FT News Briefing

European officials are crafting new regulations to give citizens control over their facial recognition data. The IMF is considering lifting age restrictions for leadership roles, signaling a shift in governance. Meanwhile, President Macron aims for a more collaborative G7 summit. Tensions within the Federal Reserve are revealed over interest rate cuts as they navigate a complex economic landscape. The anticipated gathering in Jackson Hole will bring together central bankers to discuss pressing monetary policy challenges in the face of uncertainty.

The discussion delves into Donald Trump’s tax cut proposals aimed at revitalizing the U.S. economy amid recession concerns. It also highlights Italian Prime Minister Giuseppe Conte's resignation and its political ramifications. The episode analyzes the revamping of the Volcker rule and Facebook's pilot privacy tool. In a twist, Walmart sues Tesla over solar panel fires. Finally, tensions rise in the U.K. as Boris Johnson clashes with EU leaders over Brexit negotiations, adding more drama to the political stage.

Apple makes a splash with a $6 billion commitment to original content as it gears up for its streaming launch. Meanwhile, Boris Johnson is pushing hard on Brexit to reshape the Irish border agreement. Social media giants are taking steps to combat Chinese disinformation aimed at Hong Kong protests. In a surprising shift, the Business Roundtable is rethinking corporate priorities, seeking a balance between shareholders and broader societal responsibilities. Lastly, the mystery deepens around Jeffrey Epstein's will signed shortly before his death.

Madhumita Murgia, the FT's European technology correspondent, sheds light on the controversial rise of facial recognition software in London's surveillance landscape. She discusses its introduction in areas like King's Cross, emphasizing the ethical dilemmas surrounding privacy and consent. The conversation touches on the public's lack of awareness and the necessity for transparency from authorities, making listeners ponder the balance between security and civil liberties in an increasingly monitored world.

Gibraltar's release of an Iranian tanker raises eyebrows amid global tensions. Walmart shines with a surprisingly upbeat sales forecast, while the U.S. sees record retail growth in July. In Hong Kong, China's paramilitary police ramp up security near the border. Political drama unfolds as Israel denies entry to two U.S. congresswomen. On the tech front, the FT's Patrick McGee gives a sneak peek into the Apple Card's upcoming roll out, sparking discussions about financial privacy and user experience.

US equities took a sharp dive, spurred by fears of a slowing global economy. WeWork is gearing up for a significant IPO despite facing financial challenges. Political intrigue deepens in the UK with proposals to delay Brexit as Jeremy Corbyn put forth a temporary government plan. In Canada, Justin Trudeau is under scrutiny for violating conflict-of-interest laws. Meanwhile, PayPal is tapping into the booming mobile user market in India, responding to rising demand.

US stocks surged as tariffs on Chinese imports were postponed, bringing relief to investors. In Hong Kong, protests led to the cancellation of countless flights, displaying rising tensions. CBS and Viacom merged in a significant move for the entertainment sector. Facebook took a stand on user privacy by halting the human review of voice messages. Meanwhile, SoftBank is gearing up to raise a monumental $108 billion for its new Vision Fund, aiming to reshape the tech investment landscape with innovative strategies.

Investors are worried as Argentina faces soaring odds of a debt default following Alberto Fernández's primary win. The U.S. yield curve has flattened to pre-financial crisis levels, signaling economic uncertainty. KPMG has made headlines by ousting its UK financial services head due to misconduct. In a spotlight shift, Saudi Aramco discussed its robust financials during its first-ever earnings call, revealing a strategic 20% acquisition in Reliance Industries to bolster its Indian market presence.

Global investment banks are facing significant job cuts, with nearly 30,000 positions on the line. In a bold move, BlackRock has acquired an $870 million stake in Authentic Brands, which holds iconic rights to legends like Marilyn Monroe and Elvis Presley. Meanwhile, British workers are bracing for complications in the EU post-Brexit, potentially complicating even basic business tasks. The recent death of Jeffrey Epstein raises questions about implications for alleged victims and ongoing investigations into his estate.

Uber's staggering $5.2 billion loss raises eyebrows as it struggles post-IPO. Meanwhile, Italy's political drama unfolds with a confidence vote looming for Prime Minister Conte. In the UK, Boris Johnson hints at a general election amidst Brexit chaos. Broadcom's acquisition of Symantec for $10.7 billion signals a big shift in the tech landscape. WeWork is revamping its corporate structure ahead of its public offering, exploring unique financial strategies to attract investors. Stay tuned for fresh cultural explorations paired with intriguing promotions!