FT News Briefing Monday, May 13
May 13, 2019
Larry Kudlow hints at possible face-to-face talks between Trump and Xi Jinping, stirring hopes for a U.S.-China trade revival. Volkswagen faces governance turmoil, with shareholders urged to act against most board members. Meanwhile, Boeing is set to overhaul aircraft safety certification processes to rebuild trust in aviation. On the private equity front, firms are increasingly avoiding the UK post-Brexit, redirecting investment towards more stable markets in Europe due to ongoing uncertainties.
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Potential US-China Trade Deal Rescue
- US and China could salvage trade deal with a presidential meeting at the G20 summit.
- This comes as the US plans higher tariffs on Chinese goods if negotiations fail.
Volkswagen Board Faces Shareholder Showdown
- Advisory groups urge Volkswagen shareholders to vote against most of the board.
- This is due to concerns over leadership, especially members present during the 2015 diesel emissions scandal.
Boeing Expects Regulatory Shift
- Boeing anticipates major changes in aircraft safety certification following the 737 MAX crashes.
- Lead independent director David Calhoun defends CEO Dennis Muilenburg's actions during the crisis.