FT News Briefing Wednesday, October 30
Oct 30, 2019
British MPs are gearing up for a general election on December 12, stirring up debates on Brexit and party strategies. In the automotive world, Peugeot is eyeing a merger with Fiat Chrysler, creating waves in the industry. Meanwhile, Boeing's CEO faced tough questions from US senators regarding the safety of the 737 MAX after two tragic crashes. Additionally, a WhatsApp hack targeted journalists and dissidents, raising alarms about digital privacy and surveillance risks.
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General Election Gamble
- UK Prime Minister Boris Johnson is calling for a general election on December 12th.
- This is a gamble as he might lose Brexit support if his party doesn't win.
Divisive Election
- The upcoming UK election is predicted to be highly divisive and fiercely contested.
- Brexit is the main focus, but differing economic agendas also play a large role.
Potential Car Company Merger
- Fiat Chrysler and Peugeot's parent company, PSA, are discussing a potential merger.
- This follows FCA's withdrawn merger proposal with Renault a few months prior.