The return of David Cameron
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 14 November 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Global investment banks have criticised a blanket ban on short selling imposed by South Korean regulators, UK Prime Minister Rishi Sunak stunned Westminster on Monday by restoring former PM David Cameron to the political frontline, and the FT’s Christopher Grimes explains what the future of Hollywood might look like after months of strikes.
Mentioned in this podcast:
Global banks criticise Korean short selling ban as ‘phantom farce’
David Cameron returns as UK foreign secretary after Suella Braverman is sacked
Gaza’s al-Shifa hospital ‘ceases to function’ as it runs out of fuel
Hollywood snaps back into action after actors reach deal to end strikes
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 | Good morning from the Financial Times. Today is Tuesday, November 14th, and this is your |
| 0:07.3 | FT news briefing. Global investment banks are upset with South Korean regulators for banning short selling, and a familiar face is returning to Downing Street. |
| 0:18.0 | Plus the strikes in Hollywood are coming to an end, so we'll take a look at the next era of TV. We've just been through a |
| 0:25.6 | period of about 20 years where there's been a lot of daring interesting |
| 0:30.8 | television on and I think we're kind of in uncharted territory now. |
| 0:37.0 | I'm Mark Filipino and here's the news you need to start your day. South Korea instituted a ban against short selling last week and |
| 0:56.4 | global banks are not happy about it. The ban will last until June. Financial |
| 1:02.2 | authority say some types of short selling |
| 1:04.0 | were undermining fair pricing in the country's capital markets. |
| 1:07.9 | Sources from two global investment banks told the FT that a short selling ban |
| 1:11.8 | would make it hard to value listed companies |
| 1:14.0 | properly and that it would drain liquidity from South Korea's financial markets. UK Prime Minister Ritchie Sunak made some major changes to his cabinet yesterday. |
| 1:30.0 | First, in what was a bit of a shocker, he brought back one of his predecessors, David Cameron. |
| 1:35.4 | You remember David Cameron, he resigned after the 2016 Brexit referendum. |
| 1:39.9 | Cameron has now been elevated to the post of Foreign Secretary. |
| 1:44.0 | And the second thing Suinac did was he sacked his home Secretary Suella Braverman. |
| 1:49.0 | Here to help us make sense of this reshuffle is F.T. political columnist Stephen Bush. |
| 1:53.4 | Hey Stephen. |
| 1:54.4 | Hi, ah. |
| 1:55.4 | Okay, so two super important moves that Sunak made here. |
| 1:59.1 | Let's start with Braverman. |
| 2:00.6 | What led to her removal? |
... |
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