FT News Briefing

Boris Johnson is urging the UK to brace for a no-deal Brexit, stirring up economic anxieties. In a surprising move, Airbnb's stock price skyrocketed on its trading debut, raising eyebrows about the current investment climate. Meanwhile, the EU is tightening the reins on Big Tech, threatening substantial fines if companies fail to self-regulate. This regulatory shift echoes past efforts to rein in tech giants, highlighting a growing concern over their market dominance.

A crucial Sunday deadline looms for Brexit talks between Boris Johnson and the EU, sparking concerns over trade disruptions. Meanwhile, Facebook faces antitrust lawsuits from the US government and multiple states, marking a significant legal challenge for the tech giant. In the world of public offerings, DoorDash makes waves with an impressive debut, reaching a market value near $60 billion. Lastly, the podcast delves into Disney's struggle to adapt its streaming strategy amid evolving media landscapes.

Starbucks remains optimistic about growth despite pandemic challenges, focusing on enhancing employee experiences. Meanwhile, major shifts are happening in the energy sector as high-level departures at Shell reveal internal strife over the green strategy. The U.S. is poised for a significant revamp of anti-money laundering laws, aiming to alleviate burdens on banks. In Japan, a substantial stimulus package is set to accelerate recovery from Covid-19, particularly supporting digital and green initiatives.

Guy Chazan, FT's Berlin bureau chief, delves into the critical meeting between Boris Johnson and Ursula von der Leyen, emphasizing the stakes for Brexit negotiations. He discusses the shifting focus from technical details to political discussions, which could shape trade agreements significantly. The conversation also covers Uber's strategy shift from developing its own self-driving cars to investing in Aurora, and China's drastic cutbacks on overseas lending amid geopolitical tensions, highlighting the challenges faced in international relations.

Britain's trade talks with the EU are hanging in the balance, showcasing the ongoing tensions post-Brexit. There are urgent calls for Brussels to prioritize climate science in sustainable finance rules. Meanwhile, the AstraZeneca vaccine could soon be available for purchase in India, raising questions about vaccine access. Insights from Brussels reveal how the UK's departure influences future European dynamics, particularly in policymaking and budgetary matters.

Brussels warns Poland and Hungary about potential cuts to their recovery funds due to rule of law issues. Macron complicates Brexit negotiations with last-minute demands, affecting the deal's stability. On the aviation front, Boeing celebrates its first order for the 737 MAX in nearly two years. Meanwhile, a global equity rally takes center stage, fueled by optimism from vaccine rollouts, raising questions about sustainability in the face of potential market disruptions.

Top Democrats are showing flexibility in their support for a substantial $908 billion stimulus plan. The UK has made headlines by becoming the first country to approve a Covid-19 vaccine, sparking discussions on regulatory decisions. Meanwhile, Chinese investments in U.S. technology continue amidst tightening trade restrictions. Additionally, Nigeria's wealthiest individuals are reportedly increasing their stakes in the country's economy, reflecting a shift towards local investments despite significant economic challenges.

Airbnb plans to raise up to $2.5 billion in its IPO, navigating pandemic challenges while aiming to boost its growth narrative. The ongoing Brexit negotiations remain tense, with the EU still withholding crucial rights from the UK. Meanwhile, Brazil faces significant economic struggles during the pandemic, grappling with high debt and the consequences of welfare spending. The discussion highlights the critical need for structural reforms to maintain fiscal stability while ensuring public support.

Explore the rising costs of everyday goods in the eurozone, which are outpacing overall inflation. Discover how Zoom's revenues skyrocketed as remote work remains a staple. Learn about the landmark agreement among Eurozone finance ministers to bolster bailout strategies. Gain insights into the U.S. economic outlook as key officials prepare to testify before Congress, addressing pandemic-related challenges and future stimulus efforts.

The EU is seizing a unique chance to rebuild its alliance with the US, aiming to tackle global challenges together. Excitement is building as the first Covid-19 vaccine prepares for international distribution. Meanwhile, Hong Kong's leader reveals she's hoarding cash due to US sanctions, shining a light on her financial struggles. Additionally, the UK is positioning itself as a global defense leader post-Brexit, with significant funding boosts and bold initiatives like a cyber force and advancements in military AI.