Good morning from the Financial Times.

Today is Wednesday, June 16th, and this is your FT News Briefing.

The city of Tokyo would need a public bailout if Olympics organizers decide to ban spectators,

and the US and EU have finally ended their never-ending Airbus Boeing trade dispute.

Plus, Tim Berners-Lee wrote the code that was the basis for the worldwide web.

Now, he plans to auction it off as digital art.

Our global tech correspondent Tim Bradshaw has a preview.

The video is a 30-minute looping video of the code cascading down the screen.

It's not quite matrix style because it's being typed rather than fully horizontal,

but it's that kind of vibe.

Our Tim will also tell us more about what the pioneering computer scientist is up to these days.

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

The Tokyo Olympics are just five weeks away,

and organizers have not yet decided whether to allow spectators.

It's the biggest controversy right now over an already controversial Olympics,

but organizers budgeted for full stadiums and already spent the billions of yen raised

from ticket sales.

So if organizers do decide to ban spectators or even limit them,

the city of Tokyo would be on the hook, since local officials agreed to underwrite the cost

of staging the delayed games, and that would require a taxpayer bailout of about

$800 million, according to an FT analysis of Olympic committee finances.

The EU and the US have finally resolved their dispute over subsidies for the aircraft makers

...