Unilever’s CEO gets the boot
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 26 February 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Kyiv has agreed terms with Washington on a minerals deal, and finance ministers from many of the world’s largest economies are poised to skip Group of 20 meetings in South Africa this week. Plus, Unilever is replacing its chief executive and the FT’s Hannah Murphy explains why Silicon Valley is veering to the conservative right.
Mentioned in this podcast:
Unilever ousts chief Hein Schumacher after less than two years
Tech titans stand with Donald Trump to kill off activism in Silicon Valley
Ukraine agrees minerals deal with US
Top finance ministers snub G20 as global co-operation comes under strain
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katyha Kumkova, 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 to |
| 0:23.3 | over 7 million UK households. We're an energy company searching for better. Equinor.com. |
| 0:29.0 | UK. |
| 0:33.6 | Good morning from the Financial Times. Today is Wednesday, February 26th. |
| 0:37.9 | And this is your FT News briefing. |
| 0:39.9 | The U.S. and Ukraine have struck a deal on minerals, and Unilever's chief executive is headed |
| 0:45.0 | towards the exit. |
| 0:46.6 | Plus, Silicon Valley used to be a bastion of liberal ideals. |
| 0:50.4 | Today, not so much. |
| 0:52.0 | You've certainly seen most, if not all of those tech titans, come out and support Trump in a way that they did not do during his previous term. |
| 1:03.1 | I'm Mark Filipino, and here's the news you need to start your day. Ukraine has agreed to a minerals deal with the U.S. |
| 1:17.5 | The specifics are kind of vague, but a final version says that it would create a fund |
| 1:22.1 | where Ukraine would contribute earnings from the future development of mineral resources, |
| 1:26.6 | including oil and gas. The fund would |
| 1:29.1 | then invest in Ukrainian projects. The U.S. has also committed to backing Ukraine's economy. |
| 1:35.0 | The one big thing missing from the agreement, however, is any sort of U.S. security guarantee. |
| 1:41.6 | Officials in Kiev hope this deal will be a first step towards that and help smooth |
| 1:45.7 | over ties with Washington. Now, there are still a few details that need to be ironed out before the deal |
| 1:51.2 | is signed. U.S. President Donald Trump and his Ukrainian counterpart, Volatomir Zelensky, |
... |
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