FT News Briefing The return of David Cameron
4 snips
Nov 14, 2023 A sudden ban on short selling in South Korea is stirring controversy among global investment banks. Rishi Sunak’s shock announcement of David Cameron’s return as Foreign Secretary has sent ripples through UK politics. Meanwhile, Hollywood is bouncing back with a new labor deal that empowers actors and writers, addressing critical issues like AI protections. The entertainment industry faces scrutiny over budget cuts at major studios, raising concerns about content quality and job security.
AI Snips
Chapters
Transcript
Episode notes
South Korea's Short-Selling Ban
- South Korea banned short selling until June, claiming it undermines fair market pricing.
- Global banks criticized this decision, arguing it hinders accurate company valuation and reduces market liquidity.
Tories in Trouble
- The Conservative Party's popularity has plummeted, posing an existential threat to the party.
- Brexit, economic woes, and public spending restraint contribute to this decline, potentially leading to a historic defeat.
Cameron's Return
- UK Prime Minister Rishi Sunak brought back former PM David Cameron as Foreign Secretary.
- This surprising move aimed to reassure moderate conservatives and signal a shift from the party's recent rightward drift.