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FT News Briefing

Belarus protests intensify, Robinhood raises more funds, drilling in the Arctic

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 18 August 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Alexander Lukashenko, the strongman president of Belarus, fought for his political future on Monday as protesters called on him to “resign”, stock-trading app Robinhood raised new equity that values the company  at more than $11bn, and the Trump administration has moved to open part of the Arctic wildlife refuge for oil drilling. Plus, the FT’s Anna Gross on the human and economic toll of climate change. 



‘Resign!’ Belarus president booed by striking workers

https://www.ft.com/content/2b5d2e59-d50a-4a21-9708-605b1ddf90b1


Retail trading app Robinhood’s value tops $11bn on new fundraising

https://www.ft.com/content/b208cbbe-579c-4cbf-9358-01ae02b4381b


Trump moves to allow oil drilling in Arctic wildlife refuge

https://www.ft.com/content/58b4228f-15ce-40d2-b9bf-688357045b29


Rise in coastal flooding poses threat to global economy

https://www.ft.com/content/6f8fe212-b2e6-49f4-b6b5-c8143ac5392f



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Transcript

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0:00.0

Good morning from the Financial Times. Today is Tuesday, August 18th, and this is your

0:06.3

FT news briefing. Belarus protests intensify against the man who's ruled the country for 26 years.

0:14.0

Robin Hood has done so well during the pandemic that the stock trading app just

0:19.2

topped an $11 billion valuation.

0:21.7

President Donald Trump moves to allow oil drilling in the

0:25.2

Arctic which might be more about politics than money. Plus it's been a summer of

0:30.6

floods in Beijing. What's the economic impact of climate change?

0:35.0

I'm Dan Bobkoff in from Mark Filipino and here's the news you need to start your day.

0:42.0

If you happen to be watching Belarus State Television yesterday, you might have seen a shot of an empty

0:47.1

studio with pop music play.

0:49.8

That's because workers from the normally pliant television station were outside the building demonstrated.

0:57.0

They joined more than 200,000 pro-democracy protesters who took to the streets in the capital of Minsk.

1:07.3

All this is leading Belarus's strong man president to fight for his political life. Just last week, Alexander Lukashenko won an election widely seen as fraudulent.

1:17.0

The country's election commission said he won with 80% of the vote.

1:22.0

Protests soon followed and really gained steam after a brutal police crackdown backfired

1:27.5

and nearly 7,000 people were detained.

1:30.3

Many said they had been tortured by police and jail.

1:33.4

The UK, US, and EU have condemned the crackdown.

1:37.4

Mr. Lukashenko has ruled Belarus for 26 years and had promised a referendum on constitutional changes that would see him eventually hand

1:45.9

over power.

1:46.9

But as he toured the Minsk Wheel Tractor Plant Monday, he was booed and confronted by protesters chanting, resign.

1:55.0

It appears many who were bored during lockdown spent the past few months playing the markets for the first time.

...

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