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🗓️ 31 March 2021
⏱️ 8 minutes
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The head of the IMF has warned that the world should be ready for an emerging market debt crisis as the global economy emerges from the coronavirus pandemic, and Russia is using the Suez Canal incident to promote its own Arctic shipping route. Plus, the FT’s Mexico and Central America correspondent, Jude Webber, explains why Mexico’s citizens are willing to give president Andrés Manuel López Obrador a second chance.
Prepare for emerging markets debt crisis, warns IMF head
https://www.ft.com/content/487c30f4-7f21-4787-b519-dde52264d141?
Russia seizes on Suez blockage to promote merits of Arctic route
https://www.ft.com/content/47b4cca2-b673-4763-95b4-555bd03a948a
‘In love with bad ideas’: López Obrador takes Mexico back to the future
https://www.ft.com/content/b2537ad5-d72e-4b72-885b-01ceb543c253
Germany and Canada could host NFL games in 2022 season
https://www.ft.com/content/12b7a706-cf5e-4623-997c-be0d04d68f27?
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0:00.0 | Good morning from the Financial Times. Today is Wednesday, March 31st. |
0:04.1 | This is your FT News Briefing. |
0:08.7 | The head of the IMF is calling for more support for vulnerable countries as the global economy |
0:13.8 | recovers from the pandemic. And that really, really big ship has been unstuck from the Suez Canal. |
0:20.0 | But Russia hopes the debacle will highlight the need for alternative shipping routes, |
0:24.4 | including one of their own. Plus, Mexico's president, Andres Manuel Lopez |
0:28.8 | Obrador is brushing off criticism over his performance so far. |
0:33.1 | Can his party survive the upcoming midterm elections? |
0:36.0 | For him to be able to portray this, you know, you can trust me even if you don't like what we're doing. |
0:40.5 | It's quite legitimate in a way. |
0:42.3 | I'm Mark Filipino and here's the news you need to start your day. |
0:50.8 | The head of the International Monetary Fund has worn the world that it needs to be ready for |
0:55.1 | an emerging market debt crisis as the global economy recovers from the pandemic. |
1:00.1 | On Tuesday, a week before the spring meetings of the IMF and the World Bank, |
1:04.0 | Kristalina Georgieva said as economies recover and interest rates rise, |
1:08.6 | capital will be drawn away from vulnerable countries. |
1:12.3 | And tightening conditions could trigger significant capital outflows. |
1:16.4 | Georgieva added that there would be more pressure on emerging economies because many rely on |
1:21.2 | hard hit sectors like tourism and that'll take more time to recover. |
1:26.1 | Too many people continue to face job losses and rising poverty. |
1:32.9 | Too many countries are falling behind. |
1:37.2 | We must not let our guard down. |
... |
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