FT News Briefing

Brexit negotiations are heating up as Boris Johnson faces challenges with the Democratic Unionist Party. Netflix struggles to meet subscriber forecasts while Hong Kong's wealthy rush to secure their finances abroad. IBM's revenue disappoints, and the U.S. faces political backlash over troop withdrawals from Syria. Meanwhile, American shoppers are pulling back on spending, adding to the growing concerns about the economy.

The US House of Representatives shows strong support for Hong Kong pro-democracy advocates. In the UK, Boris Johnson races against the clock to finalize a Brexit deal. Meanwhile, the IMF cuts global growth forecasts, and Rudy Giuliani defies a congressional subpoena in an impeachment inquiry. WeWork's bond prices hit new lows, yet some bankers remain hopeful about upcoming IPOs despite recent failures. Goldman Sachs faces challenges with its first earnings miss under a new CEO, highlighting the shifting landscape of corporate finance.

Donald Trump has imposed sanctions on Turkish officials amid rising tensions. Hopes for a Brexit deal appear dim as negotiations face significant challenges. Facebook's digital currency, Libra, encounters regulatory hurdles, raising doubts about its future. Additionally, the demand for pig products surges due to African swine fever, impacting European pork prices. The fragile nature of the US-China trade truce is also discussed, revealing underlying uncertainties in the relationship.

Boris Johnson is strategizing for a crucial week in Brexit negotiations as he faces internal party dynamics. The impact of Federal Reserve interest rate cuts on banks highlights challenges, especially for regional lenders. Levi Strauss balances modernization and sustainability with innovative practices like laser technology, while navigating profits and philanthropy in business. The controversial topic of super voting shares shines a light on governance issues in family-owned companies, raising questions about equity for public investors.

Brexit negotiations triggered a significant surge in the British pound, marking its best performance since March. Meanwhile, James Murdoch's new venture into Vice Media creates buzz in the media landscape. US-China trade talks are nearing a potential agreement, stirring global economic hopes. The European Central Bank faces internal strife over quantitative easing, adding another layer of complexity to international monetary policies. Lastly, Christine Lagarde navigates substantial policy shifts, emphasizing the need for adaptability in leadership.

U.S. senators are gearing up to propose sanctions against Turkey after its military actions in Syria. Meanwhile, EU leaders are pressing the UK on Brexit negotiations as tensions rise. Leaked documents reveal the European Central Bank's controversial decision to restart bond-buying. In U.S. politics, experts discuss the implications of the White House's refusal to cooperate with the impeachment inquiry and explore the hurdles Congress faces in obtaining information from uncooperative entities.

US stocks experienced a sharp decline amid escalating tensions with China over trade negotiations. Conservative UK MPs are threatening rebellion over a no-deal Brexit manifesto. The White House has declared its refusal to cooperate with the impeachment inquiry into Donald Trump. Meanwhile, an exploration of the 5G competitive landscape reveals efforts to boost investment in rival companies like Nokia and Ericsson as the U.S. navigates global telecom tensions and scrutinizes Huawei's market impact.

Hong Kong has aborted its £32bn bid for the London Stock Exchange, signaling shifts in global finance. The World Bank warns of potential growth falling short of predictions. Meanwhile, General Motors faces a staggering impact from ongoing worker strikes with nearly 60,000 temporary suspensions. In a major geopolitical development, Trump permits Turkey to target US-backed Kurdish forces in Syria, stirring concerns about the region's stability and future resistance against ISIS.

HSBC announces substantial job cuts, threatening up to 10,000 positions. Political drama unfolds as Joe Biden accuses Trump of spreading falsehoods. A leaked paper suggests a post-Brexit trade deal with the US could limit the UK's future negotiations with the EU. Meanwhile, Novo Nordisk navigates the fine line between rising insulin prices and its commitment to social responsibility, balancing profit with ethical obligations. The company's initiatives to support the diabetic community reveal a deeper discussion on corporate ethics.

Trump's call for China to investigate Biden stirs political chaos amid impeachment inquiries. Biden's strategic responses and new US-UK measures for police surveillance highlight the tensions. Controversial allegations about Hunter Biden’s ties to Ukraine fuel the debate, affecting voter opinions. Amidst these political dynamics, PayPal prepares to withdraw from Facebook's Libra project, signaling shifts in the digital currency landscape.