US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses
President Donald Trump signed legislation on Tuesday that gives his administration more power to impose sanctions on Chinese officials, the Trump administration reversed its rule that international st...
15 Jul 20207min
EU to go after low-tax countries, California rolls back reopening plans, European summer tourism
Brussels is planning to pursue low-tax member states over their advantageous corporate tax regimes, California is rolling back its reopening effort due to a surge in Covid-19 cases, and US technology ...
14 Jul 20208min
UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning
Boris Johnson is set to unveil plans this week to phase Huawei out of the UK’s 5G mobile phone networks, WeWork’s executive chairman tells the Financial Times that the company is on track to have posi...
13 Jul 20209min
Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny
US and European banks in Hong Kong are conducting emergency audits of their clients to identify officials and corporates that could face possible US sanctions over the new national security law, the F...
10 Jul 20209min
Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases
In an interview with the FT, European Central Bank president Christine Lagarde said that “women are the first victims” of events such as a pandemic and discussed the steps towards recovery. Plus, UK b...
9 Jul 20209min
Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power
The US has begun the process of leaving the World Health Organization, the FT reports that international investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia group, and U...
8 Jul 20209min
Social media groups block HK authorities, PPP loans, day trading dangers
Facebook, Google and Twitter have all said they would temporarily block Hong Kong’s authorities from accessing user data despite threats from the government, the US claims its small business bailout p...
7 Jul 202011min
Repairing the social and economic damage brought by the pandemic
Covid-19 has been a global shock. But will it be a transformative one? In this special edition of the FT News Briefing, the FT’s chief economics commentator, Martin Wolf, explains why the global free ...
6 Jul 20209min
