FT News Briefing ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan
Sep 3, 2020
The strength of the euro is raising alarms at the European Central Bank, potentially impacting economic recovery. DHL reveals a worrying forecast—two-thirds of the global population may struggle to access frozen Covid-19 vaccines. Meanwhile, KKR is intensifying its focus on Japan's market as cash-strapped firms look to offload assets. In a surprising turn, Trump is scaling back his harsh rhetoric on U.S.-China trade relations, hinting at changing political dynamics in the wake of the pandemic.
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ECB's Euro Concerns
- The European Central Bank (ECB) is concerned about the euro's strength against the dollar.
- This rise could hinder exports, lower prices, and necessitate more stimulus.
Vaccine Delivery Challenges
- COVID-19 vaccine distribution faces a "last-mile" challenge.
- Many regions lack sufficient cooling facilities to store vaccines properly.
KKR's Japan Focus
- KKR plans to increase investment in Japanese companies.
- This includes those with underused assets, like railways and manufacturers.