The Big Four’s problems Down Under

7 July 2026 · 10m

FT News Briefing

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Show notes

Greek shipping companies have made at least $3.8bn transporting Russian oil over the past three years, Turkey wants its booming defence sector to arm Europe, and large institutional investors are committing billions of dollars to private credit funds. Plus, the Big 4 consulting firms are struggling with their credibility in Australia after a series of scandals.

Mentioned in this podcast:

Greek shipping companies made almost $4bn shipping Russian oil in past three years

Erdoğan rival shuttled between trials as Nato meets in Turkey

Turkey’s defence industry is booming. Europe is in its sights

Big investors commit billions to private credit despite turmoil

‘The brakes failed and they’ve crashed the car’: how the Big Four’s wheels fell off Down Under

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. 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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