Trump shifts power from shareholders to bosses
Summary
Today's FT News Briefing discusses significant global developments. The UK and US are strengthening cooperation on digital asset regulations, while Israel has launched a ground invasion into Gaza City, leading to a UN commission alleging genocide and a worsening humanitarian crisis. Elsewhere, former ECB president Mario Draghi criticized the EU's economic competitiveness. Finally, the Trump administration is enacting changes that shift power away from shareholders and towards company executives, potentially impacting investment.Episode description
The UK and US are set to announce deeper co-operation on digital assets such as cryptocurrencies, a UN commission concluded that Israel has committed genocide against Palestinians in Gaza, and Mario Draghi has warned that the EU’s economic competitiveness is on the retreat due to “inaction” by Brussels. Plus, Donald Trump’s administration is shifting the balance of power from shareholders to company bosses.
Mentioned in this podcast:
UK set to announce closer co-operation with US on cryptocurrencies
Israel launches ground invasion of Gaza City
EU economy falls behind global rivals due to ‘complacency’, warns Mario Draghi
Donald Trump tilts balance of power from investors to CEOs
Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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