TikTok set to become standalone US company, central banks preview, Nikola fights off fraud claims
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder, FedEx delivered a forecast-beating fiscal first quarter on the back of strong demand for international shipping, and investors will look to the Federal Reserve’s policy-setting committee today for more detail on the central bank’s new inflation policy. Plus, the FT’s motor industry correspondent, Peter Campbell, explains how truckmaker start-up Nikola is defending itself after a short seller’s report claimed the business was an “intricate fraud”.
TikTok set to become a standalone US company to satisfy White House
https://www-ft-com.ezproxy.cul.columbia.edu/content/58eb7c26-2154-477f-af19-19157ae29261
FedEx results deliver as pandemic drives ecommerce boom
https://www-ft-com.ezproxy.cul.columbia.edu/content/86e2dc79-e662-3d6f-8252-4ff5fe979fdd#post-54430
US Justice Department inquires into Nikola fraud claims
https://www-ft-com.ezproxy.cul.columbia.edu/content/a45a6638-167b-4e27-a9fd-576e7229f959
Germany to take in 2,750 migrants from Greek camps
https://www-ft-com.ezproxy.cul.columbia.edu/content/50be2fb8-215e-4780-8ece-3163e9ed0819
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