Monday, September 23
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 September 2019
⏱️ 9 minutes
🧾️ Download transcript
Summary
SoftBank moves to oust Adam Neumann as the chief executive of WeWork, US president Donald Trump and Indian prime minister Narendra Modi perform a double act at a rally of nearly 50,000 Indian-Americans in Texas and Jeremy Corbyn calls rumours he could soon step down as Labour leader “wishful thinking” during the party’s annual conference. Plus, world leaders will gather in New York City this week for the UN General Assembly and the UN climate summit. The FT’s Gillian Tett tells us what to expect.
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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 | Good morning from the newsroom of the Financial Times. |
| 0:12.8 | Today is Monday, September 23rd, |
| 0:15.2 | and this is your FT news briefing. |
| 0:19.6 | We work's biggest outside investor, SoftBank, |
| 0:22.4 | is losing faith in the shared office |
| 0:24.3 | provider's chief executive Adam Newman. Donald Trump and Norengra Modi say the |
| 0:29.4 | U.S. India relationship is stronger than ever before, while on stage together at a mass |
| 0:34.8 | rally in Texas. And at the UK Labor Party's annual conference this weekend, Jeremy |
| 0:40.6 | Corbin dismissed any rumors he would soon step down. |
| 0:44.0 | Plus, the F.T.'s Jillian-Tet gives us a preview of UN Week from New York. |
| 0:48.0 | I'm Amy Keene, and here's the news you need to start your day. |
| 1:00.9 | Soft Bank is expected to call for a board meeting as early as this week to demote Adam Newman from his role as We Works Chief Executive Officer. |
| 1:04.0 | Soft Bank is We Work's biggest outside investor, |
| 1:07.0 | and after the loss-making property group shelved its initial public offering last week, |
| 1:12.0 | followed by reports of Mr. Newman's |
| 1:14.0 | volatile behavior and drug use, Soft Banks lost faith in Mr. Newman's ability to |
| 1:18.7 | lead the company. Sources told the FT that Mr. Newman's outsized influence over the company has become one of the biggest hurdles in the path of a multi-billion dollar IPO. |
| 1:29.5 | It was unclear, however, whether a majority of We Works Board members believe that Mr. Newman |
| 1:34.7 | should step down as Chief Executive. |
| 1:37.4 | The sources also caution that the Board could decide against changing the role in the |
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