300 episodes

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.

FT News Briefing Financial Times

    • Daily News
    • 5.0, 2 Ratings

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.

    Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine

    Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine

    Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock price collapsed, and McDonald’s is suing its former chief executive, Steve Easterbrook, over sexual conduct allegations. Plus, Russia has become the first country to grant regulatory approval to a vaccine against Covid-19. The FT’s Henry Foy explains what this means for the global race to treat coronavirus. 


    Joe Biden names Kamala Harris as his running mate
    https://www.ft.com/content/6b975742-3200-4a5c-902c-e6303f55da03


    McDonald’s gets tough with former chief over fresh sexual conduct claims
    https://www.ft.com/content/99718ee2-152f-4749-b8d7-db8065a20a39


    Kodak board member donated $116m in shares to charity
    https://www.ft.com/content/6e7494c4-56cd-4121-8027-ecfc9586958c


    Russia to start mass use of its Covid-19 vaccine in coming weeks
    https://www.ft.com/content/219b973f-c50a-4071-994f-cc4592d43e1b
     
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    • 10 min
    Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic

    Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic

    A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of its annual stress test. Plus, the FT’s Richard Milne explains why any labelling of Sweden’s approach to coronavirus might be an oversimplification. 


    Uber and Lyft told to treat drivers as employees in California
    https://www.ft.com/content/051a319c-e599-4975-90ea-40211b6a1417


    Fed denies Goldman’s appeal against stress test results
    https://www.ft.com/content/ba208f8d-a388-4fe5-a01b-2cb030bb9a03


    Sweden’s pandemic no longer stands out
    https://www.ft.com/content/7acfc5b8-d96f-455b-9f36-b70dc850428f?
     
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    • 10 min
    Deals resurgence, aid to Beirut, internal pushback at Nike

    Deals resurgence, aid to Beirut, internal pushback at Nike

    A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devastated Lebanon’s capital. Plus, the FT’s US sports business correspondent, Sara Germano, explains why a group of employees at Nike have asked management to publicly acknowledge the company’s own internal shortcomings on equality before promoting the ideal to consumers. 


    Megadeals lead M&A revival as big companies bulk up
    ft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?


    Future of Lebanon and entire region at stake, warns Macron
    https://www.ft.com/content/c44ff8e3-1715-499f-8d0e-6774a3d6b8aa


    Black employees at Nike object to company’s new ad
    https://www.ft.com/content/e8b4a2e3-e0cf-467a-890b-b64db664778a
     
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    • 10 min
    Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok

    Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok

    A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data made public by  the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover talks for TikTok. 


    Appetite for Uber Eats fails to offset ride-sharing collapse
    https://www.ft.com/content/0f0cd5f1-f88d-44e1-8b6a-7b50e48118aa


    Quicken Loans IPO: mortgage pioneer cashes in a big win
    https://www.ft.com/content/4f7e583a-3327-42fd-80cc-81bde2339a9b


    How many jobs were saved by the US small business bailout?
    https://www.ft.com/content/fd288b21-3391-4881-95a3-6b860c007ec0


    TikTok deal tests Microsoft’s decades of China experience
    https://www.ft.com/content/b02d5324-07e6-48ac-b658-b8c400d9b4fc
     
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    • 9 min
    US lawmakers probe loan to Kodak, Zynga earnings, Biden spending

    US lawmakers probe loan to Kodak, Zynga earnings, Biden spending

    US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the FT’s Washington correspondent, Lauren Fedor, has some updates on how the campaign of presumptive Democratic presidential nominee Joe Biden is doing. 


    House Democrats probe $765m government loan to Kodak
    ft.com/content/e4ab02ba-f8f7-4ca9-b881-9400ee612e18?


    Zynga earnings boosted by lockdown gaming habits
    https://www.ft.com/content/dfee19e3-1084-4d53-b522-99b6595281e7?


    Joe Biden aims to outspend Donald Trump on TV ads ahead of US election
    https://www.ft.com/content/012896c0-71ee-4081-a3a5-8b1ca864b214
     
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    • 9 min
    Beirut explosion, ETF gold spree, UK tax authority takes on General Electric

    Beirut explosion, ETF gold spree, UK tax authority takes on General Electric

    Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some central banks. Plus, the FT’s Tabby Kinder explains why the UK tax authority, HM Revenue & Customs, is going after General Electric on fraud allegations.


    Beirut rocked by massive explosion
    https://www.ft.com/content/efb1426f-a80f-4b38-99c1-67a7a0823c4a


    ETF becomes one of world’s biggest gold owners as investors flock in
    ft.com/content/5316a714-6aa9-4919-ab29-96fab47cf2d4


    Disney plans a digital debut for ‘Mulan’
    https://www.ft.com/content/e39b07a9-edde-4dd3-9356-31bb11cd39e2


    Why the UK tax authority is accusing General Electric of a $1bn fraud https://www.ft.com/content/02a6fa1b-8b62-4e1e-9100-fe620c8ec96c
     
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    • 8 min

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