Press Digest: Financial Times - August 7

Goodwin

07/08/2026 05:18

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
     
Headlines
US euro sale to prop up yen blindsided ECB
Naval parts supplier Goodwin explores sale of defence business
Billionaire’s financial data group Ion chased by landlords for overdue rent
US court tells Meta to pay nearly $1bn penalty over social media harm to children

Overview
     Washington's sale of euros to boost the yen late last week blindsided the European Central Bank, with the US only informing its counterparts in Frankfurt after the historic currency intervention. 

Goodwin GDWN.L, the 143-year-old British component supplier for the Dreadnought next-generation nuclear deterrent submarines, is in talks to sell its defence business.

Billionaire Andrea Pignataro’s financial technology group Ion missed rent payments on offices in three continents this year, prompting landlords to cut off access or threaten the heavily indebted company with eviction.

Meta META.O must pay an additional $567mn in compensation and increase the safety features on its apps to address the harm they cause to children, a New Mexico judge ordered on Thursday.








     

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