FT News Briefing Thursday, August 29
Aug 29, 2019
Italy is on the brink of a new government as the far-right is sidelined and coalition talks heat up. Meanwhile, Apple faces backlash for listening to Siri conversations, raising concerns about privacy. The podcast also delves into Boris Johnson’s controversial suspension of Parliament amid Brexit tensions, igniting public protests and significant political maneuvering. Lastly, Yahoo! Japan takes a bold step by banning ivory trading, reflecting growing corporate accountability.
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Parliament Suspended
- UK Prime Minister Boris Johnson prorogued Parliament for five weeks, the longest suspension since 1945.
- This action sparked protests and accusations of undermining democracy.
Brexit Strategy
- Johnson's move aims to prevent opposition from blocking a no-deal Brexit.
- He views a no-deal threat as leverage for a better deal with the EU.
Italian Coalition
- Italy's Five Star Movement and Democratic Party formed a coalition, excluding Matteo Salvini's far-right League party.
- This coalition is seen as more market-friendly, causing Italian bond yields to fall.