FT News Briefing A worsening migration crisis in the Americas
Sep 15, 2022
Tensions rise as the US and EU scrutinize Turkey's role in evading sanctions against Russia. Meanwhile, Porsche is racing against Ferrari with its own IPO launch. The real eye-opener comes from a deep dive into the unprecedented migration crisis sweeping across the Americas, driven by economic collapse and political turmoil in countries like Venezuela and Haiti. As midterms loom, the impact on U.S. politics is undeniable, with Biden navigating complex strategies to manage the influx of migrants.
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Sanctions Pressure on Turkey
- The U.S. and EU are pressuring Turkey not to help Russia evade sanctions.
- They worry about Turkish banks joining Russia's Mir payment system, creating a loophole.
Porsche's IPO and Luxury Ambitions
- Volkswagen plans to publicly list Porsche, aiming for a Ferrari-like luxury brand valuation.
- Porsche offers a wider range of models but lacks Ferrari's exclusivity, argues Peter Campbell.
Worsening Migration Crisis
- The Americas face a worsening migration crisis, with record numbers of people heading to the US.
- Economic hardship, COVID, and the collapse of Venezuela are driving factors, explains Michael Stott.