Facebook Is Facing a Turning Point in Its History

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This could be the first quarter that we've ever seen face books revenue decline year on year. Russia yesterday said it will slash gas supplies through its largest pipeline to germany to 20 % of capacity. This comes after a similar dramatic reduction last month by russia state energy group, gas prom. And it further threatens europe's energy supplies ahead of the winter. Also yesterday an index of german business confidence fell to its lowest level in more than two years.

US Big Tech companies are set to release quarterly earnings this week, German business confidence hits a two-year low, and French satellite operator Eutelsat has confirmed it is in discussions to acquire smaller British rival OneWeb in an all-share deal. Plus, cities are especially vulnerable to this summer’s record hot temperatures.

An early version of this podcast stated the UK left the European Space Agency when actually, the UK remains a full member of ESA which is a non-EU organisation. We regret the error and have removed it from the podcast.

Subscribe to the FT News Briefing on Apple Podcasts or Spotify

Mentioned in this podcast:

Eutelsat shares tumble after confirming OneWeb deal talks

German recession looms as business confidence slumps to two-year low

Can cities adapt to an era of extreme heat?

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. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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