FT News Briefing Thursday, February 20
Feb 20, 2020
UBS has named Ralph Hamers its new CEO, while Boeing seeks a $100 million tax break to dodge retaliatory tariffs. The UN is partnering with a tech start-up to understand sentiments on peace in war zones. In the political arena, Michael Bloomberg's massive ad spending is shaking up the Democratic primary, with nearly half a billion dollars spent to gain traction. The podcast also dives into the dynamics of campaign financing and innovative advertising strategies that are shifting electoral landscapes.
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UBS Leadership Change
- UBS appointed ING's Ralph Hamers as their new CEO, replacing Sergio Ermotti.
- Ermotti successfully turned around UBS after the financial crisis, boosting earnings and cleaning up the balance sheet.
Boeing's Tax Break Gambit
- Boeing requested the suspension of a $100 million annual tax break in Washington state.
- This aims to prevent retaliatory tariffs from the EU related to a dispute with Airbus dating back to the early 2000s.
AI for Peace
- UN peacekeepers are partnering with Remesh to use AI in peace negotiations.
- This technology will gather opinions from people in conflict zones via smartphones and SMS, aiming to create more durable peace agreements.