FT News Briefing

US stimulus talks end, Macy’s buys stake in Swedish fintech

Donald Trump abruptly broke off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election, and economists estimate the coronavirus pandemic has put millions more workers across the developed world out of jobs than official unemployment statistics suggest. Plus, why US department store chain Macy’s is set to take a stake in Europe’s highest valued private fintech.  Trump calls off stimulus talks<a href="https://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bb" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bb</a> Hidden joblessness threatens economic recovery in US and Europe<a href="https://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22</a> Macy’s takes stake in Klarna as part of payment partnership<a href="https://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.