The European Union struck a deal to limit the rate of US tariffs, and public companies are filling their coffers with cryptocurrencies. Plus, the share of goods in total UK exports has fallen to a record low, and China is moving to fill the void left by the US at the United Nations.

Mentioned in this podcast:

US and EU strike trade deal, says Trump

Companies load up on niche crypto tokens to boost share prices

Trump left a power vacuum at the UN. China saw an opportunity

The share of goods in total UK exports has fallen to a record low

China’s Shaolin Temple says its head is facing a criminal investigation

Today’s FT News Briefing was produced by Jess Smith, Ethan Plotkin, Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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China’s growing muscle at the UN

FT News Briefing