FT News Briefing - Financial Times

Latest Episodes:

ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan Sep 03, 2020

Show notes

The euro’s rise has top policymakers at the European Central Bank worried, German logistics giant Deutsche Post DHL has warned that two-thirds of the world’s population is unlikely to have easy access to any Covid-19 vaccine that needs to be kept frozen, and KKR is doubling down on its operations in Japan. Plus, the FT’s Demetri Sevastopulo explains why US president Donald Trump is toning down his rhetoric on US-China trade issues.

Rising euro has ECB worried about falling prices

ft.com/content/c986281c-7154-48ac-939d-50e46d64c0ee?

DHL warns of Covid-19 vaccine delivery problems

ft.com/content/52d40ce8-4f6b-4068-8c48-b98fa0f7740b?

KKR homes in on Japan as cash-strapped companies offload assets

ft.com/content/d59ea8fd-549c-4b0f-b558-e34f53b18f7d?

Why Trump no longer talks about the trade deficit with China

ft.com/content/081e6d25-8d67-4caa-918a-2765a66f0052?

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Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar Sep 02, 2020

Show notes

Traders ratchet up bets on a particularly turbulent US presidential election and a potentially messy aftermath, Nicola Sturgeon revives plans for a possible second Scottish independence referendum, and black former McDonald’s franchisees are suing the fast-food group over discrimination allegations. Plus, the FT’s economics editor, Chris Giles, explains how a weak US dollar is affecting the global economy.

Investors gird for choppy markets as race for White House heats up

ft.com/content/9ed5be3b-ecfb-4485-a8ff-4b80ee40de5b

Nicola Sturgeon revives plans for second Scottish independence vote

https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43f

McDonald’s accused of discriminating against black franchisees

https://www.ft.com/content/86b89841-4428-4031-9b6d-6341bf6f7cad

Global economy unlikely to benefit from falling dollar

https://www.ft.com/content/83c16626-f617-4bb3-872e-fd6723a36c11

Google and Apple build contact tracing app https://www.ft.com/content/0ed38c49-fafe-4e7b-bd57-44c705ba52f7

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Argentina debt holders greenlight restructuring, Lebanon’s new PM, European contact tracing woes Sep 01, 2020

Show notes

Argentina has succeeded in restructuring almost all of its $65bn debt with private creditors, global equities enjoy their best August since 1986, and Lebanon appoints Mustapha Adib as the country’s next prime minister as French president Emmanuel Macron visits Beirut. Plus, the FT’s Donato Paolo Mancini explains why Europe’s contact tracing efforts are struggling.

Argentina clinches near-unanimous backing for debt restructuring

ft.com/content/e3e8b783-9455-46f3-946f-15c31a29778b

Global equities complete hottest August since 1986

ft.com/content/b37fc114-57e2-4f5e-b4b4-e373dbcd58cc

Lebanon picks PM as Macron meets celebrated singer Fairuz

https://www.ft.com/content/eea244c3-39f7-4827-876f-46e1e28c7d8b

Europe’s fractured contact tracing linked to post-holiday Covid-19 surge

ft.com/content/86a818bb-a5d7-495c-98c8-6209f019ca71?

United Airlines scraps change fees for domestic tickets

https://www.ft.com/content/a686e554-1e9e-424d-9b6e-0df841f68bb6

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EU’s raw materials warning, Abe replacement, why Wirecard’s auditors failed Aug 31, 2020

Show notes

The European Commission plans to warn member states that the EU is overly reliant on importing critical raw materials, and Japan is getting ready to pick a new prime minister after Shinzo Abe announced he is resigning. Plus, the FT’s tax and accountancy correspondent, Tabby Kinder, explains why - despite auditors’ promises to change after the Wirecard scandal - things in the industry might stay the same.

EU sounds alarm on critical raw materials shortages

ft.com/content/8f153358-810e-42b3-a529-a5a6d0f2077f?

Japan set for new PM in weeks as Shinzo Abe’s party plans speedy vote

https://www.ft.com/content/343dac7a-8260-46cc-a0b2-a4e37ba595e0

PwC pledges to review fraud detection after Wirecard scandal shakes industry

https://www.ft.com/content/c7dfdff2-e834-434d-aa0c-7876dc04a9a5

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Walmart joins Microsoft in TikTok bid, Fed moves on inflation policy, US athletes sit out games Aug 28, 2020

Show notes

Walmart is partnering with Microsoft in its bid for the US operations of TikTok, and the Federal Reserve is adopting a new strategy for monetary policy that will be more tolerant of temporary increases in inflation. Plus, the FT’s Sara Germano explains how walkouts by professional US athletes are influencing the conversation about police brutality and racial injustice.

Walmart enters race for TikTok US with Microsoft partnership

https://www.ft.com/content/70551adb-7a6e-47a1-a6d1-070efaa957fd

Fed to tolerate higher inflation in policy shift

https://www.ft.com/content/e1e59faa-5005-4e1c-9d54-b1a8d4de9586

Black athletes boycott US sports leagues as protests escalate after Blake shooting

https://www.ft.com/content/c7bb647a-e5fb-4644-8446-9afb69a8e363

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WHO skips Wuhan, Phil Hogan resigns, Hurricane Laura, Jackson Hole preview Aug 27, 2020

Show notes

Western governments are concerned that a World Health Organization team investigating the origins of coronavirus did not visit Wuhan, EU trade commissioner Phil Hogan has resigned after a Covid-19 misstep, and Hurricane Laura is expected to wreak havoc on US oil refinery hubs near the Gulf of Mexico. Plus, the FT’s James Politi previews what this year’s all-virtual Jackson Hole central bankers’ symposium will look like.

Fears over virus probe rise after WHO team fails to visit Wuhan

ft.com/content/f9dea077-66fb-4734-9d1d-076dc93568e1?

EU trade commissioner set to resign after furore over Irish dinner

https://www.ft.com/content/f53a2bbc-97d6-484d-92e0-7907759cdd93

Hurricane Laura threatens to bring ‘unsurvivable’ surge to US Gulf

https://www.ft.com/content/86d7cac1-210e-49a9-a3ab-9b7b7bb5d8df

Central bankers face virus hit to global economy at crisis forum

https://www.ft.com/content/269eec67-1145-41b8-b97c-f43b293017fd

Learn more about the FTWeekend Festival here: https://ftweekend.live.ft.com/

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Covid-19 vaccine makers seek protections, US homebuilder stocks rise, Ant IPO Aug 26, 2020

Show notes

European vaccine makers want EU exemptions that would protect them if there are problems with new Covid-19 vaccines, and low interest rates have helped US homebuilder stocks surge to record highs. Plus, the FT’s James Fontanella-Khan explains why Ant Group chose to list its potentially record setting IPO outside the US.

Covid-19 vaccine makers lobby EU for legal protection

https://www.ft.com/content/12f7da5b-92c8-4050-bcea-e726b75eef4d?

Low rates help propel US homebuilder stocks to record highs

https://www.ft.com/content/9b54ab06-2d57-44a1-85c2-47c114589c22

Ant Group reveals $2.6bn profit as it files for blockbuster IPO

https://www.ft.com/content/b5f6fed2-2dcf-48dc-9097-a49bff5532dc

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India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row Aug 25, 2020

Show notes

India is phasing out equipment from Huawei and other Chinese companies for its telecoms networks due to an escalating border dispute, investors have quietly poured billions of dollars into insurance companies this year betting on pandemic-driven returns, and there is a brewing debate over who will get first access to a coronavirus vaccine in the US. Plus, the FT’s Washington bureau chief, Demetri Sevastopulo explains how the Republican Party will handle Donald Trump’s legacy.

India moves to cut Huawei gear from telecoms network

ft.com/content/55642551-f6e8-4f9d-b5ba-a12d2fc26ef9?edit=true

Insurers bet that pandemic will usher in era of higher returns

ft.com/content/eda1cdd1-3c0a-4fe5-b41e-173a85da79d8

US braced for political row over who gets first Covid-19 vaccines

ft.com/content/13f40024-46d9-49d5-a1d9-4f5a68e674aa?

US election: a divided Republican party questions Trump legacy

ft.com/content/1521cb7b-44fe-47f3-bdac-92372a8ef129

Note: This episode has been updated. Wisconsin police shot and wounded Jacob Blake on Sunday.

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Trump considers fast-tracking vaccine, dividends fall in pandemic, Neiman Marcus bankruptcy fallout Aug 24, 2020

Show notes

The Trump administration is considering fast tracking a UK Covid-19vaccine for use in America ahead of the presidential election, and new research shows global dividends have suffered the worst quarterly fall in a decade. Plus, the US editor of the FT’s Lex column, Sujeet Indap, explains why a hedge fund manager is in hot water over the Neiman Marcus bankruptcy case.

Trump considers fast-tracking UK Covid-19 vaccine before US election

https://www.ft.com/content/b053f55b-2a8b-436c-8154-0e93dcdb3c1a

Global dividends suffer worst quarterly fall since 2009

ft.com/content/a136da68-4cc8-489f-9265-a719b11f75e6?

Hedge fund manager admits ‘grave mistake’ in Neiman Marcus battle

https://www.ft.com/content/084ba24b-a96b-4888-9bd4-c80001c0be07

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Huawei’s war, Chinese banks in Hong Kong, and the future of office workers Aug 21, 2020

Show notes

Huawei employees are becoming increasingly worried about lay-offs after the US announced “death sentence” sanctions, Hong Kong investment bankers employed by Chinese groups are on track to outnumber those in the territory from Wall Street and international banks, and working remotely could lead companies to outsource employees’ jobs.

Huawei employees worry about lay-offs after tougher US sanctions

https://www.ft.com/content/1fccedf5-bf88-45fe-9a39-2ac378571693

Chinese banks’ Hong Kong ranks on track to outnumber global rivals

https://www.ft.com/content/abbbfcec-736c-47ba-b106-b1bdafebd099

If you can do your job anywhere, can anyone do your job?

https://www.ft.com/content/fe5a7907-14b9-4e61-9938-ec3dd9d06831

Uber and Lyft win reprieve to keep operating in California

https://www.ft.com/content/6b28cb8a-da35-4f02-87cd-780984e6a3ad

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