FT News Briefing Sinn Féin’s historic victory
May 10, 2022
Volkswagen's CEO has sparked controversy by advocating for a negotiated settlement to the Ukraine War, emphasizing the economic impact on Europe. Goldman Sachs is putting a halt to new SPAC offerings due to mounting regulatory pressures. Meanwhile, Sinn Féin has made history by claiming a significant election victory in Northern Ireland, marking a shift from unionist dominance. The party's focus on economic concerns and healthcare indicates a tactical change, while their ties to the Irish Republican Army bring historical complexities to the forefront.
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Emerging Markets Currency Tumble
- Emerging market currencies are declining as the U.S. Federal Reserve raises interest rates.
- Investors are moving away from riskier economies towards the safer U.S. system due to higher U.S. interest rates.
Goldman Sachs Pauses SPACs
- Goldman Sachs is halting work on new SPACs due to increased regulatory scrutiny.
- The SEC aims to align SPACs with traditional IPOs, making them less attractive.
Sinn Féin's Victory
- Sinn Féin's historic win in Northern Ireland marks a shift from unionist dominance.
- The party, committed to Irish reunification, focuses on economic issues and cost of living.