FT News Briefing Thursday, September 5
Sep 5, 2019
Boris Johnson faced significant setbacks as Parliament moved to prevent a no-deal Brexit and blocked his election call. Slack showcased impressive revenue growth despite predicting greater losses post IPO. In Hong Kong, the controversial extradition bill was withdrawn amidst ongoing protests. Apple made a return to the bond market after a long hiatus. Meanwhile, YouTube agreed to a hefty $170 million privacy settlement, and Google is embroiled in allegations of secretly sharing personal data with advertisers, raising eyebrows about its data practices.
AI Snips
Chapters
Transcript
Episode notes
Johnson's Brexit Defeats
- UK Prime Minister Boris Johnson lost two crucial Brexit votes.
- MPs supported delaying Brexit and blocked his call for an election.
Slack's Mixed Results
- Slack reported increased revenue but projects bigger losses.
- Despite strong initial growth, their predicted growth rate is slowing.
Hong Kong Bill Withdrawal
- Hong Kong's leader, Carrie Lam, withdrew the extradition bill.
- This bill sparked months of protests, but activists say it's 'too little, too late'.