FT News Briefing Thursday, April 4
Apr 4, 2019
Brexit negotiations heat up as Theresa May and Jeremy Corbyn discuss potential concessions. UniCredit makes headlines with a multibillion-euro bid to gain control of Commerzbank. In a shocking revelation, Facebook's user data has been compromised through Amazon's cloud services. Meanwhile, Boeing faces serious financial and regulatory challenges following the recent Ethiopian crash, leading to substantial market losses and operational upheaval in the airline industry.
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Brexit Negotiations Begin
- Theresa May and Jeremy Corbyn began Brexit negotiations, signaling potential acceptance of Labour's customs union demand.
- Both sides agreed to appoint negotiating teams for further discussions.
Unicredit's Commerzbank Bid
- Unicredit is preparing a multi-billion euro bid for Commerzbank, potentially merging it with their existing German lender HVB.
- This comes as Commerzbank's merger talks with Deutsche Bank become unstable.
Facebook Data Leak
- Facebook user data was exposed via Amazon's cloud computing servers, including account names, emails, and comments.
- UpGuard discovered the leak from third-party apps using Amazon Web Services.