FT News Briefing Donald Trump guilty on all counts
May 31, 2024
Donald Trump has been convicted in a high-profile case, raising questions about his political future. Saudi Arabia is making headlines by selling $12 billion in Aramco shares, aiming to diversify its economy. Meanwhile, the U.S. oil industry is experiencing a wave of mergers, contrasting sharply with the stagnant European market which faces unique challenges. The podcast also touches on the shift towards renewable energy investments in Europe and the potential effects of upcoming global elections on democracy.
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Trump's Conviction
- Donald Trump, the first former U.S. president convicted of a crime, was found guilty of conspiring to buy a porn star's silence.
- This verdict stems from a 2006 alleged extramarital encounter and a "catch and kill" scheme during his 2016 campaign.
Political Implications
- This verdict is significant as Trump might run for president again.
- This conviction may even boost his popularity, making him the next president despite being a convicted felon.
Saudi Aramco Share Sale
- Saudi Arabia plans to sell $12 billion worth of shares in Aramco.
- The kingdom aims to use the funds for projects in non-oil industries, diversifying its economy.