Wealthy Argentines flock to Uruguay
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 4 December 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Israel has ordered Palestinians in Gaza to evacuate a large area of land in the south of the strip, South Korea has become a top 10 defence exporter since the start of the war in Ukraine, Prime Minister Narendra Modi’s Bharatiya Janata party has won a series of resounding victories in India’s state polls, and wealthy Argentines are moving to Uruguay to avoid high taxes.
Mentioned in this podcast:
Israel pounds southern Gaza after US warning on civilian deaths
South Korean defence industry rides global order wave
‘Leaving without leaving’: Argentines are flocking to Uruguay to avoid a high tax burden
Narendra Modi’s BJP triumphs in India state elections
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, 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 equinore. UK. Good morning from the Financial Times. Today is Monday, December 4th, and this is your |
| 0:17.1 | FT news briefing. Israel has ordered Palestinians to evacuate a large section of southern Gaza, and South Korea |
| 0:26.3 | has become a major player in the defense industry. |
| 0:30.3 | Plus, the F.T.'s Michael Stott explains why wealthy Argentines are flocking to Uruguay. |
| 0:35.6 | It's known as the Switzerland of Latin America because it's all the things that many Latin American |
| 0:42.3 | countries are not. |
| 0:44.0 | I'm Sonia Hudson in for Mark Filipino and here's the news you need to start your day. It looks like Israel is planning to launch a new ground offensive on the biggest |
| 1:06.4 | city in southern Gaza. The country has ordered Palestinians to evacuate a large |
| 1:11.8 | area in that part of the strip. |
| 1:14.0 | It's also ramped up aerial bombings that have killed hundreds of people |
| 1:18.0 | since a truce with Hamas fell apart on Friday. |
| 1:21.0 | But the UN says the evacuation orders are not practical because |
| 1:26.1 | almost the entire population of 2.3 million people is already packed into |
| 1:31.4 | the southern part of Gaza. |
| 1:33.0 | Most living in the north evacuated once Israeli forces |
| 1:36.7 | started a ground invasion there several weeks ago. |
| 1:39.5 | Israel has suggested a safe zone in southern Gaza for civilians to evacuate too. |
| 1:45.6 | It would be 14 square kilometers which is roughly the size of London's Heathrow Airport. in the |
| 1:58.0 | South Korea has become one of the world's top 10 defense exporters. It's been producing arms for years |
| 2:06.0 | but Russia's war in Ukraine has supercharged the industry. There's more demand for |
... |
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