Johnson says prepare for no-deal Brexit, Airbnb IPO, EU’s threat to Big Tech
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 11 December 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Boris Johnson has warned Britain to prepare for a no-deal Brexit, and Airbnb shares more than doubled on their first day of trading on Thursday. Plus, the FT’s Brussels correspondent, Javier Espinoza, explains why the EU is giving Big Tech companies an ultimatum when it comes to policing the internet.
Correction: A previous version of this episode referred to Netscape as Microsoft's browser when it was in fact a rival. Internet Explorer is Microsoft's browser.
Boris Johnson warns Britain to prepare for no-deal Brexit
https://www.ft.com/content/c112b53b-9dc7-462d-b50a-523ce1d42b23
Airbnb soars on debut in latest IPO bounce
https://www.ft.com/content/a1c5cc26-b224-470a-84fe-8a6575fd33dc
EU to tell Big Tech to police internet or face large fines
https://www.ft.com/content/72371610-4820-44c0-a955-4a19e430d343
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.8 | Today is Friday, December 11th. |
| 0:04.0 | And this is your FT news briefing. |
| 0:08.6 | It looks like a Brexit deal is farther out of reach. |
| 0:11.7 | There's now a strong possibility |
| 0:14.2 | that we will have a solution that's much more |
| 0:17.3 | like an Australian relationship with the EU |
| 0:20.4 | than a Canadian relationship with the EU. |
| 0:23.0 | And the EU released its Brexit backup plan. |
| 0:26.0 | Plus, Airbnb had itself quite the first day on the public market on Thursday, |
| 0:30.0 | and then we'll take a closer look at the EU's ultimatum to big tech companies, |
| 0:34.6 | either police the internet or face big fines. |
| 0:37.0 | I'm Mark Filipino and here's the news you need to start your day. The clip you just heard about the UK's future relationship with the EU, now is Boris Johnson. |
| 0:52.0 | And in simple terms, he's telling Britain to prepare for a no-deal Brexit. |
| 0:57.2 | The two sides are still hung up on the terms of EU countries fishing in UK waters and the |
| 1:02.1 | question of a level playing field. |
| 1:04.0 | And as one of Johnson's allies bluntly put it, they aren't moving at all. |
| 1:08.0 | It's screwed. |
| 1:10.0 | Now this bleak assessment came after the EU published emergency plans in case of no deal. |
| 1:15.0 | Jim Brunston is back on the briefing to talk about the EU's plan B. |
| 1:19.0 | Jim, what did Brussels lay out yesterday? |
| 1:22.0 | So it's actually quite a short list. |
... |
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