Commercial real estate crawls back
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 4 February 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
US president Donald Trump’s tariffs on Mexico and Canada are paused for now, commercial property investment is starting to recover from a two-year slump, and Eurozone inflation unexpectedly ticked up in January. Plus, the French AI company Mistral was supposed to be Europe’s answer to US Big Tech dominance, but it’s struggling to gain traction.
Mentioned in this podcast:
US to pause tariffs on Canada for 30 days after Trudeau and Trump agree deal
Investors choose flats and hotels over offices as property deals return
Eurozone inflation rises to 2.5% in January
Has Europe’s great hope for AI missed its moment?
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, 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. |
| 0:33.4 | Good morning from the Financial Times. |
| 0:35.7 | Today is Tuesday, February 4th, and this is your FT News Briefing. |
| 0:41.8 | Donald Trump is keeping everyone on their toes when it comes to tariffs, and commercial real estate is |
| 0:49.3 | slowly building itself back up. Plus, can Europe still be a major player in the artificial intelligence race? |
| 0:58.0 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:22.7 | Thank you. U.S. President Donald Trump paused his 25% tariffs on imports from Mexico and Canada yesterday. |
| 1:29.4 | They were supposed to go into effect at midnight, along with a 10% levy on Chinese goods. |
| 1:38.3 | Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Seenbaum agreed to a month-long pause with Trump. |
| 1:45.7 | Each of them promised to send 10,000 military personnel to the border to stop the flow of fentanyl. |
| 1:52.6 | Next up is China's president Xi Jinping. The White House said Trump will get him on the phone soon. |
| 2:07.6 | Commercial real estate has had a rough couple of years, but the industry is starting to see some signs of life now. |
| 2:10.3 | Here to explain is the FTs Joshua Oliver. |
... |
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