FT News Briefing Monday, May 20
May 20, 2019
US intelligence warns companies about risks of doing business in China, focusing on cybersecurity threats. A significant portion of federal bailout funds for farmers has been concentrated among a few operators. India's election hints at a strong win for Narendra Modi, while European elections face challenges as centrist parties struggle against populism. The chapter discusses the UK's continued influence in EU politics despite Brexit, highlighting the role of UK MEPs in shaping future legislative outcomes.
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US Intelligence Warns of China Business Risks
- U.S. intelligence chiefs are warning American companies about the dangers of doing business in China.
- Classified briefings highlight risks like cyberattacks and property theft, a highly unusual step.
Unequal Distribution of Farm Bailout Money
- A small group of U.S. farm operators received over half the bailout money meant to offset trade war losses.
- This reveals a potential imbalance in aid distribution within the agricultural sector.
Modi Poised for Victory in Indian Elections
- Exit polls suggest India's Prime Minister Narendra Modi is likely to win another five-year term.
- His Hindu nationalist BJP party is expected to be the largest in parliament.