evbatteries

Google’s advertising revenue in the first quarter of 2023 nearly matched numbers from a year ago, tens of thousands of Sudanese refugees have crossed into neighbouring Chad, and First Republic Bank saw its shares plummet nearly 50 per cent yesterday. Plus, General Motors is diversifying its EV battery production.

Mentioned in this podcast:

Google advertising bounces back with return to revenue growth

Sudan crisis threatens to bring fresh turmoil to neighbouring Chad

Sharp sell-off in First Republic shares causes alarm in Washington

GM teams with Samsung on $3bn EV battery plant in the US

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. 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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The adoption of electric cars has been hailed as an important step in curbing the use of fossil fuels and fighting climate change. There is a snag, however: such vehicles require around six times as many metals as their gasoline-powered counterparts.

A giant storehouse of the necessary resources sits at the bottom of the Pacific Ocean. But retrieving them may, in turn, badly damage the environment.

Guest: Eric Lipton, an investigative reporter for The New York Times.

Background reading: 

• Mining in the Pacific Ocean was meant to benefit poorer countries, but an international agency gave a Canadian company access to seabed sites.
• Miles below the surface, harvesting metallic nodules may threaten animals found nowhere else on the planet.
• Here are some of the seabed authority emails and other documents The Times assembled as it worked on its investigation of seabed mining.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.