FT News Briefing Wednesday, June 19
Jun 19, 2019
Facebook's ambitious digital currency plans stir controversy among banks and regulators. Meanwhile, Renault and Nissan quietly shift their joint operations, signaling a shift in partnerships. The UK Conservative Party narrows its leadership contenders to five, adding to the political drama. Additionally, insights on Slack's upcoming direct listing highlight its evolution into a key business platform and the challenges it faces in managing information efficiently.
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Libra's Uncertain Future
- Facebook's new digital currency, Libra, raises questions about its impact on traditional finance and regulations.
- Banks are skeptical about Libra's adoption due to its fluctuating value and regulatory hurdles.
Renault-Nissan Alliance Unravels
- Renault-Nissan alliance is quietly dissolving joint operations after Carlos Ghosn's arrest.
- Key departments are shrinking, signaling a weakened partnership.
UK Conservative Leadership Race
- The UK Conservative Party leadership race narrows to five candidates after the second round of MP voting.
- Boris Johnson leads, while other candidates debate Brexit strategies.