China’s new leadership team is due be unveiled at the Congress of the Chinese Communist Party, which begins next week in Beijing.The transition takes place against a troubled background. The economy is slowing and tensions are rising in a territorial dispute with Japan. Bo Xilai, who once expected to promoted in the reshuffle, is instead about to go on trial, and the outgoing premier, Wen Jiabao, has just been accused in the New York Times of using his position to accumulate huge wealth for his family. James Kynge, editor of FT China Confidential, and David Pilling, Asia editor, join Gideon Rachman to discuss the state of China at this crucial juncture.
The world of work is supposed to have changed beyond recognition since I started out on a bank’s graduate training programme three decades ago, but actually it hasn’t. For graduate trainees, nothing of any importance has changed at all.
This week the banking team discuss UBS’s move to split its investment unit and whether other banks will take similar decisive action as they come under regulatory and cost-saving pressures. Also under discussion is Lloyds’ scheme to scrap incentives linked to product sales, as UK lenders face renewed scrutiny following mis-selling scandals.
Kathleen Brooks, research director at Forex.com, joins FT currencies correspondent Alice Ross to discuss the pound, which has risen after higher than expected UK growth figures, as well as whether the Bank of Japan will launch a full scale currency intervention at its upcoming meeting.
In this week’s podcast:
We speak to Autodesk CEO Carl Bass about how smartphones, tablets and the cloud are changing the software industry, and to author David Gray about his new book, The Connected Company.
Plus, our series on how businesses are using IT continues with a look at a supply chain project at Danone Italy.
The final US presidential debate focused on foreign policy, and both Barack Obama and Mitt Romney laid out their vision for America’s place in global affairs. What does it mean for the world, and are US voters really paying attention to foreign policy? Borzou Daragahi, Middle East and north Africa correspondent, Geoff Dyer, US diplomatic correspondent, and James Blitz, diplomatic and defense editor, join Shawn Donnan to discuss the candidates’ positions on Syria, Iran, China and their notable silence on Europe.
Following Vikram Pandit’s surprise resignation from Citigroup, the banking team analyses events leading up to the chief executive’s departure and whether his replacement, Mike Corbat, is what the troubled group needs. Also under discussion are plans by Lloyds to reform its remuneration structure by ditching annual bonuses, as the bank attempts to appease the government, shareholders and the public.
David Bloom, global head of FX strategy at HSBC, joins FT currencies correspondent Alice Ross to discuss the future of forex trading as the currency runes become increasingly hard to read and investors shy away from the market, as well as the connection between the euro’s performance and a Spanish bailout.
The US presidential race is as tight as ever. President Obama appears to have ended his slide in the opinion polls following a much stronger performance in the second debate with Mitt Romney, but with less than three weeks until the election, what is likely to determine who wins the White House? Richard Macgregor in Manchester, New Hampshire, and Gary Silverman in New York join Ben Fenton to discuss.
You can listen to the FT's Podcasts directly on this page, listen on Stitcher, or subscribe to our Podcasts on iTunes. To listen to earlier episodes, select the show title from below or view a month from the Podcast Archive.