PwC plans overhaul of consulting business
4/15/202611 min
Ships are altering course as the US Navy’s blockade of the Strait of Hormuz continues into its third day, and PwC plans to overhaul its global consulting business. Plus, insurers are turning to catastrophe bonds to cover data centres, and AI chatbots aren’t a substitute for doctors when it comes to medical diagnoses.
Mentioned in this podcast:
Strait of Hormuz tankers stop or turn around amid US blockade
Iran war could slow global growth to weakest since pandemic, IMF warns
US pushing Iran to agree 20-year moratorium on nuclear activity
PwC plans overhaul of global consulting business
Insurers turn to catastrophe bonds to offload data centre risks
AI chatbots misdiagnose in over 80% of early medical cases, study finds
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Saffeya Ahmed and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley 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
Hosted on Acast. See acast.com/privacy for more information.
Clips
Transcript preview
First 90 secondsSonja Hutson· Host0:00
[intro music] Good morning from the Financial Times. Today is Wednesday, April 15th, and this is your FT News Briefing. A Big Four firm wants to shake up its global structure, and insurers are turning to catastrophe bonds to cover AI data centers. But first, an update on the Strait of Hormuz. I'm Sonia Hudson, and here's the news you need to start your day. [intro music] The US naval blockade of the Strait of Hormuz is entering its third day, and many ships are altering course. But tracking data shows that some vessels have made it through the critical waterway, including one sanctioned shadow fleet tanker carrying cargo from an Iranian port. But any ships that crossed through seem to have either turned around or stalled right outside the strait, which is where the US Navy is enforcing its blockade. The US military said no ships had passed through in the first day of the blockade. Oil prices actually fell yesterday. Brent dropped just under ninety-five dollars a barrel. That's because investors are hopeful that the US and Iran will resume peace talks before their ceasefire expires next week. President Donald Trump yesterday said negotiations