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Good morning from the Financial Times. Today is Wednesday, May 22nd, and this is your

F.T. News briefing. The UK is trying to smooth things over with the United Arab Emirates.

PWC is trying to smooth things over with China.

And NVIDIA stock?

Well, that's been anything but smooth.

It's incredibly volatile.

I think at one point earlier this year it was more volatile than Bitcoin.

I'm Mark Filipino, and here's the news you need to start your day. UK Deputy Prime Minister Oliver Dowden went on a secret trip to the UAE last week.

Sources tell the F.T. he was trying to repair the relationship between the two countries.

It's the worst that it's been in years.

And if you're wondering why, well, it didn't help that the UK in effect blocked an Abu Dhabi-backed

takeover of the Telegraph Media Group this year.

UAE officials were also frustrated with comments that British politicians made during the time.

But the UK really does want to play nice with the UAE, and yes, money is a big motivator

here.

The UK is trying to nab billions of pounds and new investment from the country.

The Chinese Property company Evergrand was ordered into liquidation this year, and Beijing

is now investigating how much of a role PWC had in the collapse. The audit firm could face massive penalties.

Here to talk about why is the FT Stephen Foley, he's our U.S. accounting editor.

Hi Stephen.

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