FT News Briefing Monday, September 30
Sep 30, 2019
Global dealmaking hits a two-year low, highlighting growing economic challenges. Over 400,000 German car owners join a major lawsuit against Volkswagen for emissions cheating. Insights from the UK Conservative party conference reveal criticisms of Boris Johnson's leadership. Additionally, a protester shares their experience in Hong Kong, reflecting on the ongoing fight for democracy five years after the last major pro-democracy protests. Activism continues as the region grapples with human rights issues.
AI Snips
Chapters
Transcript
Episode notes
Slowdown in Global Dealmaking
- Global dealmaking has slowed to its lowest pace in over two years, dropping 11% to $2.8 trillion.
- Megadeals offset declines in smaller company deals and private equity buyouts.
Volkswagen's Historic Legal Challenge
- Volkswagen faces a historic lawsuit with over 400,000 German car owners over emissions test cheating.
- This is the largest claim in modern German history and follows charges against VW executives.
UK Conservative Party Conference
- The UK Conservative Party conference began despite MPs rejecting a requested recess.
- Opposition parties might call for a no-confidence vote in Johnson while the conference occurs.