seth Boro explains how his firm is navigating the market shift.

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ESG is more of a muddle than a fiddle

Tue, 19 Jul 2022 11:50:18 -0000

Environmental, social and governance investing is under the spotlight. In this episode of The Exchange podcast, Bridgewater’s sustainable finance gurus Karen Karniol-Tambour and Carsten Stendevad explain how ESG’s main problem is a lack of clarity over its goals.

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GSK’s bid to dominate longer-life HIV drugs

Tue, 05 Jul 2022 09:33:12 -0000

Deborah Waterhouse and Dr Kimberly Smith have spent decades battling the deadly virus. In this edition of The Exchange podcast, the leaders of the British drug giant discuss breakthroughs in the $26 bln market and how Gilead is also making a play for the growing sector.

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Hong Kong’s last governor on dealing with China

Tue, 21 Jun 2022 08:56:26 -0000

Chris Patten was Britain’s top representative in the colony before its handover 25 years ago. In this edition of The Exchange podcast he talks about his newly published diaries, businesses sucking up to the People’s Republic, and whether the West will defend international rules.

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Pete Stavros and his equity-for-all quest

Tue, 31 May 2022 11:56:55 -0000

The KKR partner started the non-profit Ownership Works to help companies grant stock to entire workforces. He discusses the resistance, the success stories, and an ambitious plan to create $100 bln of wealth for employees on this episode of The Exchange podcast.

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How Brooks ran into Warren Buffett’s arms

Tue, 26 Apr 2022 13:52:00 -0000

The athletic-shoe company nearly expired while trying to compete with Nike and Adidas. Then Jim Weber stepped in and sharpened its focus to runners. The company’s boss explains in this episode of The Exchange how staying the course caught the attention of the Sage of Omaha.

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Australia can charge up a war on climate change

Tue, 12 Apr 2022 04:31:00 -0000

Saul Griffith, author of “The Big Switch”, tells Antony Currie why neither hydrogen nor carbon capture can tackle global warming. Instead, electrifying everything from cars to stoves will, thanks to ample sun and wind Down Under. It'd spark a jobs and exports boom, too.

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The cost of corporate kowtowing to China

Tue, 05 Apr 2022 08:41:00 -0000

In “America Second”, Isaac Stone Fish lays into executives who suck up to Beijing. He and Pete Sweeney discuss how politics and economics are forcing U.S. companies to reframe their approach, what legislations might be in the pipeline, and whether military conflict is inevitable.

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Why U.S.-China financial tension is hard to disarm

Tue, 29 Mar 2022 13:55:45 -0000

Relations between the world’s two largest economies were already tense, and Russia’s invasion of Ukraine has further increased the pressure. In this episode of The Exchange, James Fok explains how the relationship became so fraught, and why it’s unlikely to improve anytime soon.