The UK is holding its first summit with the European Union since Brexit, and US authorities are preparing to announce one of the biggest cuts in banks’ capital requirements in more than a decade. Plus, European leaders are hoping to influence US President Donald Trump ahead of his call with Russian President Vladimir Putin, and China is on its way to becoming the world’s first “electrostate.”

Mentioned in this podcast:

UK and EU reset talks go ‘down to the wire’

Europe races to influence Trump ahead of Putin call

US poised to dial back bank rules imposed in wake of 2008 crisis

How Xi sparked China’s electricity revolution

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Trump Administration to roll back banking rules

FT News Briefing

Trump Administration to roll back banking rules