Turkey’s central bank chief steps down
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 5 February 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Plans for a code on how AI models can use copyrighted materials have stalled in the UK, and US forces carried out strikes against Iran-backed militants over the weekend. Plus, the FT’s Owen Walker explains why the tides are turning against European banks.
Mentioned in this podcast:
Turkey central bank governor quits and points to campaign against her
BNP Paribas shares fall after downgrade to profit target
Deutsche Bank pledges to boost dividend and cut jobs
Santander earnings boosted by strong performance in Europe
Julius Baer’s profits tumble 52% as Signa hit triggers CEO exit
Turkey’s central bank rocked by another leadership shake-up
US and UK hit Houthis in fresh air strikes against Iran-backed militias
UK shelves proposed AI copyright code in blow to creative industries
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Saffeya Ahmed, Zach St. Louis, 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 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Monday, February 5th, and this is your |
| 0:17.5 | F.T. news briefing. Talks have broken down in the UK over how AI models can use copyrighted materials, and |
| 0:25.5 | European Banks might be in for a disappointing 2024. |
| 0:29.9 | Plus Turkey's Central Bank Chief has quit just months into the job. |
| 0:33.2 | It seems like it just reached a critical breaking point where she quit and she basically said |
| 0:38.3 | I'm out I'm just going to resign. |
| 0:40.8 | I'm Safia Ahmed in for Mark Filipino and here's the news you need to start your day. A long awaited code of conduct for how AI models can use copyrighted material has stalled in the UK. |
| 1:02.0 | It's a big blow to the creative industry. |
| 1:05.0 | The UK government agency that oversees copyright laws couldn't reach an agreement |
| 1:10.0 | with artists and tech groups. |
| 1:12.0 | Establishing rules on AI is top of mind for many artists, authors, and musicians. |
| 1:18.0 | They're worried that AI models could copy and reproduce their work without paying them. |
| 1:24.0 | This deadlock highlights the delicate balance the UK government is trying to strike |
| 1:29.0 | between protecting the creative industry and allowing AI to develop. |
| 1:33.0 | Turkey's president, |
| 1:40.0 | Regip Tuyup Airdewan appointed a new Central Bank Governor over the weekend. |
| 1:45.7 | The move came just hours after his previous appointees suddenly resigned. |
| 1:50.0 | Hafizagaya Airchen had been on the job for less than a year, |
| 1:53.9 | and during that time she started a major overhaul of Turkey's economic policy. |
| 1:58.6 | I'm joined now by the F.T.'s Turkey correspondent Adam Sampson. |
... |
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