FT News Briefing
Summary: A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.
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Warren Buffett, the largest shareholder at Wells Fargo, calls on the US bank to look outside Wall Street for a new chief executive, Saudi Aramco attracts nearly $30 billion for an upcoming international bond sale and Kirstjen Nielsen, the US secretary of homeland security, resigns from her post. Plus, the FT’s political editor George Parker talks about the upcoming week in British politics ahead of the EU's emergency Brexit summit. See acast.com/privacy for privacy and opt-out information.
Talks between Prime Minister Theresa May and Labour leader Jeremy Corbyn have slowed ahead of a crucial European Union summit, a federal judge says the Securities and Exchange Commission and Elon Musk, Tesla chief executive, must resolve a Twitter dispute outside of court and the price of oil tops $70 a barrel for the first time since November. Plus, the FT’s James Politi tells us why the US and China have pushed back the timing of a possible trade deal. See acast.com/privacy for privacy and opt-out information.
Theresa May and Labour leader Jeremy Corbyn kick off negotiations on the future of Brexit, UniCredit prepares a rival multibillion-euro bid to take control of Commerzbank and Facebook user data has been exposed via Amazon cloud computing servers. See acast.com/privacy for privacy and opt-out information.
Theresa May agrees to talk with Labour leader Jeremy Corbyn about a softer Brexit deal. Next, despite pressure from both Democrats and Republicans US drug prices continue to soar. Then, the world’s top energy organisation is under fire for a plan critics are calling “too fossil friendly”. See acast.com/privacy for privacy and opt-out information.
British MPs have rejected every single proposal to find a way forward for Brexit. So how can the UK break the deadlock? And the long-awaited initial public offering of ride-hailing app Lyft shifts into reverse on only its second day of trading. See acast.com/privacy for privacy and opt-out information.
With Theresa May's Brexit plan in left in tatters on Friday, the British government spent the weekend trying to find a way out of the impasse. Today, MPs will likely try to take control of the House of Commons agenda again in an attempt to find a majority for a different way of leaving the European Union. We look ahead at the week in Westminster. See acast.com/privacy for privacy and opt-out information.
Swedbank feels the heat over money laundering accusations, Turkey burns through a third of its foreign currency reserves in an effort to contain the weakness of the lira, and, German businesses brace for no-deal Brexit See acast.com/privacy for privacy and opt-out information.
We report on a series of votes in parliament to gauge MPs views on different Brexit scenarios. Another Nordic bank is caught up in a money-laundering scandal. Plus, Gideon Rachman and colleagues discuss whether Israel's long serving prime minister can overcome corruption allegations and renewed violence from Gaza to win a fifth term in office See acast.com/privacy for privacy and opt-out information.
Renault and Nissan patch up their alliance and plan a further acquisition to bulk up the business, a leading Eurosceptic says he has decided after all to back Theresa May’s deal on Brexit, and we learn more about former Uber chief Travis Kalanick’s new global venture. Plus, why European investors are becoming concerned about rising levels of banker pay. See acast.com/privacy for privacy and opt-out information.
Members of UK Parliament vote to seize control of the Brexit process, Apple brings out Hollywood’s biggest names to unveil a renewed push into digital services and McDonald’s makes another investment in its restaurant technology. Plus, the FT’s motor industry correspondent Peter Campbell explains why Volvo’s chief executive is warning about self-driving cars. See acast.com/privacy for privacy and opt-out information.
Theresa May fends off a challenge to her leadership ahead of a high-stakes week for Brexit, Robert Mueller’s report on Russian meddling in the 2016 election finds no collusion and Uber is expected to sign a $3.1bn deal for a Dubai-rival. Plus, the FT’s global technology correspondent Tim Bradshaw explains what to expect from Apple’s big bet on television. See acast.com/privacy for privacy and opt-out information.
EU leaders give Theresa May a short Brexit extension, Spotify enters high-stakes licensing talks with music rights owners and US stocks get a boost from the technology sector. Plus, the FT’s Robin Wigglesworth reports from the floor of the New York Stock Exchange as the American jeans maker Levi Strauss goes public. See acast.com/privacy for privacy and opt-out information.
UK Prime Minister Theresa May makes a big gamble that risks a no-deal Brexit, the Federal Reserve signals it will hold rates steady all year as economic growth slows, Levi Strauss returns to the stock market with a $6.6bn valuation and retailer Williams Sonoma delivers an unusually rosy outlook for the year. See acast.com/privacy for privacy and opt-out information.
EU leaders tell the UK government there are no guarantees Brexit can be delayed, Google overhauls how it displays certain search results in Europe to avoid more trouble, another round of US-China trade talks are scheduled for next week in Beijing and FedEx shows the effects of a weakening global economy. Plus, the FT’s Kadhim Shubber explains the latest in the fight between Tesla chief executive Elon Musk and the US Securities and Exchange Commission. See acast.com/privacy for privacy and opt-out information.
The Speaker of the House of Commons delivers a fresh blow to Prime Minister Theresa May's Brexit deal hopes, the $43bn Worldpay deal piles pressure on rivals for more tie-ups and US farmers are being cut out of the Japanese market. Plus, the FT's Shannon Bond explains how ride-hailing company Lyft plans to pitch investors before its upcoming IPO. See acast.com/privacy for privacy and opt-out information.