Germany’s debt brake problem
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 25 February 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US and Europe battled in the UN and G7 over whether to blame Russia for its war against Ukraine, German election winner Friedrich Merz faces serious hurdles to boosting defence spending, and Apple said it planned to hire an additional 20,000 staff in the US over the next four years. Plus, US commodities trader Archer Daniels Midland has pledged to stick with its climate commitments, despite looser regulations under President Donald Trump.
Mentioned in this podcast:
Europe and US clash over Ukraine in G7 and UN
Debt and defence worries for Friedrich Merz after AfD and far left make gains
Apple announces plans to create 20,000 US jobs in pitch to Donald Trump
ADM pledges to stick to climate goals as Donald Trump divides corporate world
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. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.6 | Good morning from the Financial Times. |
| 0:35.6 | Today is Tuesday, February 25th, and this is your FT News |
| 0:39.1 | briefing. The U.S. and Europe squared off at the UN yesterday, and Germany's incoming leader has a |
| 0:45.9 | pretty big to-do list. Plus, lots of U.S. companies are putting their sustainability projects |
| 0:51.7 | on the back burner, but not the commodities giant ADM. |
| 0:56.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:09.2 | The U.S. voted against a U.N. resolution condemning Russia's full-scale invasion of U.S. voted against a UN resolution condemning Russia's full-scale invasion of Ukraine yesterday. |
| 1:16.3 | Since Donald Trump returned to the White House, the U.S. has almost done a complete 180 on its stance on the conflict. |
| 1:23.3 | Yesterday's vote was the latest move in that turnaround. |
| 1:26.5 | Trump has been trying to negotiate with Moscow to end the war. |
| 1:29.8 | He said yesterday that he was open to forging an economic deal with Russia. |
| 1:39.8 | Friedrich Mertz might have just won Germany's high-stakes election, but he won't have a ton of time to celebrate. |
... |
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