Evergrande’s endgame
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 December 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/f448826b-f40b-49be-824d-5795493cee5f
The Big Four accounting firms have recorded their strongest financial performance since the collapse of Enron, and Apple is tolerating a loose interpretation of its new privacy rules allowing app developers to collect data from its 1bn iPhone users for targeted advertising. Plus, the FT’s Beijing Bureau chief, Tom Mitchell, explains how the Chinese government might orchestrate the slow-motion collapse of indebted property developer Evergrande.
Big Four post strongest performance since Enron as advisory business booms - with Michael O’Dwyer
https://www.ft.com/content/95a0c80b-1262-42c3-ac5b-bb693e06d3c4
Apple reaches quiet truce over iPhone privacy changes - with Patrick McGee
https://www.ft.com/content/69396795-f6e1-4624-95d8-121e4e5d7839
Beijing seeks to orchestrate slow-motion collapse for Evergrande - with Thomas Hale
https://www.ft.com/content/21acda99-ee35-4f6d-8cfa-017d55e1bb10
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. |
| 0:01.7 | Today is Thursday, December 9th, |
| 0:03.7 | and this is your FT News Briefing. |
| 0:09.4 | The Big Four accounting firms have tallied big revenues |
| 0:12.2 | thanks in part to the pandemic, |
| 0:14.0 | and Apple's privacy policy |
| 0:15.6 | doesn't totally keep user data private. |
| 0:18.9 | Plus, the indebted Chinese real estate giant Evergrande |
| 0:21.8 | is now in government hands. |
| 0:23.6 | All Beijing minimized the damage. |
| 0:26.3 | Governments never had to oversee |
| 0:28.1 | the debt workout of a company like this. |
| 0:31.0 | Evergrande's liabilities are upwards of $300 billion. |
| 0:36.1 | I'm Mark Filipino, and here's the news you need |
| 0:38.2 | to start your day. |
| 0:46.3 | The Big Four accounting firms have posted their strongest |
| 0:49.2 | financial performance since the accounting scandal |
| 0:51.7 | that led to Enron's collapse nearly 20 years ago. |
| 0:55.4 | Like KPMG, Deloitte, EY, and PWC, |
| 0:58.6 | collectively posted nearly $170 billion in revenues |
| 1:02.6 | for this financial year. |
| 1:04.1 | And driving that growth was a lot of companies |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.