FT News Briefing - Financial Times

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Palantir sales growth cheers Wall Street, Poland threatens EU budget, Denmark mink culling Nov 13, 2020

Show notes

Data analytics company, Palantir, beat Wall Street forecasts in its first quarterly earnings since going public, the US Senate is preparing to vote on Judy Shelton, Donald Trump’s nominee to the Federal Reserve board, and Poland’s prime minister warns that his country’s parliament could shoot down the EU’s next seven-year budget. Plus, the FT’s Nordic and Baltic correspondent, Richard Milne, explains why Denmark is backtracking on its order to kill millions of mink.

Palantir sales growth cheers Wall Street in debut earnings

https://www.ft.com/content/9fdbf565-8be3-4972-8f8f-4cad3dda5101

Senate prepares to vote on Trump’s Fed board nominee Judy Shelton

https://www.ft.com/content/4c146684-b364-4966-849a-acfcd7bd9ded

Poland threatens EU budget over linking funding to rule of law

https://www.ft.com/content/d8dfda2c-a811-4749-9bf2-3a0dde626fed?

Denmark’s mink farmers count cost of botched cull

https://www.ft.com/content/9e518316-6422-41f3-8873-8a75754b2eef

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Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira Nov 12, 2020

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Boris Johnson’s director of communications resigned on Wednesday night following a bitter Downing Street power struggle, the European Central Bank will keep financing costs exceptionally favourable in the eurozone until the economy recovers from the pandemic, and TikTok wrestles with its US divestment deadline. Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management.

Key Johnson aide quits in Downing St power struggle

https://www.ft.com/content/2c431395-021b-471d-878c-3ab342304745

ECB set to expand bond-buying and cheap loans, Lagarde signals

https://www.ft.com/content/3fc692fe-a79d-447f-9dec-42c171dc9a53?

TikTok challenges Trump order ahead of US divestment deadline

https://www.ft.com/content/218bccaf-6b74-475c-a374-9a0a89ca3d29

Turkey’s Erdogan vows to win ‘trust’ of investors after lira plunge

https://www.ft.com/content/fc0be85d-eba8-4172-9d38-d8b6f5fa0e8e

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Trump’s resistance, Lyft weighs delivery business, EU hits Amazon with antitrust charges Nov 11, 2020

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Republicans have grown more assertive in giving cover to Donald Trump’s false claims that the US presidential election was stolen from him, Lyft has said it was in the “early days” of building a delivery business to take on Uber Eats and others, SoftBank is considering moving its Vision Fund unit to Abu Dhabi, and the European Union is hitting Amazon with antitrust charges. Plus, the FT’s Leila Abboud explains why European small shopkeepers are frustrated with the latest set of coronavirus lockdowns.

As Joe Biden’s margin of victory grows, so does Republican resistance

https://www.ft.com/content/d0c09d30-6f1c-4978-bbb7-44e1f93e9a39

Lyft weighs getting into delivery business as it works to bounce back

ft.com/content/b340f34e-d16a-4388-99cf-eacb00df8389

SoftBank’s Vision Fund unit considers move to Abu Dhabi from UK

https://www.ft.com/content/22eddefb-adab-4188-9de7-33533f6d571e

EU accuses Amazon of breaching antitrust rules

https://www.ft.com/content/4908995d-5ba4-4e14-a863-bcb8858e8bd2

Europe’s shopkeepers on the warpath over lockdowns

https://www.ft.com/content/3fc8ba69-9a2c-4f19-ac79-ce310c8d6507

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Covid vaccine lifts stocks, Nikola’s legal bills pile up, India takes aim at Google Nov 10, 2020

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A breakthrough in the race to find a vaccine for Covid-19 fuelled a broad global equity rally on Monday. The FT’s Joe Miller explains what this means for managing the pandemic. Plus, India’s competition watchdog has ordered an in-depth investigation into the tight links between Google’s mobile app store and its payment service, and electric truck start-up Nikola has acknowledged for the first time that it is under investigation by the US Department of Justice in the wake of fraud allegations.

Pfizer and BioNTech’s Covid-19 vaccine found to be 90% effective

https://www.ft.com/content/9bde4bff-acf0-4c2a-a0d0-5ed597186496

Nikola reveals escalating legal bill after fraud claims

https://www.ft.com/content/51c9de3f-7e08-4740-8a50-4f301d8ca9ae

India’s competition watchdog orders Google investigation

https://www.ft.com/content/f0709021-0fdb-4f0a-a85e-c807ab364ebe

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Biden looks to unite Democrats, future of UK-US trade, Westfield threatens tenants Nov 09, 2020

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President-elect Joe Biden will face a power struggle between liberal and progressive Democrats, and how will a Biden administration handle a trade deal between the US and the UK? The FT’s Sebastian Payne and Aime Williams explain how the internal market bill plays an important role. Plus, shopping centre landlord Westfield is threatening tenants with legal action over unpaid rents.

Biden faces power struggle between Democratic progressives and moderates

https://www.ft.com/content/e922ddea-6665-4231-89a3-ffdbfd0fc009

Westfield threatens chains including Pret over rent arrears

https://www.ft.com/content/40596f51-cef7-41b7-a36f-cddebb870be5

Lords defeat of Brexit bill will put government on track for Biden clash

https://www.ft.com/content/874ef7b6-91f9-4f5e-b2ae-5a3def68e250

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Biden edges towards victory, Bank of England stimulus, Uber earnings miss Nov 06, 2020

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Joe Biden edged closer to a presidential victory on Thursday night while Donald Trump claimed without evidence that the Democrats were trying to “steal” the election. Plus, the Federal Reserve kept monetary policy steady, the Bank of England took more robust measures as the UK entered a second coronavirus lockdown, and Uber missed Wall Street’s expectations on earnings in the third quarter despite reporting an uptick in its ride-sharing business.

Donald Trump calls for vote counting to stop as US awaits result

https://www.ft.com/content/b922453a-166c-446f-a50e-6727309b8375

Federal Reserve keeps monetary policy steady as Covid cases rise

https://www.ft.com/content/3b577f14-c638-4536-aeb0-f63508e7e295

Bank of England launches £150bn stimulus to boost consumer spending

https://www.ft.com/content/18ade542-d2a9-438a-ba5c-37b51475993b

Uber and Lyft in driving seat to remake US labour laws

https://www.ft.com/content/78e619f4-fabe-4077-a51a-491e24492263

Uber claws back business as lockdowns ease but misses Wall Street target

https://www.ft.com/content/933458fc-4bd8-407f-be0f-6467e83b6173

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Biden holds lead over Trump, US leaves Paris climate agreement Nov 05, 2020

Show notes

Joe Biden won Wisconsin and Michigan on Wednesday in two critical victories that boosted his chances of winning the presidential election while the Trump campaign launched lawsuits to delay vote counting. Meanwhile, investors are now changing course after Democrats missed an opportunity for a blue wave. Plus, the FT’s environment correspondent, Leslie Hook, explains how the outcome of the election is crucial for global efforts to tackle climate change.

Biden boosted by Wisconsin and Michigan wins as count drags on

https://www.ft.com/content/874f4401-aa3f-46c0-b4ca-2d06066c1f7e

Investors hold their poise in face of knife-edge US election result

https://www.ft.com/content/732afbb8-af6f-4bfa-9cd2-e7dab82873af

US formally withdraws from Paris climate agreement

https://www.ft.com/content/54f600e0-183f-41fd-8d4b-69ab4403e331

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US ballot count continues, Ant IPO stalls Nov 04, 2020

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The US presidential election appeared to be headed towards prolonged uncertainty as critical battlegrounds continued to count mail-in ballots. The FT’s Peter Spiegel reports on the early morning results, and Andrew Edgecliffe-Johnson explains what it means for business.

Plus, China has suspended the $37bn listing of Ant Group, which had been set to become the world’s largest IPO. Our Asia capital markets correspondent, Hudson Lockett, explains what happened.

Follow the FT’s US election coverage

https://www.ft.com/us-presidential-election-2020

Trump’s corporate trouble: CEOs keep their distance from the party of business

https://www.ft.com/content/f74f00db-decc-4fb2-8c86-e95dd0b0d42e

China halts $37bn Ant Group IPO, citing ‘major issues’

https://www.ft.com/content/c1ee03d4-f22e-4514-af46-2f8423a6842e

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US election day voting, investors eye the candidates, Nvidia-Arm China deal in trouble Nov 03, 2020

Show notes

US election day begins as Americans brace themselves for what could be a drawn-out result, Nvidia’s $40bn deal for the UK-based chip designer Arm is facing fresh problems in China, and Volkswagen will be within only “a gram or so” of tough new EU carbon emission limits. Plus, the FT’s US capital markets correspondent, Richard Henderson, explains which policies from Mr Trump and Joe Biden are most appealing to investors.

Democrats fight back as Trump pledges to challenge result in court

https://www.ft.com/content/fd0ed792-2945-48a1-a896-efd0ecc7586f

Trump vs Biden: 4 policy plans US stock investors are watching

https://www.ft.com/content/4930af61-c51a-4782-a1cd-a0cd1a9a0cde?shareType=nongift

Battle at Arm China threatens $40bn Nvidia deal

ft.com/content/49889c43-70b8-45d7-b0b0-44e98d3bf89f?

Volkswagen within ‘a gram’ of compliance with EU carbon targets

ft.com/content/b8751714-fe99-4cd6-9935-2fb4ad9929f4?

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Eurozone economic forecast sinks, UK businesses plea support, aerospace and Brexit Nov 02, 2020

Show notes

Fresh lockdowns in Europe announced have triggered a flurry of downgrades to economic growth forecasts, and UK business leaders have called for more financial help from the government to support crisis-hit companies. Plus, the FT’s Peggy Hollinger explains how Brexit will affect an already hard hit aerospace industry.

Eurozone economic forecasts slashed as fresh lockdowns imposed

https://www.ft.com/content/3269f590-1cac-411f-8320-110c91c1f12e

Business seeks state support as it faces England lockdown

https://www.ft.com/content/adfebb62-2f01-4c4a-bdc6-8bf8ff621850

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