An unlikely alliance in Brazil
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 August 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Goldman Sachs plans to sell one of its personal financial management divisions, Brazil's president, Luiz Inácio Lula da Silva, is close to sealing an unlikely alliance, and the European defence industry is struggling to keep up with demand for ammunition for the Ukraine war. Plus, European Council president Charles Michel proposes a target date for adding new members to the EU.
Mentioned in this podcast:
Goldman Sachs sells financial planning unit as part of consumer retreat
El Niño’s storm clouds gather over global food prices
Lula nears pact with Brazilian rightwingers to boost passage of agenda
Boom in the woods: inside a munitions group’s fight to boost production
EU must be ready to accept new members by 2030, Michel to propose
Credit: European Council: President Michel @ Bled Strategic Forum 2023
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, 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
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Transcript
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| 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 |
| 0:12.4 | Good morning for the financial times. |
| 0:14.0 | Today is Tuesday, August 29. |
| 0:16.4 | This is your FT News Briefing. |
| 0:19.2 | Goldman Sachs is saying goodbye to consumer banking. |
| 0:22.5 | The president of Brazil wants to team up with his opponents |
| 0:26.4 | and Ukraine is asking for way more ammunition |
| 0:29.8 | than Europe can produce. |
| 0:31.4 | It would be an irony if, as Western Governments are donating things like F-16 fighter jets, |
| 0:38.9 | if the thing that is holding Ukraine back is just the shells that go into it. |
| 0:44.9 | Plus, what would a bigger European Union look like? |
| 0:48.5 | Block is thinking about accepting new members. |
| 0:51.9 | I'm Mark Filipino and here's the news you need to start your day. |
| 1:08.0 | Goldman Sachs is selling off one of its financial planning units. |
| 1:11.6 | The team is made up of about 200 employees and offers financial planning to customers who are |
| 1:16.9 | well off, but not exactly super wealthy. |
| 1:20.4 | This sale is not a good look for Goldman's chief executive, David Solomon. |
| 1:25.2 | He's faced a lot of criticism recently for his push into mass-market financial planning. |
| 1:30.0 | This is now the second Solomon-era deal that Goldman is undoing. |
| 1:34.2 | The bank also put up its online lending service Green Sky for sale this year. |
| 1:45.1 | There is an unlikely alliance forming between Brazil's left wing |
... |
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