Why the UK kept an Afghan immigration scheme secret

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  Good morning from the Financial Times.

• 00:35

  Today is Wednesday, July 16th, and this is your FT News briefing.

• 00:40

  Washington has agreed to another trade deal,

• 00:44

  and the veil has been lifted on a secret UK immigration plan.

• 00:49

  Plus, investors can't get enough of catastrophe bonds.

• 00:53

  I think as the bill for climate change grows,

• 00:56

  more investors are finding a way to take bets on different parts of that market.

• 01:01

  I'm Sonia Hudson and here's the news you need to start your day.

• 01:13

  Indonesia and the U.S. have struck a trade deal.

• 01:17

  That's according to President Donald Trump.

• 01:19

  He said Indonesia will pay 19% tariffs on exports to the U.S. and the U.S. will pay zero levies to send goods there.

• 01:29

  The president also said that Jakarta will buy American energy exports and Boeing jets.

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