FirstFT: In the present day’s prime tales


A rising variety of EU international locations together with Germany, France, Italy, Belgium, Austria, Eire and the Netherlands moved over the weekend to halt travel from the UK after a pointy rise in coronavirus instances, brought on partially by a more infectious new strain.

Germany, Italy and the Netherlands introduced on Sunday that they have been stopping flights from the UK whereas Belgium banned air and rail journey. France stated it was halting the entry of all passengers from the UK by any type of transport.

Jean-Baptiste Djebbari, transport minister, stated motion of products from the UK into France was additionally being suspended for 48 hours. Germany, which holds the EU presidency, known as an emergency assembly of the bloc’s representatives for Monday to debate a co-ordinated response to the brand new pressure, Berlin stated on Sunday.

The primary affected person in Italy examined optimistic for the brand new variant on Sunday evening. The affected person and his associate had returned from the UK on a flight that landed at Fiumicino airport in Rome a number of days in the past. (FT)

Coronavirus digest

Observe our live coronavirus blog for the most recent.

Within the information

Apple’s Asia provide chain employees protest over pay The Silicon Valley firm’s provide chain in Asia has been hit by worker unrest after workers on the iPhone maker’s contractors in India and China protested over unpaid wages and bonuses. (FT)

A safety guard outdoors a Wistron-run iPhone manufacturing facility in Narsapura, close to Bangalore, India, the place protests by employees escalated into rioting earlier this month © AFP through Getty Photographs

US lawmakers attain stimulus deal Congress members have been reported to have reached an agreement Sunday night after speeding to achieve a deal on a $900bn economic relief package earlier than a midnight deadline. Earlier within the weekend they struck a deal over Republican calls for to curb the Federal Reserve’s disaster lending powers. (Politico, FT)

China’s largest chipmaker added to US blacklist The Trump administration has put Semiconductor Manufacturing International Corporation and DJI, the drone maker, on a US export blacklist, elevating tensions with China as Joe Biden prepares to take workplace. Below Mr Biden, tapping US capital markets shall be harder for company China. (FT, SCMP)

Fish caught in Brexit internet as clock ticks in direction of deadline The destiny of the long run buying and selling relationship between Britain and the EU hinged on several hundred million euros of fishing rights. The EU parliament dedicated to vote on a deal earlier than January 1 provided that it was reached by the top of Sunday — a stance that may doubtlessly pressure Brussels to search for stopgap options. (FT)

Each side are nonetheless far aside on the fishing rights EU boats ought to have in UK waters and the size of any transition interval © Oli Scarf/AFP/Getty

Jack Ma’s supply to placate regulators Because the Alibaba and Ant Group founder tried to seek out frequent floor with Beijing final month, he reportedly supplied to hand over parts of Ant to the Chinese government. (WSJ)

Trump contradicts officers by taking part in down cyber assault Donald Trump has sought to play down the severity of a sweeping cyber assault on the US authorities and corporations, at some point after his personal secretary of state stated the “very vital effort” might be traced again to Russian actors. (FT)

Ikea pushes for greater India presence The Swedish big is infusing its glossy Nordic aesthetic with an Indian twist because the world’s largest furnishings chain makes an attempt to crack a notoriously powerful retail market as a brand new 530,000 sq ft retailer in suburban Mumbai opened on Friday. (FT)

Ikea, which has opened its second retailer in India, is raring to woo the nation’s rising center class © AFP through Getty Photographs

Gucci ties up with Alibaba The European style home will launch two online stores in China alongside ecommerce group Alibaba, because the high-end model counts on a post-coronavirus growth in luxurious items spending within the nation to offset sluggish gross sales within the west. (FT)

Kidnapped Nigerian schoolboys launched Greater than 300 schoolboys kidnapped final week by Boko Haram in north-west Nigeria have been released, in line with a authorities official. (FT)

The times forward

Attainable Indonesian Cupboard reshuffle President Joko Widodo might shuffle underperforming Cupboard members as early as this week. A alternative for Well being Minister Terawan Agus Putranto is among the many strikes being thought of. (Straits Occasions)

Indonesian President Joko Widodo throughout an interview with Reuters final month. © Reuters

Tesla added to S&P 500 The electrical automobile maker’s introduction to the S&P 500 on Monday is anticipated to create surge of buying and selling and elevated volatility. (NBC)

Biden to obtain Covid-19 vaccine President-elect Joe Biden and his spouse Jill Biden will obtain their first doses of the Covid-19 vaccine on Monday. Folks aged 75 and older and essential workers shall be within the subsequent group to be immunised within the US, an skilled committee selected Sunday. (Washington Put up, AP)

What else we’re studying

Easy methods to keep away from a disaster in rising nations Thus far the worldwide response has been piecemeal, with little of the co-ordinated motion that adopted the monetary disaster a decade in the past. However Joe Biden’s victory within the US presidential election has raised hopes that multilateral action could revive next year. (FT)

Line chart of Total debt as share of GDP in 30 emerging economies (%) showing Emerging market debt has soared in the pandemic

China rethinks the Jack Ma mannequin After years of bounding progress, China’s largest web conglomerates prolong into most sectors of the financial system, from transportation to finance. Whereas they used to take pleasure in a free go on regulatory points, they’re now under unprecedented scrutiny, and the state is asserting its dominance as soon as once more. (NAR)

‘Rebellious’ youngsters of Iranian revolution The execution of Ruhollah Zam, son of Mohammed Ali Zam — a cleric whose help for Iran’s 1979 theocratic revolution led him to call his baby after its founder, Ruhollah Khomeini — has shone a highlight on the children of the revolutionaries who changed Iran. (FT)

A CEO’s problem to fulfill stratospheric demand 3M’s Mike Roman acted rapidly when his firm’s N95 face masks grew to become the world’s most in-demand item. Mr Roman is without doubt one of the uncommon executives whose firm had ready for a pandemic. However America’s PPE provide chain appears to be like distinctly sick, writes Gillian Tett. (FT)

© Ingram Pinn/Monetary Occasions

The yr bitcoin went institutional Bitcoin is on a tear. And this time, the hyper valuations may stick, writes Izabella Kaminska. Latest worth strikes since might be indicating some type of pragmatic acceptance of bitcoin in funding circles. If they’re, all of it comes right down to these four key factors. (FT)

Unseen images of astronauts coaching for a mission Throughout lockdown, photographer John Angerson revisited photos he took in 1995 on the Johnson Area Middle in Houston, Texas — the management centre that had made historical past with the Apollo moon touchdown in 1969. The by no means earlier than printed photos present a singular intimacy amongst astronauts that’s hardly ever seen. (FT)

‘All hell broke free’: Spike Lee on 2020 The Oscar-winning film-maker spoke to FT’s Danny Leigh about his newest film, a tumultuous yr and what comes subsequent for the US. “Folks have gone by way of holy hell.” Mr Lee stated. “However we be taught. We be taught. What else can we do? Lots of people died in useless if not.” (FT)

© D’Angelo Lovell Williams

Podcast of the day

Tradition Name The ultimate episode of season three, options Shantell Martin, an artist who attracts massive, daring strains. Presenter Lilah Raptopoulos discusses with the artist easy methods to educate his craft to the subsequent technology, what it means to “promote out”, British versus American racism, and an pressing query for this time: who’re you? (FT)

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