FT News Briefing - Financial Times

Latest Episodes:

Johnson says prepare for no-deal Brexit, Airbnb IPO, EU’s threat to Big Tech Dec 11, 2020

Show notes

Boris Johnson has warned Britain to prepare for a no-deal Brexit, and Airbnb shares more than doubled on their first day of trading on Thursday. Plus, the FT’s Brussels correspondent, Javier Espinoza, explains why the EU is giving Big Tech companies an ultimatum when it comes to policing the internet.

Correction: A previous version of this episode referred to Netscape as Microsoft's browser when it was in fact a rival. Internet Explorer is Microsoft's browser.

Boris Johnson warns Britain to prepare for no-deal Brexit

https://www.ft.com/content/c112b53b-9dc7-462d-b50a-523ce1d42b23

Airbnb soars on debut in latest IPO bounce

https://www.ft.com/content/a1c5cc26-b224-470a-84fe-8a6575fd33dc

EU to tell Big Tech to police internet or face large fines

https://www.ft.com/content/72371610-4820-44c0-a955-4a19e430d343

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Deadline set for Brexit talks, Facebook hit with antitrust lawsuits, DoorDash floats Dec 10, 2020

Show notes

Boris Johnson and the EU have set a Sunday deadline for a “firm decision” on the fate of their future-relationship negotiations, the US Federal Trade Commission and 46 states have brought antitrust cases against Facebook, and DoorDash reached a market value close to $60bn in its public trading debut. Plus the FT’s global media editor, Alex Barker, looks at whether Disney’s push into streaming is enough to save the business.

Sunday deadline set for ‘firm decision’ on Brexit talks

ft.com/content/fb655185-c89e-4a1b-948f-fbe97176c891

US sues Facebook for ‘years-long’ abuse of monopoly power

ft.com/content/5c03ac0f-7122-4c31-97a5-ecab3928a038

DoorDash shares open up 80% amid IPO frenzy

ft.com/content/c9f8f03f-6b82-4828-84e2-7ac25966b7d1

Disney faces digital dilemma despite streaming success

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Shell’s clean energy departures, Starbucks' bullish goals, US anti-money laundering overhaul Dec 09, 2020

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Starbucks chief executive Kevin Johnson says the company will continue to grow despite the pandemic, Congress looks to approve the first overhaul of US anti-money laundering laws in decades, and Japan has launched a stimulus package to help speed up the country’s recovery from Covid-19. Plus, the FT’s senior energy correspondent, Anjli Raval, discusses the recent executive exodus at Royal Dutch Shell.

Shell executives quit amid discord over green push

ft.com/content/053663f1-0320-4b83-be31-fefbc49b0efc?

As thousands of small coffee shops shut, Starbucks’ boss is bullish

ft.com/content/ab959c91-7ef2-44d7-bf8c-d03718ae5393

US to shift burden from banks in overhaul of money laundering laws

ft.com/content/498493c4-a138-4e5d-b926-a86ae317b8f4

Suga launches $294bn stimulus to boost Japan’s coronavirus recovery

ft.com/content/2c927471-849c-4635-8844-31b12b91b613

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Johnson and Von der Leyen to meet on Brexit, Uber abandons plans for its own self-driving car, China’s overseas lending Dec 08, 2020

Show notes

Boris Johnson is to travel to Brussels for make-or-break talks on a UK-EU trade deal, Uber will swap its self-driving car operations for a minority stake in Aurora, and China has drastically curtailed the overseas lending programme of its two largest policy banks. Plus, the FT’s Guy Chazan explains why there is so much at stake for Europe and German chancellor Angela Merkel during this week’s EU summit.

Johnson to go to Brussels in search of way out of Brexit stalemate

https://www.ft.com/content/0317430c-015c-4848-8689-8ec4066dad52?

Uber abandons effort to develop own self-driving vehicle

https://www.ft.com/content/e55ce767-0ede-4096-aa3b-1d26671f3772?

China curtails overseas lending in face of geopolitical backlash

ft.com/content/1cb3e33b-e2c2-4743-ae41-d3fffffa4259?

Angela Merkel faces final challenge at EU summit

https://www.ft.com/content/58866070-51df-4386-be3f-58738a23996c?

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Brexit trade talks on a knife-edge, Brussels urged to heed climate science, Covid vaccines in India Dec 07, 2020

Show notes

Britain’s trade talks with the EU were on “a knife-edge” on Sunday, Brussels has been urged to stick to climate science when drawing up rules on sustainable finance, and doses of the coronavirus vaccine developed by AstraZeneca and the University of Oxford could be available for purchase in India as soon as March. Plus, the FT’s Brussels bureau chief, Sam Fleming explains how the UK’s departure from the EU will affect Europe.

UK trade talks with EU on knife edge, says Irish premier

https://www.ft.com/content/af0a4b76-66ad-4166-b743-e190327fe42e

Brussels urged to heed climate science in sustainable finance rules

https://www.ft.com/content/3b017b2b-e8a5-4ea0-b7d0-c96337e33e5f

Covid vaccines will be available for private purchase in India

ft.com/content/224b13fb-1d7d-4250-a6c6-1535b30496bc?edit=true

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Brussels’s EU budget warning, Macron complicates Brexit deal, the ‘everything’ market rally Dec 04, 2020

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EU budget commissioner Johannes Hanes has warned Poland and Hungary that Brussels could cut them out of its recovery fund, British officials accused France of making new Brexit demands at the eleventh hour on Thursday, and Boeing clinched its first firm order for the 737 Max since the aircraft was grounded 20 months ago. Plus, the FT’s global financial correspondent, Robin Wigglesworth, explains what has been fuelling the rally in global equities and whether it can be stopped.

Brussels warns Poland and Hungary they cannot stop EU recovery fund

ft.com/content/50d9731d-c5cd-4fa7-9626-7a0f2f2d62d8

Tough Macron stance leaves Brexit deal hanging in balance

ft.com/content/7a679982-abef-4f9a-8a55-e06588e7b770

Boeing clinches first firm order for 737 Max since aircraft’s grounding

https://www.ft.com/content/2c32696e-56fc-43a5-b3d4-49daa169bcbd

The ‘everything rally’: vaccines prompt wave of market exuberance

ft.com/content/d785632d-d9a0-45ae-ae57-7b98bb2fb8d6

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Democrats support US stimulus plan, China invests in US tech, reaction to UK vaccine approval Dec 03, 2020

Show notes

Top Democrats have expressed support for a $908bn stimulus plan offered by a bipartisan group of US senators, the UK has become the first country to approve a Covid-19 vaccine, and Chinese state-backed funds are still scouring the US for investments in critical technologies despite stiffer restrictions on such deals. Plus, the FT’s West Africa correspondent, Neil Munshi, explains why Nigeria’s richest residents are investing heavily in Africa’s biggest economy.

Top Democrats signal willingness to compromise on stimulus

https://www.ft.com/content/8787eb59-642e-4a93-af5b-59f13afa3e6d

UK set for Covid vaccinations ‘next week’ after regulatory approval

https://www.ft.com/content/c60f49c1-34c8-4cd0-b295-87f35c70bc04

Chinese state-backed funds invest in US tech despite Washington curbs

ft.com/content/745abeca-561d-484d-acd9-ad1caedf9e9e

Nigeria’s richest plough money into Africa’s biggest economy

https://www.ft.com/content/c5b98699-a5bb-49b2-8436-4a7edf314b87

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Airbnb IPO pricing, EU squeezes UK in Brexit talks, Brazil's economy during the pandemic Dec 02, 2020

Show notes

Airbnb disclosed on Tuesday that it could raise as much as $2.5bn in its initial public offering, and Brussels is still holding back on granting Britain a whole collection of Brexit rights and regulatory waivers. Plus, the FT’s Latin America editor, Michael Stott, explains why Jair Bolsonaro’s monthly subsidy to Brazilians is a double-edged sword.

Airbnb looks to raise up to $2.5bn in IPO

ft.com/content/c5450812-c45d-4833-a99f-22a390e5d3e4

EU keeps UK guessing on post-Brexit rights

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Understanding eurozone inflation, Zoom sales up, Mnuchin and Powell testify before US Congress Dec 01, 2020

Show notes

The cost of many popular goods and services in the eurozone is rising far faster than the bloc’s overall depressed level of inflation, the video conferencing company Zoom continued to ride the boom in working and learning from home, and Eurozone finance ministers have struck an agreement to revamp the bloc’s bailout fund. Plus, the FT’s James Politi explains what is in store as Federal Reserve chair Jay Powell and US Treasury secretary Steven Mnuchin appear before the US Congress.

Eurozone consumers hit by rising goods costs despite negative inflation

https://www.ft.com/content/e8a10dff-ca00-4bd0-8909-a62b51e498af?

Zoom sales up fourfold as pandemic keeps workers at home

https://www.ft.com/content/3f388aac-9e41-4ce4-bc30-187bad688d8a?

Eurozone finance ministers strike deal over bailout reform

https://www.ft.com/content/827f3d0c-ff1d-417e-bdc9-afd55be003b0

Jay Powell frets over US economy despite good news on a vaccine

ft.com/content/0b526c01-67e2-411c-ad8c-5ab362515047

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EU pitches post-Trump alliance with US, Covid-19 vaccine rollout, Lam’s cash problem Nov 30, 2020

Show notes

The EU will call on the US to seize a “once-in-a-generation” opportunity to forge a new global alliance, the first coronavirus vaccine is on track for international deployment within weeks, and Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions. Plus, the FT’s Helen Warrell explains how the UK is trying to position itself as a global leader in defence.

EU pitches new post-Trump alliance with US in face of China challenge

https://www.ft.com/content/e8e5cf90-7448-459e-8b9f-6f34f03ab77a

International rollout of Covid-19 vaccine on track for next month

https://www.ft.com/content/093d5005-ea9f-4c87-8db3-bae0e93d5102

Hong Kong’s leader has ‘piles of cash’ at home after US sanctions

https://www.ft.com/content/0f9f0e98-faac-4ecd-8896-8cda3746a920

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