FT News Briefing ECB probes Greensill fallout, commercial property muddles through, TikTok in Myanmar
Mar 8, 2021
This time, Josh Chaffin, FT's New York correspondent, shares his insights into the shifting landscape of the commercial property market post-pandemic. He discusses how banks have shown leniency towards property owners despite economic challenges. The conversation also touches on the ECB’s investigation into Greensill Capital and its connection to GFG Alliance. Additionally, the geopolitical ramifications of Biden's summit with allies to counter China are explored, along with TikTok's scrutiny of military content in Myanmar.
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Greensill Capital Investigation
- Greensill Capital's near insolvency triggers investigation by European Central Bank.
- Regulators are examining lenders' exposure to Greensill and its main client, GFG Alliance.
Biden's Summit on China
- President Biden will hold a summit with leaders from Japan, India, and Australia.
- The goal is to discuss strategies to counter China's growing influence in the Indo-Pacific region.
TikTok in Myanmar
- Myanmar soldiers use TikTok to post videos, some threatening civilians with weapons.
- TikTok has removed some videos and suspended accounts but faces challenges as an "apolitical platform."