German voters shift to the right in Sunday’s elections
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 24 February 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The center-right Christian Democrats won the most votes in Germany’s election, and the US stock market had its worst day in two months on Friday. Britain and India will relaunch talks on a long-awaited trade deal, plus, China’s holdings of US Treasuries have fallen to their lowest level since 2009.
Mentioned in this podcast:
Friedrich Merz set to become Germany’s next chancellor, exit polls say
US stocks post worst slide in two months on gloomy economic data
China’s holdings of US Treasuries fall to lowest level since 2009
UK and India relaunch trade talks in bid to boost investment opportunities
Decaffeinated Brazilians blame Lula for surging cost of morning brew
Credit: @casaljb_brasil/Instagram
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, and we expect this to grow |
| 0:23.1 | to over 7 million UK households. We're an energy company searching for better. Equinor.com. |
| 0:29.0 | UK. |
| 0:33.5 | Good morning from the Financial Times. Today is Monday, February 24th, and this is your FT news briefing. |
| 0:41.3 | Germany's center right came out on top in yesterday's election, and all the political uncertainty |
| 0:47.0 | in the U.S. is starting to take a toll on Wall Street. |
| 0:50.9 | Plus, we'll take a look at how Beijing is getting creative at hiding its U.S. treasury holdings. |
| 0:57.3 | I'm Kasha Brusalian, and here's the news you need to start your day. |
| 1:09.5 | Germany's Christian Democratic Union, or the CDU, won the most votes in yesterday's federal elections. |
| 1:15.6 | Early results showed the center-right party winning just below 30% of the ballots. |
| 1:21.6 | That means the CDU's leader, Friedrich Merz, is said to become Germany's next chancellor. |
| 1:31.3 | But he'll need to team up with at least one other party for a working majority. |
| 1:36.3 | The world there out of us, and she |
| 1:40.3 | warts has said he won't govern with the number two party. |
| 1:46.0 | The far-right alternative for Deutschland or AFD had its best night ever, came in with about 20% of the vote. |
| 1:53.0 | Instead, Merz will probably look to the center-left social democrats, who finished third. |
| 2:03.8 | U.S. stocks had their worst day in two months on Friday. |
| 2:08.0 | It came on the back of some pretty gloomy economic data. |
| 2:11.1 | And the move cuts into the perceptions that Wall Street has been doing great ever since Donald Trump won the presidential election. |
... |
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