FT News Briefing The humanitarian crisis worsens in Gaza
Dec 7, 2023
In this discussion, the humanitarian crisis in Gaza escalates as civilians face dire circumstances and dwindling evacuation options. The podcast also delves into the economic fallout from this conflict, including China's credit outlook and its potential global repercussions. Furthermore, the urgency of financial support for Ukraine's defense is emphasized, highlighting the risks of aid disruptions amid rising political tensions in the country. Meanwhile, oil prices plummet, adding to the complexity of the current geopolitical landscape.
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Moody's Fears China's Retaliation
- Moody's downgraded China's credit rating and advised staff to work from home.
- They feared retaliation, similar to raids on Cap Vision and Bain, after criticism from Chinese officials.
Gaza's Dwindling Safe Havens
- Palestinians in Southern Gaza are running out of safe places due to Israel's shifting attacks.
- Limited shelter options, like Rafah or an unprepared coastal strip, offer little refuge amidst worsening conditions.
Oil Prices Fall Despite OPEC Cuts
- Oil prices hit a five-month low despite OPEC+ production cuts.
- Investors doubt the cartel's commitment or foresee internal pushback, like from Angola.