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Woodford Equity
Neil Woodford, a leading UK fund manager, said he was "extremely sorry" for suspending the trading of his Woodford Equity Income Fund yesterday, but he had to do so to "protect the interests of investors". Investors were eager to withdraw their money from the underperforming fund, withdrawing about $ 712 million over the past four weeks. BBC
Italian currency
Last week, the Italian Parliament approved the idea of creating a new kind of national currency to pay off the country's debt and eventually pull Italy out of the eurozone. Citizens could also use the new "mini-treasury bills" to pay their taxes. Like this Financial Times As the note explains, the idea is still relatively light on the details, but deserves special attention. FT
Tech vs democracy
A host of EU lawmakers, academics, and civil society advocates, as well as former George W. Bush National Security and National Intelligence officials, called on EU officials to open up a parliamentary inquiry into the consequences for democracy and the elections of companies like Facebook. In particular Facebook, they complain about not keeping its promise to prevent the inhabitants of one country from buying advertisements to influence the elections of other countries. Marietje Schaake
Climate Activism
The UK's fossil fuel industry told Greta Thunberg, a well-known climate activist, that she "listens, because we also want the world to be a better place". as a sign of protest against perceived inaction in the face of the deterioration of the global climate. "While we believe that the overall contribution of our industry has improved the lives of billions of people, we are convinced that climate change is a real and present danger that we face together," said Deirdre Michie, CEO of Oil. and Gas UK. BBC
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up here for other Fortune newsletters.
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