FT News Briefing EU to allow UK data flow, commodities boom, China's box office
Feb 15, 2021
Brussels allows data to flow freely from the EU to the UK, impacting tech and health sectors. Argentina's vice president seeks to postpone a vital debt deal with the IMF, causing economic jitters. Meanwhile, a commodities boom is underway, with high prices for oil and copper signaling a potential supercycle. In China, the box office is thriving, showcasing a resurgence in movie-going despite Hollywood's quieter scene. The podcast dives into these dynamic global developments shaping the economy and entertainment.
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EU-UK Data Flow
- The EU will allow data to flow freely to the UK, benefiting sectors like health and tech.
- This decision is subject to review every four years and open to legal challenges.
Argentina's IMF Deal
- Argentina's vice president wants to delay a $44bn IMF deal and spending cuts until after the October elections.
- Argentina's economy is struggling, with near-zero foreign exchange reserves.
Commodities Super Cycle
- Commodities like copper and oil are potentially entering a 'super cycle' of higher prices due to increased demand and low supply.
- A super cycle is a structural increase in demand met by very slow supply.