Tuesday, March 3
FT News Briefing3 Maalis 2020

Tuesday, March 3

US stocks ended a seven-day losing streak on Monday on expectations that central banks will soften the economic impact of the coronavirus outbreak and driverless car company Waymo raises $2.3bn from a group of outside investors. Plus, the FT’s George Parker explains the expectations of both the United Kingdom and the European Union as their trade talks begin.

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Jaksot(2134)

PwC plans overhaul of consulting business

PwC plans overhaul of consulting business

Ships are altering course as the US Navy’s blockade of the Strait of Hormuz continues into its third day, and PwC plans to overhaul its global consulting business. Plus, insurers are turning to catast...

15 Huhti 11min

OpenAI investors question its valuation

OpenAI investors question its valuation

A key UK government official says Britain’s leaders have shown a “corrosive complacency” towards defence, OpenAI’s $852bn valuation is under increasing scrutiny from its own backers and fixed-income t...

14 Huhti 11min

Hungary ousts longtime prime minister Viktor Orbán

Hungary ousts longtime prime minister Viktor Orbán

Hungary’s prime minister Viktor Orbán concedes, US President Donald Trump says America will launch a naval blockade of the Strait of Hormuz after peace talks with Iran failed, and Wall Street banks ar...

13 Huhti 12min

US-Iran war boosts used electric vehicle sales

US-Iran war boosts used electric vehicle sales

Shipping through the Strait of Hormuz remains at a standstill, sales of used electric vehicles are surging in the US, and the International Monetary Fund is warning that the war’s shocks will be felt ...

10 Huhti 12min

The oil market navigates a shaky ceasefire

The oil market navigates a shaky ceasefire

The Middle East ceasefire is strained, the FT’s Jamie Smyth explains how the uncertainty is hitting oil markets and Pakistan has become a mediator between the US and Iran. Plus, the data chief of the ...

9 Huhti 11min

US and Iran agree to two-week ceasefire talks

US and Iran agree to two-week ceasefire talks

US President Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks” subject to Iran reopening the Strait of Hormuz, hedge funds made record bets against European...

8 Huhti 12min

China lends Cuba a helping hand

China lends Cuba a helping hand

The US and Iran rejected each other’s peace proposals, EU officials are urging governments to avoid excessive support to offset surging energy prices, and the value of buyouts by private equity groups...

7 Huhti 10min

Counting the costs of Trump’s immigration crackdown

Counting the costs of Trump’s immigration crackdown

In a special edition of the FT News Briefing, reporter Guy Chazan explains the cost of US President Donald Trump’s immigration crackdown. We hear from business owners and people affected by the polici...

6 Huhti 12min

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