Why Ireland’s economy is red hot
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 August 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
China’s extended military drills around Taiwan are stoking fears of a drawn-out period of heightened tension and investors are split over whether the recent US tech rally will continue. Plus, the FT’s Jude Webber explains how taxes from the tech sector are helping Ireland’s economy against a recession.
Mentioned in this podcast:
US pledges further $1bn in military aid for Ukraine
China extends military drills around Taiwan
Tech sector tax windfall shores up Ireland’s economy against recession
Investors divided over how long Big Tech rally will last
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.4 | Today is Tuesday, August 9th, and this is your FT News Briefing. |
| 0:18.4 | China is continuing to flex its military might. |
| 0:21.6 | Investors wonder if the US tech stock rally will last, |
| 0:25.3 | and Europe's economies are looking really grim. |
| 0:28.8 | But there is a tiny exception. |
| 0:31.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:44.3 | The US yesterday announced an additional $1 billion in military aid to Ukraine. |
| 0:48.9 | It's the largest military package since the start of Russia's invasion. |
| 0:52.9 | In all, Joe Biden's administration has sent nearly $10 billion in security aid to Ukraine. |
| 0:58.5 | And this latest round comes as Ukraine is preparing a fresh offensive |
| 1:02.5 | in the southern part of the country. |
| 1:04.3 | It wants to take back the city of Harsan and stop Russia from using the NEPRO river as a natural barrier. |
| 1:10.4 | The US assistance will include among other things, ammunition, and armored medical vehicles. |
| 1:22.0 | China continued its military drills around Taiwan on Monday. |
| 1:25.8 | They're seen as a response to the visit by US House Speaker Nancy Pelosi to Taiwan last week. |
| 1:31.4 | She's the highest-ranking US official to visit Taipei in decades. |
| 1:35.7 | Our correspondent in Taiwan, Katherine Hilla, reports that China's military also crossed |
| 1:40.9 | an unofficial dividing line in the Taiwan Straits. |
| 1:44.3 | Both sides had mostly respected that, so just stayed on their side of that unofficial line. |
... |
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