Displacement pushes Lebanon to the brink
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 3 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
UK house sales rise at the fastest rate in three years, mass displacement in Lebanon risks overwhelming a country battered by economic crises, and Brussels intends to postpone a controversial EU anti-deforestation law for a year following a backlash. Plus, two-thirds of all new solar and wind power projects are based in China.
Mentioned in this podcast:
UK house sales rise at fastest pace in three years, data shows
China’s accelerating green transition
EU moves to delay anti-deforestation rules
Lebanon’s broken state struggles with 1mn displaced
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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.
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Thursday, October 3rd, and this is your |
| 0:18.3 | FT news briefing. The UK housing market gets a boost from lower mortgage rates, and most of the world's new wind and solar projects are being built in China. |
| 0:30.0 | But Beijing still has a soft spot for coal. |
| 0:34.0 | Plus, the conflict in Lebanon has forced a million people out of their homes. |
| 0:39.0 | The scenes on the streets in Beirut are really post-apocalyptic. It's really impossible to |
| 0:45.8 | overstate the scale and the drama of this displacement. I'm Sonia Hudson and |
| 0:52.0 | here's the news you need to start your day. The UK housing market is really heating up. The number of home sales rose |
| 1:10.0 | last month by 25% compared with the same time last year, according to the property website, Zoopla. |
| 1:17.7 | That is the fastest rate since the end of pandemic lockdowns in 2021. You can thank lower interest rates for the |
| 1:25.1 | bump. They've sent mortgage rates to their lowest level in over a year. So a |
| 1:30.8 | bunch of people who have been waiting on the sidelines ready to buy a home, but not when mortgages are so expensive, they're jumping into the market now. |
| 1:40.0 | The supply of homes is on the rise too. The number of new properties going up for sale rose by 16% annually. More than a million people in Lebanon have been displaced in recent weeks since |
| 1:58.9 | attacks between Hezbollah and Israel escalated dramatically. And the country is already in the |
| 2:05.2 | grips of a years-long economic crisis. Malika Tapper has been following the |
| 2:10.5 | situation for the FT and she joins me now. |
| 2:13.1 | Hi, Malika. |
| 2:14.3 | Hi, how are you? |
| 2:15.8 | Doing well, thanks. |
... |
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