FT News Briefing

Australia wants its port back

36 snips
Aug 5, 2025
Tensions are rising as the U.S. considers increasing tariffs on India linked to Russian oil purchases. Meanwhile, Deutsche Bank's CEO faces scrutiny over a controversial trade. Australia is keen to reclaim a strategically important port from China, highlighting complex geopolitics. In a surprising move, Tesla’s board has awarded Elon Musk a whopping $30 billion in shares to ensure his commitment to the company amidst threats of resignation.
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INSIGHT

US Tariffs Threaten India Over Russian Oil

  • The U.S. threatens to impose a 25% tariff on India over its refusal to reduce Russian oil imports. - India remains Russia's largest crude oil market, importing about one-third of its oil from Russia last year.
INSIGHT

Deutsche Bank CEO's Conflict Issue

  • Deutsche Bank CEO Christian Sieving signed off a €1.6 billion 2010 deal and later oversaw an audit scrutinizing that same deal. - This raises conflict of interest concerns as the audit led to legal challenges involving bank employees.
INSIGHT

Tesla Board Awards Musk $30bn Shares

  • Tesla's board awarded CEO Elon Musk $30 billion in shares amid shareholder lawsuits over previous excessive pay. - Musk threatened to resign unless given more control, influencing the board's decision.
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