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FT News Briefing

Secret paper trail reveals hidden Adani investors

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 4 September 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Global growth is set to slow next year after outperforming economists’ expectations so far in 2023, American mothers are re-entering the workforce at high rates, and the Hollywood strikes are starting to bite into California’s economy. Plus, the FT’s Dan McCrum unpacks his latest investigation into India’s Adani Group.  


Mentioned in this podcast:

Economists grow gloomier on 2024 as central banks delay rate cuts

Adani shares slide and politicians demand action after reports on hidden investors

Secret paper trail reveals hidden Adani investors

Hollywood strikes take $5bn bite out of California economy

American mothers re-enter the workforce at high rates

Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

The FT News Briefing is supported by Equinole, the UK's energy partner.

0:06.3

Learn more at equinole.co.uk

0:12.3

Good morning from the Financial Times.

0:14.0

Today is Monday, September 4th, and this is your FT News Briefing.

0:19.6

Looks like all those interest rate rises are starting to pay off

0:23.0

because global growth might dip next year.

0:26.4

Moms are returning to the workforce at levels not seen in decades,

0:30.7

and the Hollywood strikes are doing major damage to California's economy.

0:36.4

Plus, new documents have uncovered potentially controversial shareholders in India's Adani Group.

0:42.4

It raises the question, were these people acting as frontmen for the Adani's?

0:48.0

And if they were acting as frontmen, that raises potential questions about

0:52.4

was market manipulation happening?

0:54.5

By Mark Philippineau, and here's the news you need to start your day.

1:09.3

When it comes to the global economy, it's sort of a mixed back.

1:14.0

First, let's go through the good stuff.

1:16.6

Global growth has exceeded the expectations that a lot of economists had this year.

1:21.2

That's thanks to strong labor markets and consumer demand, mostly in the US.

1:26.8

But new forecasts find that growth is expected to slow next year.

1:31.3

More economists predict that high demand will keep inflation elevated for longer,

1:36.3

that means interest rates will probably need to stay up there too.

1:40.7

Growth in the US might only reach 0.6% next year,

1:45.0

meanwhile you're probably not going to see anyone writing home about the UK and the Eurozone.

...

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