The Congo river conservation debate
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 July 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Investors sold stocks and bonds across the world on Thursday as US borrowing costs touched a 16-year high, US Treasury secretary Janet Yellen is in China, and Meta said more than 30mn people had signed up to its long-awaited competitor to Twitter. Plus, the FT’s Africa editor David Pilling explains why conservation in the Congo has become contentious.
Mentioned in this podcast:
US borrowing costs hit 16-year high as markets roiled by jobs data
Janet Yellen to visit China in new US push to ease tensions
Meta says 30mn people have signed up to Twitter competitor Threads
In search of the ‘village of the elephants’, deep in the central African rainforest
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. 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 FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.0 | Good morning from the Financial Times. |
| 0:11.5 | Today is Friday, July 7th. |
| 0:13.4 | And this is your FT News Briefing. |
| 0:18.8 | Investors did not like yesterday's US job data, |
| 0:22.7 | and Janet Yellen is in Beijing trying to smooth things over with China. |
| 0:27.5 | Plus, the FT's David Pilling explains why conservation in Africa has become contentious. |
| 0:34.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:43.2 | Investors sold off stocks and bonds yesterday, |
| 0:46.4 | and the yield on the two-year US Treasury reached its highest level since 2007. |
| 0:51.6 | The sell-off happened after the ADP Research Institute released strong June job figures. |
| 0:57.6 | The data showed that the US gained nearly half a million private sector jobs last month. |
| 1:02.6 | That's roughly double what economists expected, and it's the biggest rise in more than a year. |
| 1:07.8 | Because of those figures, investors are anticipating more interest rate rises from the Federal Reserve, |
| 1:13.2 | and bigger cracks in the economy. |
| 1:15.9 | Official government jobs data for June is set to come out today. |
| 1:22.0 | US Treasury Secretary Janet Yellen is in China, or as it comes just weeks after Secretary of State |
| 1:30.5 | Anthony Blinken was in Beijing. Yellen, like Blinken, is there to try and rebuild the relationship |
| 1:36.4 | that's gone, particularly sour recently. Here's the FT's Beijing bureau chief, Joe Leahy. |
| 1:42.0 | The Yellen visit comes just after China has imposed restrictions on two metals that are used in |
| 1:47.6 | advanced technologies, and this follows US restrictions on Chinese companies in the semiconductor |
... |
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