FT News Briefing Monday, October 14
Oct 14, 2019
Boris Johnson is strategizing for a crucial week in Brexit negotiations as he faces internal party dynamics. The impact of Federal Reserve interest rate cuts on banks highlights challenges, especially for regional lenders. Levi Strauss balances modernization and sustainability with innovative practices like laser technology, while navigating profits and philanthropy in business. The controversial topic of super voting shares shines a light on governance issues in family-owned companies, raising questions about equity for public investors.
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Brexit Deal Challenges
- UK Prime Minister Boris Johnson seeks a Brexit deal at the EU summit.
- Securing a deal faces challenges from both UK and EU sides.
Interest Rate Impact on Banks
- The Federal Reserve's interest rate cuts impact bank profitability.
- Smaller banks with interest-rate-sensitive loans are most affected.
Levi's Laser Technology
- Levi Strauss uses lasers to reduce the environmental impact of their jeans production.
- This method significantly cuts down the chemical usage in their finishing process.