Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 November 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Boris Johnson’s director of communications resigned on Wednesday night following a bitter Downing Street power struggle, the European Central Bank will keep financing costs exceptionally favourable in the eurozone until the economy recovers from the pandemic, and TikTok wrestles with its US divestment deadline. Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management.
Key Johnson aide quits in Downing St power struggle
https://www.ft.com/content/2c431395-021b-471d-878c-3ab342304745
ECB set to expand bond-buying and cheap loans, Lagarde signals
https://www.ft.com/content/3fc692fe-a79d-447f-9dec-42c171dc9a53?
TikTok challenges Trump order ahead of US divestment deadline
https://www.ft.com/content/218bccaf-6b74-475c-a374-9a0a89ca3d29
Turkey’s Erdogan vows to win ‘trust’ of investors after lira plunge
https://www.ft.com/content/fc0be85d-eba8-4172-9d38-d8b6f5fa0e8e
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Thursday, November 12th, |
| 0:04.0 | and this is your FT news briefing. |
| 0:09.0 | Late night upheaval at Number 10 Downing Street |
| 0:11.0 | has many wondering what's next for Boris Johnson. |
| 0:14.4 | The European Central Bank is ready to swing into action to ensure the blocks economy recovers |
| 0:18.7 | from the pandemic, and Tik-Tok is hoping a US court will step in when it comes to the app's issues with the US government. |
| 0:25.4 | Plus, the UK isn't the only one dealing with personnel changes. |
| 0:28.8 | It's been a revolving door for Turkey's Central Bank Governor and Finance Minister recently, we'll take a look at what |
| 0:34.4 | this means for the country's economy. |
| 0:36.6 | I'm Mark Filipino, and here's the news you need to start your day. Wednesday night was a night of confusion for the British government. |
| 0:47.0 | Rumblings emerged that there was a shake up within Number 10 Downing Street |
| 0:50.8 | and it was unclear who would be staying and who was going. |
| 0:54.3 | I talked to the FT's politics editor George Parker late his time last night |
| 0:58.3 | as the dust was beginning to settle. |
| 1:01.2 | George, what happened late Wednesday? |
| 1:03.0 | Well, the simple facts of the matter is that someone called Lee Kane, who was the |
| 1:08.0 | Prime Minister's Director of Communications, resigned. |
| 1:11.6 | This is really about a power struggle that's been going on inside |
| 1:14.8 | number 10 over who should have the ear of the Prime Minister and his closest |
| 1:19.9 | advisors in number 10 Downing streets are basically the same people who've been on the long march with him on Brexit. |
| 1:25.2 | And this was really about Lee Kane, who was part of that vote leave crowd, wanting to be given a job as chief of staff. |
... |
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