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FT News Briefing

Biden-Putin spar over Ukraine

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 8 December 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

Read a transcript of this episode on FT.com

https://www.ft.com/content/4f159e0e-06fa-4610-8768-4807a47b6fbe


China is preparing a blacklist that could tightly restrict the main channel technology start-ups use to attract international capital, and the US is pressuring Germany to block Russia’s Nord Stream 2 gas in the event that Vladimir Putin invades Ukraine. Plus, the FT’s hedge fund correspondent, Laurence Fletcher, talks about Elliott Management, one of the most “fearsome” activist hedge funds. 


China to tighten rules for tech companies seeking foreign money

https://www.ft.com/content/7689489c-cdad-4596-a7c6-0774ed68bf5a


US demands halt to Nord Stream 2 if Russia invades Ukraine -with Max Seddon 

https://www.ft.com/content/d1ed75b0-338f-42f8-836b-f94cb00670ca


Activist investor Elliott attacks SSE over renewable energy plans -with Laurence Fletcher 

https://www.ft.com/content/68faf5d2-ae6a-4391-aa64-3ca8ace45715


Chinese marriages fall to 13-year low as demographic crisis brews

https://www.ft.com/content/f0fe5b5e-6a0f-4b39-b457-db07294c696f


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times. Today is Wednesday, December 8th.

0:03.6

And this is your FT News Briefing.

0:08.6

Another shoe could drop in China's ongoing crackdown on technology companies,

0:12.7

and US President Joe Biden warned Russian leader Vladimir Putin not to invade Ukraine.

0:17.9

Here's the take from our Moscow bureau chief.

0:20.5

This isn't Putin trying to signal that he is preparing to invade Ukraine.

0:25.4

This is more about demonstrating to Ukraine, but even more importantly to US,

0:30.0

that Russia has the capacity to crush Ukraine if it wants to.

0:34.7

We'll also talk about the latest moves from activist hedge fund Elliott Management.

0:39.2

I'm Mark Filipino, and here's the news you need to start your day.

0:45.5

Beijing is planning to restrict technology upstarts from using a crucial financial channel

0:50.5

that other Chinese technology groups have been using to attract international capital.

0:55.3

The FT reports that Chinese authorities are preparing this blacklist,

0:59.6

and it would limit the role of foreign shareholders in Chinese tech companies.

1:03.6

A new ban would likely apply to startups, not tech companies that currently use the investment

1:09.0

tool to run their businesses. They're called variable interest entities or VIEs.

1:14.5

Chinese tech groups like Alibaba and Tencent use VIEs to get around foreign investment restrictions

1:20.5

and raise billions of dollars from international investors.

1:24.0

Sources said the blacklist could include sectors that use a lot of data or involve

1:28.1

national security concerns. And if this sounds familiar, it's because Washington has taken

1:33.1

similar measures to restrict Chinese investment in Silicon Valley startups.

1:43.3

US President Joe Biden held a two-hour video call with Russian President Vladimir Putin yesterday.

...

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