Thursday, August 15
FT News Briefing15 Aug 2019

Thursday, August 15

US equities fell 3 per cent on Wednesday on fears of slowing global growth, while bond markets signalled the chances of a mounting recession and WeWork unveiled its prospectus for a $3bn-$4bn initial public offering. Plus, UK Labour party leader Jeremy Corbyn sets out a proposal for a temporary government that would help delay Brexit, Canada’s ethics watchdog says Justin Trudeau violated conflict-of-interest law and PayPal targets growing demand from India’s mobile users.

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Episoder(2212)

Uber teams up with driver unions to fight robotaxis

Uber teams up with driver unions to fight robotaxis

Auditors warned Guggenheim Partners about weak controls within its business, and Uber is teaming up with driver unions to try to slow the rollout of robotaxis. Plus, US oil major Chevron and Italy’s E...

3 Sep 11min

Russia secretly helping Iran develop supersonic missiles

Russia secretly helping Iran develop supersonic missiles

An FT investigation found Russia has been secretly helping Iran develop advanced supersonic cruise missiles, the US launched fresh strikes on Iran, and the global bond sell-off deepened on Tuesday. Pl...

2 Sep 10min

How viable is Trump’s oil deal with Venezuela?

How viable is Trump’s oil deal with Venezuela?

Wall Street banks are pushing large law firms to cut fees because of AI, and analysts say Donald Trump’s Venezuela oil agreement may not succeed in attracting investment from US companies. Plus, Londo...

1 Sep 11min

AI’s threat to consulting

AI’s threat to consulting

Soaring demand for natural gas has pushed dealmaking to a decade high, the consulting industry is headed for an AI showdown with its own clients, and the Taliban wants to strike a minerals deal with t...

31 Aug 12min

EU policy could ice out closest trading partners

EU policy could ice out closest trading partners

Saudi Arabia’s sovereign wealth fund has replaced the chief executive at one of the country’s flagship real estate mega-projects, and global issuance of zero-interest convertible bonds is on track for...

28 Aug 11min

What Meta’s $18bn settlement means for social media

What Meta’s $18bn settlement means for social media

Nvidia reported strong sales, Meta has agreed to pay up to $18bn to settle its blockbuster social media addiction legal battle, and bond investors think that France is Europe’s new problem child. Plus...

27 Aug 11min

The risks of investing $7tn in AI data centres

The risks of investing $7tn in AI data centres

Traders and analysts are warning oil prices could soon hit $100 a barrel again, Germany is becoming a magnet for international defence groups, and Canada has announced retaliatory tariffs of up to 50 ...

26 Aug 11min

US threatens Iran’s economic partners

US threatens Iran’s economic partners

Scott Bessent said the US would expand the scope of secondary sanctions on Iran, and JPMorgan Chase is relaxing its approach to lending money against shares in companies that have recently gone public...

25 Aug 11min

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