FT News Briefing Thursday, June 6
Jun 6, 2019
Fiat Chrysler has called off its €33bn merger with Renault, citing job security as a concern. The IMF's Christine Lagarde discusses the detrimental effects of U.S.-China tariffs on the global economy. YouTube intensifies its effort against hate speech by banning supremacist content. Additionally, the struggles of individuals attempting to erase personal information from data broker sites highlight ongoing challenges around online privacy and the need for better regulations.
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Merger Withdrawal
- Fiat Chrysler withdrew its merger proposal with Renault due to concerns from the French government and unions.
- These concerns arose over job security reassurances from Fiat Chrysler.
Tariff Impact
- IMF chief Christine Lagarde warns that US-China tariffs are "self-inflicted wounds" on the global recovery.
- The IMF estimates these tariffs could cut global growth by a third in 2020.
YouTube Ban
- YouTube bans supremacist content after facing criticism for not removing homophobic content.
- This ban includes videos promoting discrimination or glorifying Nazi ideology.