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FT News Briefing

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Oct 9, 2020 • 10min

A new cold war, whiskey in days

Tensions between Washington and Beijing reflect a shift in how America views Asia’s superpower. We'll look at how both Joe Biden and Donald Trump are handling China in the presidential campaign. Plus, why a Silicon Valley start-up has decided to disrupt whiskey. How the US elite became hawks on Xi’s Chinahttps://www.ft.com/content/75ce186e-41f7-4a9c-bff9-0f502c81e456Silicon Valley start-up launches ‘Nespresso machine’ for whiskyhttps://www.ft.com/content/3926e3bf-352b-4c47-8acb-d9b47dfa11cb Hosted on Acast. See acast.com/privacy for more information.
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Oct 8, 2020 • 11min

Lilly Covid drug, Vatican derivatives, UK mining corruption probe

Eli Lilly, a US drugmaker, has applied for an emergency authorisation of its Covid-19 antibody in the US. According to documents seen by the Financial Times, the Vatican invested donations for the needy in derivatives that bet on the creditworthiness of Hertz. And the FBI picks up the case of two men found dead in a hotel room in Missouri; British prosecutors had seen the men as potential witnesses in a corruption probe into the multibillion-dollar mining house, Eurasian Natural Resources Corporation. Lilly seeks emergency approval for Covid drughttps://www.ft.com/content/dc7d2abf-1cd2-40db-b040-27b3d9031e8bVatican used charity funds to buy Hertz credit derivativeshttps://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5Silent witnesses: what do three corpses have to do with a corruption case?https://www.ft.com/content/7dc13ec9-721c-41a7-8423-daeb9a743e9a Hosted on Acast. See acast.com/privacy for more information.
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Oct 7, 2020 • 10min

US stimulus talks end, Macy’s buys stake in Swedish fintech

Donald Trump abruptly broke off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election, and economists estimate the coronavirus pandemic has put millions more workers across the developed world out of jobs than official unemployment statistics suggest. Plus, why US department store chain Macy’s is set to take a stake in Europe’s highest valued private fintech. Trump calls off stimulus talkshttps://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bbHidden joblessness threatens economic recovery in US and Europehttps://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22Macy’s takes stake in Klarna as part of payment partnershiphttps://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c Hosted on Acast. See acast.com/privacy for more information.
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Oct 6, 2020 • 12min

Trump returns to White House, a fight over lithium batteries

Donald Trump returned to the White House on Monday evening after three days of hospital treatment for coronavirus, although his doctor warned that the president was not yet “out of the woods”. Plus, the IMF is instructing rich countries to spend on infrastructure, and a court case over trade secrets between two South Korean companies could affect the future of electric cars in the United States. Donald Trump returns to White House after three days in hospitalhttps://www.ft.com/content/4909a63c-8f7d-4621-9fba-73b5dac2ee5cIMF calls on rich nations to boost public investmenthttps://www.ft.com/content/fc7ad858-0fdd-401e-bce5-796a8353ba30Stakes are high in bitter battle over battery secretshttps://www.ft.com/content/98678ea4-7eba-4873-8815-47b0efe7c9df Hosted on Acast. See acast.com/privacy for more information.
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Oct 5, 2020 • 11min

Trump’s Covid-19 case prompts questions, financial services in a post-Brexit world

Donald Trump’s doctors said the president could be discharged from hospital today, after a weekend of mixed messages from the White House concerning Mr Trump’s health. Plus, the FT’s Brexit editor, David Bond, talks with the FT trading room editor Philip Stafford about what financial services will look like after Brexit.  Trump’s doctor says he could be out of hospital on Mondayhttps://www.ft.com/content/f331c9b9-6f2b-4cd5-831c-00cc10929940Brexit and the City: Brussels’ new battle to rival London in financehttps://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9acBrussels’ next financial policy chief warns of Brexit frictionshttps://www.ft.com/content/d80ccc42-9156-4f9f-a103-6a8faa33014b Hosted on Acast. See acast.com/privacy for more information.
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Oct 2, 2020 • 11min

Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio

Donald Trump and his wife Melania have tested positive for Covid-19 and will start quarantine barely a month before the US presidential election, US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits, and Brussels is suing the UK over plans to violate last year’s Brexit withdrawal agreement. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why Ohio might be the key to the US presidential election. US personal income falls after lapse of Covid benefits https://www.ft.com/content/314c74e3-984c-4bde-bb03-8a05622be305Brussels launches legal action against UK over Brexit deal breachhttps://www.ft.com/content/8389cc9c-3ced-47f1-a85e-710ad20468a2The battle for Ohio: Trump tries to retain edge with working classhttps://www.ft.com/content/8d3e2e6f-3f40-4d1c-905f-b2dd416d055dBiden vs Trump: who is leading the 2020 US election polls?https://ig.ft.com/us-election-2020/Playboy returns to public markets through Spac dealhttps://www.ft.com/content/d79065d3-b6d4-4991-9033-d48dcc383c68 Hosted on Acast. See acast.com/privacy for more information.
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Oct 1, 2020 • 10min

Moderna CEO: no vaccine before US election, digitising Japan’s economy, west’s gold investment

Moderna Therapeutics’s chief executive told the Financial Times that the company would not have a vaccine ready before the US election, and Japan adjusts for a digital economy. Plus, the FT’s metals and mining correspondent, Henry Sanderson, explains how western investors’ interest in gold is driving up its price. Moderna chief says its vaccine won’t be ready before US electionhttps://www.ft.com/content/9b242ecc-3dce-4534-9171-cdf624468a2aJapan’s digital leap forward — and about time toohttps://www.ft.com/content/5b8c7ee3-2981-4446-92af-6a8499302210The new gold rush: western investors offset soft eastern demand https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1 Hosted on Acast. See acast.com/privacy for more information.
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Sep 30, 2020 • 11min

US presidential debate recap, EY’s Wirecard warning, JPMorgan spoofing settlement

The first presidential debate quickly turned chaotic, and JPMorgan Chase will have to pay $920m in the largest ever spoofing settlement. Plus, the FT’s Olaf Storbeck uncovers that EY was made aware of potential wrongdoing at Wirecard as far back as 2016. Joe Biden and Donald Trump clash in ill-mannered presidential debatehttps://www.ft.com/content/c77fa4ff-3278-4258-9033-8b62adcdbba5EY whistleblower warned of Wirecard fraud four years before collapse ft.com/content/3b9afceb-eaeb-4dc6-8a5e-b9bc0b16959d?JPMorgan to pay $920m in largest-ever spoofing settlementhttps://www.ft.com/content/f2c918c2-2659-4513-8851-cc40379d4840 Hosted on Acast. See acast.com/privacy for more information.
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Sep 29, 2020 • 11min

Monday’s global equity market rebound, US voter suppression, 60/40 portfolio

European stocks lead a global rally on Monday driven by investors scooping up shares in beaten-down sectors, and Donald Trump is beating back allegations of tax avoidance and voter suppression ahead of tonight’s US presidential debate. Plus, the FT’s Michael MacKenzie will explain why investors are rethinking the traditional 60/40 portfolio. Financials lead global equity market reboundhttps://www.ft.com/content/f189b5b1-1e08-4ff1-9994-f1c89d9c1a79Biden portrays Trump as tax dodger after new revelationshttps://www.ft.com/content/68c6f5a0-2080-4f60-8dec-9043a590c838Investors wonder if the 60/40 portfolio has a futurehttps://www.ft.com/content/fdb793a4-712e-477f-9a81-7f67aefda21a Hosted on Acast. See acast.com/privacy for more information.
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Sep 28, 2020 • 10min

Argentina bonds back in hot water, Swiss immigration vote, Scottish independence

Argentina’s newly restructured dollar bonds have slumped in value less than a month after a deal was finalised to postpone debt payments, and Swiss voters have defeated a nationalist initiative to tear up their free-movement agreement with Brussels. Plus, the FT’s Mure Dickie explains how Scotland’s push for independence is influencing Brexit talks. Argentina bonds ‘back in hot water’ just weeks after restructuring dealft.com/content/fd786d9b-18b4-4ed3-a531-6af3d2eb5c24?Nicola Sturgeon revives plans for second Scottish independence vote https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43fSwiss voters reject nationalist proposal to curb immigrationft.com/content/5a642ce6-1a76-460c-9857-b880b0fb7bc0 Hosted on Acast. See acast.com/privacy for more information.

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