Beirut explosion, ETF gold spree, UK tax authority takes on General Electric
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 5 August 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some central banks. Plus, the FT’s Tabby Kinder explains why the UK tax authority, HM Revenue & Customs, is going after General Electric on fraud allegations.
Beirut rocked by massive explosion
https://www.ft.com/content/efb1426f-a80f-4b38-99c1-67a7a0823c4a
ETF becomes one of world’s biggest gold owners as investors flock in
ft.com/content/5316a714-6aa9-4919-ab29-96fab47cf2d4
Disney plans a digital debut for ‘Mulan’
https://www.ft.com/content/e39b07a9-edde-4dd3-9356-31bb11cd39e2
Why the UK tax authority is accusing General Electric of a $1bn fraud https://www.ft.com/content/02a6fa1b-8b62-4e1e-9100-fe620c8ec96c
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Wednesday, August 5th, |
| 0:04.0 | and this is your FT news briefing. |
| 0:07.0 | A massive blast in Beirut kills dozens of people |
| 0:11.0 | and injures scores more. |
| 0:13.4 | A reporter is there as events have been unfolding. |
| 0:16.6 | And E.T.F. now has more gold than a big central bank. |
| 0:19.8 | Empty theme parks lead to an ugly quarter for Disney and why is the UK going |
| 0:24.4 | after General Electric? I'm Mark Filipino and here's the news you need to start your |
| 0:29.7 | day. We begin with that news out of Beirut. |
| 0:37.0 | That's the sound of an explosion at the port in Lebanon's capital yesterday, which left |
| 0:47.3 | dozens of people dead and thousands injured. |
| 0:50.9 | Everything shook. So the whole building that I was in was shaking. I thought it was an earthquake or some kind of like very big car bomb nearby. |
| 1:00.6 | The FT's Chloe Cornish is based a few miles from the blast site, and we spoke right after it happened. |
| 1:06.4 | Buildings have just had the whole fronts of them shattered, like balconies have fallen in. |
| 1:11.2 | People's doors and windows have been ripped in, people's doors and windows have been ripped out, cars are just destroyed |
| 1:16.0 | in the street because of all of the falling debris, and people have been trapped in the rubble. |
| 1:20.8 | Kolya, I'm so glad you're okay. |
| 1:23.0 | No, I mean it's fine like, I am, I am really okay like compared to a lot of other people, like, there's really, |
| 1:31.0 | apart from having no back window, I've got friends in hospital and stuff like it's it's okay |
| 1:37.0 | What did you do next? Did you talk with anyone where did you go? You know they went out and to see what was going on with my neighbors. |
| 1:44.8 | One of my neighbors just said she's probably in her early 40s and she's lived through like a whole civil war |
... |
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