China’s president Xi Jinping has made building a new Silk Road from east Asia to the Middle East and Europe his signature foreign policy. If he succeeds, the Caspian region could once again be at the heart of world trade. The FT’s Jack Farchy reports from the port of Baku in Azerbaijan.

Picture credit: Dreamstime

 

Patrick Jenkins and guests discuss the CBI’s views on regulation post-Brexit and former EU chief José Manuel Barroso’s new job at Goldman Sachs, while in the US, Ben MacLannahan talks to Kim Schoenholtz, of NYU Stern School of Business, about Fed policy options in an era of low inflation and low growth.

 

Not being able to switch off is becoming seen for what it is — a sign of poor time management, says Lucy Kellaway

 

Billy Holiday’s secular hymn was born out of a blazing family row and its swaying melody went on to become a jazz standard, with versions by Tony Bennett and Sonny Rollins. Mike Hobart follows its history.

Credits: Jazz Moon, Saga, Columbia/Legacy, Island, Geffen Gold Mine

 

With Gideon Rachman, Robert Shrimsley, Giles Wilkes and Alan Beattie of the Financial Times. Presented by Sebastian Payne.

 

Doctors in the US are wasting hundreds of millions of dollars a year prescribing expensive branded medicines even when cheaper generic alternatives are available, according to an FT analysis. David Crow and Sujeet Indap discuss the findings.

 

The price of milk in Canada is disproportionately higher than it is in the US or even France, thanks to a government policy known as Supply Management implemented in the 1970s to protect dairy farmers from market instability. What does this policy mean in practice and how does it affect Canada’s involvement in global trade? FT Alphaville’s Cardiff Garcia and Matt Klein discuss with guest George Pearkes, Canadian expat and macroeconomic strategist at Bespoke Investment Group. Visit FT.com/Alphachat for show notes and links.

 

The pound, the yen and the dollar have dominated FX in 2016, putting the euro in the shade. But as Dominic Bunning of HSBC tells Roger Blitz, there is growing resilience in the performance of the single currency and that is set to continue.

 

For decades, astronomers have searched the skies for planets in our galaxy similar to Earth that could harbour life. A team of European scientists has now revealed they are closer to this goal, with the discovery of a new Earth-like body orbiting Proxima Centauri, the nearest star to the Sun. John Murray-Brown talks to Madhumita Murgia, FT technology correspondent, about the discovery.

 

The FT’s Davide Ghiglione reports from Amatrice as rescue teams race to find survivors from the earthquake that devastated mountain towns in central Italy this week.

Picture credit: Davide Ghiglione