FT News Briefing

Sensitive data from popular UK health websites is being shared with big tech giants, raising serious privacy concerns. Meanwhile, Trump threatens to escalate trade tensions with China. Tesla plans to expand into Europe with a new site in Berlin, while Spain's Socialist party forms a coalition with the leftist Podemos. Despite fears of recession in Germany, the services sector and consumer spending continue to thrive, showcasing a resilient economy amidst challenges.

Key players in finance are shaking things up as Cerberus seeks to replace Deutsche Bank’s chairman, while KKR eyes a $70 billion bid for Walgreens. WeWork is on the hunt for a new CEO, potentially bringing in T-Mobile’s John Legere. In political news, the UK elections are unfolding amid Brexit tensions, affecting voter priorities as they move from economic concerns to more pressing issues like the NHS and environmental matters. The campaign trails are heating up, with public sentiment rapidly shifting!

Christine Lagarde might face calls for reforming the European Central Bank's monetary policy. Apple has impressively gained over $400 billion in market capitalization this year. Meanwhile, Bolivia's President Evo Morales has resigned after nearly 14 years. Spain struggles with political deadlock, and TikTok's influence on youth culture and entrepreneurship is on the rise. Students are forming TikTok clubs and exploring its potential in music and e-commerce, marking a significant shift in how media is consumed.

Miranda Green, Deputy opinion editor at the Financial Times, and Jim Pickard, Chief political correspondent, dive into the UK election's chaotic start. They discuss the Conservative Party's blunders and whether Boris Johnson can regain traction. The duo also examines how social media influences public perception, particularly surrounding Labour's campaigns. They delve into shifting fiscal strategies, contrasting Conservative austerity with Labour's ambitious new borrowing plans, and explore the political landscape as the election approaches.

Saudi Aramco's IPO could see dividends soar past $100 billion, while Disney grapples with costs for its new streaming service. Meanwhile, Michael Bloomberg kicks off his presidential bid for 2020. The U.S. stock market hits record highs amid easing U.S.-China trade tensions, and the Bank of England hints at potential interest rate cuts. On the political front in Spain, fragmentation leads to upcoming elections amidst challenges from the far-right Vox party and ongoing Catalonian tensions.

Airbnb's valuation is soaring to $42 billion as investors prepare for its IPO. Meanwhile, two former Twitter employees face espionage charges for spying on behalf of Saudi Arabia. Uber shares hit a new low post-lockup, and SoftBank's founder admits to ignoring governance issues at WeWork. Xerox is making waves with a $30 billion bid for HP. On the political front, France is tightening its immigration policy to gain electoral support, while grappling with the impacts of illegal migration and labor market needs.

A U.S. envoy reveals connections between Ukraine aid and a Biden probe. IKEA and H&M are making waves in retail by pouring millions into sustainable startups. Hints of progress emerge in Germany for a eurozone banking union, sparking hope for financial stability. Meanwhile, a startling investigation uncovers that air pollution on the London Underground can exceed health guidelines by up to ten times, raising serious concerns about urban air quality.

Uber struggles with rising revenue but faces significant losses. SoftBank tightens oversight after WeWork's near collapse. The Trump administration mulls over tariff rollbacks on Chinese goods. A second executive exits McDonald's amid leadership turmoil. Meanwhile, a poll reveals mixed sentiments about Americans' financial well-being compared to four years ago. Voter perspectives on economic status and rising oil prices highlight the crucial link between personal finance and political choices.

A whistleblower linked to the Trump impeachment inquiry agrees to answer House Republicans' questions. Saudi Aramco finally launches its long-anticipated IPO, while Deutsche Bank faces regulatory scrutiny. McDonald's makes headlines by terminating its CEO over policy violations. Meanwhile, tech giants like Facebook and Google are under investigation for their corporate power. The intricacies of antitrust issues, especially regarding Google's advertising practices, are explored, revealing a complex landscape for companies and consumers alike.

Congress votes to start public hearings in Trump's impeachment inquiry, stirring political waters. A former WeWork executive accuses the company of gender discrimination, adding to the corporate drama. Pinterest's shares tumble after disappointing revenue reports, while Altria takes a massive hit on its Juul investment. Additionally, insights unravel the struggles of European banks under low interest rates, revealing a challenging landscape and potential leadership changes on the horizon.