Another coup in Africa
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 31 August 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Military officers in oil-rich Gabon said they had seized power, US commerce secretary Gina Raimondo wrapped up a visit to China, and the billionaire founder of Apple supplier Foxconn is running for president of Taiwan.
Mentioned in this podcast:
Fed warned Goldman Sachs over risks and compliance oversight at fintech unit
Military leaders seize power in oil-rich Gabon
US commerce secretary hails ‘new approach’ to handling China business frictions
Foxconn founder Terry Gou launches bid for Taiwan presidency
Correction: An earlier version of this episode said hat Terry Gou, the Taiwanese tycoon and Foxconn founder was running for president with an opposition party closely aligned with China. That was a mistake. Gou has urged opposition parties to join forces with him in the forthcoming election, but they haven’t agreed to do so. And Taiwan’s opposition parties are not closely aligned with China, although they do favour an easing of tensions with Beijing.
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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 |
| 0:12.3 | Good morning from the Financial Times. |
| 0:13.9 | Today is Thursday, August 31st. |
| 0:16.4 | This is your FT News Briefing. |
| 0:19.2 | The US Commerce Secretary says she has a new way to resolve business problems with China |
| 0:24.7 | and there was another coup into Africa. |
| 0:27.5 | Military leaders in Africa are becoming emboldened and this is because |
| 0:32.4 | coups are contagious. |
| 0:34.1 | Plus, the founder of China's largest private sector employer is running for president in Taiwan. |
| 0:41.1 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:44.0 | US regulators are worried about Goldman Sachs and its relationship with financial technology |
| 1:00.0 | companies. |
| 1:00.9 | The Goldman team stopped signing on risky fintech clients after awarding from the Federal Reserve. |
| 1:06.4 | That's according to sources who spoke to the FT. |
| 1:09.1 | The Citro-Bank had apparently raised concerns over Goldman's insufficient due diligence |
| 1:13.7 | when accepting these clients. |
| 1:15.5 | The team that got the warning has clients like the payment startups Stripe and Wise. |
| 1:20.4 | Sources said the Fed wasn't alone in having issues with Goldman's risky fintech clients. |
| 1:25.2 | There were internal complaints too. |
| 1:34.5 | There was a coup yesterday in the Central African nation of Gabon. |
| 1:38.7 | President Ali Bongo had just been declared the winner of Saturday's election. |
... |
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