Tuesday, November 19

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 19 November 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Alibaba is set to raise up to $13.4bn in a secondary listing in Hong Kong even as violence in the financial centre intensifies. Many see the IPO as a critical test of confidence in both Hong Kong and Beijing. Next, Coty buys a controlling stake in Kylie Jenner’s cosmetics company and UK prime minister Boris Johnson shelves a proposed cut to corporation tax at the CBI’s annual conference on Monday. Plus, Facebook declared that it had shut down 5.4bn fake accounts in the first nine months of this year. The FT’s Lex deputy editor, Elaine Moore, dives into the social network’s fake accounts problem.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times.
0:12.0	Today is Tuesday, November 19th. Good morning from the newsroom of the Financial Times.
0:12.6	Today is Tuesday, November 19th, and this is your FT news briefing.
0:18.5	As violent protests intensify in Hong Kong, there are rising concerns about the region's future as a financial center.
0:25.0	We'll hear from the F.T. Ravi Matu in Hong Kong.
0:28.0	Plus, Cody pays $600 million for half of Kylie Cosmetics. And Boris Johnson
0:33.8	postpone's plans to drop the corporate tax rate as he warms up before tonight's
0:38.2	televised debate. Then we'll take a deep dive into the world of Facebook's fake accounts.
0:44.0	I'm Mark Filipino, and here's the news you need to start your day.
0:50.6	Hong Kong has been engulfed in pro-democracy protests for months.
0:55.0	Last week, things escalated significantly after at least one person was shot by police, another
1:00.1	was set on fire, and a 70-year-old man died after he was hit in the head with a flying brick.
1:06.0	Police said the city was on the brink of total collapse.
1:10.0	Ravi Matu is the FT's deputy Asian news editor in Hong Kong. He has more.
1:15.2	Up to now protests have not necessarily affected everyone. Some have been more
1:19.5	affected than others. The outbreak of violence on university campuses and the protesters
1:26.9	blocking of roads and the transport chaos caused really escalated this in terms
1:31.4	of its impact on day-to-day life.
1:33.6	Right now, as of the last couple of days, things are pretty concentrated around the campus of
1:38.8	Hong Kong Polytechnic University, where hundreds of students remain hold up after two days police
	...

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