FT News Briefing Monday, January 13
Jan 13, 2020
Nissan is secretly planning a possible split from Renault, stirring up industry chatter. The UK's MI5 reassures that intelligence ties with the US remain strong, even with Huawei tech in 5G. Meanwhile, Panera Bread is reducing meat on their menu significantly. The ongoing crisis at Boeing has intensified, highlighted by troubling internal communications that expose safety concerns and corporate culture issues. The hefty exit package for a former CEO amidst scandals raises eyebrows and outrage, as new leadership takes the helm.
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Nissan-Renault Split
- Nissan executives are accelerating secret contingency planning for a potential split from Renault.
- This follows the arrest and escape of Carlos Ghosn and reveals cracks in the two-decade alliance.
Huawei 5G and UK-US Relations
- The head of MI5 says there's no reason to think that the UK's intelligence-sharing relationship with the US would be damaged by using Huawei 5G technology.
- This contrasts with US warnings, creating a dilemma for UK Prime Minister Boris Johnson.
Panera Bread's Menu Shift
- Panera Bread plans to reduce meat-based items by a third and add more plant-based options over the next two years.
- This follows rising demand for meat alternatives but carries the risk of customer backlash.