What a local ceasefire means for the Russia-Ukraine war

Washington and Moscow are discussing a potential return by American companies to the Russian oil market as a localised ceasefire begins in the Ukrainian town of Oleshky, exit polls suggest there’s no clear winner in the Israel elections, and Brazil’s president is facing down a fiscal reckoning after winning re-election. Plus, China AI stocks are in a bear market, and UK chancellor John Healey will unveil the Autumn Budget.

Mentioned in this podcast:

Washington discusses Russian deals for US oil majors in Ukraine peace talks

Vladimir Putin speaks with Norwegian and Finnish leaders

Russia and Ukraine begin local ceasefire in frontline city

What happens next after Israel’s election?

Lula faces a fiscal reckoning after Brazil’s market rout

Flávio Bolsonaro’s passport cancelled as reports say he has fled Brazil

The AI bubble already popped — in China

Tech stocks gain as AI trade revives

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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our video producer is Zachary Alfred. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Vanessa Brown, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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