FT News Briefing Wednesday, October 23
Oct 23, 2019
British MPs show support for Boris Johnson’s Brexit plan, but his timeline faces hurdles. Meanwhile, the U.S. contemplates new trade talks with the EU over tariffs. Tensions rise as a top U.S. diplomat reveals aid to Ukraine was linked to political investigations. Turkey and Russia agree on a military strategy in Syria. In corporate news, Snapchat aims for profitability, and Boeing grapples with regaining trust after the 737 MAX crises, facing scrutiny from pilots and regulators alike.
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Brexit Delay and Potential Snap Election
- Boris Johnson might call for a snap election after Parliament delayed Brexit again.
- The EU proposed an extension until January 31st, but Johnson prefers an election.
Potential US-EU Car Tariff Negotiations
- The US Commerce Secretary, Wilbur Ross, suggested new talks with the EU could prevent car tariffs.
- This comes after the White House declared European car imports a national security threat.
Boeing 737 MAX Safety Concerns Resurface
- Leaked messages between Boeing pilots suggest awareness of MCAS system issues as early as 2016.
- This has sparked outrage and renewed safety concerns about the 737 MAX.