Hizbollah’s murky path forward
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 11 February 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
More than 60 partners have left PwC China after a ban over its audit of failed property developer Evergrande, the FT’s Andy Bounds explains what we can learn from Donald Trump’s 2018 steel tariffs, and Hamas said it is postponing the next release of hostages. Plus, Hizbollah is weaker than it’s ever been, and it needs the support of its constituency to rebuild.
Mentioned in this podcast:
PwC China loses 66 partners in wake of ban over Evergrande audit
What happened when Donald Trump imposed steel tariffs in 2018
Donald Trump to impose 25% tariffs on steel and aluminium imports
Hamas says it is postponing next hostage release
How Hizbollah is using cash and WhatsApp groups to shore up power
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, 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.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, February 11th. This is your |
| 0:08.4 | FT News briefing. PWC China is seeing partners head towards the door, and Donald Trump's |
| 0:15.3 | tariffs are giving the world feelings of deja vu. Plus, Hezbollah is trying to hang on to its followers. |
| 0:23.6 | Hezbollah, at its core, is a vast popular base across Lebanon. |
| 0:29.0 | And without that popular support, the organization really is nothing. |
| 0:33.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:45.1 | Music I'm Mark Filipino, and here's the news you need to start your day. PWC, China is still paying the price for its botched ever-grand audit. |
| 0:49.7 | You might recall that back in September, Chinese authorities hit the firm with a $60 million fine and a six-month ban. |
| 0:58.1 | Beijing said that PWC concealed and even condoned fraud in its audit of the failed property developer. |
| 1:05.4 | Since then, the FT has learned that more than five dozen partners have left. |
| 1:10.4 | Now, it's not clear if they've resigned, but it signals that things are not great over at |
| 1:14.9 | PWC. The firm has been struggling to keep its client base in the region, which is mostly made |
| 1:20.7 | up of privately held companies and Hong Kong listed groups like Alibaba and Tencent. |
| 1:38.0 | Donald Trump has his eye on more tariffs, this time for aluminum and steel imports. |
| 1:44.0 | The news sent U.S. metal prices soaring on Monday, with American traders paying big premiums compared with their European |
| 1:45.1 | counterparts. Now, if you're thinking, gee, this sounds familiar, you would be correct. Trump hit |
| 1:51.4 | most countries with the same thing during his first term in office. So, to get a better grasp on what |
| 1:56.5 | we're in for this time around, I'm talking with my colleague Andy Bounds in Brussels. |
| 2:01.4 | Hey, Andy. |
| 2:02.6 | Hi. |
| 2:04.9 | So take me back to 2018. |
| 2:08.1 | What were the details of Trump's tariffs on these medals? |
... |
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