4.4 • 4.9K Ratings
🗓️ 14 April 2020
⏱️ 29 minutes
🧾️ Download transcript
With countries accounting for more than half of global GDP in lockdown, the collapse of commercial activity is unprecedented. Falling demand and a bitter price war had pushed the price of crude oil to its lowest since 1999. Could a historic deal between oil producers be enough to stabilise the market? Plus, those companies that survive the coronavirus crisis will have to adapt to a very different environment. And, how to reopen factories after covid-19. Patrick Lane hosts
For more on the pandemic, see The Economist's coronavirus hub.
And please subscribe to The Economist for full access to print, digital and audio editions:
Hosted on Acast. See acast.com/privacy for more information.
Click on a timestamp to play from that location
0:00.0 | It can be tricky getting the balance right when it comes to kids and screen time. |
0:05.0 | You don't want me to miss out, but you're mindful of the well-being. |
0:09.0 | Try the Google Family Link app. |
0:11.0 | It lets you set screen time limits, create a bed time for your child's device, |
0:16.0 | and block or approve the apps they download, or from your own phone, |
0:21.0 | helping you find a healthier balance for your family online. |
0:25.0 | Download the Google Family Link app today. |
0:30.0 | You're listening to Money Talks on Economist Radio. |
0:40.0 | Our weekly podcast on the markets, the economy, and the world of business. |
0:45.0 | I'm Patrick Lane, and this week, the Business of Survival. |
0:50.0 | Countries accounting for more than half of World GDP are in lockdown. |
0:56.0 | The collapse in commerce is unprecedented. |
0:59.0 | Can a historic deal among the world's biggest oil producers stabilize the market? |
1:03.0 | I think that you will see a big increase in bankruptcies, even with this deal. |
1:09.0 | For those firms that managed to ride out the storm, what will the brave new business world look like? |
1:13.0 | Before this, we called it building bionic companies, but I think that's going to be building bionic companies on steroids. |
1:20.0 | And how to remake factories to get the world's production lines moving again. |
1:25.0 | We're going to see probably five years worth of innovation in manufacturing in the next 18 months. |
1:37.0 | First up, more than a month after the onset of a bitter price war, the world's biggest oil producers have agreed on a truce. |
1:45.0 | I also spoke with the King of Saudi Arabia, and that was a very important call. |
1:49.0 | And the bottom line is OPEC Plus. It's called OPEC Plus because there are other states or also other nations. |
1:54.0 | We came to a very good agreement. |
... |
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 2025.