Discontent at Unilever
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 24 January 2022
⏱️ 9 minutes
🧾️ Download transcript
Summary
Germany’s largest publishers and advertisers are demanding that the EU intervene over the Google's plan to stop the use of third-party cookies, Sony has plans to enter the electric vehicle market. Plus, the FT’s asset management correspondent, Harriet Agnew, discusses the discord at the global consumer goods conglomerate Unilever.
Mentioned in this podcast:
German publishers oppose Google plan to phase out third-party cookies
Activist hedge fund Trian builds stake in Unilever
Sony launches electric vehicle unit to ‘explore entering’ market
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.4 | Today is Monday, January 24th, and this is your FT News Briefing. |
| 0:18.5 | Google faces another challenge in Europe, and Sony is trying to shoulder its way into the |
| 0:23.2 | electric vehicle market. Plus, one of Unilever's most high-profile investors ridiculed the |
| 0:28.8 | consumer goods company for trying to appear socially responsible. |
| 0:33.1 | He said that any company that feels asked to define the purpose of Helmann's mayonnaise |
| 0:37.2 | has lost the plot. |
| 0:39.2 | That's the FT's Harriet Agnew. She's got the latest chapter in this corporate drama. |
| 0:43.6 | A Mark Filipino, and here's the news you need to start your day. |
| 0:51.2 | Today, Germany's biggest publishers and advertisers are filing a complaint with the EU |
| 0:56.4 | about Google's plan to remove third-party cookies from its Chrome browser. |
| 1:01.1 | This move would block publishers and others from analyzing user preferences while they browse. |
| 1:06.4 | It would be a huge blow to how the industry makes money. |
| 1:10.3 | Industry associations representing large players like Axel Springer say that Google's move |
| 1:14.8 | would break EU law. Google has said that other platforms and browsers have already stopped |
| 1:20.6 | supporting third-party cookies. Google says it's the only one to do this openly and in consultation |
| 1:25.9 | with stakeholders. This latest challenge to Google comes as new rules on big tech are about to |
| 1:30.9 | roll out in the EU, and officials are already worried that Google may be abusing its dominant position. |
| 1:42.7 | The drama at Unilever continues to unfold. This weekend, the FT learned that hedge fund |
| 1:48.1 | Triand Partners has built up a stake in the consumer goods company. Unilever owns hundreds |
... |
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