Why developing countries are so keen on cryptocurrencies
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 7 September 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/768cdb61-a131-42de-b8d6-42c3c757cb82
Prime minister Boris Johnson will announce a tax rise of more than £10bn a year today, and the military junta that overthrew Guinea’s president is urging mining companies to keep operating. Plus, the FT’s emerging markets correspondent, Jonathan Wheatley, explains why developing countries have provided fertile ground for cryptocurrencies to take hold.
Johnson set to unveil £10bn tax rise to fund NHS, social care
https://www.ft.com/content/47120539-1930-4065-ae93-de84dc51378c
Guinea coup leaders urge mining companies to keep operating
https://www.ft.com/content/6ff3fe38-66f1-4d76-995a-457936305dd2
Cryptocurrencies: developing countries provide fertile ground
https://www.ft.com/content/1ea829ed-5dde-4f6e-be11-99392bdc0788
‘Shang-Chi’ smashes Labor Day records with $90m in ticket sales
https://www.ft.com/content/731d8697-a894-4f81-aae6-0a27f3cf85ed
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.7 | Today is Tuesday, September 7th, |
| 0:03.7 | and this is your FT News Briefing. |
| 0:08.7 | Boris Johnson is set to announce a major tax rise today, |
| 0:12.5 | and the military coup in Guinea has people worried |
| 0:15.1 | about aluminum production. |
| 0:17.0 | Plus, many developing countries |
| 0:18.3 | are finding cryptocurrencies appealing, |
| 0:20.4 | and the biggest experiment starts today in El Salvador. |
| 0:24.2 | This is not some Mickey Mouse country, |
| 0:27.1 | or rather it's a small country in Central America. |
| 0:29.5 | It looks a bit bizarre that it's doing this, |
| 0:32.1 | but this is a test case. |
| 0:35.5 | I'm Mark Filipino, |
| 0:36.5 | and here's the news you need to start your day. |
| 0:46.5 | Today, UK Prime Minister Boris Johnson |
| 0:48.4 | will announce a tax rise of more than 10 billion pounds. |
| 0:52.0 | The money will go toward emergency support for the NHS. |
| 0:55.3 | It'll also go to gradually reforming |
| 0:57.4 | the UK's social care sector. |
| 0:59.4 | But the FT's political editor, George Parker, |
| 1:01.9 | says members of Johnson's own party |
... |
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