India’s belated oil rush
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 October 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
The head of KPMG US says the industry urgently needs to make it easier to become an accountant, and the EU is suing Hungary’s government over a new security law it says is in breach of citizens’ fundamental rights. Plus, India races to extract as much oil as possible while there remains a market for crude.
Mentioned in this podcast:
KPMG US head says the industry urgently needs to make it easier to become an accountant
India in rush to boost oil production before energy transition
EU sues Hungary over new security law
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, 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.
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At equinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Wednesday, October 9th, and this is your |
| 0:18.2 | F.T. news briefing. A big four firm has an idea to get more people into accounting. |
| 0:25.0 | And the far right in Europe is uniting around Hungarian Prime Minister |
| 0:30.1 | Victor Orban. |
| 0:31.3 | Plus India is telling big oil majors. Mr. where there could be a lot of oil, but nobody's been able to look for it. |
| 0:44.9 | I'm Sonia Hudson, and here's to make it easier to become an accountant. |
| 1:05.0 | The firm is worried that far fewer people are taking the exam to be a certified public accountant |
| 1:10.9 | these days. Part of the problem is that in order to take that |
| 1:14.7 | test you need to complete an additional year of education and that's after getting an |
| 1:20.4 | undergrad degree. Chief Executive Paul Knop told the F.T. that the industry should replace |
| 1:26.6 | that fifth year of school with an apprenticeship program. He is the first head of a big four firm to suggest that. |
| 1:34.0 | Knop called the falling number of accountants a quote brewing crisis |
| 1:39.0 | and he said the industry needs to fix it really quickly. |
| 1:42.8 | The far right has been making slow but steady gains in Europe, and it's coalesced around Hungary's Prime Minister |
| 1:56.1 | Victor Orbán. |
| 1:57.8 | The establishment in the European Union is not happy about this, and it's been pushing back against Orban. Most recently with a lawsuit |
| 2:06.7 | related to a new security law in Hungary. Here with me to discuss this fracturing in the block is the F.T's Valentina Pop. |
| 2:14.8 | Hi Val. |
... |
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