FT News Briefing Trump accepts the Republican nomination
Jul 19, 2024
Donald Trump officially accepted the Republican nomination, delivering a speech filled with patriotic fervor while taking jabs at Democrats. As HSBC prepares for a leadership transition, the new CEO will face challenges in a changing financial landscape. The European Central Bank opts to maintain current interest rates amidst economic uncertainty. Meanwhile, the podcast delves into the revival of the space race, exploring the ambitious goals of lunar exploration and the quest for sustainable human presence on the Moon.
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Trump's Acceptance Speech
- Donald Trump accepted the Republican nomination and focused on unity.
- He also took jabs at Democrats and President Biden.
HSBC's Challenges
- HSBC's new CEO, Georges Elhedery, faces challenges like maintaining growth amidst falling interest rates.
- He must also navigate geopolitical tensions due to HSBC's presence in Asia and the West.
Cost-Cutting at HSBC
- HSBC's new CEO must continue cost-cutting measures.
- These were initiated by outgoing CEO Noel Quinn.