The Cruise Industry Says It's Making Progress, but There Will Be Major Hiccups Along the Way

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Cruise ships will have to plug into the electricity grid at port under new EU legislation. The ports don't necessarily have the capacity to do that and it takes a lot more effort to build out the electricity grid. There are going to be major hurdles along the way to get there, says Oliver Barnes.

The US releases the latest jobs numbers today and analysts expect the pace of positions added to have slowed in August, eurozone unemployment fell to an all-time low of 6.6% of the workforce, the cruise industry is recovering from the pandemic but the industry now faces resistance from politicians and climate activists, and US officials have told semiconductor maker Nvidia it will need special licences to sell high-end processors to Chinese customers.

Mentioned in this podcast:

US Jobs growth expected to have slowed in August

Eurozone jobless rate hits record low of 6.6% in July

The cruise ship conflict

Growing evidence that Covid-19 is leaving people sicker

US blocks Nvidia AI chip exports to China

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

Hosted on Acast. See acast.com/privacy for more information.