Is Signa’s downfall a canary in the coalmine?

UK Prime Minister Rishi Sunak headed off a Conservative revolt over his flagship Rwanda migration bill, US core inflation rose last month, and the FT’s Sam Jones explains the downfall of Signa, one of Europe’s most prominent property developers. 

Mentioned in this podcast:

Rishi Sunak secures win in Rwanda asylum vote

Rise in US core inflation highlights stubborn price pressures

Rwanda vote exposes Tory divisions despite Rishi Sunak’s win

Signa fires René Benko ally for suspected ‘gross violations’ of duties

Insurers built €3bn exposure to struggling Signa property empire

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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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