Market relief rally, ECB flexes, WeWork cash burn
FT News Briefing27 Mar 2020

Market relief rally, ECB flexes, WeWork cash burn

US stocks were up for a third straight day after the Senate agreed to a $2.2tn stimulus package Wednesday. The bill comes as a report on Thursday showed that a record 3.3m Americans filed for unemployment last week from the coronavirus shutdown. Plus, the European Central Bank is giving itself a tremendous amount of flexibility in its plan to buy €750bn in additional bonds to contain the fallout from the virus. And, WeWork burnt through $1.4bn last quarter, almost all the cash injection its principal backer SoftBank had most recently provided.


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Episoder(2106)

Wednesday, November 28

Wednesday, November 28

The EU is set to release an ambitious new climate change road map, Microsoft briefly overtakes Apple as the most valuable company in the world and GlaxoSmithKline nears a deal to sell its nutrition bu...

28 Nov 20187min

Tuesday, November 27

Tuesday, November 27

United Technologies reveals a plan to split into three, Donald Trump puts pressure on Theresa May's Brexit deal, GM plans to shut down seven plants worldwide and Nasa lands a spacecraft on Mars. Plus,...

27 Nov 20187min

Monday, November 26

Monday, November 26

Prime Minister Theresa May begins a campaign to sell the Brexit deal, new questions emerge about Goldman Sachs and 1MDB and Russia and Ukraine face off at a Crimea maritime checkpoint. Plus, why prote...

26 Nov 20188min

Friday, November 23

Friday, November 23

What's in the draft Brexit declaration agreed between Theresa May and Jean-Claude Juncker, the fallout from Italian fashion house Dolce & Gabbana's cultural blunder in China, a diplomatic rift between...

23 Nov 20189min

Thursday, November 22

Thursday, November 22

Theresa May and Jean-Claude Juncker finalise Britain's exit package from the EU, US retailers’ hopes for a Thanksgiving weekend bonanza and a potential weakening of the G7 line on protectionism. Plus,...

22 Nov 20188min

Wednesday, November 21

Wednesday, November 21

The S&P 500 loses its gains for the year, Donald Trump defends Saudi Arabia's Mohammed bin Salman, and Danske Bank faces more fallout over their €200bn money laundering scandal. Plus, we take a look a...

21 Nov 20187min

Tuesday, November 20

Tuesday, November 20

France has new demands that could slow Brexit talks, Nissan's chairman is arrested and Apple and semiconductor companies lead a sell-off in US trading. Plus, Anjli Raval, the FT's senior energy corres...

20 Nov 20189min

Monday, November 19

Monday, November 19

Tim Cook talks about regulating big tech, tensions between the US and China heat up and Prime Minister Theresa May faces an uncertain path forward on a Brexit deal. Plus, the FT's Michael Peel tells u...

19 Nov 20189min

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