Huawei’s war, Chinese banks in Hong Kong, and the future of office workers
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 August 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Huawei employees are becoming increasingly worried about lay-offs after the US announced “death sentence” sanctions, Hong Kong investment bankers employed by Chinese groups are on track to outnumber those in the territory from Wall Street and international banks, and working remotely could lead companies to outsource employees’ jobs.
Huawei employees worry about lay-offs after tougher US sanctions
https://www.ft.com/content/1fccedf5-bf88-45fe-9a39-2ac378571693
Chinese banks’ Hong Kong ranks on track to outnumber global rivals
https://www.ft.com/content/abbbfcec-736c-47ba-b106-b1bdafebd099
If you can do your job anywhere, can anyone do your job?
https://www.ft.com/content/fe5a7907-14b9-4e61-9938-ec3dd9d06831
Uber and Lyft win reprieve to keep operating in California
https://www.ft.com/content/6b28cb8a-da35-4f02-87cd-780984e6a3ad
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Friday, August 21st, |
| 0:04.0 | and this is your FT news briefing. |
| 0:07.0 | A week after tougher U.S. sanctions, |
| 0:10.0 | Huawei employees describe a state of war. |
| 0:14.0 | As the number of Western bankers in Hong Kong shrinks, |
| 0:17.0 | Chinese banks move their staff in. |
| 0:20.0 | And around the world, what's going to happen to workers if there's no office to go to? |
| 0:24.9 | I'm Dan Bobkoff, and here's the a state of war inside the company. |
| 0:39.2 | Just last week, the U.S. announced tougher sanctions against the Chinese telecoms equipment company. |
| 0:44.7 | Employees are now worried about possible layoffs as Washington cracks down on a number of Chinese |
| 0:50.0 | tech groups. The new rules could cut off the supply of chips to the Chinese company. |
| 0:55.0 | Insiders and analysts say the band could put an end to Huawei's main smartphone and 5G equipment businesses. |
| 1:02.0 | One Huawei employee asked on a company message board. and 5G equipment businesses. |
| 1:02.6 | One Huawei employee asked on a company message board, if all microchips were restricted |
| 1:07.3 | on August 17th, what products can we still make? |
| 1:11.0 | Huawei declined to comment, and some employees interviewed by the F.T. |
| 1:15.2 | Say they become used to Washington's announcements and barely pay attention anymore. Hong Kong Stock Exchange enjoyed record profits in the first half of the year. |
| 1:28.0 | It was a surprise beneficiary of rising tensions between the US and China. |
| 1:33.0 | Fears they might be forced to delist from US exchanges |
| 1:36.5 | has led Chinese tech companies to list billions of dollars |
| 1:39.5 | of shares in the city. |
... |
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