China’s central bank overhaul
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 7 January 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Justin Trudeau is resigning as Canadian Prime Minister, and Germany’s solar power industry is in trouble. US bankruptcy filings hit their highest rate in 14 years, and the People’s Bank of China has announced a major policy overhaul as pressures on the economy mount.
Mentioned in this podcast:
US Corporate bankruptcies hit 14 year high
Canadian Prime Minister Justin Trudeau announces resignation
German solar sector in distress as glut of panels heaps pressure on industry
China’s central bank plans policy overhaul as pressure mounts on economy
Credit: BBC News
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, 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
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.6 | Good morning from the Financial Times. |
| 0:36.1 | Today is Tuesday, January 7th, and this is your FT News briefing. |
| 0:41.0 | Justin Trudeau is resigning as Canada's prime minister, |
| 0:44.8 | and the outlook for Germany's solar panel industry is a bit cloudy. |
| 0:49.3 | Plus, China's central bank is planning a policy overhaul. |
| 0:54.0 | I'm Kasha Brusalian, and here's the news you need to start your day. |
| 1:09.4 | Canadian Prime Minister Justin Trudeau announced that he is stepping down. |
| 1:14.9 | I intend to resign as party leader, as prime minister, after the party selects its next leader. |
| 1:23.9 | Trudeau, who has been in power for nearly a decade, spent months battling a paralyzed |
| 1:29.0 | government and dismal approval ratings. |
| 1:31.5 | My friends, as you all know, I'm a fighter. |
| 1:36.4 | Every bone in my body has always told me to fight because I care deeply about Canadians. |
... |
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