ireland

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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1)  Federal Reserve officials maintained their outlook for three interest-rate cuts this year and moved toward slowing the pace of reducing their bond holdings, suggesting they aren’t alarmed by a recent uptick in inflation.

(2) The Bank of England is likely to keep interest rates at a 16-year high, giving more time for inflationary pressures to cool before it loosens up on the quickest tightening cycle in decades.

(3) Anxious employees at Fidelity International, a globe-spanning business based in Bermuda and run out of London, began eying the door. 

(4) The sudden exit of Prime Minister Leo Varadkar leaves Ireland at a crossroads. Unaffordable housing, inequality and political pressures linked to immigration give the nationalist Sinn Fein party an opportunity to take power for the first time in 2025, or sooner.

(5) Reddit and its selling shareholders raised $748 million, pricing shares in an initial public offering at the top of a marketed range, the second big tech listing in as many days.

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 Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming CPI data, the battle to become speaker of the House, Ireland's newest budget proposal and the impact of China's Golden Week holiday.  

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Chinese corporate earnings reports are forecast to log poor performance and companies are set to downgrade outlooks, and policy makers walked away from Jackson Hole acknowledging they need to adjust to the changing global economy. Plus, the FT’s Jamie Smyth explains why Ireland is still in a good position for the life science industry boom despite a higher corporate tax.

Mentioned in this podcast:

Chinese companies’ earnings to lay bare impact of economic slowdown

‘No playbook’: policymakers face up to changing global economy at Jackson Hole

‘Talent is key’: Ireland brushes off tax rise and prepares for next life sciences boom

Corporate sponsors turn against Spain football chief over World Cup kiss

Credit: Reuters Protesters in Spain call Luis Rubiales to resign

Credit: Bloomberg Television ECB's Lagarde on Global Economic Environment, Inflation

Looking for a fresh perspective on the news? Meet FT Edit - the new app from the Financial Times. FT Edit brings you eight hand-picked stories to surprise and inform you, every weekday. Try FT Edit now: https://on.ft.com/446sxYS

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

Read a transcript of this episode on FT.com

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If you were offered a lift on Air Force One would you take it? Joe talks to Dion about his time with Joe Biden in Ireland and the extraordinary empathy shown by the president when visiting end of life patients at the Mayo Roscommon Hospice. He also gives some fascinating insights into what happened behind the scenes during the president’s visit. Finally, brace yourself for a cringeworthy & hilarious encounter between Brolly and a priest in Dublin City centre. No wonder Dion calls him Larry David…

Free State with Joe Brolly and Dion Fanning is a Gold Hat Production in association with SwanMcG.

For more on Free State: https://freestatepodcast.com/

To get in touch with the podcast: info@freestatepodcast.com

Twitter: @dionfanning @JoeBrolly1993 @freestateirl

Instagram: https://www.instagram.com/thefreestatepodcast/

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President Biden has been travelling up and down the island of Ireland, where he’s promised to “keep the peace” but has also cracked some jokes down the pub with his distant cousins. Sarah’s been following him and trying to find out why he’s actually there.

And a ruling from a Texas judge seeking to ban an abortion pill across America is being batted between various courts. Joyce Vance, who was a US attorney under Barack Obama, explains what can happen when the legal system gets personal and why it could go as far as the Supreme Court.

HOSTS: • Justin Webb, Radio 4 presenter • Sarah Smith, North America editor • Katty Kay, US special correspondent • Anthony Zurcher, North America correspondent

GUEST: • Joyce Vance, former US attorney

GET IN TOUCH: • Send us a message or voice note via WhatsApp to +44 330 123 9480 • Email Americast@bbc.co.uk • Or use #Americast

Find out more about our award winning “undercover voters” here: bbc.in/3lFddSF.

This episode was made by Daniel Wittenberg with Alix Pickles and Natasha Fernandes. The technical producer was Daffyd Evans. The senior news editor is Sam Bonham.

In honour of St Patrick, the Therapy Crouch goes international and takes the team too Dublin. 

Expect plenty of Guinness, Irish stew and questionable footwear chat. 

In Agony Ab, we hear from one of our listeners whose boyfriend’s hairline is in desperate need of a trip to Turkey, and learn why Bondi Rescue and Home and Away may not be the best research tools used if you are planning to emigrate to Australia. 

So Happy (belated) St Patrick’s day, we hope you enjoy this week’s episode of the Therapy Crouch!

Sláinte!

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In the early 1980s, imprisoned IRA members went on a prolonged hunger strike, leading to the death of ten men. This is their story.

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Robert is joined by Prop to discuss the bastards of the Great Hunger.

FOOTNOTES:

1. https://www.rte.ie/history/the-great-irish-famine/2020/0902/1162846-the-truth-about-trevelyan/

2. https://scalar.usc.edu/works/star-of-the-sea-a-postcolonialpostmodern-voyage-into-the-irish-famine/charles-trevelyan

3. https://archive.ph/njzu5#selection-3517.0-3537.162

4. https://12ft.io/proxy?q=https%3A%2F%2Fwww.independent.co.uk%2Farts-entertainment%2Fhistorical-notes-god-and-england-made-the-irish-famine-1188828.html

5. https://www.thoughtco.com/great-irish-famine-1773826

6. https://scholarship.law.marquette.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1653&context=mulr

7. https://onlinelibrary.wiley.com/doi/full/10.1111/ehr.12274

8. https://www.irishcentral.com/roots/history/queen-victoria-irish-famine

9. Coogan, Tim Pat. The Famine Plot (pp. 83-84). St. Martin's Publishing Group

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