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FT News Briefing

A deep look inside the Congo River Basin

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 4 July 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

The UK’s financial watchdog has summoned bank chief executives to address concerns that savings rates are lagging behind the surging cost of mortgages, Internet brand, Yahoo, is planning a return to the public markets, and the FT has released an investigation into sexual allegations toward celebrated architect, David Adjaye. Plus, the FT’s Africa editor, David Pilling, takes us to one of the biggest rainforests in the world. 


Mentioned in this podcast:

UK watchdog summons bank bosses to address ‘profiteering’ claim

Yahoo plots return to public markets 

Sir David Adjaye: the celebrated architect accused of sexual misconduct

In search of the ‘village of the elephants’, deep in the central African rainforest


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help by Katie McMurran, 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


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

The FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk

0:11.3

Good morning from the Financial Times.

0:12.9

Today is Tuesday, July 4th, and this is your FT News Briefing.

0:18.0

The UK's financial watchdog is worried about lagging savings rates,

0:22.2

the internet brand Yahoo wants to return to the public markets,

0:25.8

and an FT investigation details sexual assault allegations against a celebrated architect.

0:31.5

Plus, the FT's Africa editor spent some time in the second largest rainforest in the world,

0:36.9

and the first part of a four-part series will take a deep look into the Congo River Basin.

0:42.4

I'm Mark Philippineau, it hears the news you need to start your day.

0:49.9

Sources tell the FT that the financial conduct authority is going to meet with UK

0:54.0

lenders on Thursday to address a profiteering claim.

0:57.4

There are accusations flying around that top bankers at HSBC,

1:01.5

net West, Lloyds, and Barclays are keeping savings rates low,

1:06.1

even as interest rates and mortgage rates rise.

1:09.4

Sources tell the FT that the FCA and the executives plan to talk about how to price cash savings

1:15.4

at the meeting. The sources also say it could result in a savings charter or set of commitments.

1:24.9

Over the next few days, the news briefing is going to central Africa into the world's

1:31.6

second biggest rainforest. The Congo River Basin sprawls across six countries.

1:37.2

It's home to thousands of species of tropical plants and incredible wildlife.

1:42.6

This rainforest is described as the lungs of the world,

1:45.6

because it absorbs so much carbon dioxide and emits so much oxygen.

...

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