FT News Briefing

The World Health Organization has found the Covid-19 treatment remdesivir does little to prevent deaths and Boris Johnson could push Brexit talks into crisis on Friday. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why suburban women might be the key to victory when it comes to the US presidential election. Remdesivir has little effect on Covid-19 mortality, WHO study sayshttps://www.ft.com/content/ee9b611f-2b4b-4572-afe1-b0b804d17a94Summit ‘atmospherics not good’ as Brussels seen as dragging its feet on trade deal https://www.ft.com/content/252d3ea4-0ddf-498b-b993-59c13b0de004 Hosted on Acast. See acast.com/privacy for more information.

France and the Netherlands jointly issued a call for the bloc’s competition authorities to take pre-emptive measures against big tech companies, and investors have been unimpressed by recent US bank earnings despite lower loan loss provisions. Plus, the FT’s Dave Lee explains whether Amazon will be able to handle the logistical hurdles thrown its way this holiday season. Falling interest rates drag on Bank of America and Wells Fargo profitshttps://www.ft.com/content/8b8a4bec-6d28-462e-a18f-73b4856e1fc7Amazon braces for winter of demand with relentless expansionhttps://www.ft.com/content/9cd8038e-b38c-40d6-b2db-8f6e01cd166a?France and Netherlands join forces to back EU move against tech giantsft.com/content/4a9ed79e-c8c8-4b47-8055-1cd029541c32 Hosted on Acast. See acast.com/privacy for more information.

The EU has been given the green light to hit almost $4bn of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, and the IMF said the coronavirus crisis will wreak “lasting damage” on people’s living standards across the world. Plus, some hedge funds are betting that the best days for the stock market’s coronavirus winners are in the past.EU given green light to hit US with tariffs in Airbus-Boeing rulinghttps://www.ft.com/content/3198d2ef-c3bb-44b9-a1e0-b27d9c1483dePandemic will cause ‘lasting damage’ to living standards, IMF warnshttps://www.ft.com/content/8b286455-d9ed-42a9-b933-5a1d3f4f08b2Hedge fund short sellers target pandemic winners ft.com/content/0a14e904-5fac-41bd-a9b4-a8a588db15c5?Apple enters the 5G market with new line of iPhoneshttps://www.ft.com/content/eac7ed4b-5fb4-4f0e-944d-f5f61300bd12 Hosted on Acast. See acast.com/privacy for more information.

US stocks built on last week’s rally with investors assessing US presidential election polls that show a strong lead for former vice-president Joe Biden, and unemployment looks set to hit the UK’s youth the hardest with the country’s economy facing a sharp slowdown. Plus, the FT’s US finance editor, Rob Armstrong, explains why US banks might suddenly be hoping for a Democratic wave and what their most recent earnings could look like. Wall Street rallies as angst over contested US election waneshttps://www.ft.com/content/1dcbbed2-6d9e-4898-98bf-00e98a19eb5bFive things to watch in US bank earnings seasonhttps://www.ft.com/content/2604ab01-c562-4601-a8d6-921825a9e4aeUK’s youth count the cost of the Covid pandemicft.com/content/1220ba66-de09-4507-8616-ef112cd2c109?Samuel Brittan, economics editor, 1933-2020https://www.ft.com/content/b763bf06-3fc2-4e95-9fe6-a17acf3d8f3b Hosted on Acast. See acast.com/privacy for more information.

EU regulators are drawing up a “hit list” of up to 20 large internet companies that will be subject to new and far more stringent rules, and government ministers of poor and indebted nations plead for more ambitious debt relief programmes. Plus, FT’s Brexit editor David Bond speaks with Sam Fleming and Victor Mallet about how European countries are viewing the progress of Brexit talks. EU targets Big Tech with ‘hit list’ facing tougher rulesft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783?Emerging economies plead for more ambitious debt relief programmesft.com/content/edb18d34-844b-43b5-a78a-fec73f1d0583? Hosted on Acast. See acast.com/privacy for more information.

Tensions between Washington and Beijing reflect a shift in how America views Asia’s superpower. We'll look at how both Joe Biden and Donald Trump are handling China in the presidential campaign. Plus, why a Silicon Valley start-up has decided to disrupt whiskey. How the US elite became hawks on Xi’s Chinahttps://www.ft.com/content/75ce186e-41f7-4a9c-bff9-0f502c81e456Silicon Valley start-up launches ‘Nespresso machine’ for whiskyhttps://www.ft.com/content/3926e3bf-352b-4c47-8acb-d9b47dfa11cb Hosted on Acast. See acast.com/privacy for more information.

Eli Lilly, a US drugmaker, has applied for an emergency authorisation of its Covid-19 antibody in the US. According to documents seen by the Financial Times, the Vatican invested donations for the needy in derivatives that bet on the creditworthiness of Hertz. And the FBI picks up the case of two men found dead in a hotel room in Missouri; British prosecutors had seen the men as potential witnesses in a corruption probe into the multibillion-dollar mining house, Eurasian Natural Resources Corporation. Lilly seeks emergency approval for Covid drughttps://www.ft.com/content/dc7d2abf-1cd2-40db-b040-27b3d9031e8bVatican used charity funds to buy Hertz credit derivativeshttps://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5Silent witnesses: what do three corpses have to do with a corruption case?https://www.ft.com/content/7dc13ec9-721c-41a7-8423-daeb9a743e9a Hosted on Acast. See acast.com/privacy for more information.

Donald Trump abruptly broke off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election, and economists estimate the coronavirus pandemic has put millions more workers across the developed world out of jobs than official unemployment statistics suggest. Plus, why US department store chain Macy’s is set to take a stake in Europe’s highest valued private fintech. Trump calls off stimulus talkshttps://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bbHidden joblessness threatens economic recovery in US and Europehttps://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22Macy’s takes stake in Klarna as part of payment partnershiphttps://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c Hosted on Acast. See acast.com/privacy for more information.

Donald Trump returned to the White House on Monday evening after three days of hospital treatment for coronavirus, although his doctor warned that the president was not yet “out of the woods”. Plus, the IMF is instructing rich countries to spend on infrastructure, and a court case over trade secrets between two South Korean companies could affect the future of electric cars in the United States. Donald Trump returns to White House after three days in hospitalhttps://www.ft.com/content/4909a63c-8f7d-4621-9fba-73b5dac2ee5cIMF calls on rich nations to boost public investmenthttps://www.ft.com/content/fc7ad858-0fdd-401e-bce5-796a8353ba30Stakes are high in bitter battle over battery secretshttps://www.ft.com/content/98678ea4-7eba-4873-8815-47b0efe7c9df Hosted on Acast. See acast.com/privacy for more information.

Donald Trump’s doctors said the president could be discharged from hospital today, after a weekend of mixed messages from the White House concerning Mr Trump’s health. Plus, the FT’s Brexit editor, David Bond, talks with the FT trading room editor Philip Stafford about what financial services will look like after Brexit.  Trump’s doctor says he could be out of hospital on Mondayhttps://www.ft.com/content/f331c9b9-6f2b-4cd5-831c-00cc10929940Brexit and the City: Brussels’ new battle to rival London in financehttps://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9acBrussels’ next financial policy chief warns of Brexit frictionshttps://www.ft.com/content/d80ccc42-9156-4f9f-a103-6a8faa33014b Hosted on Acast. See acast.com/privacy for more information.

Donald Trump and his wife Melania have tested positive for Covid-19 and will start quarantine barely a month before the US presidential election, US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits, and Brussels is suing the UK over plans to violate last year’s Brexit withdrawal agreement. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why Ohio might be the key to the US presidential election. US personal income falls after lapse of Covid benefits https://www.ft.com/content/314c74e3-984c-4bde-bb03-8a05622be305Brussels launches legal action against UK over Brexit deal breachhttps://www.ft.com/content/8389cc9c-3ced-47f1-a85e-710ad20468a2The battle for Ohio: Trump tries to retain edge with working classhttps://www.ft.com/content/8d3e2e6f-3f40-4d1c-905f-b2dd416d055dBiden vs Trump: who is leading the 2020 US election polls?https://ig.ft.com/us-election-2020/Playboy returns to public markets through Spac dealhttps://www.ft.com/content/d79065d3-b6d4-4991-9033-d48dcc383c68 Hosted on Acast. See acast.com/privacy for more information.

Moderna Therapeutics’s chief executive told the Financial Times that the company would not have a vaccine ready before the US election, and Japan adjusts for a digital economy. Plus, the FT’s metals and mining correspondent, Henry Sanderson, explains how western investors’ interest in gold is driving up its price. Moderna chief says its vaccine won’t be ready before US electionhttps://www.ft.com/content/9b242ecc-3dce-4534-9171-cdf624468a2aJapan’s digital leap forward — and about time toohttps://www.ft.com/content/5b8c7ee3-2981-4446-92af-6a8499302210The new gold rush: western investors offset soft eastern demand https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1 Hosted on Acast. See acast.com/privacy for more information.

The first presidential debate quickly turned chaotic, and JPMorgan Chase will have to pay $920m in the largest ever spoofing settlement. Plus, the FT’s Olaf Storbeck uncovers that EY was made aware of potential wrongdoing at Wirecard as far back as 2016. Joe Biden and Donald Trump clash in ill-mannered presidential debatehttps://www.ft.com/content/c77fa4ff-3278-4258-9033-8b62adcdbba5EY whistleblower warned of Wirecard fraud four years before collapse ft.com/content/3b9afceb-eaeb-4dc6-8a5e-b9bc0b16959d?JPMorgan to pay $920m in largest-ever spoofing settlementhttps://www.ft.com/content/f2c918c2-2659-4513-8851-cc40379d4840 Hosted on Acast. See acast.com/privacy for more information.

European stocks lead a global rally on Monday driven by investors scooping up shares in beaten-down sectors, and Donald Trump is beating back allegations of tax avoidance and voter suppression ahead of tonight’s US presidential debate. Plus, the FT’s Michael MacKenzie will explain why investors are rethinking the traditional 60/40 portfolio. Financials lead global equity market reboundhttps://www.ft.com/content/f189b5b1-1e08-4ff1-9994-f1c89d9c1a79Biden portrays Trump as tax dodger after new revelationshttps://www.ft.com/content/68c6f5a0-2080-4f60-8dec-9043a590c838Investors wonder if the 60/40 portfolio has a futurehttps://www.ft.com/content/fdb793a4-712e-477f-9a81-7f67aefda21a Hosted on Acast. See acast.com/privacy for more information.

Argentina’s newly restructured dollar bonds have slumped in value less than a month after a deal was finalised to postpone debt payments, and Swiss voters have defeated a nationalist initiative to tear up their free-movement agreement with Brussels. Plus, the FT’s Mure Dickie explains how Scotland’s push for independence is influencing Brexit talks. Argentina bonds ‘back in hot water’ just weeks after restructuring dealft.com/content/fd786d9b-18b4-4ed3-a531-6af3d2eb5c24?Nicola Sturgeon revives plans for second Scottish independence vote https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43fSwiss voters reject nationalist proposal to curb immigrationft.com/content/5a642ce6-1a76-460c-9857-b880b0fb7bc0 Hosted on Acast. See acast.com/privacy for more information.

The FT’s DC bureau chief Demetri Sevastopulo explains the politics behind Donald Trump’s soon to be revealed Supreme Court justice nominee. Plus, why Donald Trump will not commit to a peaceful transition of power and a preview of next week’s first presidential debate between Trump and Democratic nominee Joe Biden How Trump’s Supreme Court pick could reshape law on abortion and gunshttps://www.ft.com/content/de654768-67f5-482d-893b-24107b45113bDonald Trump steps up fight over Supreme Court nomineehttps://www.ft.com/content/a08b21d4-3745-4aa2-83de-04a06013d026 Hosted on Acast. See acast.com/privacy for more information.

Brussels steps up its campaign against sweetheart corporate tax deals in the EU, TikTok has asked a federal judge to prevent the Trump administration from blocking downloads of the video-sharing app, and the pandemic caused workers around the globe to lose more than $3.5tn of income. Plus, Turkey’s lira is struggling despite the government’s best efforts to lift the currency. The FT’s Laura Pitel explains if the country’s central bank can do anything about it. Brussels ready to clamp down on sweetheart corporate tax dealsft.com/content/7c156756-57a1-4554-af78-d795a41d13f9?edit=trueTikTok requests injunction against ban deadlinehttps://www.ft.com/content/e8c5cb67-f16b-4790-8617-f142f4dc013aPandemic knocks a tenth off incomes of workers worldwidehttps://www.ft.com/content/fabd4737-fa29-45ca-ad62-1b04c71d7b6aLira sinks even as Turkey spends billions of dollars to prop it uphttps://www.ft.com/content/737b5d1a-64d0-4e2d-8ca1-e7bcd4ff4487 Hosted on Acast. See acast.com/privacy for more information.

Facebook, YouTube and Twitter have reached a deal with big advertisers on harmful content, the Covid-19 pandemic will destroy at least 100m jobs worldwide this year and the Bank of England rules out negative interest rates in the near future. Plus, the FT’s Brussels bureau chief, Sam Fleming, explains how the European Union is preparing its financial centers once the UK leaves the bloc. Advertisers strike deal with Facebook and YouTube on harmful contentft.com/content/d7957f86-760b-468b-88ec-aead6a558902?Andrew Bailey rules out UK negative rates in near futurehttps://www.ft.com/content/ecc4a23d-f175-41e9-8f07-852dbe03d062Brexit and the City: Brussels’ new battle to rival London in financehttps://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9ac Hosted on Acast. See acast.com/privacy for more information.

Global stocks suffered a heavy hit on Monday in a rush of nerves about potential new Covid-19 lockdowns, and LVMH’s attempt to walk away from its $16.6bn takeover of Tiffany will go to trial in January. Plus, the FT’s Richard Waters will explain what is in store for Tesla’s Battery Day today and whether the car company can fight off the competition. Global stocks sink on fears of new Covid lockdownshttps://www.ft.com/content/7da536fa-1e96-461c-8172-4aa6c5a8fa8eTiffany gets speedy trial over LVMH’s bid to ditch takeover dealft.com/content/e7b7f86b-28c7-4cec-a282-7e8dee63e425?Beyond the market hype: Tesla tries to expand its lead in batterieshttps://www.ft.com/content/2e5731a1-c7ac-4f3e-ba0a-d9bae5b7fa67 Hosted on Acast. See acast.com/privacy for more information.

Rishi Sunak is set to extend the Treasury’s UK-wide programme of business support loans ahead of what’s expected to be a challenging winter for Covid-19, the European Central Bank has launched a sweeping review of its main pandemic crisis-fighting tool, and Donald Trump has said that the new Oracle-ByteDance partnership will finance a “patriotic” education fund. Plus, the FT’s US energy editor Derek Brower will explain whether the poisoning of Russian activist Alexei Navalny will affect the completion of the Nord Stream 2 pipeline. Sunak to extend business support loans as Covid-19 spread worsens ft.com/content/dfdff1fd-503a-4231-812f-40be4cc4c2b7?ECB to review flagship bond-buying tool in fighting Covid crisishttps://www.ft.com/content/8ff55eff-ed3a-49db-b26a-2f49fa7822d4Doubts surround ‘education fund’ at heart of US TikTok dealhttps://www.ft.com/content/4a9bb9aa-45e3-43b2-9759-3313751ffc8bEU gas groups exposed as pipeline politics threaten Nord Stream 2https://www.ft.com/content/2c713b40-ae7f-47a7-b050-e91ca0879c8f Hosted on Acast. See acast.com/privacy for more information.

ByteDance has agreed to list TikTok on a US stock market at some point after its proposed partnership deal with American software group Oracle, and Donald Trump ’s special envoy to Northern Ireland has warned against creating a “hard border by accident”. Plus, the FT’s Demetri Sevastopulo explains why Democratic US presidential nominee Joe Biden is struggling with Latino voters. ByteDance proposes US IPO for TikTok to woo White Househttps://www.ft.com/content/8d2c74d6-d742-4fa9-b7cf-5af9bb85af6bTrump’s Northern Ireland envoy issues border warningft.com/content/e71b7301-4b35-4a13-bee2-f9446b438e05Biden struggles to close enthusiasm gap with Latino votersft.com/content/a8d65f78-6656-4ed5-a908-695a8be54f48 Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve projects no interest rate increases until at least the end of 2023, and US President Donald Trump has urged Senate Republicans to increase the size of their stimulus proposal. Plus, the FT’s Miles Kruppa explains the excitement behind cloud computing company Snowflake's initial public offering. Fed signals rock-bottom rates until at least end of 2023https://www.ft.com/content/827302da-4257-4bbc-a0fa-9bc98f65d661Trump nudges Republicans to increase economic stimulus offerhttps://www.ft.com/content/e7228443-36ad-4fe9-aa2c-2d0ddefda12bSnowflake doubles in first trades after largest-ever software IPOhttps://www.ft.com/content/eb8e37c9-b4a5-4b4c-a3cf-2eeac98a8f2b Hosted on Acast. See acast.com/privacy for more information.

ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder, FedEx delivered a forecast-beating fiscal first quarter on the back of strong demand for international shipping, and investors will look to the Federal Reserve’s policy-setting committee today for more detail on the central bank’s new inflation policy. Plus, the FT’s motor industry correspondent, Peter Campbell, explains how truckmaker start-up Nikola is defending itself after a short seller’s report claimed the business was an “intricate fraud”.TikTok set to become a standalone US company to satisfy White Househttps://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261FedEx results deliver as pandemic drives ecommerce boomhttps://www.ft.com/content/86e2dc79-e662-3d6f-8252-4ff5fe979fdd#post-54430US Justice Department inquires into Nikola fraud claimshttps://www.ft.com/content/a45a6638-167b-4e27-a9fd-576e7229f959Germany to take in 2,750 migrants from Greek campshttps://www.ft.com/content/50be2fb8-215e-4780-8ece-3163e9ed0819 Hosted on Acast. See acast.com/privacy for more information.

The Trump administration will review the “technical partnership” deal struck between Oracle and ByteDance before deciding whether to approve the agreement, Nvidia’s $40bn agreed purchase of Arm Holdings gives the US company control over a technology that powers everything from mobile devices to data centres, and a Volkswagen executive claims scandals such as “Dieselgate” could no longer pass undetected at Volkswagen. Plus, the FT’s venture capital correspondent, Miles Kruppa, explains what the Trump Administration is considering as it reviews the partnership agreement between ByteDance and Oracle.  Trump administration to review Oracle’s TikTok deal this weekhttps://www.ft.com/content/0ccd4a25-381f-46a7-a9e6-ee12ecf1aa88Nvidia secures control of key global tech with $40bn Arm dealhttps://www.ft.com/content/5bc5d0dc-24cd-407f-9fde-0d38c157d833Dieselgate could not happen again, VW executive claimshttps://www.ft.com/content/777cee39-f811-47d5-9841-5952f9a8bab7?Carlos Ghosn’s deputy goes on trial in Japanhttps://www.ft.com/content/03d8a98b-07b1-4d33-b837-64f065446448? Hosted on Acast. See acast.com/privacy for more information.

SoftBank executives have revived discussions about taking the technology group private, and Netflix is expected to outspend all its major rivals on entertainment content this year. Plus, the FT’s Europe editor, Ben Hall, explains why France and Germany took different approaches to Covid-19 stimulus and why France’s might be considered more of a gamble.  SoftBank executives revive talks on taking Japanese group privateft.com/content/a83648a9-62fe-41d2-88e4-870fb2665b60?Netflix to take crown for spending on films and televisionft.com/content/7d66dd4c-440c-44d3-a234-39346fb69a91?France launches €100bn coronavirus recovery planft.com/content/0921c871-17b5-4e2e-bdea-aab78c2d0090Germany’s ‘ka-boom’ stimulus marks a surprising changehttps://www.ft.com/content/29ddcad4-aa2c-11ea-a766-7c300513fe47Oracle wins bidding war for TikTok’s US operationshttps://www.ft.com/content/4860ec09-212b-45c2-9cc3-27f731816130? Hosted on Acast. See acast.com/privacy for more information.

Brussels has threatened legal action over the UK Brexit treaty breach, and Citigroup will become the first big Wall Street Bank to be run by a female chief executive after appointing Jane Fraser as Mike Corbat’s successor. Plus, the FT’s Tokyo Bureau chief, Robin Harding, will give us a glimpse of what Japan might look like under prime ministerial frontrunner Yoshihide Suga. Citi becomes first big Wall Street bank to be run by female CEO https://www.ft.com/content/029264f1-f9a6-44c4-aa3e-86c7d50e3b55Suganomics’ from A to Z: policies of Japan’s PM frontrunnerhttps://www.ft.com/content/4741f081-cc97-4a46-bdcf-50cdb6336808Russian hackers are targeting both US parties, Microsoft sayshttps://www.ft.com/content/29476d87-0eab-4d2b-b3a6-58e3536807ef Hosted on Acast. See acast.com/privacy for more information.

Some of Wall Street’s most powerful financial institutions are striking deals in China even as relations sour between Beijing and the US, and the European Central Bank will address the strong euro situation...without using its most effective tool. Plus, the FT’s James Fontanella-Khan on why LVMH says it can no longer complete a $16.6bn deal with US jewelry company, Tiffany. Wall Street brushes off political tensions to dig deeper into Chinahttps://www.ft.com/content/01f92c8b-11dc-431c-adaf-c299e3964ff1?ECB will struggle to rein in the euro, say investorshttps://www.ft.com/content/5d935f19-9891-48bb-bfbf-482818de8b63LVMH says it cannot complete Tiffany takeover after France intervenes https://www.ft.com/content/a3dcc777-ab12-4ee9-a147-54de1ac0f7e7The FT’s New Economic Reality event  https://nersciencemarkets.live.ft.com/home?segmentId=dc611fd0-c193-49f1-dc6a-217255a89d6c&utm_campaign=FEEAK Hosted on Acast. See acast.com/privacy for more information.

Workplace messaging app Slack forecast a sharp revenue slowdown in the current quarter from the loss of customers due to the economic downturn, Apple has countersued Epic Games and accused it of masquerading as a “modern corporate Robin Hood”, and a look at SoftBank’s role as the “Nasdaq whale”. Plus, the FT’s Peter Foster explains how the UK is in danger of jeopardizing its Brexit withdrawal agreement with the EU.  Hosted on Acast. See acast.com/privacy for more information.

It has been about six months since coronavirus shook the west. We’ll talk to the FT’s Gillian Tett and Hannah Kuchler about how the pandemic has changed the global economy and the medical industry community in such a short amount of time.  Hosted on Acast. See acast.com/privacy for more information.

The technology stocks that have powered US equities to record highs this summer went into sharp reverse on Thursday, and Apple has for the first time published a human rights policy that commits to respecting “freedom of information and expression”. Plus, the FT’s Katrina Manson will explain why the US military is eyeing a new generation of space weapons. US shares slide 3.5% as tech stocks go into sharp reversehttps://www.ft.com/content/acbd4efd-e8ef-4d16-bf0c-83fc4df83601Apple commits to freedom of speech after criticism of China censorshipft.com/content/a88f5d3d-0102-4616-8b3f-cb0661ba305d?US military officials eye new generation of space weaponshttps://www.ft.com/content/d44aa332-f564-4b4a-89b7-1685e4579e72 Hosted on Acast. See acast.com/privacy for more information.

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 pricesft.com/content/c986281c-7154-48ac-939d-50e46d64c0ee? DHL warns of Covid-19 vaccine delivery problemsft.com/content/52d40ce8-4f6b-4068-8c48-b98fa0f7740b? KKR homes in on Japan as cash-strapped companies offload assetsft.com/content/d59ea8fd-549c-4b0f-b558-e34f53b18f7d?Why Trump no longer talks about the trade deficit with Chinaft.com/content/081e6d25-8d67-4caa-918a-2765a66f0052? Hosted on Acast. See acast.com/privacy for more information.

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-4b80ee40de5bNicola Sturgeon revives plans for second Scottish independence votehttps://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43fMcDonald’s accused of discriminating against black franchiseeshttps://www.ft.com/content/86b89841-4428-4031-9b6d-6341bf6f7cadGlobal economy unlikely to benefit from falling dollarhttps://www.ft.com/content/83c16626-f617-4bb3-872e-fd6723a36c11Google and Apple build contact tracing app https://www.ft.com/content/0ed38c49-fafe-4e7b-bd57-44c705ba52f7 Hosted on Acast. See acast.com/privacy for more information.

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 restructuringft.com/content/e3e8b783-9455-46f3-946f-15c31a29778bGlobal equities complete hottest August since 1986ft.com/content/b37fc114-57e2-4f5e-b4b4-e373dbcd58ccLebanon picks PM as Macron meets celebrated singer Fairuzhttps://www.ft.com/content/eea244c3-39f7-4827-876f-46e1e28c7d8bEurope’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 ticketshttps://www.ft.com/content/a686e554-1e9e-424d-9b6e-0df841f68bb6 Hosted on Acast. See acast.com/privacy for more information.

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 shortagesft.com/content/8f153358-810e-42b3-a529-a5a6d0f2077f?Japan set for new PM in weeks as Shinzo Abe’s party plans speedy votehttps://www.ft.com/content/343dac7a-8260-46cc-a0b2-a4e37ba595e0PwC pledges to review fraud detection after Wirecard scandal shakes industryhttps://www.ft.com/content/c7dfdff2-e834-434d-aa0c-7876dc04a9a5 Hosted on Acast. See acast.com/privacy for more information.

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 partnershiphttps://www.ft.com/content/70551adb-7a6e-47a1-a6d1-070efaa957fdFed to tolerate higher inflation in policy shifthttps://www.ft.com/content/e1e59faa-5005-4e1c-9d54-b1a8d4de9586Black athletes boycott US sports leagues as protests escalate after Blake shootinghttps://www.ft.com/content/c7bb647a-e5fb-4644-8446-9afb69a8e363 Hosted on Acast. See acast.com/privacy for more information.

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 Wuhanft.com/content/f9dea077-66fb-4734-9d1d-076dc93568e1?EU trade commissioner set to resign after furore over Irish dinnerhttps://www.ft.com/content/f53a2bbc-97d6-484d-92e0-7907759cdd93Hurricane Laura threatens to bring ‘unsurvivable’ surge to US Gulfhttps://www.ft.com/content/86d7cac1-210e-49a9-a3ab-9b7b7bb5d8dfCentral bankers face virus hit to global economy at crisis forumhttps://www.ft.com/content/269eec67-1145-41b8-b97c-f43b293017fdLearn more about the FTWeekend Festival here: https://ftweekend.live.ft.com/ Hosted on Acast. See acast.com/privacy for more information.

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 protectionhttps://www.ft.com/content/12f7da5b-92c8-4050-bcea-e726b75eef4d?Low rates help propel US homebuilder stocks to record highshttps://www.ft.com/content/9b54ab06-2d57-44a1-85c2-47c114589c22Ant Group reveals $2.6bn profit as it files for blockbuster IPOhttps://www.ft.com/content/b5f6fed2-2dcf-48dc-9097-a49bff5532dc Hosted on Acast. See acast.com/privacy for more information.

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 networkft.com/content/55642551-f6e8-4f9d-b5ba-a12d2fc26ef9?edit=trueInsurers bet that pandemic will usher in era of higher returnsft.com/content/eda1cdd1-3c0a-4fe5-b41e-173a85da79d8US 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 legacyft.com/content/1521cb7b-44fe-47f3-bdac-92372a8ef129Note: This episode has been updated. Wisconsin police shot and wounded Jacob Blake on Sunday. Hosted on Acast. See acast.com/privacy for more information.

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 electionhttps://www.ft.com/content/b053f55b-2a8b-436c-8154-0e93dcdb3c1aGlobal dividends suffer worst quarterly fall since 2009ft.com/content/a136da68-4cc8-489f-9265-a719b11f75e6?Hedge fund manager admits ‘grave mistake’ in Neiman Marcus battlehttps://www.ft.com/content/084ba24b-a96b-4888-9bd4-c80001c0be07 Hosted on Acast. See acast.com/privacy for more information.

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 sanctionshttps://www.ft.com/content/1fccedf5-bf88-45fe-9a39-2ac378571693Chinese banks’ Hong Kong ranks on track to outnumber global rivalshttps://www.ft.com/content/abbbfcec-736c-47ba-b106-b1bdafebd099If you can do your job anywhere, can anyone do your job?https://www.ft.com/content/fe5a7907-14b9-4e61-9938-ec3dd9d06831Uber and Lyft win reprieve to keep operating in Californiahttps://www.ft.com/content/6b28cb8a-da35-4f02-87cd-780984e6a3ad Hosted on Acast. See acast.com/privacy for more information.

Apple has hit a $2tn market capitalisation just two years after it became the world’s first trillion-dollar company, concern is growing in Germany that a rule introduced as part of the country’s emergency response to coronavirus is fuelling the creation of thousands of so-called zombie groups that could end up sapping the economy for years to come. Plus, as Joe Biden prepares to accept the Democratic nomination for president, he’s putting green energy at the centre of his campaign. Apple market value hits $2tnhttps://www.ft.com/content/ef09a97a-fcea-44d7-a5c0-5dc67becf286Germany haunted by spectre of zombie companieshttps://www.ft.com/content/5d5d1bc1-61a3-46a9-915c-1a1e6f2e5fd2Biden gambles on placing climate change at heart of US energy policyhttps://www.ft.com/content/2ac477e7-34a4-4c0e-b9f4-018cef47d67dAirbnb files for initial public offeringhttps://www.ft.com/content/a35a84b1-8177-40de-99d5-ca04d375cd3b Hosted on Acast. See acast.com/privacy for more information.

Oracle has entered the race to acquire TikTok, EU leaders lined up to urge the Vladimir Putin to help steer Belarus out of its political crisis, and the US postmaster-general has reversed course on a series of controversial cost-cutting measures after Democrats claimed that they would hinder postal voting in the presidential election. Plus, a look at why special purpose acquisition companies are on the increase. Oracle enters race to buy TikTok’s US operationshttps://www.ft.com/content/272cfc69-b268-45ac-88d6-d55821f27e78Putin warns western leaders over ‘meddling’ in Belarushttps://www.ft.com/content/f96fdf91-6826-4af2-923d-ff14947fcd15US postal service delays cutbacks over election fearshttps://www.ft.com/content/2fb59ebf-4e84-4ce6-ab8d-6f1a7dc1a058Can Spacs shake off their bad reputation?https://www.ft.com/content/6eb655a2-21f5-4313-b287-964a63dd88b3 Hosted on Acast. See acast.com/privacy for more information.

Alexander Lukashenko, the strongman president of Belarus, fought for his political future on Monday as protesters called on him to “resign”, stock-trading app Robinhood raised new equity that values the company  at more than $11bn, and the Trump administration has moved to open part of the Arctic wildlife refuge for oil drilling. Plus, the FT’s Anna Gross on the human and economic toll of climate change. ‘Resign!’ Belarus president booed by striking workershttps://www.ft.com/content/2b5d2e59-d50a-4a21-9708-605b1ddf90b1Retail trading app Robinhood’s value tops $11bn on new fundraisinghttps://www.ft.com/content/b208cbbe-579c-4cbf-9358-01ae02b4381bTrump moves to allow oil drilling in Arctic wildlife refugehttps://www.ft.com/content/58b4228f-15ce-40d2-b9bf-688357045b29Rise in coastal flooding poses threat to global economyhttps://www.ft.com/content/6f8fe212-b2e6-49f4-b6b5-c8143ac5392f Hosted on Acast. See acast.com/privacy for more information.

Senior Democrats have called the US postmaster general to testify before Congress amid election fears, pharmaceutical group CureVac has ruled out selling a vaccine at cost, and Italy's businesses enjoy a better than expected rebound from coronavirus. Plus, the FT’s Emiko Terazono on why the decline of travel is bad for the chocolate industry. Further reading:Democrats call postal chief to testify in US mail voting rowhttps://www.ft.com/content/c0128915-ad28-4699-9d5b-9b0a65acaf2bCureVac vows ‘ethical margin’ on price of Covid-19 vaccinehttps://www.ft.com/content/83a418eb-96ae-4b71-b640-6873f315921fItaly’s businesses enjoy ‘better than expected’ virus reboundhttps://www.ft.com/content/73a36f20-bbd4-4d99-a1e9-685788cb9cd9Choc waves: how coronavirus shook the cocoa markethttps://www.ft.com/content/37aa0ac8-e879-4dc2-b751-3eb862b12276 Hosted on Acast. See acast.com/privacy for more information.

Israel and the United Arab Emirates have reached a historic peace deal, Donald Trump has threatened to deprive the US post office of money needed for postal voting in November’s presidential race, and Wells Fargo’s chief compliance officer, Mike Roemer, is leaving after two years of attempting to overhaul the bank’s internal oversight operations.  Plus, the FT’s Christian Shepherd explains why China is treading cautiously in the face of US sanctions. Israel and United Arab Emirates strike historic peace accordhttps://www.ft.com/content/2712a625-e2d4-41f3-9ef1-536d0700cbb8Donald Trump vows to block funding for US postal votinghttps://www.ft.com/content/29dedf1b-a86e-4158-a41b-21bfe88585afWells Fargo’s chief compliance officer quits in risk overhaulhttps://www.ft.com/content/ffeb7a3b-6908-4ea5-a848-841bad14297bChina treads cautiously in the face of US sanctionshttps://www.ft.com/content/4084b0fb-6dc0-4090-a778-3e15694cfa1d Hosted on Acast. See acast.com/privacy for more information.

Small and medium-sized US companies suffered a wipeout in profits in the second quarter amid the Covid-19 crisis, Lyft reported a 61 per cent drop in revenue in the same quarter but says it is seeing signs of a recovery, and Cisco warned of an even bigger drop-off in sales than it has experienced so far during the crisis. Plus, the FT’s Gavin Jackson reports on the UK’s latest GDP data. Then, we look back at the life of media mogul Sumner Redstone.Lyft clings to signs of recovery after pandemic dents revenuehttps://www.ft.com/content/938ea146-2699-4c2d-8511-e634d2d003f8?edit=trueCisco sales warning raises spectre of broad IT spending declinehttps://www.ft.com/content/f737c60e-d632-4eda-9e41-b181c3b5ca04?Coronavirus makes for a brutal quarter for smaller US companieshttps://www.ft.com/content/83d0c41f-be54-48e3-89fe-e78cda5f319cUK economy suffers worst slump in Europe in second quarterhttps://www.ft.com/content/c8b172e2-8f70-4118-9e81-423e9a4b6839Sumner Redstone, media mogul, 1923-2020https://www.ft.com/content/2414b9e4-5ef3-4e46-a760-9592f162e914 Hosted on Acast. See acast.com/privacy for more information.

Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock price collapsed, and McDonald’s is suing its former chief executive, Steve Easterbrook, over sexual conduct allegations. Plus, Russia has become the first country to grant regulatory approval to a vaccine against Covid-19. The FT’s Henry Foy explains what this means for the global race to treat coronavirus. Joe Biden names Kamala Harris as his running matehttps://www.ft.com/content/6b975742-3200-4a5c-902c-e6303f55da03McDonald’s gets tough with former chief over fresh sexual conduct claimshttps://www.ft.com/content/99718ee2-152f-4749-b8d7-db8065a20a39Kodak board member donated $116m in shares to charityhttps://www.ft.com/content/6e7494c4-56cd-4121-8027-ecfc9586958cRussia to start mass use of its Covid-19 vaccine in coming weekshttps://www.ft.com/content/219b973f-c50a-4071-994f-cc4592d43e1b Hosted on Acast. See acast.com/privacy for more information.

A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of its annual stress test. Plus, the FT’s Richard Milne explains why any labelling of Sweden’s approach to coronavirus might be an oversimplification. Uber and Lyft told to treat drivers as employees in Californiahttps://www.ft.com/content/051a319c-e599-4975-90ea-40211b6a1417Fed denies Goldman’s appeal against stress test resultshttps://www.ft.com/content/ba208f8d-a388-4fe5-a01b-2cb030bb9a03Sweden’s pandemic no longer stands outhttps://www.ft.com/content/7acfc5b8-d96f-455b-9f36-b70dc850428f? Hosted on Acast. See acast.com/privacy for more information.

A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devastated Lebanon’s capital. Plus, the FT’s US sports business correspondent, Sara Germano, explains why a group of employees at Nike have asked management to publicly acknowledge the company’s own internal shortcomings on equality before promoting the ideal to consumers. Megadeals lead M&A revival as big companies bulk upft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?Future of Lebanon and entire region at stake, warns Macronhttps://www.ft.com/content/c44ff8e3-1715-499f-8d0e-6774a3d6b8aaBlack employees at Nike object to company’s new adhttps://www.ft.com/content/e8b4a2e3-e0cf-467a-890b-b64db664778a Hosted on Acast. See acast.com/privacy for more information.

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 made public by  the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover talks for TikTok. Appetite for Uber Eats fails to offset ride-sharing collapsehttps://www.ft.com/content/0f0cd5f1-f88d-44e1-8b6a-7b50e48118aaQuicken Loans IPO: mortgage pioneer cashes in a big winhttps://www.ft.com/content/4f7e583a-3327-42fd-80cc-81bde2339a9bHow many jobs were saved by the US small business bailout?https://www.ft.com/content/fd288b21-3391-4881-95a3-6b860c007ec0TikTok deal tests Microsoft’s decades of China experiencehttps://www.ft.com/content/b02d5324-07e6-48ac-b658-b8c400d9b4fc Hosted on Acast. See acast.com/privacy for more information.