FT News Briefing EU auditor: Brussels too slow to tame Big Tech, FAA clears Boeing 737 Max, Johnson’s green economy
Nov 19, 2020
A recent report criticizes the EU for moving too slowly to regulate Big Tech. Meanwhile, the FAA has cleared Boeing’s 737 Max to fly again, signaling a shift in airline dynamics post-COVID-19. Analysts anticipate that the arrival of a coronavirus vaccine could lead to a slump in the dollar. Critics also challenge Boris Johnson's green economy plan, pointing out a lack of clear strategies and concerns over funding to truly hit net zero targets.
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EU's Big Tech Regulation Challenges
- The EU struggles to regulate big tech effectively due to slow antitrust probes and insufficient legal power.
- These probes often conclude after competition is stifled, and the current approach isn't suited for the tech sector.
Boeing 737 MAX Grounding and Reclearance
- Boeing's 737 MAX was grounded for 1.5 years after two crashes, impacting its reputation and finances.
- The FAA cleared the 737 MAX to fly again after requiring flight control system changes and mandatory pilot simulator training.
Predicted Dollar Slump
- Wall Street predicts a dollar slump in 2021 if a COVID-19 vaccine is widely distributed.
- This is because increased confidence in the global economy will likely shift investment away from the dollar as a safe haven.