FT News Briefing Monday, June 3
Jun 3, 2019
Donald Trump kicks off his first state visit to the UK, navigating the complexities of a strained special relationship. Meanwhile, Blackstone makes waves with the largest private real estate deal ever. Tech giants in the U.S. are reassessing their supply chains amid the escalating U.S.-China trade tensions. Plus, insights from Apple’s Worldwide Developers Conference tease major updates, including the decline of iTunes and a pivot to new media strategies. Exciting times await for app developers as anticipated announcements loom.
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Trump's Controversial UK Visit
- Donald Trump's UK visit is causing tension, as he endorsed Boris Johnson in the Conservative leadership contest.
- He also criticized Brexit talks and suggested Nigel Farage lead negotiations, breaking protocol.
Blackstone's Warehouse Deal
- Blackstone's acquisition of GLP's warehouses for $18.7 billion is the largest private real estate deal ever.
- This cements Blackstone's position as the top global property owner, driven by rising e-commerce.
Tech Supply Chain Concerns
- US tech companies are reviewing their supply chains due to the US-China trade war.
- They are concerned about sanctions and potential restrictions on exports from China, including rare earth minerals.