FT News Briefing

Global stocks saw a significant decline, with the UK market experiencing its worst day in over three years. The Trump administration is set to impose tariffs on EU imports after winning a WTO case. Meanwhile, Trump plans to cooperate with congressional subpoenas in light of the impeachment inquiry. Additionally, Boris Johnson's speech at the Conservative party conference reveals his new approach to Brexit, amidst a backdrop of growing political tensions and economic concerns.

The US manufacturing sector faces a significant downturn, marking its lowest levels since the recession. Charles Schwab ignites fierce competition by eliminating stock-trading fees. A landmark ruling gives states authority over net neutrality regulations. Meanwhile, a growing scandal at Credit Suisse unfolds, with executives resigning amidst corporate espionage allegations and unauthorized surveillance of a former leader. The turmoil raises critical questions about the bank's future and the stability of its leadership.

Discover the latest political tensions as Senate leader Mitch McConnell comments on a potential impeachment trial for President Trump. Dive into the concerns of European central bankers over soaring house prices and the ripple effects on the mortgage market. WeWork's withdrawal from its IPO plan raises questions about its future. Plus, explore the challenges faced by oil giants like Shell as they grapple with the emotional and financial demands of transitioning to cleaner energy amidst growing environmental responsibilities.

Global dealmaking hits a two-year low, highlighting growing economic challenges. Over 400,000 German car owners join a major lawsuit against Volkswagen for emissions cheating. Insights from the UK Conservative party conference reveal criticisms of Boris Johnson's leadership. Additionally, a protester shares their experience in Hong Kong, reflecting on the ongoing fight for democracy five years after the last major pro-democracy protests. Activism continues as the region grapples with human rights issues.

The White House is under scrutiny following a whistleblower complaint alleging presidential misconduct. Peloton struggles with its stock price after a lackluster public offering, while Endeavor pauses its IPO plans. A notable European court ruling raises questions about the 'right to be forgotten' online, shedding light on data privacy challenges in our digital world. The discussion reveals the tension between online rights and free speech, making it a critical moment for internet companies and users alike.

A bombshell memo reveals a phone call where President Trump urged Ukraine's leader to investigate Joe Biden, igniting political fireworks. Meanwhile, Boris Johnson faces a tumultuous general election pitting people against parliament. In the finance world, Peloton aims for an $8.2 billion valuation with its upcoming stock debut. Lastly, a significant resignation at the European Central Bank raises eyebrows amidst ongoing critiques of its monetary policy. Tensions are high on all fronts!

House Democrats are moving forward with impeachment proceedings against President Trump over a contentious Ukraine call. Meanwhile, WeWork faces a leadership shake-up with Adam Neumann's exit following a disastrous IPO. The UK Supreme Court has ruled Boris Johnson's parliamentary suspension unlawful, raising questions about the government's authority. Lastly, Labour leader Jeremy Corbyn is weighing the timing of a no-confidence vote in a bid to navigate the complex landscape of Brexit.

Boris Johnson aims for a new deal with Iran, sparking crucial political discussions. Netflix's stock struggles raise questions about its market valuation amid fierce competition. The aftermath of Thomas Cook's collapse prompts a UK government inquiry into its leadership. In the automotive world, a settlement involving Carlos Ghosn sheds light on the industry's evolving landscape. Allegations of financial misconduct emerge, revealing tactics used to hide executive compensation within major companies.

SoftBank is making moves to remove Adam Neumann from WeWork, signaling a shift in confidence. Meanwhile, Trump and Modi united at a rally in Texas, showcasing their partnership. Jeremy Corbyn is pushing back against rumors of his resignation during the Labour Party conference. As world leaders prepare for the UN General Assembly and climate summit, the urgency of climate action is palpable, especially amid accusations of greenwashing in U.S. businesses. Key geopolitical issues like Iran and Brexit are also on the agenda.

Saudi Arabia is applying pressure on wealthy families to invest in its oil giant's IPO. The Federal Reserve is taking action in US money markets, addressing liquidity issues. Sterling rises as a Brexit deal seems plausible. Companies are eager to enhance their environmental credentials ahead of global climate protests. Meanwhile, Netflix appears vulnerable, facing subscriber declines amid stiff competition from giants like Apple and Disney, with ongoing challenges related to its content strategy and debt.