Brazil’s long-running corruption probe has ensnared Michel Temer, the country’s president, after an executive secretly taped a conversation that showed Mr Temer allegedly endorsing bribe paying. James Kynge asks the FT’s Andres Schipani and Jonathan Wheatley where this leaves the country’s crucial economic reforms.

 

‘Happiness data’ says youth is carefree, retirement is bliss, and you muddle through in between. We argue with the FT’s Lucy Kellaway about which stage of life is the best. Then: novelist Will Self hotboxes the studio and holds forth on our obsession with smartphones and the future of London.

 

In this week’s FT Money show, columnist Merryn Somerset Webb tells presenter Claer Barrett why the Conservative party was wrong to u-turn on its manifesto pledge to change how social care is funded. Plus, what kinds of price reductions are buyers able to negotiate in the current property market, and how it’s possible to invest in stem cell research.

 

Saudi Arabia’s sovereign wealth fund is investing $65bn in foreign asset managers as part of a plan to diversify the economy away from oil. Nearly a third of that will be put into a fund run by Blackstone to invest in US infrastucture. Andrew England discusses the move with Simeon Kerr, FT Gulf correspondent, and Arash Massoudi, M&A correspondent.

 

Despite billions being spent on research, even our best deep learning neural networks look pitiful when compared to the intricate design of the brain of a bumble bee or even an ant, Peter Bentley tells John Thornhill.

 

France’s newly elected president has co-opted politicians from the left and the right to try to win enough support to push through his ambitious reforms. Harriet Agnew discusses the battles ahead with Anne-Sylvaine Chassany, the FT’s Paris bureau chief, and Michael Stothard, Paris correspondent

 

Fred Goodwin, disgraced former chief executive of Royal Bank of Scotland, may avoid appearing in court if last minute talks about a settlement with disaffected shareholders are successful. Patrick Jenkins discusses this week’s events at the High Court in London with Jane Croft, FT law courts correspondent. Music by Kevin MacLeod

 

Patrick Jenkins and guests discuss RBS as it attempts to settle with disgruntled shareholders, global banks increase their hiring in Asia and some worrying signs about the health of Canada’s mortgage lenders.

 

David Honigmann looks at how a sleeping Keith Richards dreamt up a riff that would later develop into a number one hit for Rolling Stones and become one of the most recognisable rock anthems of all times. Credits: ABKCO Records Inc, Universal International Music B.V, Rhino Atlantic, Virgin Records Ltd.

 

Will Britain’s departure from the EU be good or bad for the economy, or will it in fact have no great impact at all? Siona Jenkins puts the question to Sarah O’Connor, employment editor, and Chris Giles, economics editor.