Elon Musk’s effectivity drive failed to forestall US federal spending rising to a document $603bn in February, European battery maker Northvolt has filed for chapter in Sweden, and US inflation fell to 2.8% final month. Plus, China’s plan to revive Africa’s ‘freedom railway’ showcases Beijing’s leaner method to abroad help.
Talked about on this podcast:
Elon Musk’s cuts fail to stop US federal spending hitting new record
Northvolt files for bankruptcy in Sweden
US inflation fell more than expected to 2.8% in February
The railway that China hopes will take on the US in Africa
Saudi-owned Scopely buys Pokemon Go in $3.5bn gaming deal
For extra on Northvolt, take heed to the FT’s Behind The Cash deepdive here, or search wherever you get your podcasts.
The FT Information Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Extra assist from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s govt producer. The FT’s international head of audio is Cheryl Brumley. The present’s theme tune is by Metaphor Music.
