Good morning from the Financial Times. Today is Friday, October 8th, and this is your F.T. News Briefing.

Ireland agreed to bump up its famously low corporate tax rate for the sake of a global deal,

and what the heck went on in energy markets this week. Katie Martin will give us the details.

Plus, Facebook Whistleblower Francis Hogan testified before US Congress about how the company

puts profits ahead of user safety. She also claimed Facebook skews some of its metrics to make

its user base look bigger. Those numbers are being presented to advertisers while the company

also acknowledges that up to 16% of the total outstanding user base could be made up of duplicate

accounts or false accounts. I'm Mark Filipino and here's the news you need to start your day.

Two words were all that's been holding Ireland back from agreeing to an increase in the global

corporate tax rate ahead of an OECD meeting today. Ireland didn't want to raise its cherished

12.5% corporate tax to at least 15%, but they were lent to yesterday when deal makers changed

the wording. They struck out the words at least, and so Ireland has now decided that, well, yes,

it can sign, and this is the deal now that's going to be, I imagine, agreed at the OECD's meeting

today in Paris. That's the FT's Ireland correspondent Jude Weber. While there are still some holdouts

in Europe like Hungary, she says now the biggest holdout could be in the US. And this is the problem

because obviously Joe Biden wants this, Janet Yellen wants this, but it has to get through

Congress and Biden only has a very tiny majority in the Senate. So it's not very clear yet whether

that's in the bag. But what, Minister Pascal Donahue has said, every country would come on board

to be able to bring Ireland into the agreement at this moment. So basically he thinks that everybody

will come around this rally round this together, and he was fairly optimistic, but obviously that's

coming further down the line. And it's important to note as well that even though today's meeting

is going to agree this, and that's a landmark moment, a lot of the fine prints still has to be

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