UK inflation creeps back
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 November 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Nvidia’s third-quarter revenue almost doubled from a year ago, and UK inflation accelerated in October as energy prices rose. Disgraced Archegos founder Bill Hwang is sentenced to 18 years in prison for fraud, and China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a trade war.
Mentioned in this podcast:
Nvidia revenue nearly doubles as AI chip demand remains strong
UK inflation accelerates sharply to 2.3% in October
More growth, inflation and uncertainty: the BoE’s Budget verdict
Archegos’s Bill Hwang sentenced to 18 years in prison
China arms itself for potential trade war with Donald Trump
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. We're an energy company searching for better. |
| 0:28.4 | Equinor.com.uk. |
| 0:32.6 | Good morning from the Financial Times. Today is Thursday, November 21st, and this is your FT News briefing. |
| 0:40.7 | Invidia's latest earnings confirm that its chips are still hot, and inflation is on the rise again |
| 0:48.7 | in the UK. Plus, Beijing is ready to fight back against any tariffs from Donald Trump. |
| 0:55.2 | You haven't seen anything yet when it comes to what China might be able to do in terms of hitting back against pressure from the U.S. |
| 1:02.1 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:20.6 | Okay. NVIDIA released its third quarter earnings yesterday, and the picture was kind of mixed. |
| 1:27.3 | Revenue was almost double what it was a year ago and way above analyst predictions. Sounds pretty dazzling, right? |
| 1:30.4 | Well, the pace of growth was actually slower than the previous quarter. One possible reason |
| 1:36.8 | has to do with NVIDIA's latest Blackwell chips. Investors have been chomping at the bit for them, |
| 1:43.5 | but they've had a rocky start. |
| 1:46.2 | There have been concerns about technical issues and reports of overheating. |
| 1:50.9 | Invidia shares slipped a bit in after-hours trading. |
| 1:59.8 | UK inflation increased a lot in October. It went from 1.7% to 2.3. The report out yesterday |
... |
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