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Good morning.

From the newsroom of the Financial Times. Today is Friday, January 25th and this is your

FT news briefing. Today, a big day in US earnings, Intel falls victim to weakening demand for iPhones, while Starbucks is doubling

down with the new coffee shops opening in China. And in Davos, George Soros,

gives us a searing speech attacking Chinese President

She Jin Ping. Plus the F.T.'s Chris Giles takes us along on his ride with a

truck driver through the Euro tunnel to see exactly how Brexit might affect trade.

I'm Eric Krucky and here's the news you need to start your day.

Intel was one of several big US companies to report earnings late yesterday and it looks like

the chipmaker has become another casualty of weakening demand for Apple's iPhone.

Intel reported a shortfall in fourth quarter revenue compared with forecasts.

Revenue for the period grew by 9% to 18.7 billion dollars.

But that fell short of the numbers on a few things, including the economic slowdown in China, a pause in demand from

cloud customers as they used existing spare capacity, and a weaker demand for its modems which

are used in the iPhone. Shares in the chipmaker fell nearly 7% in aftermarket trading.

And the head of Starbucks overseas business, John Culver, said the coffee shop chain retains a firm belief in China.

Mr. Culver told the F.T. the company stands by its plans to open nearly 600 coffee

shops in China over the next year. That's despite data this week that showed

China's economy was growing at its slowest pace in almost three decades.

Starbucks China commitment came as it reported earnings for the last quarter of 2018. Sales at

...