Sudanese refugees pour into Chad
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 26 April 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Google’s advertising revenue in the first quarter of 2023 nearly matched numbers from a year ago, tens of thousands of Sudanese refugees have crossed into neighbouring Chad, and First Republic Bank saw its shares plummet nearly 50 per cent yesterday. Plus, General Motors is diversifying its EV battery production.
Mentioned in this podcast:
Google advertising bounces back with return to revenue growth
Sudan crisis threatens to bring fresh turmoil to neighbouring Chad
Sharp sell-off in First Republic shares causes alarm in Washington
GM teams with Samsung on $3bn EV battery plant in the US
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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 FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.4 | Good morning from the Financial Times. |
| 0:11.9 | Today is Wednesday, April 26th, and this is your FT News Briefing. |
| 0:19.3 | Alphabet just reported a bounce back quarter. |
| 0:22.0 | The violence in Sudan is putting pressure on its neighbor to the west, |
| 0:25.6 | and one US regional bank is still watching its shares sink. |
| 0:30.4 | Plus, the CEO of General Motors announced the company is going to stop producing its first |
| 0:35.4 | mass market, all-electric vehicle. |
| 0:38.1 | Mary Barrett just kind of slid it right in there on the earnings call. |
| 0:42.1 | One of those cases, you're like, wait, did she just say what I thought she said? |
| 0:46.3 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:55.7 | Google kicked off the first quarter of the year with surprisingly solid advertising revenue. |
| 1:00.7 | Its parent company Alphabet reported first quarter earnings yesterday, |
| 1:03.9 | and the results be Wall Street expectations. |
| 1:06.4 | This is good news for the company after two straight quarters of disappointing earnings. |
| 1:10.8 | Microsoft reported quarterly earnings yesterday too, and said the company's cloud division |
| 1:15.2 | continued to drive strong revenues. |
| 1:17.6 | The tech giant also beat expectations. |
| 1:20.1 | The tech sector, as a whole, has had a rough go of it recently. |
| 1:24.0 | Digital advertisers are cutting back as rising interest rates force companies to get frugal. |
| 1:29.5 | We'll see how other big tech companies are holding up. |
... |
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