FT News Briefing

The White House and Democratic leaders reach an agreement to raise the US’s $22tn borrowing limit which takes it beyond the next election, Donald Trump promises major US technology companies that his administration will process their application to supply Huawei quickly, Washington issues sanctions against one of China’s largest state-backed oil companies for transporting Iranian crude oil and Sta...

Hong Kong protesters escalate demonstrations by targeting Chinese government offices,  UK defence minister Tobias Ellwood rejects claims that the government could have stopped Iranian forces from capturing a British-flagged tanker, early exit polls indicate that Ukraine President Volodymyr Zelensky’s party of neophyte politicians have won Sunday’s snap parliamentary election and Prime Ministe...

President Donald Trump says the US navy has shot down an Iranian drone after it threatened an American warship, Boeing says it will take a $4.9bn after-tax charge in the second quarter related to the grounding of the 737 Max jet and the Federal Reserve Bank of New York president stokes expectations of an aggressive half-point cut in US interest rates this month. Plus, WeWork founder Adam Neumann h...

Netflix falls short of its own forecasts for new subscribers, G7 finance ministers struggle to reach a compromise on how to tax Big Tech and US President Donald Trump expels Turkey from the US-led F-35 fighter jet programme. Plus, the FT’s Gregory Meyer explains how signs of a slowing US economy are starting to show up on the nation’s railways. Hosted on Acast. See acast.com/privacy for more infor...

Lower rates squeeze US bank lending margins, Ursula von der Leyen narrowly secures parliamentary backing for her appointment as European Commission president and United Airlines raises its outlook for the full year despite the financial impact of the grounding of the carrier’s 737 Max fleet. Plus, the FT’s Kiran Stacey reports on Big Tech’s day in Washington. Hosted on Acast. See acast.com/privacy...

Democratic congresswomen call Donald Trump’s attacks a “distraction” after the US president doubles down on his statement, US Treasury secretary Steven Mnuchin says Facebook has “a lot of work to do” before the Trump administration will let it proceed with its planned cryptocurrency and money manager Jeffrey Epstein discloses his assets in a court filing after being charged with the sex traffickin...

The acting IMF chief, David Lipton, backs new monetary stimulus by the world’s top central banks, Warner Music buys First Night Records and equity investors brace for the second successive drop in US quarterly profits. Plus, US banks are set to report second-quarter results this week. The FT’s Robert Armstrong explains what investors will be watching.  Hosted on Acast. See acast.com/privacy f...

President Donald Trump issues an executive order to collect all information in US government databases about who is an American citizen, Boeing says the head of its 737 programme will retire at the end of this year and we take a look at China’s economy ahead of the release of its second-quarter growth figures. Plus, Hannah Kuchler explains why some drugmakers are braced for an opioid crisis reckon...

The Trump administration launches an investigation into French plans to bring in a special tax targeting big tech companies and Amazon Music becomes the fastest-growing streaming service. Plus, Federal Reserve chairman Jay Powell cemented the case for an interest rate cut in his testimony to US Congress. The FT’s James Politi explains. Hosted on Acast. See acast.com/privacy for more information.

Mexico’s finance minister, Carlos Urzúa, resigns over differences with President Andrés Manuel López Obrador, Levi Strauss shares slip after IPO costs weigh on its second quarter earnings and Boris Johnson dodges questions about Brexit and US relations in a UK Conservative party leadership debate. Plus, the FT’s Joe Rennison tells us about a new menace popping up in the leveraged loan market. Host...

Chinese venture capital investment in US biotech falls as Washington tightens scrutiny of funding from overseas, German chemicals group BASF cuts its full-year forecast and warns that second-quarter profits would almost halve and Deutsche Bank begins the culling of 18,000 jobs, with whole teams of equity traders being dismissed. Plus, the FT’s US legal and enforcement correspondent, Kadhim Shubber...

Iran says it will breach the curbs on uranium enrichment levels set under the 2015 nuclear agreement with major powers, Greece’s traditional centre-right party is set to regain power after a sweeping general election victory and a survey of fund managers shows that investors are buckling up for a global recession. Plus, Deutsche Bank has unveiled plans to overhaul the struggling German lender. The...

British Marines and Gibraltar police seize a tanker suspected of carrying Iranian oil to Syria, the Womens’ World Cup reaches its finale, but will the expected winners take up their invitation to the White House? Who are the main contenders to replace Christine Lagarde as IMF chief? Plus, chief features writer Henry Mance on the pressure US space agency Nasa is under to put astronauts back on the...

US stocks closed at record highs on Wednesday alongside a bond rally as investors anticipated looser monetary policies from central banks, Huawei founder Ren Zhengfei predicts the next battle with the US will be over the Chinese telecom company’s push into the internet of things and Boeing pledges to commit $100m to help address the needs of families affected by two deadly crashes of its 737 Max j...

European leaders agree to back Christine Lagarde as president of the European Central Bank and Ursula von der Leyen as president of the European Commission, Tesla reports record production and delivery figures for its latest quarter, the Trump administration abandons its efforts to include a citizenship question in the 2020 census and President Donald Trump says he will nominate Fed critic Judy Sh...

Hong Kong leader Carrie Lam condemns protesters who stormed and occupied the Legislative Council, the US economic expansion becomes the longest in recent history and Iran’s oil minister warns that the future of Opec is in jeopardy from the growing influence of Russia and Saudi Arabia. Plus, some questions about office provider WeWork as it prepares to hit the public markets this year. The FT’...

US president Donald Trump signals that nuclear talks with North Korea will resume, after meeting with Kim Jong Un on Sunday, the US and China ease trade tensions at the G20 summit, but commentators wonder how long the effects will last, Angela Merkel’s compromise plan to fill the EU’s top positions runs into a wall of opposition and HSBC launches a lobbying effort to convince the Chinese governmen...

The Federal Reserve singles out Credit Suisse in its annual stress tests, Nike reports higher sales and profit margins in its latest quarter, designer Jony Ive will leave Apple at the end of this year and Russian president Vladimir Putin says liberalism has ‘become obsolete’. Plus, the FT’s US managing editor, Peter Spiegel, previews the G20 summit in Osaka, Japan. Hosted on Acast. See acast.com/p...

Boeing faces another setback in its attempt to get the 737 Max back in the air, activist investor Carl Icahn is preparing a campaign to oust four of Occidental Petroleum’s board members and private equity deal-making hits its highest level since the lead-up to the global financial crisis. Plus, the FT’s corporate finance and deals editor, Arash Massoudi, explains what led to AbbVie’s $63bn acquisi...

Fed chairman Jay Powell warns that risks to global growth have increased in recent weeks, AbbVie investors give the US drugmaker a resounding thumbs down on its bid to buy Botox-maker Allergan and FedEx warns that a slower global economy and trade uncertainty will continue to drag on its business in 2020. Plus, the FT’s banking editor, David Crow, explains how a host of digital upstarts could chal...

Boris Jonson’s tax cut proposals could cost as much as £20bn a year, according to a new report; Instagram’s Adam Mosseri tells the FT that “window-shopping” will become a core part of the photo-sharing app’s future; and US President Donald Trump signs an executive order to hit Iran with new sanctions.  Plus, the FT’s Turkey correspondent, Laura Pitel, explains what’s next for Turkey and Presi...

Washington plans to impose fresh sanctions on Tehran and warns that Iran should not mistake US “prudence for weakness”, Ericsson’s head of US business says the UK’s plan to shut Huawei out of parts of its 5G network makes little technical sense and the US Federal Reserve quizzes Deutsche Bank over its “bad bank” plans. Plus, the FT’s clean energy and environment correspondent, Leslie Hook, explain...

President Donald Trump played down the significance of Iran shooting down a US drone over the Gulf, saying he found it “hard to believe” the move was intentional; Slack lands on Wall Street with a $20bn valuation and Boris Johnson will face Jeremy Hunt in the UK Conservative party leadership race. Plus, Judith Evans, the FT’s property correspondent, explains why the global real estate boom could b...

Pressure mounts on the US and China to ease trade tensions at next week’s G20 summit, Deutsche Bank is under criminal investigation in the US in connection with alleged failures to comply with anti-money laundering laws and Nissan agrees on a truce with Renault in their governance dispute ahead of the Japanese carmaker’s pivotal shareholder meeting next week. Plus, the Federal Reserve held US inte...

Facebook’s plan to launch a new global digital currency raises questions from banks and regulators, the FT reports that several of Renault and Nissan’s joint business functions are being quietly unwound and the latest round of voting by Conservative MPs trims the UK party’s leadership race down to five candidates. Plus, the FT’s West Coast Editor Richard Waters explains what Slack has in store for...