FT News Briefing Monday, July 29
Jul 29, 2019
The UK chancellor announces over £1bn for no-deal Brexit preparations. Deutsche Bank investigates a serious data breach involving former staff accounts. President Trump shakes up the intelligence community by replacing Dan Coats. Foreign car manufacturers face severe production limits in China. Meanwhile, the London Stock Exchange is eyeing a major $27 billion takeover of Refinitiv, aiming to enhance its market position and tackle historical challenges.
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No-Deal Brexit Funding
- The UK government is increasing no-deal Brexit funding by over £1 billion.
- Chancellor Sajid Javid says this will cover border force officers, businesses, and infrastructure.
Deutsche Bank Data Breach Investigation
- Deutsche Bank is investigating a potential data breach after layoffs.
- Dozens of fired staff retained system access, raising concerns about confidential client data.
New US Intelligence Director
- President Trump is replacing Dan Coats with John Ratcliffe as Director of National Intelligence.
- Coats, who challenged Trump on security matters, will leave on August 15th.