Activist investors give Japan a wake-up call
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 2 January 2025
⏱️ 14 minutes
🧾️ Download transcript
Summary
The UK’s financial watchdog has failed to remove illegal crypto adverts, and in Japan, shareholder activists are waking companies up from decades of slumber. Plus, the number of active US venture capital firms has dropped by more than a quarter since 2021, and the FT’s Martin Wolf interviews European Central Bank president Christine Lagarde on the bloc’s economic recovery from Covid-19.
Mentioned in this podcast:
FCA fails to hit firms after half of banned crypto adverts remain online
Activists push Japan Inc to its ‘great tipping point’, says Suntory head
Number of US venture capital firms falls as cash flows to tech’s top investors
Martin Wolf interviews Christine Lagarde: Whither Europe?
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.6 | Good morning from the Financial Times. |
| 0:36.2 | Today is Thursday, January 2nd, and this is your FT News Briefing. |
| 0:41.5 | The UK is struggling to clean up illegal crypto ads. |
| 0:45.7 | And in Japan, a wave of activist investors have got boardrooms to sit up and pay attention. |
| 0:52.7 | Plus, the FTs Martin Wolf sits down with the European |
| 0:55.7 | Central Bank president, Christine Lagarde. I think, Martin, we're getting very close to that stage |
| 1:01.8 | when we can declare that we have sustainably brought inflation to our medium term 2%. But I think we need to be cautious. |
| 1:12.9 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:25.8 | The UK's crackdown on illegal crypto ads isn't exactly going to plan. Between October |
| 1:32.9 | 2023 and 2024, the Financial Conduct Authority ordered more than 1,700 illegal promotions to be |
| 1:40.8 | taken down. But only half of the ads actually were, according to figures obtained |
| 1:46.3 | by the FT. On top of that, the FCA hasn't penalized any of the companies that failed to remove them. |
... |
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