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FT News Briefing

China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.41.2K Ratings

🗓️ 19 January 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

The cost of shipping goods from China to Europe has more than tripled in the past eight weeks as the pandemic disrupts global trade, Russian opposition activist Alexei Navalny has been sent to prison just a day after returning to his home country despite international demands to release him, and Italian prime minister Guissepe Conte faces a crunch confidence vote by lawmakers today. Plus, the FT’s US investment editor, Michael MacKenzie, explains why the chief executive of Brookfield Asset management thinks the markets have undervalued real estate.   


Tripling of China-Europe shipping costs threatens to hit goods supply

ft.com/content/ad5e1a80-cecf-4b18-9035-ee50be9adfc6?


Russia jails opposition activist Alexei Navalny for 30 days

https://www.ft.com/content/9c42f190-5ec2-4ad7-8bc6-f9e449200a9f


Italian coalition parties back PM Conte after resignations

https://www.ft.com/content/4cf07e94-d7ad-408c-bf08-1093318c8b48


Markets are underestimating the lure of the office, says Brookfield chief

https://www.ft.com/content/0316678b-664a-42f8-900a-5c5b5076e29e?



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Transcript

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0:00.0

Good morning from the Financial Times.

0:01.6

Today is Tuesday, January 19th.

0:04.0

And this is your FT news briefing.

0:08.5

Europe's demand for Asian-Made products is up,

0:11.5

but getting the goods from one continent to the other

0:14.4

is posing a real challenge for the supply chain. Russian opposition leader Alexei

0:19.1

Navalny is sentenced to a month of jail time and the future of Italy's political leadership is anything but certain.

0:26.2

Plus it's been nearly a year since the pandemic caused many of us to work from home,

0:30.7

but one asset manager says investors shouldn't sleep on the lure of the office.

0:35.2

We'll find out why.

0:36.2

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

0:46.0

This is a story about something you might not have given a whole lot of thought to,

0:50.0

shipping containers.

0:51.0

But the demand for shipping containers in the pandemic has had a big effect on global trade.

0:57.4

The cost of sending a 40-foot container from Asia to Europe was $2,000 back in November.

1:03.0

Now, according to shippers and importers,

1:05.5

that cost is more than $9,000.

1:08.0

The main reason for this increase,

1:10.0

there's a limited supply of containers.

1:12.0

Early last year, coronavirus lockdowns hit global trade,

1:15.3

and shipping lines canceled hundreds of trips.

1:17.8

That meant thousands of empty containers

...

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