FT News Briefing

Boeing faces troubles with its 737 Max as another flaw is uncovered. Activist investor Carl Icahn aims to shake up Occidental Petroleum's board by targeting four members. Meanwhile, private equity deal-making soars to levels unseen since before the financial crisis. A spotlight shines on AbbVie’s bold $63 billion acquisition of Allergan, revealing the motivations and market reactions driving this monumental deal in the pharmaceutical sector.

Jay Powell highlights rising risks to global growth, stirring investor caution. AbbVie's bid for Allergan faces backlash, illustrating the challenges ahead. FedEx warns that economic slowdowns and trade tensions will hinder its performance. Meanwhile, digital banking upstarts are emerging in Hong Kong, posing a threat to HSBC's long-standing dominance. The competitive landscape is shifting, raising questions about the future of traditional banks in the region.

Boris Johnson's tax cut proposals could lead to a staggering £20 billion annual cost. Instagram's Adam Mosseri reveals plans to make 'window-shopping' a key feature of the platform. Meanwhile, US President Trump signs an executive order imposing new sanctions on Iran, adding tension to international relations. In Turkey, political shifts following the Istanbul mayoral election raise questions about President Erdogan's future and the country's economic outlook amidst potential sanctions on Iranian officials.

Tensions between the U.S. and Iran escalate as new sanctions are planned. The UK's Huawei ban raises questions about its impact on 5G technology. Deutsche Bank faces scrutiny over its strategy to manage bad assets, igniting concerns about its U.S. operations. Businesses are struggling to meet climate goals set by the Paris Agreement, highlighting a gap between corporate promises and actual progress. Additionally, Istanbul's recent mayoral election has significant implications for Turkey's economy.

Tensions soar in the Middle East as a U.S. drone is shot down, raising fears of escalating conflict. In UK politics, Boris Johnson prepares for a showdown against Jeremy Hunt amidst Brexit debates. Meanwhile, the real estate market faces challenges, with signs of a possible slowdown following a global boom. Slack makes waves with its impressive market debut, while retail giants struggle as unsold luxury apartments proliferate. Experts discuss how shifting economic landscapes are reshaping tenant demands and investment strategies.

Tension is rising as the U.S. and China prepare for the G20 summit, hoping to ease trade disputes. Deutsche Bank faces a serious criminal investigation related to anti-money laundering compliance. Meanwhile, Nissan and Renault have reached a temporary agreement before a crucial shareholder meeting. The Federal Reserve has held interest rates steady but hinted at future cuts, prompting discussions about market reactions to potential changes.

Facebook's ambitious digital currency plans stir controversy among banks and regulators. Meanwhile, Renault and Nissan quietly shift their joint operations, signaling a shift in partnerships. The UK Conservative Party narrows its leadership contenders to five, adding to the political drama. Additionally, insights on Slack's upcoming direct listing highlight its evolution into a key business platform and the challenges it faces in managing information efficiently.

Qatar's sovereign wealth fund is ramping up investment efforts in North America and Asia. Meanwhile, Pfizer's strategic $11.4 billion acquisition aims to enhance its cancer treatment lineup. The tension between the US and Iran is rising as Iran threatens to breach nuclear deal terms, risking military conflict in the Persian Gulf. Plus, there's insight on the UK Conservative Party leadership and Facebook's digital currency ambitions.

Deutsche Bank is shaking up its trading operations, moving away from investment banking towards wealth management. Meanwhile, the US Chamber of Commerce is urging an end to the ongoing trade war with China. In Hong Kong, protesters are vocal against a controversial extradition bill. Plus, experts discuss how hedge funds are harnessing artificial intelligence to meld human trading strategies with machine efficiency. The evolving landscape of bond markets is also highlighted, focusing on algorithmic trading's impact.

Crude oil prices are on the rise amid escalating tensions in the Middle East. Meanwhile, Brussels reveals a sustained Russian disinformation effort aimed at EU parliament elections. In the UK, Boris Johnson leads the charge in the leadership contest for prime minister. The discussion also highlights a pivotal year for women's football, showcasing its growing popularity, increased sponsorships, and the ongoing fight for gender pay equality in sports, notably with landmark lawsuits involving the U.S. women's soccer team.