FT News Briefing Wednesday, September 4
Sep 4, 2019
UK political dramas unfold as Conservative rebels challenge Boris Johnson's Brexit stance, pushing the nation closer to a general election. Meanwhile, Italy's Five Star Movement opts for a coalition with a center-left partner, reflecting shifting alliances. In the U.S., Walmart reacts to recent tragedies with new ammunition sales restrictions, highlighting a growing concern for safety. Additionally, the U.S. manufacturing sector faces a contraction for the first time since 2016, fueled by trade tensions and economic uncertainty.
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Brexit Turmoil
- UK Conservative rebels inflicted a Commons defeat on Boris Johnson's Brexit policy.
- This leaves Britain on the brink of a general election.
Italian Coalition Shift
- Italy's Five Star Movement voted to form a coalition with the center-left Democratic Party.
- This likely ends the leadership of far-right Matteo Salvini.
Walmart Restricts Ammunition Sales
- Following a mass shooting, Walmart will restrict ammunition sales, impacting its market share.
- The retailer will also discourage open carry in states where it's legal.