FT News Briefing Tuesday, January 14
Jan 14, 2020
The UK is seeking to reclaim £10m linked to no-deal Brexit preparations while U.S. intelligence raises concerns over Huawei's role in 5G. Meanwhile, the U.S. Treasury has removed China’s label as a currency manipulator. As the Iowa caucuses approach, Democratic contenders are refining their strategies. Impeachment proceedings could shake up their campaigns, and major banks are gearing up for their fourth-quarter earnings reports. A captivating political and economic landscape unfolds!
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Brexit Funds Recoup
- The UK government paid organizations millions for a no-deal Brexit campaign.
- Now, they are trying to recoup the funds after avoiding no-deal.
Huawei 5G Security Threat
- The US presented new intelligence to the UK, arguing against Huawei's inclusion in the 5G network.
- They claim it poses a significant security threat.
China Currency Label Dropped
- The US Treasury dropped China's currency manipulator label.
- This signals further easing of trade tensions between the two nations.