Europe’s banking industry could shed 10 per cent of its workforce by 2030. Plus, the FT’s US national editor and columnist Edward Luce predicted America’s president would not fall out with one-time “first buddy”, billionaire Elon Musk in 2025. He explains why they could form a new kind of alliance in 2026.

Mentioned in this podcast:

AI forecast to put 200,000 European banking jobs at risk by 2030

Forecasting the World in 2025

Forecasting the world in 2026

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Credits: The White House, Fox News, CBS, AP

Read a transcript of this episode on FT.com

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Predicting 2026: Will Trump and Musk officially reunite?

FT News Briefing

Predicting 2026: Will Trump and Musk officially reunite?