Microsoft’s AI-fuelled cloud growth fell slightly short of investors’ expectations, the cost of a luxury office space in Miami smashed records, and London’s stock market has fallen behind in mining company listings. Plus, the FT’s Hamza Jilani explains how Pakistan’s banks are benefitting from mounting government debt.

Mentioned in this podcast:

Microsoft shares fall as cloud growth fails to impress Wall Street

Cost of Miami office space hits record high

Pakistan’s banks enjoy soaring profits on interest from mounting government debt

London loses its historic grip on global mining sector listings

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Miami: a rare bright spot in US office real estate

FT News Briefing

Miami: a rare bright spot in US office real estate