FT News Briefing Monday, November 11
Nov 11, 2019
Christine Lagarde might face calls for reforming the European Central Bank's monetary policy. Apple has impressively gained over $400 billion in market capitalization this year. Meanwhile, Bolivia's President Evo Morales has resigned after nearly 14 years. Spain struggles with political deadlock, and TikTok's influence on youth culture and entrepreneurship is on the rise. Students are forming TikTok clubs and exploring its potential in music and e-commerce, marking a significant shift in how media is consumed.
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ECB Overhaul
- The European Central Bank (ECB) may undergo an operational overhaul.
- Proposals include regular policy votes and pre-discussion of plans with the council.
Apple's Paradoxical Success
- Apple's share price has increased by 65% this year, despite falling earnings and revenues.
- Investors remain optimistic due to the potential of Apple's services revenue and 5G technology.
Morales Resigns
- Bolivian President Evo Morales resigned after 14 years following a contested election.
- Police supported protestors who alleged election manipulation.