Pressure on Hong Kong finance, Boeing’s resumes 737 Max production, EU’s €750bn plan
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 28 May 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Boeing said it will resume production of the troubled 737 Max, just hours after announcing plans to dismiss more than 12,000 US workers. Meanwhile, Brussels has unveiled a plan to borrow €750bn to bankroll recovery efforts after the coronavirus crisis. Now it faces a critical few weeks for corralling member states to back the plan. Plus, the US will no longer consider Hong Kong autonomous from China. The FT’s US managing editor, Peter Spiegel, explains what this could mean for the global financial hub.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Thursday, May 28th, and this is your |
| 0:06.0 | F.T. News briefing. Boeing is set to restart the production of the grounded 737 max |
| 0:12.1 | aircraft, and Brussels faces considerable of the |
| 0:15.0 | production ground considerable hurdles in its request for 750 billion euros to bankroll recovery efforts |
| 0:20.0 | after the pandemic. |
| 0:21.0 | But first, the US said yesterday that it no longer considers |
| 0:25.0 | Hong Kong autonomous from China. The F.T.'s US managing editor Peter Spiegel |
| 0:29.7 | explains what this could mean for the city's status as a global financial hub. |
| 0:34.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:40.0 | China's legislature could rubber stamp a national security measure on Hong Kong today. |
| 0:45.0 | It comes after about a year of pro-democracy protests in the city. |
| 0:49.0 | So what would this new legislation do? |
| 0:51.0 | There's not a whole lot of meat on the bones just yet, but what happens is they categories |
| 0:55.2 | new crimes essentially, like subversion and terrorism, these things that are sort of catch-all crimes that |
| 1:01.0 | could be used by Chinese authority to go after these protesters. |
| 1:05.0 | That's the F.T's U.S. managing editor, Peter Speeagle. |
| 1:08.0 | Yesterday, U.S. Secretary of State Mike Pompeo said that with this legislation the US no longer considers Hong Kong |
| 1:14.3 | autonomous from China. This marks the possible first step towards removing special |
| 1:19.0 | trade and economic agreements that have helped Hong Kong sustain its place as a financial hub. |
| 1:24.0 | Peter has more. |
| 1:26.0 | I think you have to acknowledge this is a threat to Hong Kong as a global financial |
| 1:30.4 | center, right? |
... |
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