Crunch time for Citi
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 9 January 2025
⏱️ 14 minutes
🧾️ Download transcript
Summary
EU leaders warn Donald Trump not to meddle with the continent’s territories, and Wall Street analysts are betting Citigroup will miss a critical long-term target next week. Indonesia is maintaining its ban on iPhone 16 sales despite Apple's $1bn investment proposal, and China is signing growing numbers of Taiwanese people up for local IDs in a drive to incorporate them into its society.
Mentioned in this podcast:
EU leaders warn Donald Trump not to meddle with Europe’s borders
Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban
Wall Street doubts Citi chief Jane Fraser can hit crucial target
China’s drive to give Taiwanese visitors local IDs alarms Taipei
Mexico’s president calls for parts of US to be renamed ‘Mexican America’
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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. |
| 0:33.7 | Good morning from the Financial Times. |
| 0:36.1 | Today is Thursday, January 9th, and this is your FT news briefing. |
| 0:40.8 | Europe is trying to stop Donald Trump from getting all territorial. |
| 0:45.2 | And the boss at Citigroup is running out of time to turn things around. |
| 0:49.8 | Plus, China is giving out ID cards to Taiwanese nationals. |
| 0:54.8 | The worry from Taipei is that they might end up with growing numbers of Taiwanese who are also full Chinese citizens. |
| 1:04.5 | I'm Kasha Brusalian, and here's the news you need to start your day. |
| 1:20.6 | Music you need to start your day. European leaders are telling Donald Trump to back off in trying to buy Greenland. |
| 1:25.6 | Officials from Germany and France told the U.S. President |
| 1:28.6 | elect not to meddle with Europe's sovereignty. The stark warning comes after Trump announced |
| 1:34.2 | he was still interested in the Danish territory earlier this week. He said the same thing back |
| 1:39.5 | in 2019, claiming that the U.S. needs Greenland for national security purposes. This time, he's |
... |
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