How Argentina pulled off its latest IMF deal
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 15 April 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Brussels is exploring legal options that would allow European companies to break long-term Russian gas contracts, and Goldman Sachs had a mixed first quarter. Plus, China’s President Xi Jinping is traveling around south-east Asia to make the case that Beijing is open for business, and Argentina just landed a $20bn deal with the IMF.
Mentioned in this podcast:
Xi Jinping warns ‘no winners’ from Trump trade war as he heads to Vietnam
Argentina secures $20bn IMF deal by relaxing currency controls
Goldman Sachs’ chief hopeful Trump will listen to corporate America
EU explores legal options for ending Russian gas deals
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Katya Kumcova, 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 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, and we expect this to grow to |
| 0:23.3 | over 7 million UK households. We're an energy company searching for better. Equinor.com. |
| 0:29.0 | UK. |
| 0:34.5 | Good morning from the Financial Times. Today is Tuesday, April 15th. |
| 0:38.7 | And this is your FT News briefing. |
| 0:41.2 | The European Union wants to break off gas deals with Russia. |
| 0:45.4 | And China's president Xi Jinping is doing the rounds in Southeast Asia. |
| 0:50.3 | Plus, the IMF is giving Argentina even more money. |
| 0:55.5 | But this time is different. |
| 0:58.6 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:16.1 | Brussels is looking into whether European companies can legally break long-term Russian gas contracts. |
| 1:21.0 | Sources tell the F.T. that the European Commission is studying the contracts and seeing whether they can declare force major, you know, the unforeseeable act of God thing. That way, they can get out of these deals without having to pay an additional fee. |
| 1:30.8 | The bloc is struggling to cut off Russian energy imports and deprive Moscow of revenues that it's using in its war against Ukraine. |
| 1:38.3 | But one official said that using the war for this force major angle might not work. |
| 1:44.2 | The discussions are part of a roadmap meant to weaned the EU off Russian fossil fuels by |
| 1:49.0 | 27. The plan is supposed to be published in the next couple of weeks. |
| 1:59.6 | Vietnam, Malaysia, and Cambodia are incredibly dependent on exports to fuel their economies, |
| 2:05.5 | and in particular they send a lot of goods to the United States. |
| 2:09.5 | But with tariffs from Washington, they may need to find new markets. |
... |
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