FT Business Book of the Year longlist
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 August 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Middle East states are expected to bring in $1.3tn in additional oil revenues, big US retailers posted quarterly earnings this week and results were mixed, scientists have discovered a way to destroy harmful “forever chemicals”. Plus, we’ll look at the longlist for this year’s FT Business Book of the Year award.
Mentioned in this podcast:
Middle East states set for $1.3tn oil windfall, IMF says
Walmart and Home Depot ease fears of recession even as inflation persists
Target’s profit tumbles on price cuts and efforts to clear inventory
Business Book of the Year 2022 — the longlist
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. |
| 0:06.4 | Learn more at equinole.co.uk |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.4 | Today is Friday, August 19th. |
| 0:13.4 | And this is your FT News Briefing. |
| 0:18.4 | Middle East states are looking at a windfall over the next several years. |
| 0:22.2 | US retail earnings were out this week. |
| 0:24.4 | What do they say about consumer spending habits? |
| 0:26.9 | Inflation has not hit consumer spending as hard as it has hit consumer sentiment. |
| 0:33.0 | And our journalists are busy reading hundreds of books, one of which will be the FT's |
| 0:38.0 | Business Book of the Year. We'll tell you about the long list. |
| 0:41.6 | A Mark Filipino, and here's the news you need to start your day. |
| 0:52.1 | Middle East states are looking at a windfall of more than a trillion dollars |
| 0:56.0 | in additional oil revenues over the next few years. |
| 0:59.4 | That's according to the International Monetary Fund. |
| 1:02.2 | And that's thanks to high energy prices driven by Russia's war in Ukraine. |
| 1:06.6 | That extra revenue will turbocharge the region's sovereign wealth funds, |
| 1:10.4 | including Saudi Arabia's public investment fund. |
| 1:13.6 | These funds have plowed money into global stocks and other investments. |
| 1:18.2 | In recent years, many have focused on sectors like tech and healthcare, |
| 1:22.4 | both for the returns and to develop new industries that will make the region's economies |
| 1:28.0 | less dependent on energy. |
... |
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