Boeing races to avoid credit downgrade
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 October 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
PwC’s business in Asia contracted sharply in the past year, Boeing announced a $19bn share sale to help avoid a credit rating downgrade, and Volkswagen plans a massive restructuring that includes shutting at least three German plants. Plus, fears of violence have left some US election boards struggling to hire poll workers.
Mentioned in this podcast:
PwC loses market share in Asia
Boeing launches $19bn share sale to bolster finances and avoid downgrade
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
US polling places struggle to find workers after surge in threats
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Tuesday, October 29th, and this is your |
| 0:18.4 | FT news briefing. PWC's revenues in Asia are sliding and Boeing is desperately trying to avoid a junk |
| 0:28.0 | credit rating. Plus it's getting harder to recruit election workers in the US. |
| 0:34.0 | You have this added element of there being a lot of threats against poll workers and even the election officials themselves. |
| 0:44.0 | I'm Sonia Hudson and here's the news you need to start your day. PWC is losing market share in Asia. The firm reported yesterday that its revenue in the |
| 1:05.1 | region dropped nearly 6% in the fiscal year ending in June. You can blame the |
| 1:10.9 | decline on two scandals, one in China, where regulators say PWC helped |
| 1:17.0 | conceal fraud at the collapsed real estate developer Evergrand. |
| 1:21.6 | The other scandal was in Australia, a partner in the tax practice shared |
| 1:25.5 | confidential information from the government. That led PWC to sell its |
| 1:30.5 | government consulting business there. |
| 1:33.2 | But despite all these issues, |
| 1:35.2 | global revenue grew pretty much in line with its rivals. Boeing announced yesterday that it's selling 19 billion dollars worth of shares. |
| 1:51.5 | This is one of several moves the companies made lately to try to shore up its finances. |
| 1:56.3 | You see, Boeing hasn't just had a bad year. It's had a bad five years between fatal crashes, a pandemic, and now a huge labor strike, the |
| 2:06.7 | situation seems to be going from bad to worse. So can Boeing turn its fortunes |
| 2:12.4 | around? |
| 2:13.0 | Here to answer that question is the F.T.'s Claire Bushy. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.