FT News Briefing David Cameron breaks Greensill silence, investors brace for corporate tax hikes
Apr 12, 2021
David Cameron opens up about his missteps in lobbying for Greensill Capital. Meanwhile, Chinese tech giant Xiaomi is ramping up its chip investments amid U.S. pressures. Microsoft is set to acquire voice tech pioneer Nuance for a staggering $16 billion. Investors are bracing for President Biden's looming corporate tax increases, raising concerns in the equities market. It’s a whirlwind of corporate maneuvering and economic implications that spotlight the evolving financial landscape.
AI Snips
Chapters
Transcript
Episode notes
Cameron's Greensill Involvement
- David Cameron admitted to mistakes in his Greensill lobbying, particularly texting Rishi Sunak.
- He defended lobbying for Greensill's access to a COVID-19 loan scheme but regretted not using formal channels.
Chinese Chip Investment
- Xiaomi and Huawei are investing heavily in Chinese chip companies.
- This is driven by US sanctions and the increasing tech war between the US and China.
US Bank Earnings Outlook
- US bank earnings are expected to show record growth, driven by M&A and investment banking fees.
- There's uncertainty about the continued momentum due to a potential slowdown in the SPAC market.