US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale
FT News Briefing18 Kesä 2020

US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale

The US has suspended talks with European countries on a new global tax framework for technology companies, private equity groups in the US have been on a spending spree despite worldwide lockdowns due to the pandemic, and the bankrupt car rental company Hertz halted its controversial $500m share sale. Plus, the FT’s Seoul bureau chief Edward White explains how Donald Trump’s transactional approach to foreign policy is affecting America’s relationships with Asian countries.

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A daily rundown of the global business news you need to know for the coming day. FT News Briefing starts Monday, October 15. Hosted on Acast. See acast.com/privacy for more information.

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