FT News Briefing There’s active interest in passive funds
Jan 25, 2024
The US aviation regulator has taken a strong stance on Boeing, blocking production expansion of its best-selling 737 MAX. Political tensions rise in Poland as Donald Tusk faces off against Andrzej Duda over a presidential pardon. A study suggests passive funds will dominate the US fund market by 2027, highlighting their increasing appeal. Meanwhile, France pressures the UK to address significant shortfalls in nuclear projects, while Israel is working on a buffer zone in Gaza. The financial landscape continues to shift as passive investing gains momentum.
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Boeing's Production Woes
- The FAA blocked Boeing from increasing 737 MAX production after a door blew out mid-flight.
- This follows the grounding of all 737 MAX 9 jets, impacting Boeing's most popular model.
Nuclear Project Funding Gap
- France's electricity operator faces a multi-billion-pound shortfall in UK nuclear projects.
- The French government's request for UK aid is expected to be poorly received, especially after the UK's recent £800 million investment and reluctance for further funding.
Political Clash in Poland
- Poland's new Prime Minister, Donald Tusk, and President Andrzej Duda clash over reforms.
- Tusk accuses Duda of enabling the previous government's abuse of power, sparking a battle over state media control.