FT News Briefing Corporate America after the Capitol insurrection
Jan 6, 2022
Explore the shifting financial landscape as the Federal Reserve hints at aggressive rate hikes while tech stocks take a tumble. Dive into Europe's energy crisis with Germany's Uniper seeking a massive rescue amid soaring gas prices. Discover how corporate America is grappling with the aftermath of the Capitol insurrection, balancing political donations and the need for a stable democracy. Lastly, examine Hong Kong's rising food prices due to pandemic disruptions. It's a whirlwind of economic challenges and corporate accountability!
AI Snips
Chapters
Transcript
Episode notes
Uniper's Financial Troubles
- Uniper, a German utility, needed €10 billion in financing due to the energy crisis.
- This highlights the fragility of European energy markets and reliance on Russian gas.
European Energy Crisis
- The UK has seen smaller power companies go bankrupt due to the energy crisis.
- This situation pressures European governments and highlights dependence on Russia.
Corporate Response to January 6th
- Many companies condemned the January 6th attack and some paused political donations.
- However, some quietly resumed funding certain candidates through indirect channels.