Middle East states are expected to bring in $1.3tn in additional oil revenues, big US retailers posted quarterly earnings this week and results were mixed, scientists have discovered a way to destroy harmful “forever chemicals”. Plus, we’ll look at the longlist for this year’s FT Business Book of the Year award. Mentioned in this podcast:Middle East states set for $1.3tn oil windfall, IMF saysWalmart and Home Depot ease fears of recession even as inflation persistsTarget’s profit tumbles on price cuts and efforts to clear inventoryBusiness Book of the Year 2022 — the longlistThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.