Uber executives, Vodafone deal
Daniel Garrahan has Monday’s top stories from around the world, including Uber losing two top executives, Vodafone striking a deal to create a telecoms giant and the US blocking a G20 anti-protectionism pledge.
Welcome to "The World in 60 Seconds" from FirstFT. Uber has lost two more top executives, the latest in a series of high-profile resignations that include president Jeff Jones and Brian McClendon, a key architect of autonomous driving efforts. Uber has been hit by a string of controversies, including allegations of sexual harassment, rows with regulators, and a lawsuit from Google's autonomous car unit, Waymo.
Vodafone has struck a deal to merge its Indian operations with local rival, Idea Cellular, to create one of the world's largest telecoms groups. The combined implied enterprise value will be more than $23 billion. The deal marks the second merger in the sector in as many months, as telecoms operators scramble to respond to a foray into the industry by oil products group Reliance Industries.
And the US has refused to commit itself to free trade at a key G20 finance ministers meeting. Ministers from the world's leading economies had hoped that US Treasury Secretary Steven Mnuchin would endorse a pledge to resist protectionism at the gathering.
For more of today's top stories, go to ft.com/firstft.
Reporting by Siona Jenkins. Filmed and edited by Steve Ager.
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