Brexit watch, China-Australia tensions, 2020 corporate winners and losers
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 24 December 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Britain and the EU were finalising a historic post-Brexit agreement on Wednesday night. Plus, Beijing’s market regulator has announced an antitrust investigation into Alibaba, China’s ban on Australian coal exports is hurting its companies, and the FT’s US business editor, Andrew Edgecliffe-Johnson, looks at 2020’s corporate winners and losers as well as who might rebound in 2021.
Britain and EU poised to announce Christmas Eve Brexit deal
ft.com/content/4993212f-25c8-479e-83d6-f7db3731d1be?
China launches antitrust investigation into Alibaba
ft.com/content/bdcc073f-3b70-4411-92d7-ee36973a8b7a
Politics come first’ as ban on Australian coal worsens China’s power cuts
https://www.ft.com/content/e83fffeb-3ef2-4b67-8989-6d17f153d8d4
Prospering in the pandemic: the top 100 companies
https://www.ft.com/content/844ed28c-8074-4856-bde0-20f3bf4cd8f0
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.7 | Today is Thursday, December 24th. |
| 0:04.3 | This is your FT news briefing. |
| 0:09.2 | We waited all day Wednesday, and a trade deal never came came but Britain and the EU could announce |
| 0:14.8 | their post-Brexit agreement as soon as today. Beijing is going after Alibaba |
| 0:20.1 | in a new antitrust investigation while China's trade sanctions against Australia |
| 0:25.0 | are causing pain back home. |
| 0:27.0 | Plus, the US corporate landscape has seen some companies thrive |
| 0:31.0 | during the pandemic, while others have been decimated. |
| 0:34.1 | We'll look at who might rebound in 2021. I'm Mark Filipino and here's the news you need |
| 0:40.3 | to start your day. |
| 0:43.7 | The EU and Britain went into the late hours of the night finalizing a historic post-Brexit |
| 0:49.3 | trade deal and it looks like we could find out the details of that deal sometime today. |
| 0:55.0 | The two sides spent Wednesday night nailing down the legal text. |
| 0:58.4 | It'll preserve tariff-free trade and goods between the EU and the UK, and it also protects cooperation in areas such as security. |
| 1:06.0 | But what about the fishing rights that have jammed up talks over the past several weeks? |
| 1:10.0 | People briefed on the talks say there will be a five and a half year transition |
| 1:14.4 | period. In that time, EU boats can still access UK fishing waters, but the EU's fishing rights will |
| 1:20.9 | be knocked down by a quarter in that transition period. |
| 1:24.0 | Still, this deal is being called thin, but it could provide the legal base on which the two |
| 1:28.9 | sides can rebuild relations. |
| 1:31.3 | It has, after all, been more than four years since the UK voted to leave the European Union. |
... |
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