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August 29, 2025 11 mins

Some World Trade Organization members are preparing to unveil a new grouping to boost “trade openness”, and the FT’s Katie Martin unpacks the lack of market moves after Nvidia’s outlook. Plus, a four-month “ninja stealth rally” has driven Tokyo’s equity market to record highs. 


Mentioned in this podcast:

Singapore, UAE and other small nations to launch trade partnership

Nvidia growth outlook hit by China uncertainty

Japan’s ‘ninja stealth rally’ draws in global investors

Listen to the Swamp Notes podcast on the World Trade Organization


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


Read a transcript of this episode on FT.com


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