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The Intelligence from The Economist

In the big leagues now: Saudi Arabia’s push into sport

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 11 August 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

Crown Prince Muhammad bin Salman says a presence in top-level global sport is one route to modernising; critics call the effort a distraction from the country’s appalling human-rights record. Brazil’s government is pushing reforms that are clearly calming investors, who had fretted about a return to ruinously spendthrift policies (9:20). And how speedy “first-person-view” drones are changing the fight in Ukraine (16:25).


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Transcript

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0:00.0

Finance doesn't need to be disrupted.

0:03.0

It means people who see the potential for progress,

0:06.0

like faster payments, more transparency, and new ways to meet compliance,

0:11.0

so that finance can move at the speed of business.

0:15.0

This is what our blockchain solutions deliver for financial institutions,

0:19.0

enterprises and central banks around the world.

0:22.0

Progress is a choice, and it's one you can make right now.

0:26.0

Ripple, crypto means business.

0:36.0

Hello and welcome to the Intelligence from the Economist.

0:39.0

I'm your host, Jason Palmer.

0:42.0

Every weekday, we provide a fresh perspective on the events shaping your world.

0:50.0

With the return to office of Brazil's President Lula,

0:53.0

many expected a return to his party's spend-thrift social policies and the risk of recession.

0:59.0

But this time around, Lula and his finance minister are pushing promising reforms

1:04.0

and investors are noticing.

1:08.0

And we take a look at one particular kind of drone that's of growing importance for the war in Ukraine.

1:14.0

Speedy, so-called first-person view drones can carry greater payloads

1:19.0

and their successes make for social media-friendly videos.

1:30.0

First up, though.

1:34.0

This weekend, the opening whistle will blow on a new season of Saudi Arabia's pro league.

1:39.0

If you've never heard of the country's top football league, that's no surprise.

1:44.0

Until now, it's been pretty sleepy.

...

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