Who to turn to when the world is crumbling
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 October 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Microsoft registered an unexpected rebound in growth in its Azure cloud computing platform during the third quarter, environmental campaigners have attacked a critical part of the EU’s plans to green its energy supply, and the UN's secretary-general is denouncing what he calls “clear violations” of international law” in Gaza. Plus, the FT’s Arjun Neil Alim explains why companies are turning to former diplomats for help.
Mentioned in this podcast:
Microsoft’s unexpected rebound in Azure cloud growth lifts shares
UN chief denounces ‘clear violations’ of international law in Gaza
Campaigners warn EU over funds for hydrogen infrastructure
Companies on the hunt for geopolitical advice as tensions rise
Source: United Nations
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 | Good morning from the Financial Times. |
| 0:04.4 | Today is Wednesday, October 25th, and this is your FT News briefing. |
| 0:09.6 | Alphabet's third quarter earnings did not sit well with investors. |
| 0:14.3 | Environmentalists are pretty unhappy with the European Union's plan for hydrogen projects, |
| 0:19.9 | and the head of the United Nations is adding to the pressure for Israel to stop bombing |
| 0:23.9 | Gaza. |
| 0:25.5 | Plus, the FT's Argin Neal Alams says that companies are looking for help with geopolitical issues. |
| 0:31.2 | Why? |
| 0:32.2 | Well, the bad news is that the world over the last 30 years has become a much more unstable place. |
| 0:37.0 | You have Radalia Bridgewater saying this week that he sees the likelihood of a global hot war at 50%. |
| 0:43.0 | I'm Mark Filipino, and here's the news you need to stir today. |
| 0:54.9 | Investors took Alphabet's earnings report with a glass half empty sort of approach. |
| 1:03.4 | Google's parent company said yesterday that its cloud division narrowly missed sales forecasts, |
| 1:08.8 | but Alphabet did say advertising revenue did better than expected in the third quarter. |
| 1:13.9 | Wasn't enough to stop Alphabet shares from falling 6% and after I was trading though. |
| 1:18.7 | Microsoft had a better day. |
| 1:20.2 | It said its cloud computing platform beat estimates. |
| 1:23.4 | Investors were all glass full on that one, and Microsoft's share price jumped about 5% after the bell. |
| 1:35.7 | The European Union's strategy for cutting carbon emissions is moving in the wrong direction. |
| 1:40.3 | That's according to environmental campaigners. |
| 1:42.8 | They say a list of priority energy projects that the commission is discussing today amounts to a quote, |
| 1:48.4 | wish list for oil and gas majors. |
... |
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