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The World in Brief from The Economist

China’s securities regulator unveils reforms; Evergrande files for bankruptcy, and more

The World in Brief from The Economist

The Economist

Daily News, Global News, News, News & Politics

4.11.2K Ratings

🗓️ 19 August 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Sebastian Kurz, a former Austrian chancellor, was charged on suspicion of making false statements during a government inquiry into the “Ibiza Scandal”

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Transcript

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0:00.0

Hello, you're listening to the free edition of the World in Brief from the Economist.

0:05.0

As a reminder, if you subscribe to the Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:14.0

If you're already an Economist subscriber, visit economist.com slash espresso or visit our espresso app to start listening.

0:22.0

Here's today's free edition.

0:26.0

This is the World in Brief from the Economist.

0:37.0

Our top stories.

0:39.0

America, Japan and South Korea agreed to great military cooperation at the first ever standalone summit between the three countries leaders at Camp David.

0:50.0

In addition to holding high-level meetings every year, there will host joint military exercises and share intelligence more readily.

0:58.0

President Joe Biden said the pact, which came during a period of reproachment between South Korea and Japan, quote, made history.

1:08.0

China's securities regulator unveiled reforms designed to revive flagging economic growth, which has been weighing on the country's stock market.

1:18.0

Proposed measures include cutting trading fees and encouraging state run and large listed firms to boost mergers and acquisitions.

1:27.0

China's benchmark CSI 300 index is down over 2% this year, whereas America's SMP 500 has risen over 14%.

1:40.0

Seven top commanders in Brazilian military police were arrested for allegedly aiding the insurrectionists who stormed Brazil's capital on January the 8th, protesting against Jaya Bolsonaro's election defeat.

1:55.0

The commanders allegedly knew that some supporters of the ousted president planned to invade government buildings and failed to stop them.

2:04.0

The officers have not yet been charged.

2:08.0

Vigilante, quote, self-defense groups, have lynched over 350 people, mostly alleged gang members in Haiti, since late April, a UN spokesperson said.

2:20.0

The groups formed in response to ongoing gang violence, more than 2,400 people have been killed and nearly 1,000 kidnapped this year.

2:30.0

The UN Secretary General has urged the global community to send a police and military force to Haiti to restore security.

2:40.0

Sebastian Kurs, a former Austrian chancellor, was charged on suspicion of making false statements during a government inquiry into their, quote, Ibiza scandal.

2:51.0

In 2019, a leaked video showed Heinz Christian Strachy, then Vice-Chancellor, offering public contracts for party donations to someone posing as a Russian oligarch's niece.

3:04.0

The ensuing saga toppled Mr. Kurs, who resigned in October 2021, his trial begins in October.

3:13.0

The top emergency management official in Maui resigned, citing health reasons.

...

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