Rolls-Royce flies high
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 27 March 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US will impose tariffs of 25 per cent on imports of foreign-made autos and Piyush Gupta will step down after 16 years as chief executive at Singapore’s DBS bank. UK inflation unexpectedly fell to 2.8 per cent in February, and Rolls-Royce has seen its share price skyrocket since 2023, in large part due to chief executive Tufan Erginbilgiç.
Mentioned in this podcast:
Donald Trump to impose 25% tariff on US auto imports
DBS and Jack Ma: how a meeting helped change the history of Singapore’s biggest bank
Turning round Rolls-Royce: ‘If you don’t score quickly, you lose people’
UK inflation slows more than expected to 2.8%
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, and we expect this to grow to |
| 0:23.3 | over 7 million UK households. We're an energy company searching for better. Equinore.com. |
| 0:29.2 | UK. |
| 0:34.0 | Good morning from the Financial Times. Today is Thursday, March 27th, and this is your FT News briefing. |
| 0:40.7 | U.S. President Donald Trump escalated his trade war yesterday, and we have two CEO |
| 0:45.4 | comeback stories for you, how Rolls Royce revved up, and how the outgoing CEO of Singapore's |
| 0:51.3 | largest bank turned things around. |
| 0:53.8 | Rather than thinking, what would Jamie Diamond do? |
| 0:56.9 | It was instead, what would Jeff Bezos do? |
| 0:59.1 | And so it was really changing that mindset within the business to think more like a tech company. |
| 1:03.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:29.0 | Yeah. The U.S. is going to impose 25% tariffs on automotive imports. Donald Trump announced the move yesterday. The U.S. president said it would lead to, quote, tremendous growth in the American car industry. Car makers, however, |
| 1:34.6 | have said tariffs would upend their supply chains and increase the cost of cars in the U.S. |
| 1:40.8 | Shares in General Motors, Chrysler's parent company Stalantis, and Ford fell in after-hours trading after the announcement. |
| 1:48.2 | The move follows a series of new tariffs from the president. |
| 1:51.4 | They include an additional 20% tax on goods from China and 25% levies on all imports of steel and aluminum. |
| 1:59.5 | The automotive tariff will begin next Wednesday. |
| 2:08.7 | Piush Gupta will step down tomorrow after 16 years as the head of Singapore's biggest bank, |
| 2:14.8 | DBS. He joined in 2009 to steer the company out of the recession and helped build it into the regional |
... |
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