Emerging markets debt crunch
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 13 April 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Donald Trump is suing his former lawyer Michael Cohen, an uptick in core prices in the US is keeping pressure on the Federal Reserve to push ahead with another interest rate rise in May, and a study shows 91 of the poorest countries will spend an average of more than 16 per cent of their revenue on foreign debt repayments.
Mentioned in this podcast:
Donald Trump sues former lawyer Michael Cohen for $500mn
Inflation eased to the lowest level in nearly two years in March
Poorest countries’ finances under pressure from higher rates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 | 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 | Hi, I'm Joanna Gao. I'm filling in for Mark today. |
| 0:13.5 | Before we get to today's briefing, I want to tell you about a new series from our |
| 0:18.0 | fellow podcast Behind the Money. Over the next five weeks, |
| 0:21.9 | Behind the Money Night School will be your guide to the biggest economic stories of 2023. |
| 0:28.0 | FT journalists will give crash courses on major developments. |
| 0:32.4 | Behind the Money Night School runs on Mondays, starting April 17th. |
| 0:36.4 | Subscribe today to hear it. We'll have a link in the show notes. See you in class. |
| 0:48.6 | Good morning from the Financial Times. Today is Thursday, April 13th, and this is your FT News Briefing. |
| 0:55.6 | Germany is split again over its business ties with China. The world's poorest countries are |
| 1:02.9 | struggling to pay back their loans. A lot of them are struggling very much, indeed, making those |
| 1:08.1 | payments while trying to deal with all the other crises that are hitting them. We've got the latest |
| 1:13.1 | US inflation numbers and Donald Trump's latest move. I'm Joanna Gao, in for Mark Filipino, |
| 1:20.0 | and here's the news you need to start your day. |
| 1:26.1 | Former US President Donald Trump has sued his former lawyer, Michael Cohen. |
| 1:31.5 | Cohen once said he would take a bullet for Trump. Then he became a central witness in the |
| 1:36.4 | hush money case that Manhattan prosecutors now are bringing against the former president. |
| 1:41.7 | Trump is seeking at least $500 million for alleged breaches of contract and confidentiality |
| 1:46.9 | agreements. He filed his lawsuit a few weeks after Cohen repeatedly testified before a grand jury |
| 1:53.3 | about Trump's $130,000 payment to porn actress Stormy Daniels to buy her silence before the 2016 |
| 2:00.4 | election. The latest US inflation numbers came out yesterday. The pace of consumer price increases |
... |
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