Brussels threatens UK with legal action, Citi’s new CEO, Japan PM favourite
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 11 September 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
Brussels has threatened legal action over the UK Brexit treaty breach, and Citigroup will become the first big Wall Street Bank to be run by a female chief executive after appointing Jane Fraser as Mike Corbat’s successor. Plus, the FT’s Tokyo Bureau chief, Robin Harding, will give us a glimpse of what Japan might look like under prime ministerial frontrunner Yoshihide Suga.
Citi becomes first big Wall Street bank to be run by female CEO
https://www.ft.com/content/029264f1-f9a6-44c4-aa3e-86c7d50e3b55
Suganomics’ from A to Z: policies of Japan’s PM frontrunner
https://www.ft.com/content/4741f081-cc97-4a46-bdcf-50cdb6336808
Russian hackers are targeting both US parties, Microsoft says
https://www.ft.com/content/29476d87-0eab-4d2b-b3a6-58e3536807ef
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Friday, September 11th. |
| 0:04.0 | And this is your FT news briefing. |
| 0:07.0 | Brussels threatens the UK with legal action |
| 0:11.0 | if it overrides its Brexit treaty. |
| 0:13.0 | And Citigroup's next chief executive is breaking up Wall Street's Boys Club. |
| 0:17.0 | Plus we'll see what Japan might look like if front-runner |
| 0:20.0 | Yoshi Heide, Suga, becomes Prime Minister. |
| 0:24.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:27.0 | The UK and the EU agreed on a withdrawal agreement last year. |
| 0:38.0 | Big part of that focused on Northern Ireland. |
| 0:40.7 | The two sides came down on this. There would be no hard trade border and to do this |
| 0:45.3 | Northern Ireland would stay close to the EU Customs Union while also staying in the |
| 0:50.5 | UK's customs territory. |
| 0:53.0 | But this week, the UK introduced a bill that would undermine all of that. |
| 0:57.0 | And this wasn't accidental. |
| 0:59.0 | One cabinet minister said that the bill was actually intended to break international law. |
| 1:04.4 | Now the European Commission wants the UK to scrap the bill or else the Commission will take |
| 1:09.2 | legal action. |
| 1:11.0 | The FT's EU correspondent Jim Brunston explains that what we have now is a standoff. |
| 1:16.0 | It's quite interesting how Brussels has decided to play this. |
| 1:19.0 | They've handed the UK to end of September bedlines to withdraw the legislation. |
... |
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