Thursday, February 28
FT News Briefing28 Feb 2019

Thursday, February 28

The world’s largest sovereign wealth fund cuts its €1bn stake in Volkswagen almost in half, the UK Labour party formally comes out in favour of a second Brexit referendum and Russian hackers step up their campaign to disrupt the EU’s next elections. Plus, the FT’s Kadhim Shubber explains the biggest takeaways from the testimony of US President Donald Trump’s former lawyer, Michael Cohen.

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The Wolf-Krugman Exchange: Power, plutocracy and political economy

The Wolf-Krugman Exchange: Power, plutocracy and political economy

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Claer Barrett on spending wisely during the holidays

Claer Barrett on spending wisely during the holidays

The holiday season is the most wonderful time of the year, but it's also the most expensive. Between gifts, food and travel, people can end up spending a lot of money this year. The Financial Times’ c...

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India’s central bank governor cheers ‘goldilocks’ economy

India’s central bank governor cheers ‘goldilocks’ economy

BP chief executive Murray Auchincloss has said he will step down after less than two years in the role, India’s central bank governor expects the country’s interest rates to remain low for a ‘long per...

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JPMorgan swaps cash for Treasuries

JPMorgan swaps cash for Treasuries

Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its hi...

17 Dec 202510min

EU-Mercosur trade deal hangs in the balance

EU-Mercosur trade deal hangs in the balance

Shell’s merger chief departed after a bid to acquire rival BP was quashed internally, and the EU’s top trade official warns the bloc would lose global credibility if it fails to approve its trade deal...

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Investors hunt for protection against AI debt bust

Investors hunt for protection against AI debt bust

A terror attack on a Jewish event in Sydney kills more than a dozen people. Plus, investors are increasingly concerned about how much debt is funding the AI boom, world leaders meet to discuss a peace...

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Disney and OpenAI team up

Disney and OpenAI team up

Cryptocurrency entrepreneur Do Kwon is sentenced to 15 years in prison on two counts of fraud, and the Walt Disney Company will allow OpenAI to use its characters in its flagship products. Plus, footb...

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Fed cuts rates amid growing division

Fed cuts rates amid growing division

The Federal Reserve cut interest rates by a quarter point, and Oracle shares fell on Wednesday after it reported disappointing revenues. Plus, there’s one conglomerate in Abu Dhabi dominating the econ...

11 Dec 202510min

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