The frontrunner to replace Angela Merkel talks the CDU and Germany’s economy
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 June 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
A US judge has dismissed two antitrust lawsuits against Facebook, investors are reassessing their conviction in the reflation trade that has captivated Wall Street this year after a hawkish tilt by the US central bank inflicted losses on some fund managers, Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems. Plus, the FT’s Berlin bureau chief, Guy Chazan, spoke with Armin Laschet, leader of the CDU and frontrunner to replace Angela Merkel, about his plans for Germany’s economy and relations with China.
US judge dismisses antitrust lawsuits against Facebook
https://www.ft.com/content/bedb65dd-53c9-4e31-b3d7-c85a40fdb104
Reflation trade unwind wrongfoots several big-name hedge funds
https://www.ft.com/content/4fc62da9-da68-4d1f-a2aa-c8a575d11920?
Binance customers frozen out of withdrawals through key UK payments network
https://www.ft.com/content/2d427ed7-f9e4-46cf-a4c4-46429b19df5d?
FT interview: Armin Laschet on Merkel, the Greens and fiscal rules
https://www.ft.com/content/e3c3e517-2c5b-49d6-a566-0f6bd896f8fe
Olaf Scholz treads fine line on German thrift versus pandemic spending
https://www.ft.com/content/1d6d8876-2b21-4550-ba85-443d5c20919b?
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, June 29th, and this is your FT News Briefing. |
| 0:08.6 | Facebook scored a big victory against regulators. Investors reassessed their faith in the |
| 0:13.6 | reflation trade, and Binance customers are feeling the crunch after the UK's crackdown on the |
| 0:19.0 | cryptocurrency exchange. Plus, our Berlin bureau chief spoke to the man seen as most likely to |
| 0:24.4 | succeed Angela Merkel will see how voters feel about Orman Lashit. He is the continuity candidate, |
| 0:30.6 | and that could be slightly problematic because polls show that a lot of people really won't change |
| 0:37.0 | now. Here's the news you need to start your day. |
| 0:47.9 | A US judge yesterday dismissed two anti-trust lawsuits against Facebook. |
| 0:52.6 | One of the lawsuits was brought by the Federal Trade Commission which accused Facebook of buying |
| 0:56.8 | up other social media sites like WhatsApp and Instagram and killing the competition in the process. |
| 1:02.4 | The judge ruled that the FTC didn't have enough facts to establish that Facebook has monopoly |
| 1:07.6 | power over the market. The judge also dismissed a lawsuit brought by 46 states saying that the alleged |
| 1:13.3 | violations were too old. Facebook said in a statement, we are pleased that today's decisions |
| 1:18.4 | recognize the defects in the government complaints filed against Facebook. The new sent Facebook |
| 1:23.2 | shares higher yesterday, pushing its market value to more than a trillion dollars. But it may not |
| 1:28.4 | be the last that Facebook hears from US regulators. The FTC still has 30 days to file a new complaint, |
| 1:34.4 | and across the Atlantic, the social media giant still faces investigations by UK and EU regulators. |
| 1:40.5 | Binance customers have been unable to withdraw and deposit British pounds using one of the UK's |
| 1:50.9 | main payment systems. The cryptocurrency exchange yesterday said the ability to take sterling in |
| 1:56.3 | and out of customer's accounts had been suspended for maintenance. This came a few days after UK |
| 2:02.6 | regulators banned Binance from operating in Britain, Binance declined to immediately comment on the |
| 2:08.0 | notice. Binance's website says customers can move money using bank cards, but not being able to |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.