India ramps up lending to counter China
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 December 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
EU member states have reached a deal on the world’s first major carbon border tax, New Delhi has stepped up spending on infrastructure in neighbouring countries, the world’s largest investment banks for the first time will earn more dealmaking fees in India this year than in China, a new generation of artificial tasks is able to do more jobs that previously only humans could do.
Mentioned in this podcast:
Brussels agrees to world’s first carbon tax
India’s plan to take on China as south Asia’s favourite lender
Investors seek to profit from groundbreaking generative AI start-ups
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 | 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 for the Financial Times. Today is Monday, December 19th, |
| 0:13.5 | and this is your FT News Briefing. |
| 0:18.6 | The European Union just agreed on the world's first major carbon border tax. |
| 0:23.9 | India wants to counter China as a regional lender, |
| 0:27.5 | and artificial intelligence keeps getting better. |
| 0:30.6 | Our global tech correspondent Tim Bradshaw tells us about one of the hottest new apps. |
| 0:35.0 | Silicon Valley has got very, very, very excited about chat GPT |
| 0:38.1 | and have really kind of called this the iPhone Moment for AI. |
| 0:42.4 | I'm Jess Smith in from ArcFillipino, and here's the news you need to start your day. |
| 0:46.5 | EU member states yesterday reached a deal on the world's first major carbon border tax. |
| 0:58.9 | It will force foreign importers to cover the cost of their carbon emissions. |
| 1:03.6 | EU trading partners aren't happy. |
| 1:06.0 | The US and South Africa say the new levy will create protectionist trade barriers. |
| 1:10.8 | EU lawmakers still have to adopt the law, which would go into effect in 2026. |
| 1:16.4 | New Delhi has been stepping up its overseas lending, not just to help out neighboring governments, |
| 1:25.7 | but also to strengthen its diplomatic influence. |
| 1:28.6 | Prime Minister Narendra Modi has been keen to counter the impact of China |
| 1:32.8 | and its massive Belt and Road initiative. |
| 1:35.3 | The FT's Ben Parkin has been reporting on this, and he joins me now. |
| 1:38.6 | Hi Ben. |
... |
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