Central bank monetary stimulus is propelling the prices of traditional income-producing investments ever higher, reducing their yields and sending income-hunters into riskier assets. How to assess whether what your money manager is selling you is safe. Plus: paying tax on our smartphones and where our donations to medical research really go.

 

 

This week Matteo Renzi, Italy’s prime minister, set a date in December for his high-stakes referendum on constitutional reform. The vote will determine the political future of a leader already struggling with painful party defeats in local elections, troubles in Italy’s banking system and a persistently weak economy. Ben Hall discusses with James Politi, the FT’s Italy correspondent and Europe news editor Joshua Chaffin.

 

A battle for the camera drone market has broken out, with action camera maker GoPro taking on the current leader DJI. Both companies have unveiled new products that are small enough to fold into a backpack. Chris Nuttall asks the FT’s Tim Bradshaw in San Francisco who’s winning the camera drone war.

 

Deutsche Bank is at the centre of an intense market sell-off, reflecting investor concern about a looming fine from the US government. Patrick Jenkins, the FT’s financial editor, asks Laura Noonan, investment banking correspondent, and Chris Wheeler, an analyst at Atlantic Equities, if there’s any way out for the German lender. Music by Kevin MacLeod

 

Patrick Jenkins and guests discuss Deutsche Bank’s falling share price, succession planning at HSBC and in the US, Sallie Krawcheck of Ellevest tells Alistair Gray why women need their own investment platform.

 

The aftermath of leaving my iPhone in a Washington DC taxi was frightening, shaming, then liberating, says Lucy Kellaway

 

To celebrate the FT’s Business Book of the Year Award, our star columnists recommend six classic business books and challenge listeners to read them in 12 weeks. In this first episode, John Thornhill, the FT’s innovation editor, chooses David Nasaw’s biography of Andrew Carnegie, while Helen Barrett, deputy Work & Careers editor, talks to management columnist Andrew Hill and the Chartered Management Institute’s chief executive, Ann Francke, about what makes a great business book.

 

Richard Clayton on how Tracy Chapman’s searing ballad of low income life carried her to global acclaim.

Credits: Elektra, King Tubby’s Music, Virgin EMI

 

With George Parker, Robert Shrimsley and Jim Pickard of the FT and John McTernan, political strategist and former Tony Blair aide. Presented by Sebastian Payne.

 

Citi’s chief global political analyst Tina Fordham joins Cardiff Garcia for a trip around the global economy to discuss the economic risks of either a Donald Trump or Hillary Clinton victory in November. Visit FT.com/Alphachat for show notes and links.