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Behind the Money: Ford, GM and the corporate dash for cash

Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.


When credit markets seized up earlier in March, more than 130 companies rushed to their lenders to draw down at least $124bn of emergency credit lines to shore up cash, with Ford and General Motors drawing among the largest amounts. We look at how the auto industry is preparing for the economic uncertainty that lies ahead. With the FT's Peter Campbell and Gillian Tett.

 

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IP or not IP? Jan Dalley on the Luc Tuymans case

The Belgian artist has been found guilty of plagiarism. But intellectual property law is a poor fit with contemporary art's mash-ups, multiples and reworkings, says the FT's arts editor  


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Behind the podcast renaissance

Podcasts have existed for more than 10 years but have recently seen a surge of interest, spurred by the success of the true crime drama Serial, which has been downloaded more than 70m times. What is driving the so-called “podcast renaissance”? How are they different from radio shows? And do they pose a threat to traditional broadcasting? FT technology editor Ravi Mattu is joined by literature professor Sarah Churchwell, veteran podcaster Helen Zaltzman and Mark Friend, who is responsible for BBC Radio online. Produced by Griselda Murray Brown and Lily Le Brun  


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The general election and your finances, the gender pensions gap and our love/hate relationship with cash

The general election and your finances - with a week to go, what changes could the major parties bring in? Presenter Claer Barrett talks to Rachael Griffin, a tax expert at Quilter, about the pledges. Next up on the show if you're self employed, have you got a pension? A third of self-employed women say they are saving nothing into a pension. Blogger Emma Maslin, better known as the Money Whisperer, has lots to say on this topic. And finally - they might say it's vulgar to talk about money, but James Max, our Rich People's Problems columnist is here to explain why he loves cash.

 

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Introducing my podcast, Irreverent Questions

Other people’s working lives are endlessly interesting — always something to learn




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US prosecutors to drop case against Michael Flynn

Democrats outraged by move to clear former national security adviser who already pleaded guilty




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Premier League sought action on Saudi piracy claims before Newcastle deal

English football’s top division wrote to US government over Saudi’s alleged illegal screening of matches




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Comcast rides broadband wave during lockdown

US cable company enjoys rising demand for high-speed internet but movie business suffers




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Leading Philippine broadcaster ABS-CBN ordered to close

Station had carried reports critical of Duterte’s violent anti-drug crackdown




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Second homeowners accused of exploiting loophole to claim virus cash

Politicians say properties are being classed as holiday lets to be eligible for grants




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Gary Cohn: Crisis is speeding up the end of cash

Pandemic boosts shift towards digital wallets and currencies




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Could cash end up inside a museum?

Bank of England marks its 325th anniversary with exhibition of objects reflecting changing world of payments




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Venezuelans hit hard by cash crisis and hyper-inflation

Maduro’s economic rescue plan offers little hope to people struggling to get by 




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Forecasting in times of stress requires a different lens

‘Anna Karenina principle’ suggests every unhappy economy is unhappy in its own way




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German murder case raises fears of neo-Nazi resurgence

The murder of a local politician by right wing extremists has shocked Germany and set alarm bells ringing about the rise of neo-Nazi violence in the country. Ben Hall discusses the groups behind the upsurge in political violence and how dangerous they are with Guy Chazan in Berlin


Contrbutors: Katie Martin, capital markets editor, Ben Hall, Europe editor, and Guy Chazan, Berlin bureau chief. Producer: Fiona Symon

 

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Malta murder case throws spotlight on corruption in Europe

Allegations of high-level corruption have convulsed the Mediterranean island state of Malta and shocked the rest of Europe. Public anger has been unleashed by dramatic recent developments in the investigation into the killing of the journalist Daphne Caruana Galizia in a car bomb attack in October 2017. Ben Hall discusses the wider repercussions of the case with Josephine Cumbo and Michael Peel.

 

Contributors: Ben Hall, Europe editor, Josephine Cumbo, pensions correspondent, and Michael Peel, EU diplomatic correspondent. Producer: Fiona Symon

 

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EasyJet boosts cash after fresh pressure from Sir Stelios

Airline’s biggest shareholder calls for CFO’s exit over failure to scrap £4.5bn Airbus order 




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Airbus is ‘bleeding cash’, says chief executive

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence




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United Airlines prepares to cut workforce to reduce cash burn

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions




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Shell dividend cut puts Big Oil investment case in focus

Supermajors’ status as reliable income stocks questioned as earnings plunge




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South African Airways suspends some flights to save cash

State-backed carrier starts cancelling flights as vital government funding is delayed




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Japan’s corporate cash-hoarders have moment in sun

Virus’s swift and unforgiving economic effect may silence activists




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Blackstone makes new investment in coronavirus-hit casinos

Private equity group acquires 10% stake in Australia’s Crown Resorts




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Aviva pension clients barred from cashing in property assets

Provider cites coronavirus market turmoil for uncertainty over valuations




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Trump claims disinfectant ‘injection’ idea was sarcasm

Medical community warns of dangers from use of cleaning agent as internal treatment




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Euroclear holds on to its cash ahead of virus downturn

Settlement house delays payout and project to let small shareholders cash out




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Too much cash is chasing too few desirable assets

With no productive use of liquidity, money is going into market speculation driving recovery in asset prices




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Mexico’s Pemex: from cash cow to resource drain

President’s pet project holds line on output growth despite oil crisis and mammoth losses




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Santander 123 cashback credit card

Cardholders will receive 3 per cent cashback on fuel




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Cashback for Santander mortgage customers

1% cashback for mortgage customers with 123 account




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Trainline’s investment case is at risk of hitting the buffers

Tickets website has to navigate an overhaul of UK rail’s supporting infrastructure




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FT The Americas’ Fastest Growing Companies

This inaugural ranking of the region’s businesses by revenue growth rate reveals the dominance of the US and technology — the top-ranked company this year is an augmented reality and video game developer




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FT ranking: the Americas’ fastest-growing companies

Technology bolsters US dominance of the list, but coronavirus fallout looms large




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Coronavirus boosts digital banking as Argentines lose fondness for cash

SoftBank-funded fintech challenger Ualá expands rapidly amid the pandemic




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Consumers pay big price after free cash machines close

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up




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Nationwide launches cash Isa prize draw

As interest rates fall, more savings banks rely on the lure of cash prizes




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Cash Isas: only worth it for the wealthiest

Puny interest rates have dented the tax sheltering properties of cash Isas for most 




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Coronavirus: US tops 1m Covid-19 cases — as it happened

Deaths in England and Wales are highest on record in mid-April while cases in the US surpass 1m

Read more




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Covid-19 casts pall over Earth Day; Green bonds stand strong; Shake Shack does the ‘other’ right thing

Your guide to the investment and business revolution you can’t afford to ignore




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Europe needs a new scale of stimulus — and cash not credit

Direct payments should be made to citizens and companies




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Chinese electric car start-up Nio announces $989m cash injection

Investment in company’s new China entity is led by state-owned enterprises




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Equity Monday: Startups run low on cash, and why some Internet tailwinds are fading

Good morning and welcome back to TechCrunch’s Equity Monday, a jumpstart for your week. Regular Equity episodes still drop each and every Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re only adding to the mix. You can catch last week’s show with Danny Crichton and Natasha Mascarenhas right here if […]




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Microsoft showcases 13 new titles for the Xbox Series X

With conferences canceled indefinitely, companies are increasingly reliant on online events to hype product launches. As they prepare to release a next-gen console before the end of the year, expect plenty of live streams and blogs from both Microsoft and Sony in an attempt to flesh out all that their respective systems have to offer. […]




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Investors pour money into cash funds

Investors seek safe haven from stock market volatility




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Google Podcasts finally gets listener analytics

For all of its strengths, Google hasn’t exactly led the way in podcasting. After years of letting third-party developers dominate the category on Play, the company finally introduced its own Podcasts app. Since then, however, it’s been largely eclipsed by Spotify as second place to Apple’s longstanding efforts. Google Podcasts is finally available on iOS […]




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Acast partners with JioSaavn, one of India’s largest streaming audio services

Acast, a podcast monetization and distribution platform, announced a new partnership with JioSaavn, one of the largest streaming audio services in India. The agreement mean JioSaavn will distribute content from Acast and have access to its technology for podcasters. JioSaavn, which claims 104 million monthly active users, is the second-largest streaming audio service in India […]




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Dropping Flynn case turns Barr into Trump’s political sword

Pardoning cronies is offensive but precedented. Using DoJ to go after enemies is Nixonian




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VW hit by €2bn-a-week cash drain

World’s biggest carmakers reveal costs of pandemic shutting down factories around world




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Original Content podcast: ‘Too Hot to Handle’ might be a work of evil genius

Is “Too Hot to Handle” the dumbest show on Netflix … or the most diabolically brilliant? The reality TV series brings a group of twentysomethings together on a secluded tropical retreat, then — after a brief getting-to-know-you period — warns them that anything even coming close to sex will result in a reduction of the […]




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Original Content podcast: ‘Ozark’ keeps building tension in season three

The Netflix crime drama “Ozark” might not be exactly what you think of when you hear the phrase “high octane.” While there are a few big explosions, there are far more scenes of people talking urgently to each other while filmed in muted tones. A more apt description might be “high pulse rate.” Once you […]