FT News Briefin‪g‬ Financial Times

The yield on the benchmark 10-year Treasury exceeded 1.5 per cent for the first time in a year and the outgoing head of Petrobras warns Brazil’s President Jair Bolsonaro against state controlled fuel prices. Plus, the FT’s Africa editor, David Pilling, discusses the Covax vaccine rollout in low-income countries. 


Wall Street stocks sell off as government bond rout accelerates
https://www.ft.com/content/ea46ee81-89a2-4f23-aeff-2a099c02432c


Ousted Petrobras chief hits back at Bolsonaro 
https://www.ft.com/content/1cd6c9fb-3201-4815-9f4f-61a4f0881856?


Africa will pay more for Russian Covid vaccine than ‘western’ jabs
https://www.ft.com/content/ffe40c7d-c418-4a93-a202-5ee996434de7
 
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GameStop’s share price doubled in the final 90 minutes of trading on Wednesday, partners at the consultancy McKinsey have voted to remove Kevin Sneader from his post as global managing partner, and Myanmar’s banking system has ground almost to a halt as employees joined protests against the military coup. Plus, climatologist Michael Mann explains why wind power is not to blame for power failures in Texas during the recent cold snap.


GameStop shares double in final 90 minutes of trading day
https://www.ft.com/content/50eaa1b5-d244-4b3e-b460-736828c049cd


Myanmar protesters join general strike in defiance of threats of violence
https://www.ft.com/content/5f61da58-e618-42a8-b13c-300567248ff1


Blaming Texas electricity failure on wind
https://www.ft.com/content/adc21f2b-ccf7-4b8b-8604-53cae556a7dd


Sports gear maker Under Armour halves sponsorship commitments
https://www.ft.com/content/f97405a1-4187-4186-833c-c8c4f07bfcbf
 
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 Federal Reserve chairman Jay Powell spoke to Congress on Tuesday and indicated the central bank would maintain its ultra-loose monetary policy, the Biden administration is planning a broad package of measures to punish Moscow for the SolarWinds hack, and holiday bookings in the UK surged after Prime Minister Boris Johnson announced a plan for easing the coronavirus lockdown. Plus, the FT’s banking editor, Stephen Morris, explains why the global bank HSBC is pivoting back to its roots in Asia.


Powell signals ‘hope for return to more normal conditions’
https://www.ft.com/content/7f4a37e4-1930-4f9c-86e5-5e6fd9fbba5a


US considers sanctions against Russia over SolarWinds hack
https://www.ft.com/content/d7d67ea7-8423-4b9c-819d-761fa4a10fa0?


Holiday bookings surge after UK unveils plans for lockdown easing
https://www.ft.com/content/055ba761-3610-4d61-97a3-4a3719af066d


HSBC shifts ‘heart of business’ to Asia in latest strategy revamp
https://www.ft.com/content/eb321081-434e-43f4-b9e7-13354afdfc5f
 
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The Nasdaq Composite closed 2.5 per cent lower on Monday as rising inflation expectations undercut arguments for tech stocks’ high valuations, Brazilian markets were rattled after president Jair Bolsonaro removed the head of Petrobras, and American rapper Jay-Z signs a big champagne deal with LVMH. Plus, the FT’s clean energy and environment correspondent, Leslie Hook, explains how Big Tech companies became one of the world’s largest supporters of green energy. 


Global stocks fall on nerves over inflation outlook
https://www.ft.com/content/cab2caee-60c9-40cb-a115-099287ab8bf4


Brazilian markets rattled by Bolsonaro’s removal of Petrobras chief
https://www.ft.com/content/68b0c6cf-7d78-4e0e-9025-bfaca7e098e2


LVMH signs champagne deal with rap star Jay-Z
https://www.ft.com/content/840826e8-a70e-4f1d-82a4-1b83895eced5


How tech went big on green energy
https://www.ft.com/content/0c69d4a4-2626-418d-813c-7337b8d5110d?
 
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UK prime minister, Boris Johnson, is set to lay out a road map for lifting England’s lockdown, HSBC is accelerating its “pivot to Asia”, and McKinsey’s 650 senior partners have begun voting on whether Kevin Sneader should serve a second term at the helm of the business consultancy. Plus, the UK’s competition watchdog is planning new probes on Big Tech companies. The FT’s Brussels correspondent, Javier Espinoza talks to Andrea Coscelli, the head of the UK’s Competition and Markets Authority. 


Schools in England to reopen on March 8 under easing of lockdown
https://www.ft.com/content/3a0434e5-8cac-4922-8f0f-062db0604115


HSBC intensifies pivot to Asia with job moves and US exit
https://www.ft.com/content/38c3670c-3b0f-41e6-874e-0f9eee553744


UK competition watchdog warns Big Tech of coming antitrust probes
https://www.ft.com/content/da5c30a8-6fab-4131-b6bd-f8f05dcf5a46?


McKinsey senior echelons vote in referendum on Sneader leadership
https://www.ft.com/content/f001f3ef-e296-4eb6-b711-5f7cb773e314
 
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In an exclusive interview with the FT, French president Emmanuel Macron urges wealthy countries to help poorer ones access coronavirus vaccines, and US lawmakers grill key players in the GameStop trading saga. Plus the FT’s markets editor Katie Martin explains why a sell off in US government bonds could threaten Wall Street’s record run. 


US bond sell-off stirs warnings over stock market strength
https://www.ft.com/content/00c99cd2-7f9a-4a37-bb20-ce8d96f2527f


Robinhood chief apologises over GameStop affair
https://www.ft.com/content/69c0b5b0-9d49-4d0e-8f32-fe9428bff5b1


Oil ‘supercycle’ predictions divide veteran trades
https://www.ft.com/content/f87ce114-f437-4c3f-bb73-fa38ca78146b
 
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