China’s economic slump
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 18 July 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Thames Water’s biggest investor slashed the value of its stake last year, Ford’s steep price cut for its electric pick-up truck rattled shareholders and BlackRock will offer retail investors more of a voice in its biggest exchange traded fund. Plus, the FT’s Thomas Hale unpacks what’s ailing China’s economy.
Mentioned in this podcast:
Thames Water’s biggest investor cut value of its stake by 28%
Does Xi Jinping need a plan B for China’s economy?
Ford shares sink after steep price cuts for electric pick-up truck
BlackRock offers a vote to retail investors in its biggest ETF
BlackRock: investor votes are no revolution in shareholder democracy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 | The latest episode of the next five podcasts is all about financing net zero. |
| 0:04.6 | I speak to Tim Gould, Chief Energy Economist at the IEA. |
| 0:07.6 | We're up to $1.7 trillion going into clean energy transition investments this year. |
| 0:13.1 | Nick Standsbury, Head of Climate Solutions at LGIM. |
| 0:15.6 | We need to put a proper price on all greenhouse gas emissions. |
| 0:19.6 | And Eric Werners, SVP and Chief Economist at Equino. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the Philippe episode wherever you get your podcasts. |
| 0:29.3 | Enjoy. |
| 0:32.8 | Good morning from the Financial Times. |
| 0:34.4 | Today is Tuesday, July 18th. |
| 0:36.4 | And this is your FT News briefing. |
| 0:39.5 | Tim's water saw a major backer cut its stake in the utility |
| 0:43.4 | and BlackRock's biggest ETF is giving more say to retail investors. |
| 0:48.4 | Plus, China's economy is really struggling. |
| 0:51.4 | We'll take a look at whether the country can break out of the slump. |
| 0:55.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:06.4 | The biggest investor in Tim's water cut the value of its stake in the utility last year. |
| 1:11.0 | Canada's largest public sector pension fund owns a 30% stake in Tim's water |
| 1:16.2 | through multiple investment vehicles. |
| 1:18.5 | Documents reviewed by the FT showed that one of the funds vehicles |
... |
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