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FT News Briefing

US-owned ship attacked off Yemen

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 16 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Red Sea shipping route remains dangerous. What's behind Chinese carmaker BYD's success in the electric vehicle market? And new figures show Germany was the world’s weakest-performing major economy last year.


Mentioned in this podcast:

Germany was worst-performing major economy last year

China’s electric vehicle dominance presents a challenge to the west

Wang Chuanfu, the driving force behind BYD’s rise


The FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Persis Love, Josh Gabert-Doyon, and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Simon Panayi. Topher Forhecz and Manuela Saragosa were executive producers. 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


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

At equinore. UK. Good morning from the Financial Times. Today is Tuesday, January 16th, and this is your

0:17.5

FT news briefing. A US-owned cargo ship is hit by a missile off the coast of Yemen.

0:24.0

Europe's largest economy contracts,

0:26.5

plus the rise and rise of Chinese electric vehicles.

0:30.5

I'm Josh Garro Duoyon, and here's the news you need to start your day.

0:35.0

Huthy Forces struck a U.S.owned commercial vessel off the coast of Yemen on Monday.

0:46.0

The rebel group says they're attacking ships in the area in response to Israel's offensive

0:50.2

against Gaza.

0:51.7

The strike comes despite raids by U.S. and UK forces in Yemen last week,

0:56.0

which were meant to prevent Houthi attacks on maritime trade. The ship's crew and cargo in this

1:00.8

latest attack were not seriously harmed, but many of the world's largest

1:04.4

shipping companies have stopped using the Red Sea route.

1:07.5

The latest attack underscores the risk of Washington being drawn deeper into regional conflict.

1:13.0

Germany is off to a rough start this year.

1:21.0

Data from the country's statistical agency places it as the worst performing major

1:26.3

economy in the world. Germany's output contracted in 2023, bad news for a country that's seen as

1:32.4

a major driver of European industry.

1:35.0

Germany is struggling to work through a couple of tricky economic issues.

1:39.0

Here to tell me more is Martin Arnold, the FT'sT.'s Frankfurt Bureau Chief.

1:43.0

Hi, Martin.

...

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