FT News Briefing

By Financial Times

News & Politics

What's FT News Briefing about?

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.

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Uber Eats fails to offset r...

08.07.2020

A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data ...

FT News Briefing episodes:

08.07.2020 Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data ...
08.06.2020 US lawmakers probe loan to Kodak, Zynga earnings, Biden spending US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the FT’s Washington correspondent, Lauren Fedor, has some updates ...
08.05.2020 Beirut explosion, ETF gold spree, UK tax authority takes on General Electric Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some ...
08.04.2020 Trump reverses on TikTok, WTO candidates on judicial system, oil earnings US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute resolution are valid, and foreign aid groups combatting the coronavirus ...
08.03.2020 US vows action on Chinese tech, William Spriggs on US labour market The Trump administration has vowed to “take action” against Chinese software companies that it perceives as a risk to security. Plus, William Spriggs, a professor of economics at Howard University and chief economist of the AFL-CIO, explains how the pandemic ...
07.31.2020 US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks Facebook, Amazon, and Apple all reported stellar revenue increases in the latest quarter. The FT’s Richard Waters will explain what that means in the context of Wednesday’s US congressional big tech antitrust hearings. Then, FT US markets reporter Colby Smith ...
07.30.2020 Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal American lawmakers grill the chief executives of four US tech groups over unfair competition accusations, Qualcomm shares soared to a record high after the California chipmaker announced a royalty deal with Huawei on Wednesday, and the Federal Reserve extends measures ...
07.29.2020 Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, the Federal Reserve has announced that it will extend emergency lending facilities, the European Central Bank has called on eurozone banks to continue to freeze dividend payments ...
07.28.2020 Investors fear US virus toll, MLB virus scare, European bank earnings Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball ...
07.27.2020 Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks Republicans are set to unveil their proposals for a fresh round of stimulus today, US oil companies have increased production following the price crash earlier in the year, and a surge in coronavirus cases have forced countries to curb European ...
07.24.2020 Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls Goldman Sachs is pointing to its strong second quarter results in a pitch to the Federal Reserve for relief on its capital requirements, Intel shares dropped after the company said it was pushing back the launch of its next generation ...
07.23.2020 Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested Tesla reported its fourth consecutive quarterly net profit on Wednesday, the fissure between the US and China continues to deepen with Washington ordering Beijing to shut its consulate in Houston over spying concerns, a group of US tech investors has ...
07.22.2020 UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns The British government has abandoned hopes of reaching a US-UK trade deal ahead of this autumn’s American presidential election, and Donald Trump told reporters the pandemic in the US will “get worse before it gets better”. Plus, the FT’s Latin ...
07.21.2020 EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted EU leaders are closing in on a deal for a landmark coronavirus recovery package, the largest laboratory company in the US, Quest Diagnostics, has warned it will be impossible to increase coronavirus testing capacity in the event of a second ...
07.20.2020 Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble EU leaders spent the weekend locked in marathon summit talks over Europe’s proposed €750bn response to the coronavirus pandemic, and Albert Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that he cannot budge from his ...
07.17.2020 US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack The US is considering putting TikTok on a blacklist that would effectively prevent Americans from using the popular video app, Netflix warns investors that its pandemic related growth spurt is waning, and the FBI and New York state launch investigations ...
07.16.2020 Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes Twitter experienced an unprecedented hack on Wednesday when bitcoin scammers sent a series of tweets from hundreds of accounts, Opec and Russia move to start unwinding the record oil supply cuts agreed earlier this year, and the US has threatened ...
07.15.2020 US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses President Donald Trump signed legislation on Tuesday that gives his administration more power to impose sanctions on Chinese officials, the Trump administration reversed its rule that international students would have to return home if they are attending universities with online-only ...
07.14.2020 EU to go after low-tax countries, California rolls back reopening plans, European summer tourism Brussels is planning to pursue low-tax member states over their advantageous corporate tax regimes, California is rolling back its reopening effort due to a surge in Covid-19 cases, and US technology groups and a group of state attorneys-general are joining ...
07.13.2020 UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning Boris Johnson is set to unveil plans this week to phase Huawei out of the UK’s 5G mobile phone networks, WeWork’s executive chairman tells the Financial Times that the company is on track to have positive cash flow in 2021, ...
07.10.2020 Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny US and European banks in Hong Kong are conducting emergency audits of their clients to identify officials and corporates that could face possible US sanctions over the new national security law, the FT reports that Wirecard executive Jan Marsalek touted ...
07.09.2020 Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases In an interview with the FT, European Central Bank president Christine Lagarde said that “women are the first victims” of events such as a pandemic and discussed the steps towards recovery. Plus, UK business leaders say that millions of jobs ...
07.08.2020 Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power The US has begun the process of leaving the World Health Organization, the FT reports that international investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia group, and US investment in offshore wind power is predicted ...
07.07.2020 Social media groups block HK authorities, PPP loans, day trading dangers Facebook, Google and Twitter have all said they would temporarily block Hong Kong’s authorities from accessing user data despite threats from the government, the US claims its small business bailout programme has kept 51.1 million people in work during the ...
07.06.2020 Repairing the social and economic damage brought by the pandemic Covid-19 has been a global shock. But will it be a transformative one? In this special edition of the FT News Briefing, the FT’s chief economics commentator, Martin Wolf, explains why the global free market era might soon be coming ...
07.03.2020 UK wants final say on Virgin-O2 deal, retail goes digital in pandemic, US jobs The UK’s Competition and Markets Authority is set to ask Brussels for full control over the review of the proposed £31bn merger between Virgin Media and O2, US consumers are expected to spend $710bn online in 2020, and American Airlines ...
07.02.2020 July 4 virus spread concerns, EU looks into Google Fitbit deal, Hong Kong under new national security law US public health experts are warning of a heightened risk of coronavirus transmission during US Independence Day celebrations, EU regulators are asking more questions about Google’s proposed $2.1bn takeover of fitness tracker Fitbit, and the FT’s James Kynge explains how ...
07.01.2020 Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business Coronavirus has brought an end to one of the longest waves in mergers and acquisitions history, more than 100 UK company chiefs, entrepreneurs and business groups have written to Boris Johnson warning about the economic damage of a no-deal Brexit, ...
06.30.2020 Wall Street banks net record fees, Johnson channels FDR, remdesivir cost Wall Street investment banks brought in a record amount of fees for fundraisings in the first six months of 2020 amid coronavirus, UK prime minister Boris Johnson plans to announce £5bn of infrastructure projects today, and Gilead Sciences has said ...
06.29.2020 Chesapeake files for bankruptcy, Facebook ad boycott, Singapore’s new corporate structure American shale pioneer Chesapeake Energy has filed for Chapter 11 bankruptcy, and dozens of brands are cancelling advertising on Facebook over the social media company’s handling of hate speech. Plus, Singapore is luring hedge funds and investors away from other ...
06.26.2020 Wirecard insolvency, Brussels to probe German regulator, Federal Reserve bans buybacks Wirecard filed for insolvency on Thursday, days after the German payments group revealed a multiyear fraud that led to the arrest of its former chief executive. The FT’s Dan McCrum has been following Wirecard for the past five years and ...
06.25.2020 New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement Global markets dropped on Wednesday as rising Covid-19 cases fuelled fears that the virus could derail an economic recovery, US airlines increased the size of their debt and equity fundraisings this week to nearly $10bn after receiving a warm welcome ...
06.24.2020 Ex-Wirecard CEO arrested, Trump scales back environmental rules, the new bond monarch Wirecard’s founder Markus Braun was arrested on suspicion of false accounting and market manipulation, and the Trump administration has eased Obama-era environmental rules during the pandemic. Plus, the FT’s global finance correspondent, Robin Wigglesworth, will explain why some investors say ...
06.23.2020 Trump expands US immigration restrictions, Apple pivots away from Intel, inside Wirecard Donald Trump is set to extend a suspension of immigration into the US imposed in response to the coronavirus pandemic, and Apple is planning to transition away from Intel chips to an in-house design for processors. Plus, last week Wirecard ...
06.22.2020 Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US Boris Johnson will hammer out a new plan with senior ministers this week aimed at unblocking talks on Britain’s future relationship with the EU, and the delay of oil and gas projects in Senegal signals the aftershocks from the coronavirus ...
06.19.2020 The inside story of a disgraced drugmaker Executives from drugmaker Insys were the first from the pharmaceutical sector to be handed prison time for their role in America’s opioid epidemic earlier this year. The FT and the PBS series Frontline have investigated why the warning signs around ...
06.18.2020 US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale The US has suspended talks with European countries on a new global tax framework for technology companies, private equity groups in the US have been on a spending spree despite worldwide lockdowns due to the pandemic, and the bankrupt car ...
06.17.2020 Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform Wall Street rallied on expectations of new aid for the US economy from the federal government and central bank, while Royalty Pharma pulled off the biggest US listing of 2020. Plus, protesters are calling to defund police departments in the ...
06.16.2020 LGBTQ rights at work, EU unemployment, oil’s transition to cleaner energy The US Supreme Court ruled on Monday that LGBTQ workers are protected by federal civil rights laws in a landmark anti-discrimination decision, and Europe’s young workers are among the hardest hit by a frozen labour market. Plus, the FT’s senior ...
06.15.2020 SoftBank financing, White House on unemployment benefits, French industry SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Vision Fund, the White House is opposed to extending coronavirus-related federal unemployment payments ...
06.12.2020 Investors fear new Covid-19 wave, UK in border check U-turn, HSBC pressure Investors in US and European equities were rattled on Thursday after the Federal Reserve’s dire assessment of the US economy and fresh concerns of an uptick in coronavirus cases, and the British government has abandoned its plan to introduce full ...
06.11.2020 Fed predicts no rate increase until 2022, Brazil vs Covid-19, Bumper CEO stock awards First, the FT’s Colby Smith explains why the Federal Reserve is predicting that it would keep interest rates close to zero until at least the end of 2022. Then, the FT’s Brazil bureau chief Bryan Harris examines how the country ...
06.10.2020 Brexit and the EU’s recovery, Vroom’s strong IPO, Fed’s forecast EU member states are urging Brussels to account for the shock of a hard Brexit in its coronavirus recovery plans, a former Goldman Sachs banker has avoided prison time for his role in a global insider trading ring, and US ...
06.09.2020 US stocks surge despite gloomy forecast, US police reform bill, oil industry’s cautious optimism The US stock market has erased all of its losses from 2020, the World Bank has forecast that emerging economies will shrink for the first time in 60 years, and US Congressional Democrats have responded to protests against police brutality ...
06.08.2020 Black Lives Matter protests go global, doubts over US jobs data US civil rights groups have received a surge of corporate donations since Minneapolis police killed George Floyd, the head of Fidelity International has warned that asset managers will struggle to provide enough cash to keep businesses afloat, and global trade ...
06.05.2020 Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic Veteran market strategist Jeremy Grantham has cut back his holdings in global stocks. The FT’s Andrew Edgecliffe-Johnson recounts his conversation with the Boston fund manager. And, Frankfurt bureau chief Martin Arnold walks through the latest moves from the European Central ...
06.04.2020 Pentagon chief breaks with Trump, hydroxychloroquine, Warner Music IPO US defence secretary Mark Esper breaks with Donald Trump on sending the army to clamp down on protests, and his predecessor James Mattis joins the president’s critics. The FT’s Katrina Manson explains why the rift is so significant. Plus, a ...
06.03.2020 Companies react to protests, fear of Covid spike, Zoom’s surge Many companies and chief executives have expressed solidarity with protests over the police killings of George Floyd and other black men and women. The FT’s Andrew Edgecliffe-Johnson explains what is different this time round. Plus, public health experts fear the ...
06.02.2020 Trump vows to deploy military to US streets President Donald Trump threatened to send US soldiers on to American streets to tackle the most widespread unrest the country has seen in decades, following the killing of George Floyd by police. Meanwhile, Mark Zuckerberg is facing a backlash within ...
06.01.2020 US protestors demonstrate against police violence, EU recovery, US pensions Protests swept across US cities over the weekend as demonstrators responded to the death of George Floyd, another black man who died by police brutality. The FT’s Claire Bushey and Lauren Fedor explain what has been happening at the local ...

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FT News Briefing

What's FT News Briefing about?

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FT News Briefing episodes:

Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok

US lawmakers probe loan to Kodak, Zynga earnings, Biden spending

Beirut explosion, ETF gold spree, UK tax authority takes on General Electric

Trump reverses on TikTok, WTO candidates on judicial system, oil earnings

US vows action on Chinese tech, William Spriggs on US labour market

US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks

Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal

Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending

Investors fear US virus toll, MLB virus scare, European bank earnings

Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks

Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls

Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested

UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns

EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted

Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble

US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack

Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes

US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses

EU to go after low-tax countries, California rolls back reopening plans, European summer tourism

UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning

Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny

Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases

Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power

Social media groups block HK authorities, PPP loans, day trading dangers

Repairing the social and economic damage brought by the pandemic

UK wants final say on Virgin-O2 deal, retail goes digital in pandemic, US jobs

July 4 virus spread concerns, EU looks into Google Fitbit deal, Hong Kong under new national security law

Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business

Wall Street banks net record fees, Johnson channels FDR, remdesivir cost

Chesapeake files for bankruptcy, Facebook ad boycott, Singapore’s new corporate structure

Wirecard insolvency, Brussels to probe German regulator, Federal Reserve bans buybacks

New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement

Ex-Wirecard CEO arrested, Trump scales back environmental rules, the new bond monarch

Trump expands US immigration restrictions, Apple pivots away from Intel, inside Wirecard

Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US

The inside story of a disgraced drugmaker

US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale

Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform

LGBTQ rights at work, EU unemployment, oil’s transition to cleaner energy

SoftBank financing, White House on unemployment benefits, French industry

Investors fear new Covid-19 wave, UK in border check U-turn, HSBC pressure

Fed predicts no rate increase until 2022, Brazil vs Covid-19, Bumper CEO stock awards

Brexit and the EU’s recovery, Vroom’s strong IPO, Fed’s forecast

US stocks surge despite gloomy forecast, US police reform bill, oil industry’s cautious optimism

Black Lives Matter protests go global, doubts over US jobs data

Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic

Pentagon chief breaks with Trump, hydroxychloroquine, Warner Music IPO

Companies react to protests, fear of Covid spike, Zoom’s surge

Trump vows to deploy military to US streets

US protestors demonstrate against police violence, EU recovery, US pensions

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