President Trump concedes power for the first time and calls for an orderly transition: the FT’s US managing editor Peter Spiegel looks at how Joe Biden can unite a divided nation; global markets have continued rising despite the chaos in Washington; Boeing agrees to pay $2.5bn to resolve a criminal charge stemming from the 737 Max crashes; and counter-culture icon Neil Young cashes in on the music streaming boom. Democratic leaders call on Pence to force Trump from White House https://www.ft.com/content/cecab0e3-ddb6-40fa-a78b-1d98fb3f7759Boeing to pay $2.5bn to resolve criminal case over 737 Max crashes https://www.ft.com/content/1e64a9ea-4659-4513-b82f-0a4b5e7cae1cBlue sweep of Congress will add pressure to weak dollar, analysts sayhttps://www.ft.com/content/9e58d2fb-37c5-432e-b4c6-dcf862d43b7dNeil Young joins music rights gold rush after striking Hipgnosis dealhttps://www.ft.com/content/dd67a2ab-d6e1-4334-ae45-ef1bf65f1e82Review clip: Silver Fiddle Music, Hipgnosis Hosted on Acast. See acast.com/privacy for more information.

Congressional leaders reconvened on Wednesday night to certify Joe Biden’s victory in November’s presidential election, defying pro-Trump rioters who attempted to scupper the process by storming the Capitol earlier in the day. The FT’s US managing editor, Peter Spiegel, reports on a frantic day in Washington. Further reading:Angry mobs of Trump supporters interrupt transfer of powerhttps://www.ft.com/content/9a37c259-f7c8-4cca-9a00-83e7e5b9287d‘Blue wave’ trade back on after Georgia Senate pollhttps://www.ft.com/content/15c8d75b-07dd-4382-8b98-bcc8fa0c900aNew York Stock Exchange reverse course again on China delistingshttps://www.ft.com/content/83cd59a9-05ba-4639-8ee4-2cb6c04e89e2 Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia pledged to cut an extra 1m barrels a day of oil output in February and March, and also has agreed to end its dispute with Qatar. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why businesses are making their voices heard when it comes to the Republican rebellion against the outcome of the presidential election. Saudis pledge to cut oil output despite Russian increasesft.com/content/c5468924-5383-4717-81c8-5d0658748f31?Saudi Arabia and allies to restore ties with Qatarhttps://www.ft.com/content/ad2eb477-b8f8-4dae-9e4c-a441759fc897Diehard Trump Republicans on collision course with US businessft.com/content/9fe61a5e-b57a-4a99-8985-ad7867a500b0? Hosted on Acast. See acast.com/privacy for more information.

US equities had their worst day since October as spiking coronavirus cases and lockdowns shook investors, nearly €6bn of EU share dealing shifted away from London in the first trading day after Brexit, and China’s currency has rallied to its highest level in more than two years. Plus, the FT’s economics editor, Chris Giles, explains why the OECD’s top economist wants governments to rethink their constraints on public spending. EU shares trading flees London on First day after full Brexithttps://www.ft.com/content/a434b756-afe0-454d-9d70-ef2d42ea8d55Wall Street suffers worst day since October on virus advance https://www.ft.com/content/82e8a6ee-78a3-4ed1-aa13-bf6a67e58d97Renminbi rallies past 6.5 per dollar for first time since 2018https://www.ft.com/content/c91a70d8-001c-4924-9bfa-9b5c21099112OECD warns governments to rethink constraints on public spendinghttps://www.ft.com/content/7c721361-37a4-4a44-9117-6043afee0f6b Hosted on Acast. See acast.com/privacy for more information.

Businesses face a wave of new bureaucracy and checks at ports now that the UK is officially outside of the EU’s single market and customs union, European countries debate more restrictions aimed at containing the spread of coronavirus, and law firms ditch their UK trophy offices. Plus, the FT’s deputy markets news editor, Ian Smith, tells us about Bitcoin’s latest milestone. European countries set to extend lockdowns as Covid cases surgehttps://www.ft.com/content/3292fc38-7945-4d7e-b8ed-582146ebe782Bitcoin tops $34,000 as record-breaking rally resumeshttps://www.ft.com/content/314f6c8a-ff7f-4a52-b5d1-98eb36a7bf40Law firms ditch trophy office moves as pandemic reshapes Cityft.com/content/e4f4e5f1-72b7-458a-a7bd-eb361cdc970b?Payne’s Politics: Brexit has arrivedhttps://www.ft.com/content/4006f4bc-508e-4f5d-bd76-f6db05ef10f1 Hosted on Acast. See acast.com/privacy for more information.

Britain and the EU were finalising a historic post-Brexit agreement on Wednesday night.  Plus, Beijing’s market regulator has announced an antitrust investigation into Alibaba, China’s ban on Australian coal exports is hurting its companies, and the FT’s US business editor, Andrew Edgecliffe-Johnson, looks at 2020’s corporate winners and losers as well as who might rebound in 2021. Britain and EU poised to announce Christmas Eve Brexit dealft.com/content/4993212f-25c8-479e-83d6-f7db3731d1be?China launches antitrust investigation into Alibabaft.com/content/bdcc073f-3b70-4411-92d7-ee36973a8b7aPolitics come first’ as ban on Australian coal worsens China’s power cutshttps://www.ft.com/content/e83fffeb-3ef2-4b67-8989-6d17f153d8d4Prospering in the pandemic: the top 100 companieshttps://www.ft.com/content/844ed28c-8074-4856-bde0-20f3bf4cd8f0 Hosted on Acast. See acast.com/privacy for more information.

France is set to reopen its borders with the UK to truck drivers who test negative for Covid-19, Boris Johnson and European Commission president Ursula von der Leyen aim for a Brexit trade deal by tonight, the US government sues Walmart for links to the opioid epidemic, and the botched launch of the video game Cyberpunk 2077 has prompted a shift by Sony. Plus, the FT’s consumer industries reporter, Patricia Nilsson, reveals how the dominant player in online porn operates its business.  France to reopen border with UKft.com/content/e2d2e680-752a-44a5-b014-60cd837532e7Johnson and Von der Leyen intensify ‘hotline talks in Brexit deal push ft.com/content/3576910f-6c51-4ad0-8ad1-75fb51641747US sues Walmart alleging role in country’s opioid crisisft.com/content/2d9484ee-64a7-4bb6-8287-587f94c34b43?Cyberpunk 2077 debacle prompts shift by Sony ft.com/content/8af5618d-ca83-43f9-9f51-56b75ff9f181MindGeek: the secretive owner of Pornhub and RedTubeft.com/content/b50dc0a4-54a3-4ef6-88e0-3187511a67a2 Hosted on Acast. See acast.com/privacy for more information.

Global stock markets slipped and the price of oil declined on fears over the new strain of coronavirus sweeping through parts of Britain. The FT’s science editor, Clive Cookson, explains what scientists know about the strain and how it will affect efforts to beat the pandemic. Plus, SoftBank has filed to raise up to $604m from investors for its first blank-cheque listing, and upscale sportswear company Lululemon is making a push into overseas markets.Global stocks slip as new Covid strain unsettles investorshttps://www.ft.com/content/58ce50e1-fb49-4743-8f82-0a7a5ff1e896What we know about the new coronavirus strainhttps://www.ft.com/content/a8cf7f88-7bfc-46c5-bb25-a914266f0377SoftBank launches Spac, says it may buy one of its own investmentsft.com/content/65fd4a73-f277-415f-83b5-a3a68a5d4e27Lululemon plans overseas expansion as yogawear boomsft.com/content/c3ae04c5-ea00-452b-a33f-6a02adb5ca34? Hosted on Acast. See acast.com/privacy for more information.

Several EU countries have banned travel from the UK as scientists identify a new strain of Covid that is 70 percent more transmissable, in the US, lawmakers reached a deal on Sunday night over a new round of stimulus, and shopping sites delivering from China are rushing to build their own global freight networks. Plus, our Brexit editor asks whether the UK’s stock market can ever get its mojo back.Scientists alarmed at spread of Covid mutant https://www.ft.com/content/a0bef737-c763-447a-b1f3-0649dc5989a0US lawmakers reach deal on $900bn stimulus packagehttps://www.ft.com/content/6c953f0e-b229-42c1-959e-ef62196ef4d6Shopping sites in China are building their own global freight networkshttps://www.ft.com/content/8af9c8f3-7ab3-4316-b014-c00e7d8ec83dCan the UK stock market get its mojo back?https://www.ft.com/content/ca6e6558-c55a-478b-a35d-81958d0c2890 Hosted on Acast. See acast.com/privacy for more information.

Dozens of states and territories have launched the first US antitrust challenge to Google’s core search engine, and a surge of stockpiling by UK companies before the end of the Brexit transition period on January 1 has triggered road congestion in southern England and France. Plus, the FT’s Laura Noonan explains what we can expect out of the Federal Reserve’s stress test today and what they will tell us about US banks’s ability to handle the panemic. Google accused of abusing search monopoly as antitrust cases mounthttps://www.ft.com/content/709849fc-4148-4687-9924-0c61f0447f2dBrexit trade talks hit by fresh dispute over state aidft.com/content/2f508f4d-22e2-4deb-8d42-77a7c31fc53cBrexit stockpiling triggers cross-Channel freight crunchhttps://www.ft.com/content/77443600-8b40-47af-a807-60612ef2d928Global regulators to examine banks’ lending caution during pandemichttps://www.ft.com/content/6a09e064-9b94-4080-b696-5d347067eb4e Hosted on Acast. See acast.com/privacy for more information.