FT News Briefing Wednesday, March 6
Mar 6, 2019
Italy's potential agreement to join China's Belt and Road Initiative raises eyebrows. JPMorgan Chase's decision to stop banking private prisons sparks a debate on ethics in finance. Meanwhile, former New York City mayor Michael Bloomberg opts out of the 2020 presidential race. The podcast also dives into Huawei's legal battle against U.S. sanctions, examining the broader implications of tensions between tech firms and government regulations.
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Italy Endorses China's BRI
- Italy is poised to become the first G7 nation to endorse China's Belt and Road Initiative (BRI).
- This move could strain relations with the US and EU, who have concerns about China's growing influence.
JPMorgan Chase Exits Private Prison Industry
- JPMorgan Chase will no longer provide banking services to private prisons.
- This follows pressure from activist groups concerned about the treatment of detained immigrant families.
Bloomberg Won't Run in 2020
- Michael Bloomberg has decided not to run for president in 2020.
- He cited the crowded Democratic field as a key factor in his decision.