FT News Briefing Thursday, June 13
Jun 13, 2019
Political unrest grips Hong Kong as protests erupt over a controversial extradition bill. In the UK, Boris Johnson emerges as a key player amidst Brexit uncertainties. Meanwhile, the U.S. announces plans for a military base in Poland to host 1,000 troops. On the financial front, homeowners in the U.S. are eagerly refinancing their mortgages, thanks to falling interest rates. Experts discuss how potential rate cuts from the Federal Reserve could further impact the housing market.
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Extradition Bill Controversy
- Hong Kong's Chief Executive, Carrie Lam, is determined to proceed with a controversial extradition bill.
- This bill has ignited widespread protests and raised concerns about China's influence.
Johnson's Brexit Stance
- Boris Johnson, in his bid for Conservative Party leadership, softened his Brexit stance.
- He now claims a no-deal Brexit would be a last resort, not the goal.
US Troops in Poland
- President Trump announced Poland will fund a facility for 1,000 US troops.
- This move addresses Poland's concerns about Russian influence, but the troops' permanence is unclear.