FT News Briefing Diesel vs Doughnuts
Sep 14, 2021
China's controversial anti-fraud app is probing users who access overseas financial news, raising questions about online surveillance. Meanwhile, Brazil makes headlines with its first openly gay state governor entering the presidential race. The food industry feels the pinch as rising oil prices affect baking companies, spotlighting the ongoing food vs. fuel dilemma. Additionally, challenges arise for oil companies trying to secure sustainable diesel feedstocks, and the conservative social network Parler is rising from the ashes.
AI Snips
Chapters
Transcript
Episode notes
China Monitors Financial News
- Chinese police use anti-fraud app to question people who read overseas financial news.
- One Shanghai user was questioned about overseas contacts after visiting a U.S. news site.
Brazil's Third Way Candidate
- Eduardo Leitchi, Brazil's first openly gay governor, is running for president.
- He's a center-right candidate appealing to the liberal economic elite as a third way.
Diesel vs. Doughnuts
- Renewable diesel production is increasing soybean oil demand, impacting food companies.
- Krispy Kreme's CEO noted unprecedented price spikes, and smaller bakeries fear oil shortages.