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The World in Brief from The Economist

Arm lists for IPO; cable-car rescue in Pakistan, and more

The World in Brief from The Economist

The Economist

News, Daily News, News & Politics, Global News

4.11.2K Ratings

🗓️ 23 August 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

Arm, a chip designer owned by SoftBank Group, a big tech-investment firm, filed for an IPO that could be the biggest in America this year.

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Transcript

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0:00.0

Hello! You're listening to the free edition of the World in Brief from the Economist.

0:04.9

As a reminder, if you subscribe to the Economist, you'll get access to a deeper look at the day ahead,

0:10.4

updated three times a day. If you're already an Economist subscriber, visit economist.com slash

0:16.2

espresso, or visit our espresso app to start listening. Here's today's free edition.

0:21.2

This is The World in Brief from the Economist.

0:34.4

Our top stories.

0:37.6

Arm, a chip designer owned by SoftBank Group, a big tech investment firm filed for an IPO that

0:43.3

could be the biggest in America this year. The listing on the NASDAQ exchange is set to take place

0:48.6

early next month. Arm is expected to seek evaluation of $60 to $70 billion. The firm has a

0:55.1

near monopoly on chips used in smartphones. Seven children and one man have been rescued after

1:02.7

being stranded for more than 15 hours in a cable car dangling 274 meters above a valley in

1:08.9

northwest Pakistan. The children were on their way to school, which because of the mountainous

1:13.7

terrain, they reach by cable car. The rescue required both helicopters and a zip line and lasted

1:19.7

into the night. John Eastman, a lawyer, indicted alongside Donald Trump for trying to overturn the

1:27.3

2020 presidential election results in Georgia, surrendered to authorities. He has denied the charges,

1:33.1

which he said targeted lawyers for their, quote, zealous advocacy of their clients.

1:37.9

Of the 19 co-defendants in the sweeping racketeering case, he was one of the first to turn

1:42.9

himself in. Mr. Trump has said he will do so on Thursday.

1:48.8

Attacks on civilians in Sudan, amount to war crimes, Britain's Africa minister Andrew Mitchell said.

1:54.8

He called reports of targeted displacement of the Masalid community, quote,

1:58.7

particularly shocking. Civilian deaths in Cartoum State, which houses the capital,

2:03.5

number at least 580 as of late July. In April, a bloody power struggle erupted between Sudan's

...

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