FT News Briefing Tuesday, March 12
Mar 12, 2019
Amid rising tensions over Brexit, the UK Prime Minister secures a revised deal as EasyJet prepares for potential fallout. U.S. executives might skip Russia’s economic forum, signaling growing unease. The aftermath of two tragic 737 Max 8 crashes raises questions for Boeing and ignites discussions about aviation safety. Meanwhile, the latest budget proposal from President Trump threatens another government shutdown, complicating the political landscape further.
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May's Last-Ditch Brexit Talks
- Theresa May flew to Strasbourg for last-ditch Brexit talks with Jean-Claude Juncker.
- They announced concessions to reassure Eurosceptic Conservatives concerned about the Irish backstop.
EasyJet's Brexit Contingency
- EasyJet is stockpiling aircraft parts in Europe and transferring planes to its Austrian subsidiary.
- This is a Brexit contingency plan in case a no-deal Brexit disrupts supply chains.
US Boycott of Russian Forum
- US officials and executives threaten to boycott Russia's economic forum.
- This is due to the detention of US investor Michael Calvi, arrested on fraud charges he denies.