Carney’s Brexit warning, GDPR day, Alexa blunder


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The Bank of England governor has issued a strong — and timely — warning on the dangers of a disruptive Brexit. Mark Carney’s statement came on the same day talks between the UK and Brussels over their future relationship degenerated into angry bickering, with EU officials saying London was living in a “fantasy”. (FT)

In the news

GDPR in force
It’s European General Data Protection Regulation day. Perhaps you’ve received a few thousand emails on the subject? The new EU law represents the biggest change to data protection rules in decades in Europe but also has global ramifications in the internet age. The FT’s editorial says GDPR is necessary and sensible, if imperfect — the test will be in its enforcement by member states. Europe’s top data protection chief appears confident. (FT)

N Korea still willing to meet
Pyongyang said it still wanted a meeting to go ahead with the US. But for sceptics who always doubted summit would take place, Donald Trump’s decision to cancel the meeting was a clear “I told you so” moment. The FT’s chief foreign affairs columnist Gideon Rachman thinks it may have been the Libyan remarks that sunk the summit. Equities in Asia were down, although not dramatically, after the decision. (FT)

Can Emmanuel Macron save the Iran nuclear deal?
A French initiative to seek additional agreements with Iran aimed at convincing the US to return to the nuclear deal with Tehran has received a cautious nod from Russia. (FT)

‘I’m never plugging that device in again’
Amazon Echo recorded a couple’s conversation then sent the audio to someone they knew. Amazon, which described the incident as the result of an “unlikely” chain of events, is reviewing how its voice-activated speakers work. (FT)

Tetra Pak fights back
The Tetra Pak packaging giant is planning to lobby politicians and regulators about the benefits of plastic straws — despite pledging last month to launch a paper straw for its popular juice cartons by the end of this year. (FT)

UK says Kremlin behind prank call
Two well-known Russian pranksters enjoyed an 18-minute phone call with UK foreign secretary Boris Johnson after one posed as the prime minister of Armenia. (FT)

Apple wins $540m in patent case
Apple was awarded damages of almost $540m in a unanimous verdict on Thursday, in the latest stage of the iPhone maker’s near seven-year patent battle with Samsung. It’s important because other targets of Apple litigation, such as Qualcomm, have been watching how the tech company has pursued the case rather than settling out of court. (FT)

Wrong all along
We have been saying the word “gerrymander” all wrong. The politician whose political map inspired the word pronounced his name with a hard ‘G’. (WSJ)

Did you keep up with the news this week? Try our quiz. When is Saudi Arabia set to lift the ban on female drivers?

The day ahead

Ireland abortion vote
Ireland goes to the polls in a landmark referendum to repeal a divisive constitutional ban on abortion that has stood for 35 years. (FT)

Weinstein to be charged
The disgraced movie mogul is expected to surrender to police in New York on charges that he raped one woman and forced another to perform oral sex on him, law enforcement officials said. (NYT)

What we’re reading

Future of airports
Queues will soon be a thing of the past at the world’s leading airports. Well, that’s the plan. Airports are responding to digital disruption, which is hitting revenues. It’s mainly good news for the flyers out there. (FT)

Deutsche’s decline
Disgruntled shareholders took Deutsche Bank to task at the bank’s annual meeting this week after the company announced more than 7,000 job cuts. Pessimists fear that if Germany’s largest lender does not get its house in order, it will face increasing hardships when a wider bear market does arrive. (FT)

Starbucks’ new problem
The coffee chain this week said it would allow anyone, customer or not, to use its bathrooms. But the new policy brings a new issue: how to keep the bathrooms drug-free in a nation suffering from an opioid epidemic. (WSJ)

Why a French philosopher wants to stop Brexit
It’s not news that Bernard-Henri Lévy is at odds with a France that sees opportunity in the UK’s departure. But over tea in a patrician Parisian hotel library, he tells the FT precisely why. (FT)

The trouble with charitable billionaires
More and more wealthy chief executives are giving away parts of their fortunes. But is this “Philanthrocapitalism” just corporate hypocrisy? (Guardian)

Video of the day

The science behind a good night’s sleep
As part of the FT’s special series on sleep, here is everything you wanted to know about sleep but were too tired to ask. The FT’s Lilah Raptopoulos puts your questions to sleep psychologist Jason Ong. (FT)


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Carney’s Brexit warning, GDPR day, Alexa blunder

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