FT News Briefing

Georgia’s disputed election

Oct 28, 2024

10:42

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Ben Hall, the FT’s Europe editor, provides an insightful analysis of the disputed election in Georgia, where allegations of fraud have sparked opposition protests and calls for EU integration. Nick McGaw, the FT’s U.S. Capital Markets correspondent, discusses how U.S. tax regulations are forcing investment funds to offload tech shares to avoid penalties. The conversation also delves into the potential repercussions of Donald Trump’s trade policies on European markets, highlighting the challenges posed by concentrated stock investments amidst market volatility.

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Quick takeaways

Iran's response to recent Israeli strikes indicates a cautious approach aimed at avoiding regional escalation while maintaining a narrative of victory.

The disputed election outcome in Georgia has ignited public protests against the ruling party, highlighting a national desire for EU alignment over Russian influence.

Deep dives

Iran-Israel Tensions and Potential De-escalation

Recent military strikes by Israel targeting Iranian facilities may not escalate into a full-blown conflict, as indicated by Iran's response. Supreme Leader Ayatollah Ali Khamenei has avoided direct threats of retaliation, suggesting a more restrained approach from Tehran. While the strikes reportedly caused limited damage, Iranian state media has framed the situation as a victory. This shift could reflect Iran's interest in avoiding an escalation that might lead to greater regional instability and conflict with Israel.

Intro

5min

Political and Economic Impacts of Potential U.S. Tariffs on Europe

2min

Navigating IRS Tax Regulations for Investment Funds

2min

Navigating Investment Risks in a Concentrated Market

3min

Iran has signalled that it will pursue a measured response to Israel’s latest strikes, and Georgia’s opposition has called for protests after the ruling Georgian Dream party claims victory. Plus, the possibility of Donald Trump’s trade war has hit the shares of export-sensitive European companies, and large investment funds are being forced to offload their shares in tech companies, or risk breaking US tax rules.

Mentioned in this podcast:

Iran’s supreme leader signals measured response to Israel’s attack

Vladimir Putin’s battle to keep Georgia in Russia’s orbit

Georgia’s opposition calls for protests as election outcome is disputed

European stocks hit by ‘Trump effect’ as odds tilt towards Republican win

Tech boom forces US funds to dump shares to avoid breach of tax rules

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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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