Money talks: Shopping for diamonds
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 26 November 2019
⏱️ 25 minutes
🧾️ Download transcript
Summary
LVMH, a French luxury goods giant, is buying American jeweller Tiffany & Co for over $16bn. What are its plans for the latest jewel in its crown? Soumaya Keynes speaks to Stephen Vaughn, former general counsel to the United States Trade Representative, about a crisis at the heart of the World Trade Organisation. And, what lessons can be learned from the world’s most extreme economies? Patrick Lane hosts
___________________
For full access to print, digital and audio editions of The Economist, go to www.economist.com/radiooffer
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Are you receiving tax credits? |
| 0:02.0 | If so, this message is for you. |
| 0:04.5 | Tax credits are coming to an end, |
| 0:06.3 | and most people will be asked to apply for universal credits instead. |
| 0:10.0 | The Department for Work and Pensions is writing to Tax Credit claimants. |
| 0:14.0 | You won't be moved automatically, so look out for your letter explaining what you'll need to do and by when. |
| 0:19.0 | And there's also lots of support to help you make the move. |
| 0:22.0 | Get ready for your Universal Credit Switchover. |
| 0:25.2 | Search Understanding Universal Credit today. |
| 0:28.2 | Eligibility criteria apply. On today's money talks we'll be looking at trade. At its most formal, a crisis at the heart of the World Trade Organization, |
| 0:44.3 | countries will start taking enforcement into their own hands |
| 0:47.7 | and you'll get all sorts of mini trade wars. |
| 0:50.3 | And its most informal, a remarkable ingenuity found at the very fringes of society. |
| 0:57.0 | I went to the biggest and quickest forming refugee camp and what I found was people in difficult situations will find a way to trade. |
| 1:06.0 | I'm Patrick Lane, one of the digital editors here at The Economist, |
| 1:10.0 | and you're listening to money talks on economist radio. |
| 1:13.0 | But first, LVMH, a French luxury goods empire, has secured a deal to buy Tiffany and |
| 1:26.2 | co, a celebrated American name for more than $16 billion. |
| 1:31.2 | LVMH, owned by Bernard Arno, said to be Europe's richest man, has been on a bit of a shopping spree. |
| 1:38.6 | Since 2016, it's already spent more than 12 billion dollars. |
| 1:43.0 | The acquisition of Tiffany is the largest ever in the luxury goods sector. |
| 1:47.0 | And Tiffany joins at LVMH's stable which already contains more than 70 brands, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

