FT News Briefing Friday, March 8
Mar 8, 2019
Paul Manafort receives a near four-year prison sentence, highlighting a dramatic moment in politics. Airbus faces financial strain as it rules out loan repayments for the A380. Meanwhile, Facebook's shift to privacy raises concerns about its advertising-dependent model. A new study reveals the gender wealth gap could take 200 years to close. Additionally, business software applications are on the rise, boosting tech stocks as investors regain confidence in the sector.
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Manafort Sentencing
- Paul Manafort, Trump's former campaign manager, received a nearly four-year prison sentence for tax and bank fraud.
- The charges relate to his consulting work in Ukraine, unrelated to Russian election interference.
Airbus Loan Repayment
- Airbus likely won't repay millions in loans for the A380 superjumbo program, citing a risk partnership with governments.
- Departing CEO Tom Enders argues the program benefited European taxpayers despite its failure.
Facebook's Privacy Pivot
- Facebook's shift towards privacy raises questions about its advertising-based business model.
- Integrating messaging services and exploring new revenue streams may be a strategic move to address these concerns.