Nissan pushes CEO out
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 12 March 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans.
Mentioned in this podcast:
Ukraine says it is willing to accept 30-day US-brokered ceasefire
Wall Street sell-off pulls S&P 500 into correction territory
Nissan pushes out chief Makoto Uchida after collapse of Honda merger talks
Big banks play catch-up with fintech start-ups in deferred payments
Leavitt clip: C-SPAN
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. |
| 0:35.5 | Today is Wednesday, March 12th. |
| 0:38.9 | And this is your FT News briefing. |
| 0:46.8 | U.S. equities were all over the place on Tuesday, and Nissan is paving the way for a new CEO. |
| 0:56.1 | Plus, Citigroup is trying to dominate the buy-now pay later field, but it's kind of like, you know, blockbuster trying to go into streaming, right? This isn't their main business. I'm Mark Filipino, and here's the news you |
| 1:00.7 | need to start your day. |
| 1:21.0 | Thank you. It was like we saw two completely different stock markets yesterday. In the first part of the day, |
| 1:26.9 | the S&P 500 entered correction territory, meaning it had fallen 10% since its peak that it hit less than three weeks ago. |
| 1:28.7 | The correction came after the U.S. announced it would double the tariffs on steel and |
| 1:32.8 | aluminum imports from Canada. White House Press Secretary Caroline Levitt defended the moves. |
| 1:38.5 | First of all, when it comes to the stock market, the numbers that we see today, the numbers we |
| 1:42.4 | saw yesterday, the numbers we will see tomorrow, are a snapshot of a moment of time. And as President Trump has said, |
... |
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