Sinn Féin’s historic victory
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 10 May 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Volkswagen chief Herbert Diess has called for the EU to pursue a negotiated settlement to the Ukraine War for the sake of Europe’s economy, Goldman Sachs has paused new Spac offerings, and an historic election victory by Northern Ireland’s Sinn Féin Party has overturned more than a century of unionist dominance in the region.
Mentioned in this podcast:
Emerging markets hit by ‘toxic’ mix of rising rates and slower growth
VW chief’s call for settlement to end war draws outrage from Kyiv
Goldman Sachs pauses work on new Spacs after SEC takes tougher stance
Sinn Féin wins historic victory in Northern Ireland
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 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 |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.4 | Today is Tuesday, May 10th, and this is your FT News Briefing. |
| 0:18.1 | Emerging market currencies are tumbling. |
| 0:20.8 | Goldman Sachs is hitting the pause button on new SPACs. |
| 0:24.5 | It sort of adds another nail to the coffin for SPACs themselves. |
| 0:29.2 | And Volkswagen CEO had something to say about the war in Ukraine. |
| 0:33.6 | Plus, Sinn Fein has become the biggest political force in Northern Ireland for the first time |
| 0:38.2 | in more than a century. We'll take a look at what that could mean for the economy |
| 0:42.1 | and for the reunification with the rest of Ireland. |
| 0:45.3 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:50.9 | Currencies are tumbling across emerging markets as the Federal Reserve raises US interest rates. |
| 0:56.9 | Higher US interest rates means emerging markets are relatively less attractive to investors |
| 1:01.9 | who are pulling out of riskier economies and shifting to the safer US financial system. |
| 1:07.6 | China's Renmin B fell to its weakest level against the dollar more than 18 months on Monday, |
| 1:12.5 | after data showed slowing export growth. |
| 1:15.3 | Brazil and South African currencies have fallen back since their initial boost they got from |
| 1:19.5 | Russia's invasion of Ukraine, which helped commodity exporting countries. |
| 1:23.5 | And India's central bank yesterday reportedly intervened in markets to support the rupee. |
| 1:29.2 | A leading index of emerging market currencies has tumbled by more than 4% since early April. |
| 1:34.1 | That's the biggest drop since the start of the pandemic. |
... |
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