India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 August 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
India is phasing out equipment from Huawei and other Chinese companies for its telecoms networks due to an escalating border dispute, investors have quietly poured billions of dollars into insurance companies this year betting on pandemic-driven returns, and there is a brewing debate over who will get first access to a coronavirus vaccine in the US. Plus, the FT’s Washington bureau chief, Demetri Sevastopulo explains how the Republican Party will handle Donald Trump’s legacy.
India moves to cut Huawei gear from telecoms network
ft.com/content/55642551-f6e8-4f9d-b5ba-a12d2fc26ef9?edit=true
Insurers bet that pandemic will usher in era of higher returns
ft.com/content/eda1cdd1-3c0a-4fe5-b41e-173a85da79d8
US braced for political row over who gets first Covid-19 vaccines
ft.com/content/13f40024-46d9-49d5-a1d9-4f5a68e674aa?
US election: a divided Republican party questions Trump legacy
ft.com/content/1521cb7b-44fe-47f3-bdac-92372a8ef129
Note: This episode has been updated. Wisconsin police shot and wounded Jacob Blake on Sunday.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, August 25th, and this is your F.T. news briefing. |
| 0:09.0 | Huawei's latest problem is India. Insurers are betting that the pandemic will lead to higher returns |
| 0:14.7 | and there's a fight brewing over who gets first dibs on a coronavirus vaccine in the US. |
| 0:19.7 | Plus Donald Trump has fundamentally changed the Republican Party. |
| 0:24.4 | But if the president fails to get reelected, will the GOP go back to the way things were |
| 0:29.1 | before 2016? |
| 0:30.3 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:37.0 | Another blow for China's Huawei. |
| 0:42.0 | India is phasing out Chinese equipment from its telecoms networks. |
| 0:46.0 | It's part of an ongoing border dispute between the two nuclear powers. |
| 0:50.0 | This isn't a formal ban, and Prime Minister Norendra Modi hasn't made any public pronouncements. |
| 0:55.6 | But industry officials say key ministries have made it clear that Indian telecoms companies should |
| 1:00.6 | avoid equipment from Chinese companies such as |
| 1:03.3 | Huawei and ZTE. |
| 1:05.4 | Huawei has been one of the three biggest telecom equipment suppliers in India, which |
| 1:09.8 | is the world's second biggest mobile market. A senior government official told the |
| 1:14.3 | F.T. that New Delhi was unlikely to ever formally ban Huawei or other Chinese |
| 1:18.6 | equipment companies. It doesn't want to provoke a tough response from Beijing. |
| 1:22.2 | But the official said Mr. Modi's administration doesn't want to provoke a tough response from Beijing. |
| 1:23.2 | But the official said Mr. Modi's administration |
| 1:25.3 | was concerned about Chinese investment |
| 1:27.1 | in India's sensitive infrastructure. |
... |
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