FT News Briefing - Financial Times

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Mysterious trades, Suez Canal ripples, Amazon union vote Mar 29, 2021

Show notes

The private investment firm Archegos Capital was behind billions of dollars worth of share sales that captivated Wall Street on Friday, the head of the Suez Canal Authority has warned that there is no timeline for freeing the 220,000-tonne container ship that has blocked one of the main arteries of global trade, and Amazon workers in Bessemer wrap up a potentially historic unionization vote.

Traders brace after fire sale of stocks linked to Archegos

https://www.ft.com/content/2542af81-9e93-4d05-a0b9-26c0f6aab6f3

Suez Canal head warns stricken cargo ship may need unloading

https://www.ft.com/content/d452362c-b38d-4786-a2fb-14254df49dec

The ultimate David and Goliath story: the fight to open a union at Amazon

https://www.ft.com/content/a7ee3ec0-f59d-4188-899f-34ceecf7f026?

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EU leaders clash over vaccines, UK debt, Ant Group fees Mar 26, 2021

Show notes

European leaders clash over vaccine distribution at a marathon virtual summit, holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, Jack Ma’s Ant Group demands bigger fees to rebuild valuation after pulled IPO, and comfort foods like doughnuts and mac and cheese proved popular during the pandemic.

EU leaders clash over vaccine distribution in tense summit

https://www.ft.com/content/486a65fe-0608-4230-b9d5-c990f10d5be8

Investors in UK government bonds suffer worst quarter for two decades

https://www.ft.com/content/0ea28218-7296-4b09-9cae-4b84a27a9e0c

Jack Ma’s Ant demands bigger fees to rebuild valuation after pulled IPO

https://www.ft.com/content/e6d0dffe-a691-484e-9c3e-434d1553a3d6

Pandemic comfort food offers too much solace

https://www.ft.com/content/74497d5f-4bf4-4031-b424-b70a4547d23c?

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EU-UK vaccine tensions, grounded ship blocks Suez canal Mar 25, 2021

Show notes

British and European officials on Wednesday issued a joint statement saying they’d discussed developing a “reciprocally beneficial relationship” to tackle Covid-19, after a top official in Brussels accused the UK of “vaccine nationalism”; a grounded container ship has blocked traffic in one of the world’s most critical shipping passages; and the rush to produce hydroelectric power in the Himalayas is adding to a crisis already exacerbated by climate change.

UK and EU move to calm tensions over access to vaccines

https://www.ft.com/content/da800a0d-cd27-48d1-a06f-d0c49599c5d2

Suez Canal blocked after huge container ship runs aground

https://www.ft.com/content/eec9f3a6-2817-45f5-b007-a290f3e530c6

Facebook says Chinese hackers tried to spy on Uyghur dissidents

https://www.ft.com/content/70b94c78-474a-475a-b242-924f6b11929f

Crisis in the Himalayas: climate change and unsustainable development

https://www.ft.com/content/387f5b4d-69cd-45f6-b0fc-69d659381109

Nationwide to allow all office-based employees to ‘work anywhere’

https://www.ft.com/content/b4692568-0f60-4a32-9f86-fad222f319ff?

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EU-China diplomatic row imperils market access deal Mar 24, 2021

Show notes

The escalation of a diplomatic row between the EU and China could imperil a market-access deal meant to be the cornerstone of future relations between Brussels and Beijing, Facebook’s CEO prepares for a grilling by US lawmakers over misinformation, and the Wall Street asset management group BlackRock has pushed for more diversity but now faces criticism for lack of an inclusive workplace.

Sanctions row threatens EU-China investment deal

https://www.ft.com/content/6b236a71-512e-4561-a73c-b1d69b7f486b?

Facebook: the billion dollar bot problem

https://www.ft.com/content/5242c34f-f7fc-4005-9b49-49674cedeb71

BlackRock under pressure to live up to its promises on diversity

https://www.ft.com/content/6476e681-4154-43a6-93e4-f5c86ae30dd9

The battle for the pub at the end of the world

https://www.ft.com/content/01fd588f-ad0a-4fe2-a370-78d1169fcd28

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Turkey investors shaken by central bank governor firing Mar 23, 2021

Show notes

Investor confidence in Turkey is shaken by the shock dismissal of the head of the central bank and the appointment of a new central banker with unorthodox ideas on how to tackle the country’s economic challenges, the increased production of the Covid-19 vaccine is creating shortages of other medicines, and Goldman Sachs bows to workplace complaints by junior bankers.

Turkey’s lira tumbles after Erdogan sacks central bank chief

https://www.ft.com/content/6be3efd1-a8e9-47a8-abac-966db2d3cf93

Push to make Covid vaccines causes US drug shortages

https://www.ft.com/content/b3ac261e-2675-4679-9356-53aa6d812ad7

David Solomon commits to Saturdays off for Goldman Sachs bankers

https://www.ft.com/content/58ca979f-3110-4613-8f85-81d8704cd4ad

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Global equities surge, Broadway woes, India tries to tackle job shortage with new hiring rules Mar 22, 2021

Show notes

Investors have injected almost $170bn into global stocks over the past month, Broadway’s theatre workers are still waiting for curtains to lift, and India’s job shortage prompts the northern state of Haryana to adopt new rules that require companies to hire residents from that state.

Investors inject almost $170bn into global stocks in 4 week

https://www.ft.com/content/88ab1525-02d3-4cf7-83ef-cfc00322d2b3?

Outlook darkens for Europe’s virus-stricken economy

https://www.ft.com/content/e818cea3-998f-4eef-ac0f-8f11894ac9af

A year without Broadway

https://www.ft.com/content/e79fa5e2-146a-4112-99d6-410f5d40778f

Hiring quotas the latest headache for companies investing in India

https://www.ft.com/content/e09ccb12-57bc-414d-9318-8ed48dfffe6f

Berlin theatres stage comeback with Covid-compliant initiative

https://www.ft.com/content/a728eafd-e595-46d8-a568-2fdee4fde01d

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EU countries to restart AstraZeneca use, Biden's hardline on China, airline lift-off Mar 19, 2021

Show notes

Europe’s biggest countries are set to resume using the Oxford/AstraZeneca coronavirus vaccine after the EU drugs regulator said the jab was safe, and the US is taking a tough stance as members from the Biden administration meet with Chinese officials in Alaska. Plus, the FT’s markets editor, Katie Martin, explains why investors are reboarding airline stocks.

EU drugs regulator backs ‘safe and effective’ AstraZeneca vaccine

https://www.ft.com/content/c83944d5-ad26-415f-bf34-1eba428beeb9

US signals tough stance ahead of first meeting with China

https://www.ft.com/content/b8af8a5b-591d-4721-8a6c-4da5481f3348?

Airlines tap stock and bond markets as they prepare for surge in bookings

https://www.ft.com/content/2a4d69a9-3f3d-4e0e-8e82-6794bca1888a

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Fed upgrades growth forecast, how Stripe became Silicon Valley’s most valuable company Mar 18, 2021

Show notes

Federal Reserve officials sharply upgraded their growth forecasts for the world’s largest economy, and Microsoft is investigating a recent cyber attack and whether security companies that it works with leaked details about vulnerabilities in its software. Plus, the FT’s global tech correspondent, Tim Bradshaw, explains how Stripe became Silicon Valley’s most valuable private company.

Fed sharply upgrades US growth forecast to 6.5% for 2021

https://www.ft.com/content/3d7704d3-a312-4294-95bc-90233f469ccd

Microsoft investigating security groups for leaks to hackers

https://www.ft.com/content/171e9ea6-96d7-4ffa-ad9f-6ed6a7ddb118?

How Stripe became Silicon Valley’s most prized asset

https://www.ft.com/content/9bfda026-df9d-42e4-8679-c26a072e0522

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EU to propose Covid-19 travel certificate, EU and US drift apart economically Mar 17, 2021

Show notes

Brussels is to propose the creation of a Covid-19 certificate to allow EU citizens to travel inside the bloc, and the UK’s Financial Conduct Authority is bringing money laundering charges against NatWest. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, explains how the economies of the US and EU are drifting apart.

Brussels to propose Covid certificate to allow EU-wide travel

https://www.ft.com/content/ed6e9de4-f48e-4d74-97d1-ee80ab8f1a2f

FCA brings money laundering charges against NatWest

https://www.ft.com/content/df2aea12-265e-4a71-aead-bef65eb78ec7

Mind the economic gap: Europe and the US are drifting further apart

https://www.ft.com/content/0e9396cf-13b2-4034-ab09-c2366c264f91

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China’s tech giants test way around Apple’s new privacy rules, US airline CEO optimism Mar 16, 2021

Show notes

US airlines are optimistic about the industry after more people flew in the US this past weekend than any time since the start of the pandemic, and companies are turning to tree planting to appeal to eco-conscious consumers.

Plus, the FT’s Patrick McGee explains why some of China’s biggest technology companies are testing a tool to bypass Apple’s new privacy rules.

China’s tech giants test way around Apple’s new privacy rules

https://www.ft.com/content/520ccdae-202f-45f9-a516-5cbe08361c34

US airline chiefs express optimism after busy spring travel weekend

https://www.ft.com/content/08f16182-a8ef-495a-a249-90b68f096e36

Saplings fly off the shelves as consumer brands turn green

https://www.ft.com/content/522e9f1e-711d-40c0-b265-2998c9194fd3?

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