FT News Briefing Wednesday, December 11
Dec 11, 2019
Boris Johnson urges voters as the UK faces a critical election. Meanwhile, Saudi Arabia aims for a staggering $2 trillion valuation of Saudi Aramco. In the U.S., impeachment articles against Donald Trump are unveiled, coinciding with significant changes to the USMCA trade deal. The discussion also highlights Europe's green trade policies, examining the tension between climate goals and protectionist motives. Additionally, the podcast reveals the conflicts between wealthy nations and developing countries regarding environmental standards and trade practices.
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Johnson's Campaign Gaffes
- UK Prime Minister Boris Johnson faced criticism for two campaign missteps.
- He pocketed a reporter's phone displaying a photo of a sick child and was accused of politicizing the London Bridge attack.
Aramco Valuation Push
- Saudi Arabia is pushing for a $2 trillion valuation for Aramco, encouraging funds to buy shares.
- They've employed tactics like offering loans and leveraging previous detainees' families.
Trade and Impeachment
- The White House and Democrats agreed on the USMCA trade deal.
- This happened on the same day Democrats unveiled articles of impeachment against President Trump.