FT News Briefing Tuesday, April 16
Apr 16, 2019
A devastating fire engulfed Notre-Dame Cathedral, leaving Paris in shock. Meanwhile, an environmental protest caused major disruptions in London, demanding urgent action. Goldman Sachs faces challenges with a delay in their strategic update amid stock declines. A troubling pay gap between US CEOs and employees was revealed, raising questions about corporate responsibility. Netflix is reshaping TV production financing, offering new opportunities for creators while also navigating a competitive streaming landscape.
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Notre Dame Fire
- Notre-Dame Cathedral, a historical landmark in Paris, was devastated by a fire.
- French President Emmanuel Macron vowed to rebuild the iconic structure.
Climate Protests Disrupt London
- Extinction Rebellion, an environmental activist group, staged protests across London, causing major disruptions.
- They demand the UK government declare a climate emergency and reduce emissions.
Goldman Sachs Earnings Dip
- Goldman Sachs saw a 21% drop in net earnings, impacting share prices.
- The bank also postponed its strategic update, originally planned for Spring 2019.