Exxon Mobil struck black gold in 2015 when it discovered a massive oil reserve off the coast of Guyana in South America. It’s poised to make Guyana the fourth-largest offshore oil developer in the world, and it's already jump-started a transformation within the developing economy. But will this oil bonanza benefit Guyana’s people? The FT’s US energy editor Jamie Smyth travels to Guyana’s capital to understand Exxon’s impact first-hand.  Clip from NBC News - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: The giant Exxon project that could create the world’s last petrostate Oil-rich Guyana tries to tap another source of cash: carbon credits Exxon’s exit marks reversal of fortune for Equatorial Guinea - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In November, online fast-fashion giant Shein filed paperwork to go public in the US. Since then the process has not moved forward at all — and it looks like Shein’s ties to Beijing could be to blame. The FT’s China tech correspondent Eleanor Olcott explains how Shein has tried to distance itself from China to appease US regulators, and where it might go public instead.  Clips from Reuters, Bloomberg, Yahoo Finance - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Shein switches focus to London after New York IPO stalls Shein’s London IPO flirtation Shein profits double to over $2bn ahead of planned listing Fund managers give cool reception to prospect of Shein London IPO - - - - - - - - - - - - - - - - - - - - - - - - - -  On X, follow Eleanor Olcott (@EleanorOlcott) and Saffeya Ahmed (@saffeya_ahmed). Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.