FT News Briefing

In a politically charged climate, Prime Minister Netanyahu's push for repeat elections shakes up Israel's governance. In the U.S., Democrats wrestle with the impeachment debate following Mueller's inquiry into Trump's campaign. Meanwhile, KPMG faces backlash as two female partners resign amid bullying claims. Across the pond, Conservatives harden their stance on a no-deal Brexit, intensifying the leadership contest and revealing fractures within British politics post-European elections.

A UK health secretary blasts rival Boris Johnson in a bold challenge for Conservative leadership. Meanwhile, Spain and France team up to block a German candidate for the European Commission presidency. The escalating US-China trade war raises expectations for Federal Reserve interest rate cuts, stirring global economic concerns. Additionally, insider insights reveal the potential impact of a 33 billion euro merger between Fiat Chrysler and Renault, hinting at a seismic shift in the auto industry.

The Brexit Party's triumph in European elections intensifies the pressure for the UK to exit the EU without a deal. Aviva's restructuring plans indicate significant shifts in the UK business landscape. Disney's live-action 'Aladdin' dominates the US box office during the holiday weekend. Additionally, discussions on digital therapeutics reveal how tech companies are leveraging insights into human behavior to aid opioid addiction recovery, sparking debates on privacy and security in mental health technology.

Pro-EU parties showed resilience in recent European elections. Fiat Chrysler and Renault are discussing a potential merger that could shake up the auto industry. Meanwhile, ByteDance, the world's most valuable unicorn, is eyeing the smartphone market. A deep dive into Brazil reveals how Jair Bolsonaro's presidency has shifted focus from economic issues to cultural debates, sparking public protests and challenges. The ongoing pension reform is also highlighted, aiming to enhance fiscal confidence and attract foreign investment.

Donald Trump suggests that Huawei could play a role in U.S.-China trade negotiations. Facebook reveals it has eliminated a staggering 2.2 billion fake accounts in just three months. JPMorgan Chase distances itself from Purdue Pharma amid ongoing opioid crisis lawsuits. The dominance of Wall Street banks like Goldman Sachs and Morgan Stanley in tech IPOs is scrutinized, particularly in light of Uber's turbulent listing, signaling possible shifts in the tech financial landscape.

UK Prime Minister Theresa May faces imminent pressure to resign as her Brexit plan falters. Meanwhile, Tyson Foods eyes Kazakhstan for a multi-billion dollar investment to circumvent trade tariffs with China. Additionally, a US judge upholds subpoenas for President Trump’s banking records, adding to his legal woes. The discussion also highlights Deutsche Bank's challenges as it gears up for its annual meeting and the potential shifts in leadership necessary for revitalization.

UK Prime Minister Theresa May proposes a deal that could lead to a second EU referendum, stirring political waves. In aviation news, strict conditions are outlined for Boeing's 737 MAX return to the skies. Meanwhile, major U.S. department stores report disappointing quarterly results, raising concerns about their futures. On a global scale, China's film industry grapples with funding shortages due to recent government regulations, opening doors for foreign blockbusters to thrive in this challenging landscape.

Federal Reserve Chair Jay Powell reassures markets about corporate debt risks, easing fears of a financial meltdown. Hungarian Prime Minister Viktor Orban ramps up campaign efforts as European parliamentary elections approach. Meanwhile, the UK sees a shocking increase in crypto and forex fraud claims. The tech rivalry between the U.S. and China heats up, featuring Huawei's struggle amid trade tensions and security concerns, highlighting the evolving landscape of global tech competition.

US intelligence warns companies about risks of doing business in China, focusing on cybersecurity threats. A significant portion of federal bailout funds for farmers has been concentrated among a few operators. India's election hints at a strong win for Narendra Modi, while European elections face challenges as centrist parties struggle against populism. The chapter discusses the UK's continued influence in EU politics despite Brexit, highlighting the role of UK MEPs in shaping future legislative outcomes.

Shares of Pinterest plummet after a lackluster earnings report, while Luckin Coffee secures a $561 million IPO, challenging Starbucks in China. UK Prime Minister Theresa May hints at her resignation timetable amid political turmoil, as attention shifts to Australia's contentious federal election. The ongoing leadership instability in Australia since 2007 raises concerns over economic and climate issues among voters. Tensions run high as the nation braces for significant electoral changes.