FT News Briefing

Qatar’s sovereign wealth fund is looking to ramp up its investment plans in North America and Asia, the biggest European private equity groups are rushing to raise new mega funds and Pfizer agrees to pay $11.4bn for Array BioPharma in an effort to boost its cancer treatment portfolio. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains what Iran’s threat to breach nuclear deal term...

Sources tell the FT that Deutsche Bank is preparing a deep overhaul of its trading operations as it shifts away from investment banking, the US Chamber of Commerce calls for the Trump administration to end its trade war with China and Hong Kong protesters demand the resignation of chief executive Carrie Lam over a controversial extradition bill. Plus, the FT’s Robin Wigglesworth explains how some...

Crude oil prices surge as tensions rise in the Middle East, Brussels says Russian sources mounted a “sustained” disinformation effort to influence last month’s EU parliament elections and the focus in the UK leadership stakes moves to the second round after Boris Johnson emerged well ahead in the first party vote in the contest to become Britain’s next prime minister. Plus, the FT’s Siona Jenkins...

Hong Kong’s chief executive has vowed to push ahead with an extradition bill that has sparked violence in the territory, UK party leadership frontrunner Boris Johnson says Britain would only leave the EU without a deal as “a last resort” and US President Donald Trump says Poland will build a facility to host 1,000 American troops. Plus, FT capital markets reporter Joe Rennison explains why US home...

Elon Musk predicts a “record quarter” for Tesla, Royal Dutch Shell scales back its ride-hailing plans in London and the British government is eyeing new powers to enable it to block companies from listing on the London Stock Exchange on national security grounds. Plus, the FT’s retail correspondent Jonathan Eley explains the rift between Arcadia and its creditors, and how today’s meeting between t...

New powers given to Europe’s banking watchdog to fight the flow of dirty money are falling short, talks to create the US’s first national data privacy law have ground to a halt and Nissan’s CEO wants to make peace with its French partner, Renault. Plus, the FT’s natural resources reporter Gregory Meyer explains how the unprecedented amounts of rain are affecting the US farming industry.   Hos...

United Technologies and Raytheon agree to an all-share merger to create a $120bn aerospace and defence giant, French carmaker Renault tells Japanese partner Nissan that it will block its plan to change its corporate governance and Deutsche Bank finds “serious” failings in payments screening. Plus, FT UK political correspondent Laura Hughes talks about the 11 candidates vying for 10 Downing St now...

Beyond Meat expects sales to double in 2019, Mexico and the US continue talks over tariffs that Donald Trump indicated could start next week, and Mario Draghi prepares to cut rates and embark on a fresh round of bond purchases before he leaves the European Central Bank in October. Plus, we take a look at the business of broadcast news. At the FT’s Future of News conference in New York, our news ed...

Fiat Chrysler has withdrawn its proposal for a €33bn merger with Renault, International Monetary Fund chief Chrstine Lagarde warns that the rising tariffs between the US and China are “self-inflicted wounds” on the global recovery, and YouTube bans supremacist content from its website as it steps up its crackdown on hate speech. Plus, FT reporter Camilla Hodgson talks about people-finding websites...

Donald Trump’s pick for the World Bank’s new president, David Malpass, laments the global trade slowdown, Donald Trump predicts that US tariffs against Mexico will go ahead next week and the board of French car company Renault stalls a decision regarding a €33bn merger with Fiat Chrysler. Plus, the FT’s US economics editor Sam Fleming explains why the Federal Reserve is considering the need for a...

The biggest names in tech come under pressure as US regulators prepare for antitrust probes, Apple turns towards services and privacy at its annual developers conference and US president Donald Trump turns to the political part of his UK trip after a state banquet with the Queen. Plus, the FT’s trade editor James Politi take us behind the sharp rise in trade tensions between the US and Mexico, and...

Donald Trump embarks on his first state visit to the UK by testing the countries’ special relationship, Blackstone strikes the largest private real estate deal in history and US technology companies are re-examining their supply chains to identify Chinese groups that may be targeted in the US-China trade war. Plus, the FT’s Global Technology correspondent Tim Bradshaw previews what’s likely to com...

Uber says it has seen an easing of the fierce competition that blew out its losses in the first quarter, President Donald Trump will threaten to curb intel sharing will Britain if it allows Huawei to build part of the country’s 5G mobile network, and from Canada Goose to Gap it has been a bad week for retailers.  Plus, the FT’s North American correspondent Patti Waldmeir explains why the retu...

Prime Minister Benjamin Netanyahu plunges Israel into repeat elections instead of allowing his rival a chance to form the next government, Democrats are split on whether to pursue the impeachment of US president Donald Trump after special counsel Robert Mueller’s public statement and two female partners at KPMG have left the accounting firm in the UK over its handling of bullying claims against a...

In an interview with the FT, the UK health secretary and pro-business Conservative leadership candidate blasts rival Boris Johnson, Spain’s Prime Minister Pedro Sanchez and his French counterpart Emmanuel Macron are joining forces to block a German conservative from taking the European Commission presidency, and the mounting US-China trade war has led investors to raise bets that the Federal Reser...

The success of the Brexit party in European elections ramps up pressure on Britain to leave the EU without a deal, Aviva is preparing a big shake-up of its UK business and Disney’s live action remake of the 1992 animated classic ‘Aladdin’ grabbed the top spot at the US box office over the holiday weekend. Plus, the FT’s pharma correspondent Hannah Kuchler reports that technology companies are bett...

An alliance of pro-EU parties largely held their ground in Sunday’s European elections, Fiat Chrysler and Renault are in talks that could extend to a full merger, and the most valuable unicorn in the world, ByteDance, wants to make smartphones. Plus, the FT’s Brazil correspondent Andres Schipani tells how the country has changed since Jair Bolsonaro became president. Hosted on Acast. See acast.com...

Donald Trump says that Huawei could be included in a trade deal with Beijing, Facebook says it took down a record 2.2bn fake accounts in the first three months of this year and JPMorgan Chase drops its client Purdue Pharma, the OxyContin maker, which has been accused in thousands of lawsuits of fuelling the US opioid crisis. Plus, the FT’s Eric Platt explains how three Wall St banks, Morgan Stanle...

Conservative MPs expect UK Prime Minister Theresa May to resign or be forced out of office within days, sources tell the FT that Tyson Foods, the largest US meat packer, is in talks over a multi-billion dollar investment in Kazakhstan beef production as a back door into China and a US judge rejects President Donald Trump’s efforts to quash subpoenas of his bank records. Hosted on Acast. See acast....

UK Prime Minister Theresa May offers Labour a deal that includes the possibility of a second EU referendum, Europe’s aviation safety agency sets out strict conditions before it will allow Boeing’s 737 Max aircraft back into the skies and shares in three of the US’s biggest department store chains, Nordstrom, Kohl’s and JC Penney, fell on Tuesday after the companies reported quarterly results short...

Federal Reserve chair Jay Powell tempers fears over a corporate debt meltdown, Hungarian Prime Minister Viktor Orban steps up the campaign for the country’s Fidesz party in the days leading up to the European parliamentary elections and the UK’s financial watchdog says the number of crypto and forex fraud claims has more than tripled in the past financial year.   Hosted on Acast. See acast.co...

US intelligence chiefs have held a series of classified briefings with American companies and other groups to warn them of the dangers of doing business in China, a small group of US farm operators have received more than half the money from a federal bailout designed to offset the cost of US trade battles and India exit polls point to a clear election victory for prime minister Narendra Modi. Plu...

Shares in the image sharing platform Pinterest tumble as much as 19 percent after the company’s first earnings report since going public, Starbucks’ China rival Luckin Coffee raises $561m in its IPO gaining a valuation of $4bn and UK Prime Minister Theresa May tells her MPs she will set out a timetable for her resignation and the election of a new leader. Plus, the FT’s Australia and Pacific corre...

US President Donald Trump issues an executive order effectively banning telecoms companies from using equipment manufactured by China’s Huawei, Cisco systems is slashing its manufacturing in China in anticipation of higher import tariffs levied in the US and office space group WeWork tries to rein in losses before a possible IPO. Plus, the FT’s Paris Bureau Chief Victor Mallet explains what the Eu...

Intel reveals a vulnerability in its chips that could let hackers steal data, Wall Street recovers as trade war fears ease, a dispute between the US and Mexico sours the market for fruits and vegetables, and UK Prime Minister Theresa May challenges Labour Party leader Jeremy Corbyn to make up his mind on her Brexit compromise plan. Plus, the FT’s Buenos Aires correspondent, Benedict Mander, explai...