FT News Briefing Trump reverses on TikTok, WTO candidates on judicial system, oil earnings
Aug 4, 2020
President Trump surprises everyone by reversing his stance on Microsoft's TikTok bid. Meanwhile, candidates for the World Trade Organization argue the U.S. criticisms of global trade law are quite valid. In North Korea, foreign aid groups fight COVID-19 by surprisingly borrowing funds from the government. The podcast delves into how major oil companies are adapting to pandemic pressures, highlighting the contrasting approaches of European firms embracing cleaner energy while U.S. companies remain loyal to fossil fuels.
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Trump Reverses on TikTok
- President Trump reversed his stance on TikTok, now allowing a U.S. company to buy it.
- He wants the U.S. government to get a cut of the sale, raising questions about the legality and logistics.
WTO Candidates on Judicial System
- Leading candidates for WTO Director-General agree with U.S. criticisms of the dispute resolution system.
- The U.S. has blocked appointments to the judicial body, hindering its function.
Aid Groups in North Korea
- Foreign aid groups working in North Korea are borrowing money from the government due to U.S. sanctions.
- North Korea claims to be coronavirus-free, but recently isolated Kaesong due to virus fears.