FT News Briefing Monday, September 23
Sep 23, 2019
SoftBank is making moves to remove Adam Neumann from WeWork, signaling a shift in confidence. Meanwhile, Trump and Modi united at a rally in Texas, showcasing their partnership. Jeremy Corbyn is pushing back against rumors of his resignation during the Labour Party conference. As world leaders prepare for the UN General Assembly and climate summit, the urgency of climate action is palpable, especially amid accusations of greenwashing in U.S. businesses. Key geopolitical issues like Iran and Brexit are also on the agenda.
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SoftBank's Loss of Faith
- SoftBank is moving to oust WeWork CEO Adam Neumann.
- This comes after WeWork's IPO was shelved and reports emerged about Neumann's behavior.
Trump-Modi Rally
- Donald Trump and Narendra Modi displayed unity at a rally in Houston.
- Despite this, Trump maintained pressure on India for trade concessions.
Corbyn's Denial
- Jeremy Corbyn denied resignation rumors, calling them "wishful thinking."
- Labour's conference was marred by infighting and Brexit policy disagreements.