FT News Briefing EU pitches post-Trump alliance with US, Covid-19 vaccine rollout, Lam’s cash problem
Nov 30, 2020
The EU is seizing a unique chance to rebuild its alliance with the US, aiming to tackle global challenges together. Excitement is building as the first Covid-19 vaccine prepares for international distribution. Meanwhile, Hong Kong's leader reveals she's hoarding cash due to US sanctions, shining a light on her financial struggles. Additionally, the UK is positioning itself as a global defense leader post-Brexit, with significant funding boosts and bold initiatives like a cyber force and advancements in military AI.
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EU-US Relations Reset
- The EU seeks to reset its relationship with the U.S. after Trump's presidency.
- This involves collaborating on areas like climate change, health, and China relations.
Imminent Vaccine Rollout
- The first Covid-19 vaccine rollout is expected as early as December 7th, 2020.
- The UK, US, and Germany are preparing for approvals and distribution.
Lam's Cash Problem
- Due to US sanctions, Hong Kong leader Carrie Lam receives her salary in cash.
- She now has "piles of cash" at home, impacting her financial transactions.