Several EU countries have banned travel from the UK as scientists identify a new strain of Covid that is 70 percent more transmissable, in the US, lawmakers reached a deal on Sunday night over a new round of stimulus, and shopping sites delivering from China are rushing to build their own global freight networks. Plus, our Brexit editor asks whether the UK’s stock market can ever get its mojo back.
Scientists alarmed at spread of Covid mutant  https://www.ft.com/content/a0bef737-c763-447a-b1f3-0649dc5989a0
US lawmakers reach deal on $900bn stimulus package https://www.ft.com/content/6c953f0e-b229-42c1-959e-ef62196ef4d6
Shopping sites in China are building their own global freight networks https://www.ft.com/content/8af9c8f3-7ab3-4316-b014-c00e7d8ec83d
Can the UK stock market get its mojo back? https://www.ft.com/content/ca6e6558-c55a-478b-a35d-81958d0c2890 Hosted on Acast. See acast.com/privacy for more information.

EU travel bans, US stimulus, the City after Brexit

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See acast.com/privacy for more information.

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Goldman Sachs surpasses profit estimates by almost $1bn, CVC’s revived listing plan follows years of internal discord over whether the PE firm should go public, and Tesla is laying off 10% of its global workforce. Plus, the FT’s Michael Stott explains why the Darién Gap has become an important migration route for people heading towards the US.
Mentioned in this podcast:  Goldman Sachs traders help fuel 28% profit increase Goldman Sachs knows what fits it best — plenty of deals CVC’s tortuous path to an IPO Tesla to cut 10% of global workforce The migrant highway that could sway the US election
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 Hosted on Acast. See acast.com/privacy for more information.

CVC hopes third time’s the charm

US lawmakers face new pressure to approve military aid for Israel, and Tianqi Lithium’s strategy is at risk as Chilean President Gabriel Boric’s government works to take back control of resources. Plus, depositors put pressure on big US banks.
Mentioned in this podcast: Net interest income may have peaked for Wall Street banks China’s Tianqi Lithium’s $4bn bet on Chile at risk of backfiring Israel weighs response to unprecedented attack by Iran Pressure mounts on US lawmakers to approve new aid for Israel Credit: NBC 
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 Hosted on Acast. See acast.com/privacy for more information.

Israel debates retaliation against Iran

Donald Trump championed the reversal of Roe vs Wade. He even called himself the “most pro-life president” in US history. But with voters outraged by abortion restrictions, Trump and other Republicans are staking out a new position on the issue. The FT’s global business columnist, Rana Foroohar, and Washington bureau chief, James Politi, join to explain why.
Mentioned in this podcast: Arizona court bans almost all abortions in Trump-Biden swing state Donald Trump says abortion law should be left to states Sign up for the FT’s Swamp Notes newsletter here Tell us what you’re thinking about the US election!  
Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. 
CREDIT: Forbes Breaking News
Read a transcript of this episode on FT.com  Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: What’s the Republican party’s position on abortion?

Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new regulations, and the European Central Bank held interest rates steady. Plus, sanctioned Russian oligarchs got a big win in a top EU court. 
Mentioned in this podcast: EU’s sanctions regime in turmoil after oligarchs win legal battle Managers to shut or convert $220bn of US money market funds before rule change US allies urge Iran not to retaliate against Israel European Central Bank holds interest rates at 4% in contested decision Register for our FTWeekend Festival in the US!  Promo code for 10% off tickets: weekendpodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 Hosted on Acast. See acast.com/privacy for more information.

Prime money markets funds are in trouble

Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”.
Mentioned in this podcast: Markets slash rate cut bets after US inflation rises to 3.5% Investors lose hope of rapid US interest rate cuts this year KPMG fined $25mn over exam cheating scandal at firm’s Dutch arm Lloyds Bank axes risk staff after executives complain they are a ‘blocker’ Register for our FTWeekend Festival in the US!  Promo code for 10% off tickets: weekendpodcast
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Cara Shillenn, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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 Hosted on Acast. See acast.com/privacy for more information.

EU travel bans, US stimulus, the City after Brexit

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