Friday, February 21

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 21 February 2020

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

EU leaders are deadlocked over how to finance the bloc’s next multi-annual budget, a judge handed down a 40 year sentence to Roger Stone on Thursday, saying the Republican political operative was prosecuted for covering up for President Donald Trump, and the luxury industry faces its biggest threat since the 2008 financial crisis with the coronavirus outbreak. Plus, wealthy Arab states have been pouring money into football as part of their effort to diversify the oil-dependent economies. But that money has caught the attention of one of football’s main governing bodies. The FT’s sports correspondent, Murad Ahmed, explains.

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 newsroom of the Financial Times.
0:02.6	Today is Friday, February 21st, and this is your FT news briefing.
0:08.3	EU leaders are coming to terms with the financial fallout for the block after Brexit.
0:13.7	Donald Trump's longtime confidant, Roger Stone's been sentenced following nearly two weeks of
0:18.4	controversy over how the US Justice Department handled the case.
0:23.0	And the luxury industry is facing its biggest threat since the global financial crisis.
0:28.7	I'm Amy Keene and here's the news you need to start your day. The prospect of EU leaders agreeing on a
0:37.8	budget this week looked dim last night. That was according to one official
0:42.2	involved in the talks over the Block's seven-year
0:44.4	funding deal. While these budget talks are usually fraud, it is especially the case this time
0:50.2	around now that the UK has left the EU. The remaining member states are
0:54.8	dealing with a funding gap of anywhere between 60 billion and 75 billion euro.
1:00.0	It's left the EU struggling to find a way to finance ambitious policies to fight climate change,
1:06.0	aid poorer regions, and subsidize farmers.
1:09.5	The richer EU nations, including Germany and other Northern European states, they've been asked to assume
1:14.9	a bigger burden in the proposed budget.
1:17.6	But they've rebelled against these proposals, both to boost their contributions and to phase out rebates granted by Brussels.
1:25.0	European Council President Charles Michelle spent much of last night in one-on-one talks with leaders
1:30.4	in an attempt to break the impasse. Summit talks will continue in Brussels today.
1:37.0	The veteran Republican political operative Roger Stone has been sentenced to 40 months in prison.
1:45.6	He was convicted last year of lying to Congress, obstruction, and witness tampering to protect Donald Trump.
1:51.7	All to do with his contacts with WikiLeaks and a trove of Donald Trump. All to do with his context with WikiLeaks and a trove of documents stolen from the Democratic National Committee
	...

Please login to see the full transcript.

Previous episode | Next episode

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.