FT News Briefing Thursday, May 9
May 9, 2019
New U.S. sanctions target Iran's metal sectors as the country halts compliance with the nuclear deal. Disney suffers a $353 million financial blow from its stake in Vice Media. The legal case against former Nissan CEO Carlos Ghosn takes a twist with evidence from a laptop in Lebanon. Meanwhile, political tensions swirl around the Mueller report, with demands for its unredacted version clashing against executive privilege claims. The landscape of U.S.-China trade negotiations also shifts amid growing political friction.
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Iran Nuclear Deal and Sanctions
- The U.S. imposed sanctions on Iran's metal sectors after Iran's announcement regarding the 2015 nuclear deal.
- Other countries involved in the deal, including France, Germany, and the U.K., are concerned about Iran potentially reviving its nuclear program.
Disney's Vice Media Write-Down
- Disney wrote down $353 million from its Vice Media stake after an initial write-down of $157 million.
- Vice Media faces challenges in the digital media world as ad sales shift towards giants like Facebook and Google.
Carlos Ghosn Case
- Tokyo prosecutors used information from a laptop found in Lebanon to build their case against former Nissan boss Carlos Ghosn.
- This information reportedly allowed them to investigate financial transactions and claims of Ghosn moving Nissan's money into companies owned by his family.