EU budget commissioner Johannes Hanes has warned Poland and Hungary that Brussels could cut them out of its recovery fund, British officials accused France of making new Brexit demands at the eleventh hour on Thursday, and Boeing clinched its first firm order for the 737 Max since the aircraft was grounded 20 months ago. Plus, the FT’s global financial correspondent, Robin Wigglesworth, explains what has been fuelling the rally in global equities and whether it can be stopped.Brussels warns Poland and Hungary they cannot stop EU recovery fundft.com/content/50d9731d-c5cd-4fa7-9626-7a0f2f2d62d8Tough Macron stance leaves Brexit deal hanging in balance ft.com/content/7a679982-abef-4f9a-8a55-e06588e7b770Boeing clinches first firm order for 737 Max since aircraft’s groundinghttps://www.ft.com/content/2c32696e-56fc-43a5-b3d4-49daa169bcbdThe ‘everything rally’: vaccines prompt wave of market exuberanceft.com/content/d785632d-d9a0-45ae-ae57-7b98bb2fb8d6 Hosted on Acast. See acast.com/privacy for more information.

Top Democrats have expressed support for a $908bn stimulus plan offered by a bipartisan group of US senators, the UK has become the first country to approve a Covid-19 vaccine, and Chinese state-backed funds are still scouring the US for investments in critical technologies despite stiffer restrictions on such deals. Plus, the FT’s West Africa correspondent, Neil Munshi, explains why Nigeria’s richest residents are investing heavily in Africa’s biggest economy.  Top Democrats signal willingness to compromise on stimulushttps://www.ft.com/content/8787eb59-642e-4a93-af5b-59f13afa3e6dUK set for Covid vaccinations ‘next week’ after regulatory approvalhttps://www.ft.com/content/c60f49c1-34c8-4cd0-b295-87f35c70bc04Chinese state-backed funds invest in US tech despite Washington curbsft.com/content/745abeca-561d-484d-acd9-ad1caedf9e9eNigeria’s richest plough money into Africa’s biggest economyhttps://www.ft.com/content/c5b98699-a5bb-49b2-8436-4a7edf314b87 Hosted on Acast. See acast.com/privacy for more information.

Airbnb disclosed on Tuesday that it could raise as much as $2.5bn in its initial public offering, and Brussels is still holding back on granting Britain a whole collection of Brexit rights and regulatory waivers. Plus, the FT’s Latin America editor, Michael Stott, explains why Jair Bolsonaro’s monthly subsidy to Brazilians is a double-edged sword. Airbnb looks to raise up to $2.5bn in IPOft.com/content/c5450812-c45d-4833-a99f-22a390e5d3e4EU keeps UK guessing on post-Brexit rightsft.com/content/e7c12053-c9d7-42c8-965f-731257cde644? Hosted on Acast. See acast.com/privacy for more information.

The cost of many popular goods and services in the eurozone is rising far faster than the bloc’s overall depressed level of inflation, the video conferencing company Zoom continued to ride the boom in working and learning from home, and Eurozone finance ministers have struck an agreement to revamp the bloc’s bailout fund. Plus, the FT’s James Politi explains what is in store as Federal Reserve chair Jay Powell and US Treasury secretary Steven Mnuchin appear before the US Congress. Eurozone consumers hit by rising goods costs despite negative inflationhttps://www.ft.com/content/e8a10dff-ca00-4bd0-8909-a62b51e498af?Zoom sales up fourfold as pandemic keeps workers at homehttps://www.ft.com/content/3f388aac-9e41-4ce4-bc30-187bad688d8a?Eurozone finance ministers strike deal over bailout reform https://www.ft.com/content/827f3d0c-ff1d-417e-bdc9-afd55be003b0Jay Powell frets over US economy despite good news on a vaccineft.com/content/0b526c01-67e2-411c-ad8c-5ab362515047 Hosted on Acast. See acast.com/privacy for more information.

The EU will call on the US to seize a “once-in-a-generation” opportunity to forge a new global alliance, the first coronavirus vaccine is on track for international deployment within weeks, and Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions. Plus, the FT’s Helen Warrell explains how the UK is trying to position itself as a global leader in defence. EU pitches new post-Trump alliance with US in face of China challengehttps://www.ft.com/content/e8e5cf90-7448-459e-8b9f-6f34f03ab77aInternational rollout of Covid-19 vaccine on track for next monthhttps://www.ft.com/content/093d5005-ea9f-4c87-8db3-bae0e93d5102Hong Kong’s leader has ‘piles of cash’ at home after US sanctions https://www.ft.com/content/0f9f0e98-faac-4ecd-8896-8cda3746a920 Hosted on Acast. See acast.com/privacy for more information.

The company OpenAI has developed an extremely powerful machine-learning system that can rapidly generate text with minimal human input. The system is known as GPT-3 and it does everything from crafting an email to writing advanced fiction. However, the FT’s innovation editor, John Thornhill, explains, there are barriers and even a dark side to this tool. Hosted on Acast. See acast.com/privacy for more information.

Europe’s financial sector has reached “peak uncertainty” as regulators and banks rush to stave off the harshest effects of Brexit, cloud software company Salesforce is in talks to buy Slack, and Facebook allowed several thousand adverts and posts that violated UK law earlier this year. Plus, the FT’s economics editor, Chris Giles, explains why UK chancellor Rishi Sunak is warning of an ‘economic emergency’.Europe's finance sector braced for 'peak uncertainty' ahead of January Salesforce in talks to buy Slack in huge cloud software dealFacebook allowed thousands of illegal ads in UK until they were reported Sunak warns of ‘economic emergency’ as borrowing hits record £394bn  Hosted on Acast. See acast.com/privacy for more information.

US stocks surged to new highs on Tuesday, alongside global equities, as the path for a smooth transition of power in the US cleared, French tax authorities have begun demanding millions of euros in extra tax from US tech giants, and an ECB executive says that eurozone banks could be allowed to pay dividends again if their balance sheets are in order. Plus, the FT’s Robin Harding explains why Japanese stamps are getting in the way of the country’s digitisation efforts. US stocks set record high as investors look to new administrationhttps://www.ft.com/content/433048a5-c489-4ddd-aebd-d56fb8f3edfcUS tech companies get digital tax demands from French authoritiesft.com/content/2cfe3d07-7e69-4f57-b634-8b6002f967cb ECB to lift ban on bank dividends next year if balance sheets strong enoughft.com/content/62c9e91e-ce88-41cb-aa23-de67687cdeef?edit=trueJapan to ditch ‘hanko’ seal in drive to digitise bureaucracyhttps://www.ft.com/content/e05b0e61-1aa6-4e96-822b-538f1a33d806 Hosted on Acast. See acast.com/privacy for more information.

US president-elect Joe Biden is poised to choose former Federal Reserve chair Janet Yellen as his Treasury secretary, Peru joins a select group of countries that has issued century bonds, and the number of US air travellers has ticked up ahead of US Thanksgiving. Plus, the FT’s Donato Paolo Mancini explains how the vaccine produced by Oxford University and AstraZeneca will play into the larger fight against the pandemic. Joe Biden poised to pick Janet Yellen as Treasury secretary https://www.ft.com/content/1351b4db-9181-4afe-875f-acf9d5a6799aPeru joins elite club of nations selling century bonds https://www.ft.com/content/2676b8b3-dcf7-4200-9031-cc0f4f6a504e?shareType=nongiftUS air travel rises despite Thanksgiving pandemic warnings https://www.ft.com/content/ec2de8b7-30e9-403c-9016-ddb41796c9e8Oxford-AstraZeneca vaccine results raise hopes for Covid fighthttps://www.ft.com/content/2da97a56-23df-4345-9157-6dc8ec322c69 Hosted on Acast. See acast.com/privacy for more information.

European policymakers are preparing to relax Covid-19 lockdowns and “save Christmas”, G20 leaders pledged to “spare no effort” to ensure global access to Covid-19 vaccines, and Beijing has warned it will show “zero tolerance” for financial misconduct after several high-profile bond defaults by state-owned companies. Plus, the FT’s Peggy Hollinger explains how investors are handling Brexit. European nations plan cautious easing of lockdowns for Christmashttps://www.ft.com/content/5068cfce-a2fa-4d85-9078-d1a1cd89c316G20 leaders pledge to ensure global access to Covid vaccineshttps://www.ft.com/content/5f5e5a8c-1b94-438f-8f10-212126883e6cBeijing promises crackdown on misconduct after bond defaultsft.com/content/21af2731-0042-458c-9651-365459fa1e74? Hosted on Acast. See acast.com/privacy for more information.