FT News Briefing Monday, January 27
Jan 27, 2020
Deutsche Bank is under scrutiny for paying $1.1 million to secure ties with a Saudi royal, raising questions about corporate misconduct. As the coronavirus spreads in China, concerns about public health mount. Tensions between the U.S. and EU escalate over a proposed carbon tax, prompting threats of punitive measures. Meanwhile, the UK is set to officially leave the EU, leading to anticipated trade challenges and negotiations. The complexities of post-Brexit trade relations with both the EU and the U.S. highlight both risks and opportunities.
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Deutsche Bank Bribery Case
- Deutsche Bank paid over $1 million to a Saudi royal's advisor's wife.
- This was revealed in an internal probe investigating bribery and policy violations.
Coronavirus Contagiousness
- The coronavirus is infectious during its incubation period, unlike SARS.
- This makes containment more challenging, as asymptomatic individuals can spread the virus.
US Reaction to EU Carbon Tax
- The US threatens retaliatory action against the EU's proposed carbon tax.
- This mirrors the US response to digital taxes, suggesting potential trade conflicts.