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FT News Briefing

Horatio Clare on the UK migrant crisis and Dover

FT News Briefing

News, Unknown, News & Politics, Daily News

4.41.2K Ratings

🗓️ 8 February 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

Credit Suisse became the first Swiss bank in the country’s history to answer criminal charges on Monday, and the US is lobbying Brussels to water down the effect of EU regulations targeting Big Tech companies. Plus, we talk to the author Horatio Clare about the UK town of Dover and how people there are approaching the migrant crisis. 


Mentioned in this podcast:

Landmark Credit Suisse money laundering trial opens

US officials lobby key European powerbroker on Big Tech regulations

Life and death on Dover’s migrant front line


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. 


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

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

Good morning from the Financial Times.

0:11.4

Today is Tuesday, February 8th, and this is your FT News Briefing.

0:18.6

Just when you thought it couldn't get worse for Credit Suisse,

0:21.7

the bank is on trial now for allegedly laundering money for a Bulgarian mafia,

0:26.7

and the EU was trying to get tough on American big tech companies,

0:30.0

but the White House isn't on board.

0:32.4

Plus, refugees coming from France often land in Dover, England.

0:36.4

So how do the people there feel about the arrival of these migrants?

0:40.0

It makes no more sense to be forward or against it than it does to be forward against the weather.

0:44.5

We'll talk to the writer Horatio Claire about his visit to Dover in our second of three reports

0:49.3

on the UK migrant crisis. I'm Mark Filipino and here's the news you need to start your day.

0:56.8

The White House is lobbying the European Union to water downland

1:04.5

Mark tech regulation. The legislation would prevent companies like Google and Amazon

1:09.2

from using their market power to stifle competition,

1:12.3

but the FT reports that a senior US official wrote to the EU lawmaker who is leading

1:16.8

negotiations on the Digital Markets Act. They're hoping Brussels will not just target American tech

1:23.2

companies. The FT's Javier Espinoza says if the EU does go down the path it's on,

1:27.5

it could dramatically affect the way big tech does business.

1:31.1

Potentially, a company like Apple will be forced to open its app store to competing app stores.

1:38.2

This is quite a radical change because it means that what has been essentially a world garden

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