TikTok set to become standalone US company, central banks preview, Nikola fights off fraud claims

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/content/58eb7c26-2154-477f-af19-19157ae29261 FedEx results deliver as pandemic drives ecommerce boom https://www.ft.com/content/86e2dc79-e662-3d6f-8252-4ff5fe979fdd#post-54430 US Justice Department inquires into Nikola fraud claims https://www.ft.com/content/a45a6638-167b-4e27-a9fd-576e7229f959 Germany to take in 2,750 migrants from Greek camps https://www.ft.com/content/50be2fb8-215e-4780-8ece-3163e9ed0819 Hosted on Acast. See acast.com/privacy for more information.