FT News Briefing Hizbollah’s murky path forward
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Feb 11, 2025 PwC China faces chaos after losing over 60 partners due to a ban linked to the Evergrande audit. The discussion dives into the fallout from Donald Trump’s steel tariffs and how they shaped industry dynamics. Meanwhile, tensions grow as Hamas delays the release of hostages. Hezbollah finds itself in a precarious position, facing military setbacks and needing to rebuild support from its community amidst financial challenges. The use of cash and WhatsApp groups for mobilization highlights its strategic adaptations.
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PwC China's Troubles
- PwC China faces partner exodus after a botched Evergrande audit and a resulting ban.
- The firm struggles to retain clients like Alibaba and Tencent, signaling trouble.
Trump's 2018 Tariffs
- Trump's 2018 steel and aluminum tariffs led to higher U.S. metal prices and retaliatory tariffs from other countries.
- The tariffs impacted car manufacturers' earnings and caused supply chain shifts.
Hezbollah's Rebuilding Efforts
- Hezbollah, weakened after its worst defeat against Israel and Nasrallah's assassination, needs to rebuild support.
- The group is compensating residents for war damages, but some express dissatisfaction with the amounts.