London’s push to control the British Virgin Islands
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 6 May 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Wall Street stocks suffered steep declines on Thursday with the Nasdaq’s biggest fall since 2020 and the Bank of England has warned that the UK economy will slide into recession this year. Plus, the FT’s Latin America editor, Michael Stott, explains why the British Virgin Islands is rejecting a push for direct rule from London.
Subscribe to the FT News Briefing on Apple Podcasts or Spotify
Mentioned in this podcast:
Nasdaq tumbles 5% in sharpest fall since 2020
British Virgin Islands premier rejects direct rule from London
Bank of England warns of UK recession this year as it lifts interest rate
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 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. |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.6 | Today is Friday, May 6th. |
| 0:13.5 | And this is your FT News Briefing. |
| 0:18.4 | The Nasdaq knows dive on Thursday. |
| 0:20.8 | It had its steepest drop since 2020. |
| 0:24.2 | We'll look at the potential reality for American women |
| 0:26.6 | if their right to abortion is repealed. |
| 0:29.2 | Although the anti-choice campaigners like to present abortion |
| 0:32.6 | as this incredibly dangerous procedure, |
| 0:34.8 | the actual process of giving birth is about 60 times more likely to result in the death |
| 0:39.9 | of a mother than the process of getting an abortion. |
| 0:43.3 | And we'll talk about the debate in the British Virgin Islands |
| 0:46.4 | over giving the UK more control of its former colony. |
| 0:50.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:59.6 | US stock prices plunged on Thursday. |
| 1:02.1 | A day after the Federal Reserve raised a half a percentage point. |
| 1:06.5 | Tech stocks took the brunt of the beating. |
| 1:08.4 | The Nasdaq composite lost about 5% of its value. |
| 1:11.6 | The broader S&P 500 lost more than 3.5%. |
| 1:15.5 | One trader described yesterday's sell off as a capitulation trait, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.