The return of the rice crisis
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 30 October 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Israel has expanded its ground offensive in Gaza as the country launches a new phase of its war to destroy Hamas, and seven tech companies are dominating global stocks. Plus, the FT’s Susannah Savage explains why the world is entering a rice crisis and what can be done to fix it.
Mentioned in this podcast:
‘Magnificent Seven’ tech stocks drive US equity domination to new highs
Rémy Cointreau drops to three-year low as US consumers shun cognac
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, 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 | Good morning from the Financial Times. |
| 0:04.6 | Today is Monday, October 30th, and this is your FT News briefing. |
| 0:09.8 | Israel expanded its ground-offensive in Gaza over the weekend, and just seven American |
| 0:14.9 | tech stocks are driving global indexes higher. |
| 0:18.5 | Plus, you might not think about rice other than when you're heaping some on your plate, |
| 0:23.4 | but we're entering a global rice crisis and it's affecting a lot of people. |
| 0:28.5 | So we're talking about around half the world's population, so that's three and a half |
| 0:33.0 | billion people, particularly in Asia, but also Latin America and West Africa. |
| 0:38.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:52.4 | Israel has entered the second stage of its war with Hamas, that's with Prime Minister |
| 0:56.7 | Benjamin Netanyahu said over the weekend. |
| 1:07.1 | A spokesperson for the Israel Defense Forces said on Sunday that combat operations were |
| 1:11.6 | continuing in the north of the Gaza Strip. |
| 1:15.0 | Some had expected a full-scale invasion of Gaza, but officials say the more gradual |
| 1:19.1 | build-up is to try and reduce the likelihood that the Iranian-backed militant group |
| 1:23.2 | Hezbollah will get involved. |
| 1:25.6 | The Hamas-controlled health ministry said the death toll in Gaza has risen to more than |
| 1:29.7 | 8,000 Palestinians since the start of the Israeli offensive. |
| 1:34.0 | Israel has been bombarding Gaza since Hamas attacked the country on October 7th and killed |
| 1:38.4 | more than 1,400 people. |
| 1:46.2 | We're in the middle of earning season, and once again, US tech companies are showing just |
| 1:50.7 | how strong they are. |
... |
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