FT News Briefing Wednesday, May 22
May 22, 2019
UK Prime Minister Theresa May proposes a deal that could lead to a second EU referendum, stirring political waves. In aviation news, strict conditions are outlined for Boeing's 737 MAX return to the skies. Meanwhile, major U.S. department stores report disappointing quarterly results, raising concerns about their futures. On a global scale, China's film industry grapples with funding shortages due to recent government regulations, opening doors for foreign blockbusters to thrive in this challenging landscape.
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May's Bold New Brexit Deal Backfires
- Theresa May offered a new Brexit deal including a possible second referendum.
- This sparked outrage from both Labour and Conservative MPs, increasing pressure on May to resign.
Transatlantic Rift Over 737 MAX's Return
- European and U.S. aviation regulators disagree on Boeing 737 MAX's return to service.
- EASA demands design approvals and crew training while FAA claims it doesn't need other regulators' approval.
Mixed Signals from U.S. Retailers
- Nordstrom, Kohl's, and JCPenney reported falling sales, raising investor concerns about the retail sector.
- This contrasts with Walmart's and Macy's positive results, creating a mixed picture of the industry.