Sequoia Capital to spin off its China business
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 June 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
The UK Cabinet Office will tell central government departments to remove all surveillance equipment made by Chinese companies from sensitive sites; and the venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing. Plus, the destruction of a dam on the front lines of the war in Ukraine has flooded entire towns and forced tens of thousands of people to evacuate.
Mentioned in this podcast:
UK to strip Chinese surveillance cameras from sensitive government sites
Sequoia to spin off its China business
Dam break gives Russia a new weapon in Ukraine War
Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, 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
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Transcript
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| 0:00.0 | The latest episode of the next five podcasts is all about financing net zero. |
| 0:04.6 | I speak to Tim Gould, Chief Energy Economist at the IEA. |
| 0:07.6 | We're up to $1.7 trillion going into clean energy transition investments this year. |
| 0:13.1 | Nick Standsbury, Head of Climate Solutions at LGIM. |
| 0:15.6 | We need to put a proper price on all greenhouse gas emissions. |
| 0:19.6 | And Eric Werners, SVP and Chief Economist are equinox. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the full episode wherever you get your podcasts. |
| 0:29.2 | Enjoy. |
| 0:30.7 | Good morning from the Financial Times. |
| 0:32.2 | Today is Wednesday, June 7th. |
| 0:34.0 | And this is your FT News briefing. |
| 0:38.9 | The destruction of a huge dam in Ukraine could give Russia a military advantage. |
| 0:43.9 | And one of the biggest US venture capital firms is splitting off its China business. |
| 0:48.7 | It just feels like this is a step towards accepting that in the long term, |
| 0:53.2 | you know, the US is really not going to be investing in China or anything like the scale that it has been. |
| 0:59.3 | Meanwhile, the UK is worried about Chinese spying |
| 1:02.9 | and will tell you about a shock merger in the world of professional men's golf. |
| 1:07.8 | I'm Mark Filipina, and here's the news you need to start your day. |
| 1:11.7 | The UK will order government departments to remove Chinese made surveillance equipment from quote sensitive sites. |
| 1:26.2 | The cabinet office made the announcement yesterday. |
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