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

FedEx results deliver as pandemic drives ecommerce boom

US Justice Department inquires into Nikola fraud claims

Germany to take in 2,750 migrants from Greek camps

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