Friday, August 9

Friday, August 9

Uber posts a $5.2 billion loss as costs from its initial public offering hit earnings, Italy’s prime minister Giuseppe Conte asks for parliament to be recalled so he can hold a vote of confidence and US stocks notched their biggest jump in two months on Thursday after upbeat Chinese data soothed investors’ nerves. Also, Broadcom agrees a deal to acquire Symantec’s enterprise security business for $10.7bn, Kraft Heinz takes another $1.2bn in writedowns, UK prime minister Boris Johnson eyes an election in the days after Brexit and sources tell the FT that at least nine senior figures have been removed from their posts at Turkey’s central bank. Plus, the FT’s US mergers and acquisitions correspondent, Eric Platt, tells us about WeWork’s corporate structure revamp as it prepares to go public.

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Episoder(2175)

The EU’s push to deregulate banks

The EU’s push to deregulate banks

British teenagers face a midnight curfew on social media platforms, US inflation dipped in June and Wall Street’s top banks brought in $19.3bn in revenue from equities trading. Plus European regulator...

15 Jul 11min

Dubai wants to bypass Strait of Hormuz

Dubai wants to bypass Strait of Hormuz

The United Arab Emirates is trying to build a port that will bypass the Strait of Hormuz, and American small-cap companies are soaring after years of underperformance. Plus, the FT’s Michael Pooler ex...

14 Jul 10min

Citigroup’s ruthless remake

Citigroup’s ruthless remake

Wall Street banks are set to report their biggest haul from investment banking fees in four and a half years, while Citigroup boss Jane Fraser has ruthlessly rebuilt the bank to get it back to its pre...

13 Jul 11min

Rewiring sport: How technology is helping athletes break barriers

Rewiring sport: How technology is helping athletes break barriers

Introducing Rewiring Sport from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed.For decades, sportspeople have been getting fitter, faster and reaching ever-higher levels of...

11 Jul 27min

World Cup stirs up colonial past

World Cup stirs up colonial past

OpenAI and Google are selling their advanced AI models to Chinese tech giants blacklisted by the Pentagon, and South Korea's SK Hynix is listing in the US on Friday in what could be the biggest share ...

10 Jul 11min

The cost of a broken ceasefire

The cost of a broken ceasefire

The US struck Iran for the second night in a row, and the IMF warned that renewed conflict in the Middle East would drive up global inflation. Plus, US oil producers and refiners are set to post recor...

9 Jul 9min

Marine Le Pen’s risky comeback

Marine Le Pen’s risky comeback

US President Donald Trump threatened to remove all American troops from Europe and is reviving his calls to take over Greenland, French far-right leader Marine Le Pen said she will run for president, ...

8 Jul 11min

The Big Four’s problems Down Under

The Big Four’s problems Down Under

Greek shipping companies have made at least $3.8bn transporting Russian oil over the past three years, Turkey wants its booming defence sector to arm Europe, and large institutional investors are comm...

7 Jul 10min

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