FT News Briefing - Financial Times

Powell’s comments send markets lower, oil rises on Opec+ moves, UK’s listing shake-up Mar 05, 2021

Federal Reserve chair Jay Powell triggered a sudden sell-off in long-term US Treasury debt and equities Thursday, and Opec and Russia have decided against unleashing a flood of crude on to the market. Plus, the FT’s markets editor, Katie Martin, explains how the UK is going about attracting new companies to the London stock exchange.

Powell inflation comments send US stocks and bonds lower

https://www.ft.com/content/1feb5449-76f0-4f67-85b2-ab03f05d5a65

Oil jumps as Opec and allies decide against big rise in output

https://www.ft.com/content/771ebf3a-cff0-4ff3-ab9a-0bbd01a33f55

UK looks at new rules to attract companies to London stock exchange

https://www.ft.com/content/a9e9de26-7f44-41e1-9dd6-3721a52c7d9c

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The fall of Greensill Capital Mar 04, 2021

Democratic leaders have reached a compromise on a deal that would limit who is eligible for $1,400 stimulus cheques. Plus, the FT’s capital markets correspondent Robert Smith unpacks the rapidly unfolding saga behind Greensill Capital and why the supply chain financier is on the verge of filing for insolvency.

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Biden’s vaccine deal, more Ant troubles, Germany’s vaccine woes Mar 03, 2021

President Joe Biden announced on Tuesday that the US would have enough doses of coronavirus vaccines for every adult by the end of May, global energy-related carbon emissions have rebounded from coronavirus lockdown levels, and Ant Group has shared just a fraction of its consumer data with China’s central bank, defying Beijing. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains why Germany’s vaccine rollout has gone slower than expected.

Biden says US will have enough jabs to vaccinate all adults by end of May

https://www.ft.com/content/89442c1b-8295-4682-9f09-c040b9017882?

Global carbon emissions rebound to pre-lockdown levels

https://www.ft.com/content/600ad91f-79d4-451c-97c1-ab9a0daf4d3e

Jack Ma’s Ant defies pressure from Beijing to share more customer data

https://www.ft.com/content/1651bc67-4112-4ce5-bf7a-d4ad7039e7c7

Germany loses Covid crown as vaccine campaign falters

https://www.ft.com/content/33f8ffd6-066b-449c-bf7e-edd51d661b19

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Dems warn against loosening bank capital requirements, Rupert Murdoch at 90 Mar 02, 2021

Two senior Democratic lawmakers have warned the Federal Reserve that it would be a “grave error” to extend looser capital requirements for US banks. ExxonMobil appointed two new board directors on Monday to placate activist shareholders and the former French president Nicolas Sarkozy was sentenced to three years in prison on Monday. Plus, the FT’s global media editor Alex Barker looks back on Rupert Murdoch’s media empire and what succession looks like for the mogul.

Democratic senators call for tougher capital requirements for US banks

https://www.ft.com/conent/44792b80-c331-44e3-b02c-41a151f4cb6c?

Exxon adds two board directors in wake of activist pressure

https://www.ft.com/content/be866c6f-bbff-4500-927b-49e02b7b9023

Nicolas Sarkozy sentenced to jail for corruption

https://www.ft.com/content/1f2fe078-34f7-4665-afd7-a829082c7874

Rupert Murdoch at 90: Fox, succession and ‘one more big play’

https://www.ft.com/content/d9719c27-5e95-49c3-a534-2796196c6af7

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Sunak previews UK budget, von der Leyen warns of more pandemics, Lucid takes on Tesla Mar 01, 2021

Chancellor Rishi Sunak is set to announce the UK’s budget on Monday and it includes a £5bn “restart” grant scheme, European Commission president Ursula von der Leyen warns that Europe could face an “era of pandemics,” and Japanese officials are preparing revisions to the country’s corporate governance code in an effort to change an inward looking corporate culture. Plus, the FT’s Patrick McGee explains how Lucid Motors will challenge Tesla in the electric vehicle market.

Sunak to give £5bn boost to Covid-hit companies in Budget

https://www.ft.com/content/9c6e7088-5577-4b17-adc1-502bffd33a76

Europe must prepare for ‘era of pandemics’, von der Leyen says

https://www.ft.com/content/fba558ff-94a5-4c6c-b848-c8fd91b13c16?

Japan prepares to shake up corporate code

https://www.ft.com/content/a8de1297-52b1-4ee7-aa24-b4e966790dba

Lucid takes on Tesla as electric vehicle competition hots up

https://www.ft.com/content/8e01e59e-5b89-46c2-a798-6945fa2f255d

Note: This episode has been updated to reflect that the Sputnik V vaccine was developed in Russia.

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Bond sell-off roils markets, ex-Petrobras chief hits back, Ghana’s first Covax vaccines Feb 26, 2021

The yield on the benchmark 10-year Treasury exceeded 1.5 per cent for the first time in a year and the outgoing head of Petrobras warns Brazil’s President Jair Bolsonaro against state controlled fuel prices. Plus, the FT’s Africa editor, David Pilling, discusses the Covax vaccine rollout in low-income countries.

Wall Street stocks sell off as government bond rout accelerates

https://www.ft.com/content/ea46ee81-89a2-4f23-aeff-2a099c02432c

Ousted Petrobras chief hits back at Bolsonaro

https://www.ft.com/content/1cd6c9fb-3201-4815-9f4f-61a4f0881856?

Africa will pay more for Russian Covid vaccine than ‘western’ jabs

https://www.ft.com/content/ffe40c7d-c418-4a93-a202-5ee996434de7

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GameStop returns, Myanmar banks, Texas power politics Feb 25, 2021

GameStop’s share price doubled in the final 90 minutes of trading on Wednesday, partners at the consultancy McKinsey have voted to remove Kevin Sneader from his post as global managing partner, and Myanmar’s banking system has ground almost to a halt as employees joined protests against the military coup. Plus, climatologist Michael Mann explains why wind power is not to blame for power failures in Texas during the recent cold snap.

GameStop shares double in final 90 minutes of trading day

https://www.ft.com/content/50eaa1b5-d244-4b3e-b460-736828c049cd

Myanmar protesters join general strike in defiance of threats of violence

https://www.ft.com/content/5f61da58-e618-42a8-b13c-300567248ff1

Blaming Texas electricity failure on wind

https://www.ft.com/content/adc21f2b-ccf7-4b8b-8604-53cae556a7dd

Sports gear maker Under Armour halves sponsorship commitments

https://www.ft.com/content/f97405a1-4187-4186-833c-c8c4f07bfcbf

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Powell signals hope for ‘more normal conditions’, US Russia sanctions, HSBC’s pivot east Feb 24, 2021

Federal Reserve chairman JayPowell spoke to Congress on Tuesday and indicated the central bank would maintain its ultra-loose monetary policy, the Biden administration is planning a broad package of measures to punish Moscow for the SolarWinds hack, and holiday bookings in the UK surged after Prime Minister Boris Johnson announced a plan for easing the coronavirus lockdown. Plus, the FT’s banking editor, Stephen Morris, explains why the global bank HSBC is pivoting back to its roots in Asia.

Powell signals ‘hope for return to more normal conditions’

https://www.ft.com/content/7f4a37e4-1930-4f9c-86e5-5e6fd9fbba5a

US considers sanctions against Russia over SolarWinds hack

https://www.ft.com/content/d7d67ea7-8423-4b9c-819d-761fa4a10fa0?

Holiday bookings surge after UK unveils plans for lockdown easing

https://www.ft.com/content/055ba761-3610-4d61-97a3-4a3719af066d

HSBC shifts ‘heart of business’ to Asia in latest strategy revamp

https://www.ft.com/content/eb321081-434e-43f4-b9e7-13354afdfc5f

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Tech stocks fall on inflation fears, Brazil’s oil intervention, Big Tech goes green Feb 23, 2021

The Nasdaq Composite closed 2.5 per cent lower on Monday as rising inflation expectations undercut arguments for tech stocks’ high valuations, Brazilian markets were rattled after president Jair Bolsonaro removed the head of Petrobras, and American rapper Jay-Z signs a big champagne deal with LVMH. Plus, the FT’s clean energy and environment correspondent, Leslie Hook, explains how Big Tech companies became one of the world’s largest supporters of green energy.

Global stocks fall on nerves over inflation outlook

https://www.ft.com/content/cab2caee-60c9-40cb-a115-099287ab8bf4

Brazilian markets rattled by Bolsonaro’s removal of Petrobras chief

https://www.ft.com/content/68b0c6cf-7d78-4e0e-9025-bfaca7e098e2

LVMH signs champagne deal with rap star Jay-Z

https://www.ft.com/content/840826e8-a70e-4f1d-82a4-1b83895eced5

How tech went big on green energy

https://www.ft.com/content/0c69d4a4-2626-418d-813c-7337b8d5110d?

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Johnson’s plan to lift lockdown, McKinsey leadership vote, UK probes Big Tech Feb 22, 2021

UK prime minister, Boris Johnson, is set to lay out a road map for lifting England’s lockdown, HSBC is accelerating its “pivot to Asia”, and McKinsey’s 650 senior partners have begun voting on whether Kevin Sneader should serve a second term at the helm of the business consultancy. Plus, the UK’s competition watchdog is planning new probes on Big Tech companies. The FT’s Brussels correspondent, Javier Espinoza talks to Andrea Coscelli, the head of the UK’s Competition and Markets Authority.

Schools in England to reopen on March 8 under easing of lockdown

https://www.ft.com/content/3a0434e5-8cac-4922-8f0f-062db0604115

HSBC intensifies pivot to Asia with job moves and US exit

https://www.ft.com/content/38c3670c-3b0f-41e6-874e-0f9eee553744

UK competition watchdog warns Big Tech of coming antitrust probes

https://www.ft.com/content/da5c30a8-6fab-4131-b6bd-f8f05dcf5a46?

McKinsey senior echelons vote in referendum on Sneader leadership

https://www.ft.com/content/f001f3ef-e296-4eb6-b711-5f7cb773e314

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Macron’s FT interview, GameStop hearing, oil rises and US Treasuries tumble Feb 19, 2021

In an exclusive interview with the FT, French president Emmanuel Macron urges wealthy countries to help poorer ones access coronavirus vaccines, and US lawmakers grill key players in the GameStop trading saga. Plus the FT’s markets editor Katie Martin explains why a sell off in US government bonds could threaten Wall Street’s record run.

US bond sell-off stirs warnings over stock market strength

https://www.ft.com/content/00c99cd2-7f9a-4a37-bb20-ce8d96f2527f

Robinhood chief apologises over GameStop affair

https://www.ft.com/content/69c0b5b0-9d49-4d0e-8f32-fe9428bff5b1

Oil ‘supercycle’ predictions divide veteran trades

https://www.ft.com/content/f87ce114-f437-4c3f-bb73-fa38ca78146b

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Facebook bans content sharing in Australia, Texas battles cold, China’s digital currency Feb 18, 2021

Facebook has defied Australia’s push to make Big Tech pay for news by banning the sharing of content on its platform in the country, the oil and gas industry in Texas has buckled under the strain of a blast of Arctic weather, and three North Korean computer programmers have been charged over a cyber-hack spree. Plus, the FT’s global China editor, James Kynge, explains how Beijing’s digital currency is doubling as a surveillance tool for the state.

News Corp agrees deal with Google on payments for its journalism

https://www.ft.com/content/cec5d055-c2d1-4d5f-a392-a6343beb0b01

Oil and gas industry in Texas buckles under strain of Arctic blast

https://www.ft.com/content/9b7cdaf2-f43b-49c3-b8b8-b4840f95ebbd

Virtual control: the agenda behind China’s new digital currency

https://www.ft.com/content/7511809e-827e-4526-81ad-ae83f405f623

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China’s rare earth mineral exports, Hong Kong stock trading, Amsterdam Spacs Feb 17, 2021

China is exploring limits on exports of rare earth minerals that are crucial for the manufacture of American F-35 fighter jets, and stock trading volumes in Hong Kong have soared to four times those on London’s main exchange. The FT’s markets reporter, Nikou Asgari, explains why Amsterdam is becoming the European capital for Spacs. Plus, Chicago’s storied Second City comedy club may have a buyer.

China targets rare earth export curbs to hobble US defence industry

https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1

European bankers set sights on Amsterdam as regional Spac capital

https://www.ft.com/content/240293a8-20ed-4cf3-a5ec-63dc1c2d9076?

Hong Kong stock trading volumes jump to 4 times those of LSE

https://www.ft.com/content/c324674c-c91e-427e-82c5-87a7e9a53bab

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Biden’s stimulus push, Texas blackouts, warehouse automation Feb 16, 2021

President Joe Biden heads to Wisconsin to sell his stimulus plan, and the cold snap in Texas tests the state’s freewheeling electricity model. The pandemic’s online shopping surge has led to more warehouse automation, but that is making some human jobs tougher. Plus, Russian discount retailer Fix Price is planning a London stock market listing that could value the company at more than $6bn.

Biden steps up stimulus pitch in bid to seal deal with Congress

https://www.ft.com/content/1c172f12-87c0-4fda-82f2-40954d36b3f8

Texas starts blackouts as frigid weather sends power prices surging

https://www.ft.com/content/4d07eedc-b3ec-417e-8cb1-5895178c9f9b

Why I was wrong to be optimistic about robots

https://www.ft.com/content/087fce16-3924-4348-8390-235b435c53b2

Russian discount retailer aims to raise $1bn in London IPO

https://www.ft.com/content/f8f68d4a-42b3-4c75-80ec-545b7d47831f

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EU to allow UK data flow, commodities boom, China's box office Feb 15, 2021

Brussels is set to allow data to continue to flow freely from the EU to the UK. In Argentina, the country’s powerful vice president wants to postpone a crucial $44bn debt deal with the IMF until the pandemic has eased. Commodities such as oil and copper may be entering a new ‘supercycle’ of higher prices. Plus, in China, at least, people are still going out to the movies.

Brussels to allow data to continue to flow to UK

https://www.ft.com/content/43ed5e0a-7b0a-40db-800f-6f3b9c58b9a8

Argentina’s powerful vice-president pushes for delay to IMF debt deal

https://www.ft.com/content/78b08f12-7b78-4ecd-8e64-a717f8a43e09

Investors set for commodities ‘bull run’ as prices rise in tandem

https://www.ft.com/content/27086ad8-bc84-4e2e-9195-91880fa6916f

China’s box office roars while Hollywood remains on mute

https://www.ft.com/content/573340cb-30b9-421e-8fec-51c8348a6bbb

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Europe’s IPO boom, Bitcoin hits new record, China’s corn spree Feb 12, 2021

Europe’s IPO market is off to its strongest start in five years thanks to a flurry of tech and ecommerce listings, Disney continues to attract subscribers to its streaming service, and China’s massive corn purchases have sent the price of the crop soaring. And the FT’s markets editor, Katie Martin, shares her thoughts on Elon Musk’s excitement over cryptocurrencies and whether it will spur wider adoption of digital currencies.

European IPOs mark best start to year since 2015 with €8bn haul

https://www.ft.com/content/171ea5f4-b3f4-4e76-bb13-2480879d1bd0?

Elon Musk’s effect on crypto world shows how irrational markets are

https://www.ft.com/content/92ab487d-1990-42b9-b7d3-ba9d54d9bd22

Disney Plus added 8m subscribers over Christmas

https://www.ft.com/content/49581411-5650-4448-8325-ce12f85ee86b

China’s record purchase of corn a ‘watershed moment’ for grain market

https://www.ft.com/content/94b04a3e-6169-4b07-8218-413138c641a1?

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Amsterdam becomes Europe’s trading hub, AstraZeneca vaccine to help poor countries, Italy’s recovery fund Feb 11, 2021

Amsterdam surpassed London as Europe’s largest share trading centre last month, Federal Reserve chairman Jay Powell has pledged to keep monetary policy loose to support the struggling US labour market, and the World Health Organization recommended the use of the Oxford/AstraZeneca vaccine for all adults. Plus, Italy will receive €200bn from the EU’s coronavirus recovery fund to help revive its economy. The FT’s Brussels bureau chief, Sam Fleming, explains what is at stake for Italy and the EU.

Amsterdam ousts London as Europe’s top share trading hub

https://www.ft.com/content/3dad4ef3-59e8-437e-8f63-f629a5b7d0aa

Powell stresses patience in pledge to keep monetary policy loose

https://www.ft.com/content/7ed63e7f-5389-42e8-beed-15b5d450c589

WHO recommends use of Oxford/AstraZeneca vaccine for all adults

https://www.ft.com/content/be33aa38-5eff-4069-b104-ba7bdb735c72

‘We expect Italy to do its homework’: Draghi and the EU recovery fund

https://www.ft.com/content/7c2007d9-6ce9-4895-ac5c-cd17e3bf69b2

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Twitter warns of slowing growth, investors tell Amazon to stop meddling in union vote, US-China investment flows Feb 10, 2021

Twitter’s user growth fell short of expectations for the second quarter in a row, more than 70 investors call on Amazon to stop interfering with a unionisation effort, and Huawei asks a US court to overturn the Federal Communication Commission ruling that labels the telecoms company a security threat. Plus, the FT’s global China editor, James Kynge, explains how US-China investment continues despite political tension.

Twitter warns of slowing user growth as pandemic surge fades

https://www.ft.com/content/ff84e6c2-a937-4b88-bd8c-df8bcaa1ee7e

Huawei challenges its designation as a threat to US security

https://www.ft.com/content/b7c2294d-9207-4fae-8fed-d63a80c99618

Amazon must not interfere with US union effort, say investors

https://www.ft.com/content/c7f24fbb-bb4e-489e-8a30-37708700e816

US-China investment flows belie geopolitical tensions

https://www.ft.com/content/b3dcc262-a153-4624-bc1d-156179d6e914

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EU wants Big Tech to pay for news, Tesla’s bitcoin investment, SoftBank Vision Fund makes big gains Feb 09, 2021

EU lawmakers want to force Big Tech companies to pay for news, echoing a similar move in Australia, Tesla’s $1.5bn investment in bitcoin sends the cryptocurrency to record highs, and oil hits $60 a barrel for the first time in a year. Plus, the FT’s Tokyo correspondent, Kana Inagaki, explains what drove SoftBank’s Vision Fund to have its best quarter in four years.

EU ready to follow Australia’s lead on making Big Tech pay for news

https://www.ft.com/content/4c40c890-afd3-40a3-9582-78a66c37a8af

Tesla sends bitcoin to record high with $1.5bn investment

https://www.ft.com/content/5e83f15e-ea2c-4d2f-8ae8-bf72fc5effd0

Oil hits $60 for first time in a year as supply cuts outweigh lockdowns

https://www.ft.com/content/3032d80d-89b0-4020-922e-f4fa15435b5d

SoftBank’s Vision Fund posts best quarter since launch in 2017

https://www.ft.com/content/c2f107a7-734d-450a-bf46-eb68a65ceaf4

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TikTok ecommerce push, Cuba invites private business, a new green world order Feb 08, 2021

TikTok plans to expand into ecommerce in the US to compete with Facebook, Cuba has announced it will open most of the economy to private business, and Mercedes-Benz says by 2030 it will make as much from its electric cars as it does from its luxury combustion engine models. Plus, the FT’s environment and clean energy correspondent, Leslie Hook, looks at the global shift to renewable energy and how it could change the geopolitical landscape.

TikTok takes on Facebook with US ecommerce push

https://www.ft.com/content/629c1c17-3daa-46af-8177-1814baaa2bed?

Cuba lifts ban on most private business

https://www.ft.com/content/3956b50f-621a-4289-90c3-247a2762fae2

Mercedes’ electric profits to match those for combustion models by end of decade

https://www.ft.com/content/6021706c-4f00-4547-9082-20e1d1d2d540?

How the race for renewable energy is reshaping global politics

https://www.ft.com/content/a37d0ddf-8fb1-4b47-9fba-7ebde29fc510

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Carmakers’ chip woes, UK directors face liability rules, Japan’s job-creating robots Feb 05, 2021

German carmakers are considering their own semiconductor stockpiles to avoid supply chain troubles, the UK government could soon hold directors personally liable for the accuracy of their companies’ financial statements, and CVC Capital Partners eyes a minority stake in one of the NBA’s most valuable teams. Plus, the FT’s Asia business editor, Leo Lewis, explains how robots in Japan are boosting employment.

Carmakers consider supply chain overhaul to avert more chip crises

www.ft.com/content/3ecd3ccd-18d1-45a0-afb6-84719bdadf52

UK directors face tough new liability rules under major audit reform

https://www.ft.com/content/d4dd13a9-903e-4ff7-9fc3-d30ffdf764be

Japan’s love of robots is paying off

https://www.ft.com/content/72268b41-9731-4ee9-a32d-a9b463e362c1

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Nvidia-Arm antitrust probes, Australia takes on Google, discount retailers thrive Feb 04, 2021

The EU and the UK are set to open probes into Nvidia’s $40bn acquisition of chip designer Arm, Microsoft looks to capitalise on Google’s threat to shut its search engine in Australia, and Mario Draghi accepts the mandate to form Italy’s next government. Plus, the FT’s retail correspondent, Jonathan Eley, explains how bargain retail is surging during the pandemic.

UK and EU to open in-depth probes into Nvidia’s $40bn acquisition of Arm

www.ft.com/content/a3adccc9-678e-44ef-bdb5-e847ecb7de8c

Australia media law push undeterred by Google search exit threat

www.ft.com/content/5d656fa3-9278-4528-9edf-514ddfd29c1d?

Mario Draghi accepts mandate to form new Italian government

https://www.ft.com/content/9022639f-9b88-40fe-9875-1d4a282ac5e4

Bagging bargains: the unexpected rise of the discount megastore

https://www.ft.com/content/554984ba-c010-4956-9125-6a7fc6806295

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Bezos to step aside, Draghi set for Rome, Myanmar’s Aung San Suu Kyi house arrest Feb 03, 2021

Amazon chief executive Jeff Bezos will step aside later this year to become executive chairman of the ecommerce group, Italy’s president is expected to ask former European Central Bank president, Mario Draghi, to begin talks to form a new Italian government of national unity, and the price of silver retreated on Tuesday after a surge last week. Plus, the FT’s John Reed, explains what the military coup in Myanmar means for the country.

Amazon’s Jeff Bezos to step aside as chief executive this year

https://www.ft.com/content/b100100e-48d9-4b06-86e0-ed81dd9eee92

Mario Draghi set to form new Italian government

https://www.ft.com/content/36a84f52-7287-4062-a150-24f58d9b053a

Silver price retreats rapidly in blow to new retail buyers

https://www.ft.com/content/77e6fef6-37ff-4f8e-abd6-4c2d65ac120c

Myanmar coup blindsides the West

https://www.ft.com/content/cee63a22-4796-48bb-bcc3-0e3c95114ee0

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US threatens Myanmar sanctions, Robinhood raises $2.4bn, Kuaishou’s IPO Feb 02, 2021

Joe Biden has threatened to impose sanctions on Myanmar after the military seized power in a coup, and Robinhood raises another $2.4bn to shore up finances strained by turbulent trading. Plus, the FT’ Beijing bureau chief, Ryan McMorrow, explains the popularity of TikTok’s big rival in China, Kuaishou, which goes public this week.

US threatens sanctions on Myanmar after military coup

ft.com/content/1934605c-ecf1-4e7b-aac7-45ad8031b879?

Robinhood raises $2.4bn in second cash injection in four days

https://www.ft.com/content/790324e0-8526-4d9e-9717-a4430e1be034

Robinhood’s bid to ‘democratise trading’ checked by Wall Street realties

www.ft.com/content/9e69faf0-09c4-42ca-8c5f-78dc9568c18f

Kuaishou IPO boosts biggest rival to China’s TikTok’s

https://www.ft.com/content/2b7a8bec-7f01-45b8-ac9f-1fe3f1cbd1f4

Wheels Up set to go public via Spac merger

https://www.ft.com/content/ec08b822-e022-41d1-8252-0a04b2772031

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Reddit traders eye silver, Republicans float smaller relief bill, Mance talks to Bellingcat founder Feb 01, 2021

Reddit traders have targeted silver markets after piling into GameStop shares last week, and Republicans in the US Senate float a stimulus deal a third the size of president Joe Biden’s plan. Plus, the FT’s chief features writer, Henry Mance, spoke with the founder of the internet investigative group Bellingcat and shines a light on the trailblazing group.

Reddit traders switch sights to silver after equities attack

ft.com/content/d46e8623-09af-4a1f-b7e5-207616388b0f?

GameStop mania: why Reddit traders are unlikely to face prosecution

https://www.ft.com/content/8caa3c75-944a-468e-8a68-9deeec8b67d8

Republican senators float compromise $600bn stimulus deal

https://www.ft.com/content/20859a91-cadc-42c2-b97b-a994efd65ec1

Bellingcat’s Eliot Higgins: ‘We’re on the precipice of the misinformation age’

https://www.ft.com/content/0f31590f-74cf-4cfa-b0d6-92e8f27d6d34

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EU vaccine shortage, Reddit traders challenge establishment, North Korea defector Jan 29, 2021

The EU’s Covid-19 vaccination plan is nearing a crisis point after several regions suspended inoculations over the shortage of jabs, and amateur day traders are challenging the financial establishment. Plus, the FT’s Seoul correspondent, Ed White, tells us how a North Korean defector is exposing the effect that sanctions are having on Kim Jong Un's regime"

Shortfall in jabs pushes EU vaccine drive to crisis point

https://www.ft.com/content/1b2afe60-b5e6-456d-98e0-313fe664d0b9

Occupy Wall Street spirit returns as traders upset the elites

https://www.ft.com/content/bcfb2252-f752-4177-a860-07dc66b0b9e8

North Korea defection exposes pressure on NK Diplomates

https://www.ft.com/content/7330790c-9630-44a5-9fa7-b446aa94e872

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Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability Jan 28, 2021

The Biden administration says it is “monitoring the situation” as shares in companies including GameStop, AMC and BlackBerry surged in trading on Wednesday. Meanwhile, Wall Street’s big indexes dropped after Federal Reserve chairman Jay Powell described a weakening in the recovery of the US economy, and China’s Covid-19 vaccine makers are having no problem meeting demand. Plus, the FT’s investment correspondent, Attracta Mooney, has been following BlackRock’s sustainability efforts and reports on how well the world’s largest asset manager is keeping its promises.

‘Short squeeze’ spreads as day traders hunt next GameStop

https://www.ft.com/content/acc1dbfe-80a4-4b63-90dd-05f27f21ceb2

Wall Street notches its worst day since October

https://www.ft.com/content/570f7453-fb9b-4c73-845e-a33178f4942e

Lex Letter from Seoul: China’s vaccines and efficacy rates

https://www.ft.com/content/768f7e3a-0a10-47a5-9f0d-ea1927ebb4ec

BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter

https://www.ft.com/content/d7e83ba0-c90b-46c0-9233-ad06187606c1

Walmart turns to robot-staffed warehouses to handle online orders

https://www.ft.com/content/1b1b11c8-200c-4f7c-a431-6460f90bb95d?

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EU vaccine export tensions, a serious look at stock prices, India’s farmers Jan 27, 2021

Facing a shortfall in vaccine supplies and slow pace of vaccinations, the EU is debating how to restrict exports of coronavirus vaccines, India’s farmers are angry about agricultural reforms that could erode the state-run model and boost private agribusiness, and the plant-based food company Beyond Meat partners with Pepsico. Plus, a serious look at silly prices in the stock market with the FT’s markets editor, Katie Martin.

Germany presses Brussels for powers to block vaccine exports

https://www.ft.com/content/ed0059c9-1ea5-4ba9-a1ff-88004b59e71d

Investor anxiety mounts over prospect of stock market ‘bubble’

https://www.ft.com/content/a790c796-f0c4-4cf9-8c7a-3b52daff89e4

IMF expects US, China to recover most strongly from the virus economic hit

https://www.ft.com/content/341577c5-92f2-4bd3-a235-331d0db5dbbd

Farmers flood into New Delhi to vent anger over agriculture reforms

https://www.ft.com/content/0312fd46-b47e-4c55-b007-c56f5e6f24be

Narendra Modi’s ‘noble’ wait for a Covid jab makes him camera shy

https://www.ft.com/content/c86afc76-f49b-432d-b2c0-5aa3655903bd

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Spac mania, Apollo’s Leon Black steps down, what’s fuelling the Russia protests Jan 26, 2021

Companies have launched a $400bn fundraising blitz in the first three weeks of 2021 as government and central bank stimulus cascades across capital markets. Leon Black is to retire as chief executive of Apollo Global Management; the announcement came as Apollo revealed the conclusion of a review into Mr Black’s relationship with the late paedophile Jeffrey Epstein. Plus, Henry Foy on what’s fuelling Russia’s Navalny protests and Tom Mitchell on Zoom’s warning for other companies in China.

Companies raise $400bn over three weeks in blistering start to 2021

https://www.ft.com/content/45770ddb-29e0-41c2-a97a-60ce13810ff2

Leon Black steps down as chief executive of Apollo

https://www.ft.com/content/97fdc05b-d3cd-45b7-b155-5f4ab525c59a

Zoom spy claims a warning for multinationals in China

https://www.ft.com/content/75ca2308-a192-4118-8283-fa8147ec39ce

San Francisco 49ers lift stake in Leeds United

https://www.ft.com/content/da10082e-5723-4783-8820-76f58d98d1af

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US takes a hard line on Russia, Congress weighs stimulus, the way forward for Waymo Jan 25, 2021

The US has signalled a more confrontational stance toward Russia after Moscow cracked down on protesters over the weekend. In Congress, Democrats have said they want a deal on President Biden’s $1.9tn stimulus plan before taking up Donald Trump’s impeachment trial in the Senate. The WHO warns richer countries that they face a hit to their own recoveries if they fail to help the developing world roll out vaccines, and the technology for self-driving cars continues to be a grind.

US demands release of Navalny after Russia cracks down on protesters

https://www.ft.com/content/3bacc3d7-b1ea-41ef-a949-0f60db7b8243

What effect will Biden Stimulus have on Fed policy

https://www.ft.com/content/e54712dd-bb35-43e4-8533-f1ae28fec054

Vaccine delays in poorer nations threaten advanced economies

https://www.ft.com/content/53c668bc-1066-4d8c-8c8d-5d29ba34a06e

Rolling out driverless cars is “extraordinary grind,” says Waymo boss

https://www.ft.com/content/6b1b11ea-b50b-4dd5-802d-475c9731e89a

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Next steps for US returning to the Paris climate accord, ECB bond-buying shift, global art market outlook Jan 22, 2021

President Joe Biden has moved to have the US rejoin the Paris climate accord, but becoming a leader in lowering carbon emissions will not be so easy. Then, a look at how the European Central Bank is bracing for the latest phase of the pandemic-induced economic crisis. Plus, the FT’s art market columnist, Melanie Gerlis, explains how auction houses and galleries are surviving and adapting to the pandemic.

The US will rejoin the Paris climate accord — what happens now?

ft.com/content/81dd2826-55b6-44c2-b981-88717ec70314?

ECB details bond-buying shift as it holds rates and stimulus steady

https://www.ft.com/content/14821fa0-0e3e-4a95-8414-53a257ee9142

Art market: Predictions for 2021

https://www.ft.com/content/86c27d1c-ff65-40a2-b6b2-d4add0209ffa

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Business sends Biden a message, Vestager warns against patchwork tech regulation across Europe Jan 21, 2021

Company leaders have warned they will fight Biden Administration moves to raise corporate taxes and tighten regulation, and earnings reports show that big US banks had a strong end to 2020 thanks to trading. Plus, the FT’s Javier Espinoza continues his conversation with the European Commission’s competition and digital policy chief, Margrethe Vestager, about the future of big tech regulation.

Business to Biden: prepare for a fight over tax and minimum wage

https://www.ft.com/content/7027014e-9478-4320-97ee-a1c8144b4638

Vestager warns Big Tech to cooperate or face patchwork of laws across EU

https://www.ft.com/content/2bd619a2-dee0-492a-b397-73a0ba00e369

Morgan Stanley posts record profit as trading booms

https://www.ft.com/content/0f44d1b7-d79f-4c2a-b45e-d4c2d0ce4637

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Biden inauguration, Yellen urges Congress to ‘act big’ on stimulus, top EU official on tech regulation goals Jan 20, 2021

Joe Biden faces a long list of challenges after he is sworn in as the 46th US president today, Mr Biden’s nominee to serve as Treasury secretary, Janet Yellen, told Congress to “go big” on stimulus during her Senate confirmation hearing on Tuesday, and a US court has struck down the pro-coal power sector rules set by the outgoing president, Donald Trump. Plus, the FT’s Javier Espinoza speaks with Margrethe Vestager, the EU’s executive vice-president in charge of digital policy, about the future of tech regulation.

Joe Biden’s challenge: big, early victories in a toxic political climate

https://www.ft.com/content/fa01bc64-a80c-4c32-abad-f8eb778c4fe6

US court strikes down Trump’s pro-coal power sector rules

https://www.ft.com/content/fed06dac-7c84-47be-a137-0480518a9e98

Vestager warns Big Tech to cooperate or face patchwork of laws across EU

https://www.ft.com/content/2bd619a2-dee0-492a-b397-73a0ba00e369

Netflix signals stock buybacks to come as subscribers hit 200m

https://www.ft.com/content/ae6f0ad5-a685-4eab-86f5-a65e8c7021ef

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China-Europe shipping costs, Navalny jailed, Brookfield chief says real estate is undervalued Jan 19, 2021

The cost of shipping goods from China to Europe has more than tripled in the past eight weeks as the pandemic disrupts global trade, Russian opposition activist Alexei Navalny has been sent to prison just a day after returning to his home country despite international demands to release him, and Italian prime minister Guissepe Conte faces a crunch confidence vote by lawmakers today. Plus, the FT’s US investment editor, Michael MacKenzie, explains why the chief executive of Brookfield Asset management thinks the markets have undervalued real estate.

Tripling of China-Europe shipping costs threatens to hit goods supply

ft.com/content/ad5e1a80-cecf-4b18-9035-ee50be9adfc6?

Russia jails opposition activist Alexei Navalny for 30 days

https://www.ft.com/content/9c42f190-5ec2-4ad7-8bc6-f9e449200a9f

Italian coalition parties back PM Conte after resignations

https://www.ft.com/content/4cf07e94-d7ad-408c-bf08-1093318c8b48

Markets are underestimating the lure of the office, says Brookfield chief

https://www.ft.com/content/0316678b-664a-42f8-900a-5c5b5076e29e?

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Pompeo’s policy blitz, Merkel’s heir apparent, tech boom reshapes cities Jan 18, 2021

Thousands of National Guard troops are being deployed to Washington to safeguard the capital for the inauguration of Joe Biden. The president-elect is already planning which executive orders he will sign, but there is still time for President Trump’s secretary of state to leave his mark on foreign policy. Germany’s ruling party, the Christian Democratic Union, has a new leader to replace Angela Merkel. Plus, the FT’s Tim Bradshaw reports that the pandemic tech boom is leaving cities with better logistics networks.

Washington fortified for Biden’s inauguration amid fears of more violence

https://www.ft.com/content/94db9b9b-243b-4ce8-9e10-452fadc523ec

Pompeo tries to pin Biden down with parting foreign policy blitz

https://www.ft.com/content/2b4e9369-8da5-4d12-b720-59b68a2136e6

Angela Merkel’s heir apparent: Armin Laschet’s rise to the summit of German politics

https://www.ft.com/content/371d6d1b-d95e-4d69-a3b3-b89ae71c03d7

The pandemic tech boom is reshaping our cities

https://www.ft.com/content/40c3a928-6faf-4746-903d-3a114aac3878

Indonesia deploys social media influencers in vaccine drive

https://www.ft.com/content/adb9d6c6-ab89-4fe4-aae9-4b226e5f879f

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Biden’s economic rescue plan, US banks report earnings, and the election for Merkel’s successor Jan 15, 2021

Joe Biden plans to ask Congress for a $1.9tn economic rescue package, Federal Reserve chairman Jay Powell assures markets that asset purchases will continue, four big US banks report quarterly earnings, and far-right groups find alternative internet platforms to rally for further unrest. Plus, the FT’s Guy Chazan on who is vying to replace Angela Merkel as leader of Germany’s ruling party.

Biden to push $1.9tn stimulus for pandemic-battered US economy

https://www.ft.com/content/05e07e0d-1f2a-45da-bafb-367f4100c26a

Powell moves to stamp out market fear of exit from loose policy

https://www.ft.com/content/21d89f6d-be8f-48dc-9085-1e9baabcbdbe

Top US banks set for $10bn round of buybacks

https://www.ft.com/content/c2b155a3-8901-4011-be32-fde3f4bad740

Far-right turns to alternative platforms to stoke further unrest

https://www.ft.com/content/f5c4679b-20c5-4b68-bb6d-958f17385183?

After Merkel: the battle for the soul of the Christian Democratic Union

https://www.ft.com/content/ce034f34-cbc6-4ea9-8c16-41fc939fc0fe

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US House impeaches Trump again, Jack Ma vs Xi Jinping, NYC cuts ties with the Trump Organization Jan 14, 2021

Donald Trump has become the first US president in history to be impeached twice, New York City cuts business ties with the Trump Organization, and the City of London has a post-pandemic recovery plan. Plus, the FT’s Beijing bureau chief, Tom Mitchell, explains what the clash between Jack Ma and Beijing means for China’s private sector.

Donald Trump is impeached for second time

https://www.ft.com/content/fc81c3df-f6c0-47c2-8efc-5a14d511f7e7

New York City is latest to cut ties with Trump businesses

https://www.ft.com/content/11b92247-b405-4e03-808d-2b802c63ff38

Jack Ma vs Xi Jinping: the future of private business in China

https://www.ft.com/content/751c2500-f50d-47c9-8f04-a28ad62285fd?segmentId=6bf9295a-189d-71c6-18fb-d469f27d3523

City of London sets out five year post-pandemic recovery plan

ft.com/content/91c887fc-29ef-472f-8e3f-22cb7d21573a?

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WhatsApp battles privacy concerns, China tech worker concerns, Microsoft Teams Jan 13, 2021

Facebook-owned WhatsApp is scrambling to stave off privacy concerns following a recent update to its terms of service;greenhouse gas emissions in the US rose less in 2020 than in any year since the second world war; China’s fast-growing tech industry is in the spotlight for harsh working conditions. Plus, the FT’s Richard Waters reports on the growth of Microsoft Teams and what it could mean for the future of online work.

What’sApp fights back as users flee to Signal and Telegram

https://www.ft.com/content/ee1b716d-4ed2-4b26-8da1-40c98db7b9b6?

US emissions rise the least since second world war during pandemic

ft.com/content/1b1dfaf0-4dfb-4788-9270-f880242b2a56?

Pinduoduo hit by new allegations over working practices

https://www.ft.com/content/cc7aa0f0-ca28-4bf1-a3a1-823cc5e6fad1

Microsoft looks to make 2021 the year of Teams

https://www.ft.com/content/1bbe1b15-dde6-4a3b-9728-8991818b6c92

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US businesses pull political donations, SolarWinds hack developments, Turkey’s quest for power Jan 12, 2021

U-S corporations are reviewing their political donations after the attack on the Capitol building, and research has found the huge global cyber espionage campaign discovered last month was carried out using tools similar to those developed by known Russian hacking group, Turla. Plus, the FT’s Turkey correspondent, Laura Pitel, explains how Recep Tayyip Erdogan’s aggressive foreign policy moves have left Ankara isolated from the west.

Corporate American pulls political donations after assault on Capitol

https://www.ft.com/content/be344816-3fab-42e2-99ed-38309d06a435

SolarWinds cyber attack linked to tools used by Russian hacking group

https://www.ft.com/content/e1b247d5-ef53-4e82-afc3-9e3c2d7c5e2c

Erdogan’s great game: Soldiers, spies and Turkey’s quest for power

https://www.ft.com/content/8052b8aa-62b9-40c9-a40c-d7187d5cd98a?

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Big Tech blocks Trump, urban renter exodus worries some MBS investors, CES goes virtual Jan 11, 2021

Technology companies are blocking President Donald Trump from their platforms, renters fleeing U-S cities are straining the market for mortgage-backed securities, and Europe tries to enforce its investment deal with China. Plus, the Consumer Electronics Show kicks off, virtually.

Twitter vs Trump: has Big Tech gone too far?

ft.com/content/6df12c33-e7a3-482b-92da-8c3549789a6b?

Fading allure of urban life leaves dent on US mortgage bonds

ft.com/content/67cb87c0-ef93-410f-90bc-60ffaf42af5e?

EU and China agree new investment treaty

https://www.ft.com/content/6a429460-4bfb-42d4-9191-73ba97dde130

CES enters the pandemic era, taking a turn for the practical

https://www.ft.com/content/5c6b159c-da65-439f-8831-708cc0930aae

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Trump concedes election, stock markets ignore political chaos, Boeing’s 737 Max settlement Jan 08, 2021

President Trump concedes power for the first time and calls for an orderly transition: the FT’s US managing editor Peter Spiegel looks at how Joe Biden can unite a divided nation; global markets have continued rising despite the chaos in Washington; Boeing agrees to pay $2.5bn to resolve a criminal charge stemming from the 737 Max crashes; and counter-culture icon Neil Young cashes in on the music streaming boom.

Democratic leaders call on Pence to force Trump from White House

https://www.ft.com/content/cecab0e3-ddb6-40fa-a78b-1d98fb3f7759

Boeing to pay $2.5bn to resolve criminal case over 737 Max crashes

https://www.ft.com/content/1e64a9ea-4659-4513-b82f-0a4b5e7cae1c

Blue sweep of Congress will add pressure to weak dollar, analysts say

https://www.ft.com/content/9e58d2fb-37c5-432e-b4c6-dcf862d43b7d

Neil Young joins music rights gold rush after striking Hipgnosis deal

https://www.ft.com/content/dd67a2ab-d6e1-4334-ae45-ef1bf65f1e82

Review clip: Silver Fiddle Music, Hipgnosis

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How a mob of Trump supporters interrupted the transfer of power Jan 07, 2021

Congressional leaders reconvened on Wednesday night to certify Joe Biden’s victory in November’s presidential election, defying pro-Trump rioters who attempted to scupper the process by storming the Capitol earlier in the day. The FT’s US managing editor, Peter Spiegel, reports on a frantic day in Washington.

Further reading:

Angry mobs of Trump supporters interrupt transfer of power

https://www.ft.com/content/9a37c259-f7c8-4cca-9a00-83e7e5b9287d

‘Blue wave’ trade back on after Georgia Senate poll

https://www.ft.com/content/15c8d75b-07dd-4382-8b98-bcc8fa0c900a

New York Stock Exchange reverse course again on China delistings

https://www.ft.com/content/83cd59a9-05ba-4639-8ee4-2cb6c04e89e2

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Saudi Arabia’s oil cut pledge, Qatar and Saudi Arabia end dispute, businesses tied to rebelling Republicans Jan 06, 2021

Saudi Arabia pledged to cut an extra 1m barrels a day of oil output in February and March, and also has agreed to end its dispute with Qatar. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, explains why businesses are making their voices heard when it comes to the Republican rebellion against the outcome of the presidential election.

Saudis pledge to cut oil output despite Russian increases

ft.com/content/c5468924-5383-4717-81c8-5d0658748f31?

Saudi Arabia and allies to restore ties with Qatar

https://www.ft.com/content/ad2eb477-b8f8-4dae-9e4c-a441759fc897

Diehard Trump Republicans on collision course with US business

ft.com/content/9fe61a5e-b57a-4a99-8985-ad7867a500b0?

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Covid-19 shakes US equities, OECD warns against post-pandemic austerity Jan 05, 2021

US equities had their worst day since October as spiking coronavirus cases and lockdowns shook investors, nearly €6bn of EU share dealing shifted away from London in the first trading day after Brexit, and China’s currency has rallied to its highest level in more than two years. Plus, the FT’s economics editor, Chris Giles, explains why the OECD’s top economist wants governments to rethink their constraints on public spending.

EU shares trading flees London on First day after full Brexit

https://www.ft.com/content/a434b756-afe0-454d-9d70-ef2d42ea8d55

Wall Street suffers worst day since October on virus advance

https://www.ft.com/content/82e8a6ee-78a3-4ed1-aa13-bf6a67e58d97

Renminbi rallies past 6.5 per dollar for first time since 2018

https://www.ft.com/content/c91a70d8-001c-4924-9bfa-9b5c21099112

OECD warns governments to rethink constraints on public spending

https://www.ft.com/content/7c721361-37a4-4a44-9117-6043afee0f6b

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Business after Brexit, extended lockdowns in Europe, Bitcoin’s rise Jan 04, 2021

Businesses face a wave of new bureaucracy and checks at ports now that the UK is officially outside of the EU’s single market and customs union, European countries debate more restrictions aimed at containing the spread of coronavirus, and law firms ditch their UK trophy offices. Plus, the FT’s deputy markets news editor, Ian Smith, tells us about Bitcoin’s latest milestone.

European countries set to extend lockdowns as Covid cases surge

https://www.ft.com/content/3292fc38-7945-4d7e-b8ed-582146ebe782

Bitcoin tops $34,000 as record-breaking rally resumes

https://www.ft.com/content/314f6c8a-ff7f-4a52-b5d1-98eb36a7bf40

Law firms ditch trophy office moves as pandemic reshapes City

ft.com/content/e4f4e5f1-72b7-458a-a7bd-eb361cdc970b?

Payne’s Politics: Brexit has arrived

https://www.ft.com/content/4006f4bc-508e-4f5d-bd76-f6db05ef10f1

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Brexit watch, China-Australia tensions, 2020 corporate winners and losers Dec 24, 2020

Britain and the EU were finalising a historic post-Brexit agreement on Wednesday night. Plus, Beijing’s market regulator has announced an antitrust investigation into Alibaba, China’s ban on Australian coal exports is hurting its companies, and the FT’s US business editor, Andrew Edgecliffe-Johnson, looks at 2020’s corporate winners and losers as well as who might rebound in 2021.

Britain and EU poised to announce Christmas Eve Brexit deal

ft.com/content/4993212f-25c8-479e-83d6-f7db3731d1be?

China launches antitrust investigation into Alibaba

ft.com/content/bdcc073f-3b70-4411-92d7-ee36973a8b7a

Politics come first’ as ban on Australian coal worsens China’s power cuts

https://www.ft.com/content/e83fffeb-3ef2-4b67-8989-6d17f153d8d4

Prospering in the pandemic: the top 100 companies

https://www.ft.com/content/844ed28c-8074-4856-bde0-20f3bf4cd8f0

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France reopens border with UK, DoJ sues Walmart, an investigation into Pornhub’s secretive owner Dec 23, 2020

France is set to reopen its borders with the UK to truck drivers who test negative for Covid-19, Boris Johnson and European Commission president Ursula von der Leyen aim for a Brexit trade deal by tonight, the US government sues Walmart for links to the opioid epidemic, and the botched launch of the video game Cyberpunk 2077 has prompted a shift by Sony. Plus, the FT’s consumer industries reporter, Patricia Nilsson, reveals how the dominant player in online porn operates its business.

France to reopen border with UK

ft.com/content/e2d2e680-752a-44a5-b014-60cd837532e7

Johnson and Von der Leyen intensify ‘hotline talks in Brexit deal push

ft.com/content/3576910f-6c51-4ad0-8ad1-75fb51641747

US sues Walmart alleging role in country’s opioid crisis

ft.com/content/2d9484ee-64a7-4bb6-8287-587f94c34b43?

Cyberpunk 2077 debacle prompts shift by Sony

ft.com/content/8af5618d-ca83-43f9-9f51-56b75ff9f181

MindGeek: the secretive owner of Pornhub and RedTube

ft.com/content/b50dc0a4-54a3-4ef6-88e0-3187511a67a2

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Investors unsettled by new coronavirus strain, UK coronavirus strain explained, SoftBank launches Spac Dec 22, 2020

Global stock markets slipped and the price of oil declined on fears over the new strain of coronavirus sweeping through parts of Britain. The FT’s science editor, Clive Cookson, explains what scientists know about the strain and how it will affect efforts to beat the pandemic. Plus, SoftBank has filed to raise up to $604m from investors for its first blank-cheque listing, and upscale sportswear company Lululemon is making a push into overseas markets.

Global stocks slip as new Covid strain unsettles investors

https://www.ft.com/content/58ce50e1-fb49-4743-8f82-0a7a5ff1e896

What we know about the new coronavirus strain

https://www.ft.com/content/a8cf7f88-7bfc-46c5-bb25-a914266f0377

SoftBank launches Spac, says it may buy one of its own investments

ft.com/content/65fd4a73-f277-415f-83b5-a3a68a5d4e27

Lululemon plans overseas expansion as yogawear booms

ft.com/content/c3ae04c5-ea00-452b-a33f-6a02adb5ca34?

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EU travel bans, US stimulus, the City after Brexit Dec 21, 2020

Several EU countries have banned travel from the UK as scientists identify a new strain of Covid that is 70 percent more transmissable, in the US, lawmakers reached a deal on Sunday night over a new round of stimulus, and shopping sites delivering from China are rushing to build their own global freight networks. Plus, our Brexit editor asks whether the UK’s stock market can ever get its mojo back.

Scientists alarmed at spread of Covid mutant

https://www.ft.com/content/a0bef737-c763-447a-b1f3-0649dc5989a0

US lawmakers reach deal on $900bn stimulus package

https://www.ft.com/content/6c953f0e-b229-42c1-959e-ef62196ef4d6

Shopping sites in China are building their own global freight networks

https://www.ft.com/content/8af9c8f3-7ab3-4316-b014-c00e7d8ec83d

Can the UK stock market get its mojo back?

https://www.ft.com/content/ca6e6558-c55a-478b-a35d-81958d0c2890

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Google hit with another antitrust case, Brexit fears lead to stockpiling, Fed stress tests Dec 18, 2020

Dozens of states and territories have launched the first US antitrust challenge to Google’s core search engine, and a surge of stockpiling by UK companies before the end of the Brexit transition period on January 1 has triggered road congestion in southern England and France. Plus, the FT’s Laura Noonan explains what we can expect out of the Federal Reserve’s stress test today and what they will tell us about US banks’s ability to handle the panemic.

Google accused of abusing search monopoly as antitrust cases mount

https://www.ft.com/content/709849fc-4148-4687-9924-0c61f0447f2d

Brexit trade talks hit by fresh dispute over state aid

ft.com/content/2f508f4d-22e2-4deb-8d42-77a7c31fc53c

Brexit stockpiling triggers cross-Channel freight crunch

https://www.ft.com/content/77443600-8b40-47af-a807-60612ef2d928

Global regulators to examine banks’ lending caution during pandemic

https://www.ft.com/content/6a09e064-9b94-4080-b696-5d347067eb4e

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Fed to extend debt purchases, US small businesses struggle, Robinhood hit with legal complaint Dec 17, 2020

The US central bank says it will keep buying at least $120bn of debt a month until “substantial further progress has been made” in the recovery, US regulators have hit Luckin Coffee with a $180m penalty in an accounting fraud settlement, and Massachusetts launches legal action against the online trading app Robinhood. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why there is an uneven recovery in the US corporate landscape.

Fed to extend debt purchases to boost flagging US economy

https://www.ft.com/content/74b6530e-9d69-43f0-a5d7-3cb363ed5398

America’s two-track economy: the small business credit crunch

https://www.ft.com/content/1ae439b1-75e7-4b55-876c-66533ac37db8

Massachusetts takes legal action against Robinhood

https://www.ft.com/content/0e451231-fa4c-4686-bf2f-a5e107f337b9

Luckin Coffee to pay $180m in accounting fraud settlement

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Spanish companies vie for EU recovery aid, UK nuclear plans Dec 16, 2020

Spanish blue-chips have positioned themselves for tens of billions of euros in EU coronavirus aid, the UK is drawing up plans to turn London into a rival to Singapore as a hub for shipping companies, and online brokers are scrambling to hold on to customers acquired during a surge in account openings amid the pandemic. Plus, the FT’s energy correspondent, Nathalie Thomas, explains what a possible new nuclear power plant in England means for the UK’s clean energy goals

Spanish companies jostle for EU recovery fund billions

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UK draws up plans to rival Singapore with post-Brexit shipping regime

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Investment platforms scramble to retain new customers

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UK enters formal EDF talks over £20bn Sizewell C nuclear plant

https://www.ft.com/content/ff25b5b5-5eec-4c81-a9b2-6ef5cad4d9b0

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SolarWinds software hijacked, Electoral College confirms Biden, Federal Reserve meeting preview Dec 15, 2020

Presidential electors confirmed Joe Biden as the winner of the 2020 US election, and the Federal Reserve is poised to issue new guidance extending its emergency bond-buying programme. Plus, the FT’s Hannah Murphy explains what the US is doing in response to an infiltration by “nation-state” hackers into secure IT systems.

US orders emergency action after huge cyber security breach

https://www.ft.com/content/3a635e09-221c-49af-a582-97bc4e803747

Electoral College set to confirm Joe Biden as next US president

https://www.ft.com/content/fb5e17ae-7a15-4a88-b871-1db4036186fe

Federal reserve poised to extend crisis bond-buying programme

https://www.ft.com/content/28db9e0a-9b6b-4e95-99e6-615ffcbdbaf8

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Brexit talks get reenergized, US Covid-19 vaccine rollout, eurozone banks’ dividends Dec 14, 2020

US doctors could administer the first authorised coronavirus shot as soon as today, an EY anti-fraud team warned in 2018 that “red-flag indicators” at Wirecard pointed to potential accounting manipulation, and Europe’s top financial regulators are set to approve lender payouts within strict limits. Plus, Boris Johnson and Ursula von der Leyen agreed to extend negotiations for a UK-EU trade agreement. The FT’s Brexit editor, David Bond, explains how that might play out over the next few weeks.

Join us this Tuesday 15 December at 3pm GMT, for an essential webinar, hosted by expert FT journalists, to understand in 50 minutes what a Deal or a No Deal means for you and your business. Regardless of the outcome, learn how all the key areas may be impacted. Register free today at: https://webinars.on24.com/ftdigitaldialogues/brexitbriefing

EU and UK still ‘far apart’ but Brexit deal hopes rise

https://www.ft.com/content/6a6d5960-3e44-48c8-b33a-ee583b314ee3

Doctors set to give first authorised US doses of Covid-19 vaccine

https://www.ft.com/content/c06fed50-715c-4d2b-995c-b37a52254081

EY fraud unit found ‘red-flag indicators’ Wirecard in 2018

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Eurozone banks set to restart dividend payments under strict limits

https://www.ft.com/content/2ffeb47f-cb88-478e-9819-f22ccd8b9668?

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Johnson says prepare for no-deal Brexit, Airbnb IPO, EU’s threat to Big Tech Dec 11, 2020

Boris Johnson has warned Britain to prepare for a no-deal Brexit, and Airbnb shares more than doubled on their first day of trading on Thursday. Plus, the FT’s Brussels correspondent, Javier Espinoza, explains why the EU is giving Big Tech companies an ultimatum when it comes to policing the internet.

Correction: A previous version of this episode referred to Netscape as Microsoft's browser when it was in fact a rival. Internet Explorer is Microsoft's browser.

Boris Johnson warns Britain to prepare for no-deal Brexit

https://www.ft.com/content/c112b53b-9dc7-462d-b50a-523ce1d42b23

Airbnb soars on debut in latest IPO bounce

https://www.ft.com/content/a1c5cc26-b224-470a-84fe-8a6575fd33dc

EU to tell Big Tech to police internet or face large fines

https://www.ft.com/content/72371610-4820-44c0-a955-4a19e430d343

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Deadline set for Brexit talks, Facebook hit with antitrust lawsuits, DoorDash floats Dec 10, 2020

Boris Johnson and the EU have set a Sunday deadline for a “firm decision” on the fate of their future-relationship negotiations, the US Federal Trade Commission and 46 states have brought antitrust cases against Facebook, and DoorDash reached a market value close to $60bn in its public trading debut. Plus the FT’s global media editor, Alex Barker, looks at whether Disney’s push into streaming is enough to save the business.

Sunday deadline set for ‘firm decision’ on Brexit talks

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US sues Facebook for ‘years-long’ abuse of monopoly power

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DoorDash shares open up 80% amid IPO frenzy

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Disney faces digital dilemma despite streaming success

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Shell’s clean energy departures, Starbucks' bullish goals, US anti-money laundering overhaul Dec 09, 2020

Starbucks chief executive Kevin Johnson says the company will continue to grow despite the pandemic, Congress looks to approve the first overhaul of US anti-money laundering laws in decades, and Japan has launched a stimulus package to help speed up the country’s recovery from Covid-19. Plus, the FT’s senior energy correspondent, Anjli Raval, discusses the recent executive exodus at Royal Dutch Shell.

Shell executives quit amid discord over green push

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As thousands of small coffee shops shut, Starbucks’ boss is bullish

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US to shift burden from banks in overhaul of money laundering laws

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Suga launches $294bn stimulus to boost Japan’s coronavirus recovery

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Johnson and Von der Leyen to meet on Brexit, Uber abandons plans for its own self-driving car, China’s overseas lending Dec 08, 2020

Boris Johnson is to travel to Brussels for make-or-break talks on a UK-EU trade deal, Uber will swap its self-driving car operations for a minority stake in Aurora, and China has drastically curtailed the overseas lending programme of its two largest policy banks. Plus, the FT’s Guy Chazan explains why there is so much at stake for Europe and German chancellor Angela Merkel during this week’s EU summit.

Johnson to go to Brussels in search of way out of Brexit stalemate

https://www.ft.com/content/0317430c-015c-4848-8689-8ec4066dad52?

Uber abandons effort to develop own self-driving vehicle

https://www.ft.com/content/e55ce767-0ede-4096-aa3b-1d26671f3772?

China curtails overseas lending in face of geopolitical backlash

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Angela Merkel faces final challenge at EU summit

https://www.ft.com/content/58866070-51df-4386-be3f-58738a23996c?

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Brexit trade talks on a knife-edge, Brussels urged to heed climate science, Covid vaccines in India Dec 07, 2020

Britain’s trade talks with the EU were on “a knife-edge” on Sunday, Brussels has been urged to stick to climate science when drawing up rules on sustainable finance, and doses of the coronavirus vaccine developed by AstraZeneca and the University of Oxford could be available for purchase in India as soon as March. Plus, the FT’s Brussels bureau chief, Sam Fleming explains how the UK’s departure from the EU will affect Europe.

UK trade talks with EU on knife edge, says Irish premier

https://www.ft.com/content/af0a4b76-66ad-4166-b743-e190327fe42e

Brussels urged to heed climate science in sustainable finance rules

https://www.ft.com/content/3b017b2b-e8a5-4ea0-b7d0-c96337e33e5f

Covid vaccines will be available for private purchase in India

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Brussels’s EU budget warning, Macron complicates Brexit deal, the ‘everything’ market rally Dec 04, 2020

EU budget commissioner Johannes Hanes has warned Poland and Hungary that Brussels could cut them out of its recovery fund, British officials accused France of making new Brexit demands at the eleventh hour on Thursday, and Boeing clinched its first firm order for the 737 Max since the aircraft was grounded 20 months ago. Plus, the FT’s global financial correspondent, Robin Wigglesworth, explains what has been fuelling the rally in global equities and whether it can be stopped.

Brussels warns Poland and Hungary they cannot stop EU recovery fund

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Tough Macron stance leaves Brexit deal hanging in balance

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Boeing clinches first firm order for 737 Max since aircraft’s grounding

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The ‘everything rally’: vaccines prompt wave of market exuberance

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Democrats support US stimulus plan, China invests in US tech, reaction to UK vaccine approval Dec 03, 2020

Top Democrats have expressed support for a $908bn stimulus plan offered by a bipartisan group of US senators, the UK has become the first country to approve a Covid-19 vaccine, and Chinese state-backed funds are still scouring the US for investments in critical technologies despite stiffer restrictions on such deals. Plus, the FT’s West Africa correspondent, Neil Munshi, explains why Nigeria’s richest residents are investing heavily in Africa’s biggest economy.

Top Democrats signal willingness to compromise on stimulus

https://www.ft.com/content/8787eb59-642e-4a93-af5b-59f13afa3e6d

UK set for Covid vaccinations ‘next week’ after regulatory approval

https://www.ft.com/content/c60f49c1-34c8-4cd0-b295-87f35c70bc04

Chinese state-backed funds invest in US tech despite Washington curbs

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Nigeria’s richest plough money into Africa’s biggest economy

https://www.ft.com/content/c5b98699-a5bb-49b2-8436-4a7edf314b87

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Airbnb IPO pricing, EU squeezes UK in Brexit talks, Brazil's economy during the pandemic Dec 02, 2020

Airbnb disclosed on Tuesday that it could raise as much as $2.5bn in its initial public offering, and Brussels is still holding back on granting Britain a whole collection of Brexit rights and regulatory waivers. Plus, the FT’s Latin America editor, Michael Stott, explains why Jair Bolsonaro’s monthly subsidy to Brazilians is a double-edged sword.

Airbnb looks to raise up to $2.5bn in IPO

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EU keeps UK guessing on post-Brexit rights

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Understanding eurozone inflation, Zoom sales up, Mnuchin and Powell testify before US Congress Dec 01, 2020

The cost of many popular goods and services in the eurozone is rising far faster than the bloc’s overall depressed level of inflation, the video conferencing company Zoom continued to ride the boom in working and learning from home, and Eurozone finance ministers have struck an agreement to revamp the bloc’s bailout fund. Plus, the FT’s James Politi explains what is in store as Federal Reserve chair Jay Powell and US Treasury secretary Steven Mnuchin appear before the US Congress.

Eurozone consumers hit by rising goods costs despite negative inflation

https://www.ft.com/content/e8a10dff-ca00-4bd0-8909-a62b51e498af?

Zoom sales up fourfold as pandemic keeps workers at home

https://www.ft.com/content/3f388aac-9e41-4ce4-bc30-187bad688d8a?

Eurozone finance ministers strike deal over bailout reform

https://www.ft.com/content/827f3d0c-ff1d-417e-bdc9-afd55be003b0

Jay Powell frets over US economy despite good news on a vaccine

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EU pitches post-Trump alliance with US, Covid-19 vaccine rollout, Lam’s cash problem Nov 30, 2020

The EU will call on the US to seize a “once-in-a-generation” opportunity to forge a new global alliance, the first coronavirus vaccine is on track for international deployment within weeks, and Hong Kong’s leader has said she is being forced to receive her salary in cash because of US sanctions. Plus, the FT’s Helen Warrell explains how the UK is trying to position itself as a global leader in defence.

EU pitches new post-Trump alliance with US in face of China challenge

https://www.ft.com/content/e8e5cf90-7448-459e-8b9f-6f34f03ab77a

International rollout of Covid-19 vaccine on track for next month

https://www.ft.com/content/093d5005-ea9f-4c87-8db3-bae0e93d5102

Hong Kong’s leader has ‘piles of cash’ at home after US sanctions

https://www.ft.com/content/0f9f0e98-faac-4ecd-8896-8cda3746a920

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Is AI finally closing in on human intelligence? Nov 27, 2020

The company OpenAI has developed an extremely powerful machine-learning system that can rapidly generate text with minimal human input. The system is known as GPT-3 and it does everything from crafting an email to writing advanced fiction. However, the FT’s innovation editor, John Thornhill, explains, there are barriers and even a dark side to this tool.

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Brexit financial services woes, Salesforce eyes Slack, Facebook’s ad troubles Nov 26, 2020

Europe’s financial sector has reached “peak uncertainty” as regulators and banks rush to stave off the harshest effects of Brexit, cloud software company Salesforce is in talks to buy Slack, and Facebook allowed several thousand adverts and posts that violated UK law earlier this year. Plus, the FT’s economics editor, Chris Giles, explains why UK chancellor Rishi Sunak is warning of an ‘economic emergency’.

Europe's finance sector braced for 'peak uncertainty' ahead of January

Salesforce in talks to buy Slack in huge cloud software deal

Facebook allowed thousands of illegal ads in UK until they were reported

Sunak warns of ‘economic emergency’ as borrowing hits record £394bn

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Markets rise on White House transition, France taxes US tech giants, bank dividends Nov 25, 2020

US stocks surged to new highs on Tuesday, alongside global equities, as the path for a smooth transition of power in the US cleared, French tax authorities have begun demanding millions of euros in extra tax from US tech giants, and an ECB executive says that eurozone banks could be allowed to pay dividends again if their balance sheets are in order. Plus, the FT’s Robin Harding explains why Japanese stamps are getting in the way of the country’s digitisation efforts.

US stocks set record high as investors look to new administration

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US tech companies get digital tax demands from French authorities

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ECB to lift ban on bank dividends next year if balance sheets strong enough

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Japan to ditch ‘hanko’ seal in drive to digitise bureaucracy

https://www.ft.com/content/e05b0e61-1aa6-4e96-822b-538f1a33d806

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Yellen likely choice for US Treasury, Peru’s century bonds, Oxford-AstraZeneca vaccine Nov 24, 2020

US president-elect Joe Biden is poised to choose former Federal Reserve chair Janet Yellen as his Treasury secretary, Peru joins a select group of countries that has issued century bonds, and the number of US air travellers has ticked up ahead of US Thanksgiving. Plus, the FT’s Donato Paolo Mancini explains how the vaccine produced by Oxford University and AstraZeneca will play into the larger fight against the pandemic.

Joe Biden poised to pick Janet Yellen as Treasury secretary

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Peru joins elite club of nations selling century bonds

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US air travel rises despite Thanksgiving pandemic warnings

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Oxford-AstraZeneca vaccine results raise hopes for Covid fight

https://www.ft.com/content/2da97a56-23df-4345-9157-6dc8ec322c69

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Europe eases lockdowns for holidays, G20 on Covid-19 vaccines, China’s crackdown on misconduct Nov 23, 2020

European policymakers are preparing to relax Covid-19 lockdowns and “save Christmas”, G20 leaders pledged to “spare no effort” to ensure global access to Covid-19 vaccines, and Beijing has warned it will show “zero tolerance” for financial misconduct after several high-profile bond defaults by state-owned companies. Plus, the FT’s Peggy Hollinger explains how investors are handling Brexit.

European nations plan cautious easing of lockdowns for Christmas

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G20 leaders pledge to ensure global access to Covid vaccines

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Beijing promises crackdown on misconduct after bond defaults

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WHO cautions against remdesivir, wildfires and wine, Venezuelan oil as a stranded asset Nov 20, 2020

The World Health Organization has recommended that doctors do not prescribe Gilead's remdesivir to patients in hospital with coronavirus, US Treasury secretary Steven Mnuchin has decided against extending several of the Federal Reserve’s emergency lending facilities, and online wine retailer, Naked Wines, has said that worsening wildfires are becoming a challenge for the industry. Plus, the FT’s Michael Stott explains why Venezuelan oil could become the world’s biggest stranded asset.

WHO recommends against prescribing remdesivir to Covid patients

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US Treasury says no to extending some of Fed’s crisis-fighting tool

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Wildfires pose threat to industry, warns Naked Wines

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Venezuelan oil could become world’s biggest stranded asset, say experts

https://www.ft.com/content/cafbd3c7-2434-4f23-8da8-1f7052efdc8e

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EU auditor: Brussels too slow to tame Big Tech, FAA clears Boeing 737 Max, Johnson’s green economy Nov 19, 2020

A new report from the EU’s external auditor has found Brussels failed to tame Big Tech because it moved too slowly, the US Federal Aviation Administration issues an order on Wednesday allowing Boeing’s 737 Max to fly again, and Wall Street analysts expect the arrival of a coronavirus vaccine will send the dollar sinking next year. Plus, the FT’s environment correspondent, Leslie Hook, explains why critics say Boris Johnson’s plan for a green economy falls short.

EU has been too slow to tame Big Tech, says bloc’s auditor

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US regulator clears Boeing’s 737 Max to fly again

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Vaccine arrival expected to trigger dollar slump in 2021

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Boris Johnson’s green plan a ‘far cry’ from hitting net zero targets

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G20 nears funding boost for low-income countries, Amazon online pharmacy, FSB report Nov 18, 2020

Saudi Arabia’s finance minister says the world’s richest countries are close to unlocking additional IMF funds for low-income nations, Amazon has launched an online delivery service offering big discounts for prescription medicine in the US, and Unilever is aiming to increase its annual sales of plant-based meat and dairy alternatives to €1bn in five to seven years. Plus, the FT’s US markets reporter, Colby Smith, explains why the Financial Stability Board is pinning hedge funds with some of the blame for the US Treasury market chaos in March.

G20 nearing IMF funding boost for developing nations, Saudi minister says

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Amazon launches online pharmacy in challenge to traditional retailers

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Unilever aims for €1bn sales from plant-based products by 2027

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Hedge funds under scrutiny over role in March bond market ructions

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Biden’s coronavirus warning, Airbnb readies for IPO, Saudi Aramco bonds Nov 17, 2020

US president-elect Joe Biden has warned that the country’s ability to handle Covid-19 could be hampered if Donald Trump does not allow a smooth transition of power, AirBnB published the prospectus for its long-awaited stock market listing on Monday, and the secretary general of the Basel committee of regulators has argued that shareholder payouts should remain on hold until the long-term impact of the pandemic is clear. Plus, the FT’s senior energy correspondent, Anjli Raval explains why Saudi Aramco is heading to the international bond market.

Biden warns ‘more people may die’ if Trump refuses to co-ordinate

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Airbnb woos investors with return to profit ahead of IPO

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Bank regulator calls for dividends to remain on hold

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Saudi Aramco to sell billions of dollars in international bonds

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Lawsuit tracker: Trump’s battle faces tough test this week

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UK’s weak household spending, Asia-Pacific trade deal, Biden’s Brexit impact Nov 16, 2020

A Financial Times analysis has found the UK’s weakness in international economic league tables during the coronavirus crisis reflects stretched household finances and potentially wasteful public spending, leaders from 15 Asia-Pacific countries have signed one of the biggest trade deals in history, and US banks are concerned over one of their most profitable business segments as consumers pay down their credit cards. Plus, the FT’s Arthur Beesley explains how US president-elect Joe Biden’s Irish roots could affect Ireland’s Brexit outlook.

UK’s poor GDP performance rooted in weak household spending

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US surge in coronavirus cases darkens outlook for economy

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Asia-Pacific countries sign one of the largest free trade deals in history

https://www.ft.com/content/2dff91bd-ceeb-4567-9f9f-c50b7876adce

Bank credit card profits in question as US consumers pay down debt

https://www.ft.com/content/fe591579-2202-45f1-8c83-a7e7dd1200c4

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Palantir sales growth cheers Wall Street, Poland threatens EU budget, Denmark mink culling Nov 13, 2020

Data analytics company, Palantir, beat Wall Street forecasts in its first quarterly earnings since going public, the US Senate is preparing to vote on Judy Shelton, Donald Trump’s nominee to the Federal Reserve board, and Poland’s prime minister warns that his country’s parliament could shoot down the EU’s next seven-year budget. Plus, the FT’s Nordic and Baltic correspondent, Richard Milne, explains why Denmark is backtracking on its order to kill millions of mink.

Palantir sales growth cheers Wall Street in debut earnings

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Senate prepares to vote on Trump’s Fed board nominee Judy Shelton

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Poland threatens EU budget over linking funding to rule of law

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Denmark’s mink farmers count cost of botched cull

https://www.ft.com/content/9e518316-6422-41f3-8873-8a75754b2eef

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Key aide to Boris Johnson quits, ECB set to expand help, TikTok deadline, Turkish lira Nov 12, 2020

Boris Johnson’s director of communications resigned on Wednesday night following a bitter Downing Street power struggle, the European Central Bank will keep financing costs exceptionally favourable in the eurozone until the economy recovers from the pandemic, and TikTok wrestles with its US divestment deadline. Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management.

Key Johnson aide quits in Downing St power struggle

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ECB set to expand bond-buying and cheap loans, Lagarde signals

https://www.ft.com/content/3fc692fe-a79d-447f-9dec-42c171dc9a53?

TikTok challenges Trump order ahead of US divestment deadline

https://www.ft.com/content/218bccaf-6b74-475c-a374-9a0a89ca3d29

Turkey’s Erdogan vows to win ‘trust’ of investors after lira plunge

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Trump’s resistance, Lyft weighs delivery business, EU hits Amazon with antitrust charges Nov 11, 2020

Republicans have grown more assertive in giving cover to Donald Trump’s false claims that the US presidential election was stolen from him, Lyft has said it was in the “early days” of building a delivery business to take on Uber Eats and others, SoftBank is considering moving its Vision Fund unit to Abu Dhabi, and the European Union is hitting Amazon with antitrust charges. Plus, the FT’s Leila Abboud explains why European small shopkeepers are frustrated with the latest set of coronavirus lockdowns.

As Joe Biden’s margin of victory grows, so does Republican resistance

https://www.ft.com/content/d0c09d30-6f1c-4978-bbb7-44e1f93e9a39

Lyft weighs getting into delivery business as it works to bounce back

ft.com/content/b340f34e-d16a-4388-99cf-eacb00df8389

SoftBank’s Vision Fund unit considers move to Abu Dhabi from UK

https://www.ft.com/content/22eddefb-adab-4188-9de7-33533f6d571e

EU accuses Amazon of breaching antitrust rules

https://www.ft.com/content/4908995d-5ba4-4e14-a863-bcb8858e8bd2

Europe’s shopkeepers on the warpath over lockdowns

https://www.ft.com/content/3fc8ba69-9a2c-4f19-ac79-ce310c8d6507

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Covid vaccine lifts stocks, Nikola’s legal bills pile up, India takes aim at Google Nov 10, 2020

A breakthrough in the race to find a vaccine for Covid-19 fuelled a broad global equity rally on Monday. The FT’s Joe Miller explains what this means for managing the pandemic. Plus, India’s competition watchdog has ordered an in-depth investigation into the tight links between Google’s mobile app store and its payment service, and electric truck start-up Nikola has acknowledged for the first time that it is under investigation by the US Department of Justice in the wake of fraud allegations.

Pfizer and BioNTech’s Covid-19 vaccine found to be 90% effective

https://www.ft.com/content/9bde4bff-acf0-4c2a-a0d0-5ed597186496

Nikola reveals escalating legal bill after fraud claims

https://www.ft.com/content/51c9de3f-7e08-4740-8a50-4f301d8ca9ae

India’s competition watchdog orders Google investigation

https://www.ft.com/content/f0709021-0fdb-4f0a-a85e-c807ab364ebe

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Biden looks to unite Democrats, future of UK-US trade, Westfield threatens tenants Nov 09, 2020

President-elect Joe Biden will face a power struggle between liberal and progressive Democrats, and how will a Biden administration handle a trade deal between the US and the UK? The FT’s Sebastian Payne and Aime Williams explain how the internal market bill plays an important role. Plus, shopping centre landlord Westfield is threatening tenants with legal action over unpaid rents.

Biden faces power struggle between Democratic progressives and moderates

https://www.ft.com/content/e922ddea-6665-4231-89a3-ffdbfd0fc009

Westfield threatens chains including Pret over rent arrears

https://www.ft.com/content/40596f51-cef7-41b7-a36f-cddebb870be5

Lords defeat of Brexit bill will put government on track for Biden clash

https://www.ft.com/content/874ef7b6-91f9-4f5e-b2ae-5a3def68e250

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Biden edges towards victory, Bank of England stimulus, Uber earnings miss Nov 06, 2020

Joe Biden edged closer to a presidential victory on Thursday night while Donald Trump claimed without evidence that the Democrats were trying to “steal” the election. Plus, the Federal Reserve kept monetary policy steady, the Bank of England took more robust measures as the UK entered a second coronavirus lockdown, and Uber missed Wall Street’s expectations on earnings in the third quarter despite reporting an uptick in its ride-sharing business.

Donald Trump calls for vote counting to stop as US awaits result

https://www.ft.com/content/b922453a-166c-446f-a50e-6727309b8375

Federal Reserve keeps monetary policy steady as Covid cases rise

https://www.ft.com/content/3b577f14-c638-4536-aeb0-f63508e7e295

Bank of England launches £150bn stimulus to boost consumer spending

https://www.ft.com/content/18ade542-d2a9-438a-ba5c-37b51475993b

Uber and Lyft in driving seat to remake US labour laws

https://www.ft.com/content/78e619f4-fabe-4077-a51a-491e24492263

Uber claws back business as lockdowns ease but misses Wall Street target

https://www.ft.com/content/933458fc-4bd8-407f-be0f-6467e83b6173

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Biden holds lead over Trump, US leaves Paris climate agreement Nov 05, 2020

Joe Biden won Wisconsin and Michigan on Wednesday in two critical victories that boosted his chances of winning the presidential election while the Trump campaign launched lawsuits to delay vote counting. Meanwhile, investors are now changing course after Democrats missed an opportunity for a blue wave. Plus, the FT’s environment correspondent, Leslie Hook, explains how the outcome of the election is crucial for global efforts to tackle climate change.

Biden boosted by Wisconsin and Michigan wins as count drags on

https://www.ft.com/content/874f4401-aa3f-46c0-b4ca-2d06066c1f7e

Investors hold their poise in face of knife-edge US election result

https://www.ft.com/content/732afbb8-af6f-4bfa-9cd2-e7dab82873af

US formally withdraws from Paris climate agreement

https://www.ft.com/content/54f600e0-183f-41fd-8d4b-69ab4403e331

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US ballot count continues, Ant IPO stalls Nov 04, 2020

The US presidential election appeared to be headed towards prolonged uncertainty as critical battlegrounds continued to count mail-in ballots. The FT’s Peter Spiegel reports on the early morning results, and Andrew Edgecliffe-Johnson explains what it means for business.

Plus, China has suspended the $37bn listing of Ant Group, which had been set to become the world’s largest IPO. Our Asia capital markets correspondent, Hudson Lockett, explains what happened.

Follow the FT’s US election coverage

https://www.ft.com/us-presidential-election-2020

Trump’s corporate trouble: CEOs keep their distance from the party of business

https://www.ft.com/content/f74f00db-decc-4fb2-8c86-e95dd0b0d42e

China halts $37bn Ant Group IPO, citing ‘major issues’

https://www.ft.com/content/c1ee03d4-f22e-4514-af46-2f8423a6842e

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US election day voting, investors eye the candidates, Nvidia-Arm China deal in trouble Nov 03, 2020

US election day begins as Americans brace themselves for what could be a drawn-out result, Nvidia’s $40bn deal for the UK-based chip designer Arm is facing fresh problems in China, and Volkswagen will be within only “a gram or so” of tough new EU carbon emission limits. Plus, the FT’s US capital markets correspondent, Richard Henderson, explains which policies from Mr Trump and Joe Biden are most appealing to investors.

Democrats fight back as Trump pledges to challenge result in court

https://www.ft.com/content/fd0ed792-2945-48a1-a896-efd0ecc7586f

Trump vs Biden: 4 policy plans US stock investors are watching

https://www.ft.com/content/4930af61-c51a-4782-a1cd-a0cd1a9a0cde?shareType=nongift

Battle at Arm China threatens $40bn Nvidia deal

ft.com/content/49889c43-70b8-45d7-b0b0-44e98d3bf89f?

Volkswagen within ‘a gram’ of compliance with EU carbon targets

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Eurozone economic forecast sinks, UK businesses plea support, aerospace and Brexit Nov 02, 2020

Fresh lockdowns in Europe announced have triggered a flurry of downgrades to economic growth forecasts, and UK business leaders have called for more financial help from the government to support crisis-hit companies. Plus, the FT’s Peggy Hollinger explains how Brexit will affect an already hard hit aerospace industry.

Eurozone economic forecasts slashed as fresh lockdowns imposed

https://www.ft.com/content/3269f590-1cac-411f-8320-110c91c1f12e

Business seeks state support as it faces England lockdown

https://www.ft.com/content/adfebb62-2f01-4c4a-bdc6-8bf8ff621850

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Big tech earnings, US economic data, early voters pour in for US presidential election Oct 30, 2020

Big tech companies reported mixed earnings for the most recent quarter, and Donald Trump is pointing to strong third-quarter GDP days before the US presidential election. Plus, the FT’s Washington Bureau chief Demetri Sevastopulo explains how early votes could affect election day.

Google ad sales bounce back sharply from pandemic slump

https://www.ft.com/content/07c22dcb-9747-4bd3-a01c-bb51d6e9e9bb

Donald Trump touts economy to boost re-election bid

https://www.ft.com/content/dbe15063-8955-42e2-a757-b8d9b4bd9c60

Early voting surge points to huge turnout in US election

https://www.ft.com/content/8d8fa717-8923-4223-af75-bd6d31d25d9a

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European lockdowns worry investors, China’s Five-Year plan Oct 29, 2020

Stocks in Europe and the US dropped on Wednesday as Germany and France re-entered lockdowns to slow the spread of coronavirus. The FT’s Michael Peel explains how the European Commission is handling the latest wave of the virus. Plus, investors worry about its spread in Europe and the US, and China’s leadership discusses the country’s next Five-Year Plan.

Germany and France impose fresh curbs to slow Covid-19 spread

https://www.ft.com/content/cc928df5-8c4f-4b16-b5e8-78547069c9d5

US stocks close down 3.5% as Covid concern mounts

https://www.ft.com/content/617f7ad3-6831-4e47-b66a-3efccd1972a6

Chinese leadership meets to set policy direction for next 5 years

https://www.ft.com/content/91b74acd-15fc-402a-9644-3c662d3ba04c

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Apple search, LVMH and Tiffany talk, social media testimony Oct 28, 2020

Apple is stepping up efforts to develop its own search technology, Boris Johnson’s plan to flout international law over Brexit is set to be blocked by the House of Lords, LVMH is in talks to renegotiate its $16.6bn takeover of US jeweller Tiffany. Plus, the FT’s Kiran Stacey will explain why US Senators are going after big social media groups ahead of the US presidential election.

Apple developing alternative to Google search

ft.com/content/fd311801-e863-41fe-82cf-3d98c4c47e26

Boris Johnson faces Brexit defeat at key moment

ft.com/content/807e1c15-7632-4a42-adc7-562ffc57e232?

Zuckerberg backs reform of legal protections for social media

https://www.ft.com/content/9e9b8a33-74af-4a42-9c6f-1e24958de46c?

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US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery Oct 27, 2020

US stocks on Monday notched their biggest one-day drop in a month on fears that rising coronavirus infections will dampen business activity, and European banks get a lift from equities revenue. Plus, the FT’s China corporate tech reporter, Ryan McMorrow, explains how Alibaba is making a push into a crowded grocery delivery field.

Alibaba to pay $3.6bn to take control of Chinese supermarket chain Sun Art

https://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51

US stocks have worst day in a month as virus cases hit a record

https://www.ft.com/content/770938ee-c511-4332-968c-c290dd89cc33

Barclays recovers as bad debt charges fall

https://www.ft.com/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960

UBS pledges to boost payouts as pandemic impact diminishes

https://www.ft.com/content/10005024-87dc-41b8-abc4-728261b34bf0

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EU member states hesitate on recovery fund loans, upbeat Oxford vaccine trials, Brexit borders Oct 26, 2020

Pandemic-struck EU member states are worried about debt and are hesitant to reach for recovery fund loans, and a Covid-19 vaccine trial out of the University of Oxford and AstraZeneca has shown promise in a recent trial. Plus, the FT’s Peter Foster and Judith Evans explain what kind of complications will occur at the UK border after the Brexit transition period ends.

Italy and Spain introduce new pandemic measures

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EU capitals hesitate over recover fund loans

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Astrazeneca Oxford Covid vaccine trials offer hope for the elderly

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British sausage makers face EU freeze after Brexit

https://www.ft.com/content/a6b205e4-6171-4995-80d8-3f19b42d340a

Private jets take off as wealthy flyers seek to avoid virus

https://www.ft.com/content/17282807-ab86-4333-b6c2-b8128f87fd4f

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Final US presidential debate, FDA approves remdesivir, Intel data hit by pandemic Oct 23, 2020

Donald Trump and his Democratic challenger, Joe Biden, clashed over issues from the pandemic to foreign policy in their final presidential election debate. Then, the FT’s Demetri Sevastopulo will explain why local races in Texas and around the US could dictate the political make-up of the country for years to come. Plus, Gilead has received the first US regulatory approval for a Covid-19 drug, and Intel reported a decline in data centre revenues and said its earnings fell by nearly a quarter from a year ago due to the pandemic.

Donald Trump and Joe Biden clash over coronavirus in final debate

https://www.ft.com/content/bef48683-9bde-4ac2-8906-797779593b22

Gilead secures FDA approval for remdesivir

https://www.ft.com/content/07a321de-109b-46aa-99bc-f884e0ed7703

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US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos Oct 22, 2020

The US director of national intelligence has warned that Iran and Russia are attempting to influence American voters before the November 3 US election, Tesla delivered a fifth straight quarterly profit in the three months to the end of September, and one of the biggest US public pension funds has frozen new investments with Apollo Global Management over concerns regarding Leon Black’s connections to Jeffrey Epstein. Plus, the FT’s West Africa bureau chief,Neil Munshi, reports on the violent crackdown by security forces on peaceful demonstrators in Lagos.

US official warns of Iranian and Russian election interference

ft.com/content/82d92abf-2dd2-4fb6-8d0a-1f12f7aedcb4

Tesla delivers its fifth straight quarterly profit

https://www.ft.com/content/e782cac4-cbdf-4d39-986e-8b7b7971de1d

Apollo investor halts new commitments over Leon Black’s Epstein ties

https://www.ft.com/content/7aa15cae-0baf-488b-8713-c4dc29bf193c

Violent crackdown on Nigerian protests prompts outrage

https://www.ft.com/content/1e06b3c1-f453-4e7e-b71b-b0dba31faaa3

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Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation Oct 21, 2020

Snap posted record revenues and attracted the highest-ever number of advertisers to its platform in the third quarter, and the US Department of Justice has accused Google of suppressing competition in internet search. Plus, the FT’s west coast editor, Richard Waters, explains how the US and Europe are handling the regulation of big tech in very different ways.

Netflix subscriber growth slows as lockdown boost fades

https://www.ft.com/content/de870037-4859-4660-87c8-b6bba656bd02

Snap reaps the benefits of Facebook boycott fallout

ft.com/content/cb762955-10bb-4d1e-bfb3-87c4ecf9d915?

US election: Facebook’s political balancing act

https://www.ft.com/content/ebbf9be3-307b-4fdd-a582-069099e3096c

Nick Clegg: Europe should tear down digital walls not build new ones

https://www.ft.com/content/98cf847c-96f9-4558-9a30-7d72ea4e79c2

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Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push Oct 20, 2020

US stocks slid on Monday as a deadline on US stimulus talks looms and coronavirus cases continue to rise, and ConocoPhillips is betting on a post-pandemic oil recovery with its plans to buy Concho Resources for $9.7bn. Plus, the FT’s greater China correspondent, Kathrin Hille, explains why Chinese companies of all stripes are rushing into the country’s semiconductor industry.

US stocks slide as stimulus deadline looms

https://www.ft.com/content/6c0fd8ae-618e-42e9-8537-b6f6a4558ac2

ConocoPhillips to buy rival Concho in $9.7bn deal

https://www.ft.com/content/1da54146-244a-4e42-a90d-415298db3866

Chinese groups go from fish to chips in new ‘Great Leap Forward’

https://www.ft.com/content/46edd2b2-1734-47da-8e77-21854ca5b212

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European double-dip recession concerns, Sunak dangles lockdown money, Brexit market Oct 19, 2020

Economists worry rising coronavirus infections and fresh government restrictions will cut short the region’s recent recovery, and UK chancellor Rishi Sunak is preparing to release tens of millions of pounds to end a coronavirus restriction deadlock with leaders in Greater Manchester. Plus, investors are keeping a close eye on sterling as the Brexit transition period nears the end. The FT’s Katie Martin will take a look at Brexit’s impact on sterling and the markets.

Europe’s economy is sliding towards a double-dip recession

https://www.ft.com/content/700355e2-362c-4f9f-a24e-ddc9f6ea9cb0

Sunak ready to release ‘tens of millions’ to secure Manchester Covid deal

https://www.ft.com/content/68e8e775-e69c-492c-bef2-a1c2863f5167

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Remdesivir and Covid-19 deaths, Johnson set to force no deal, suburbanites in US election Oct 16, 2020

The World Health Organization has found the Covid-19 treatment remdesivir does little to prevent deaths and Boris Johnson could push Brexit talks into crisis on Friday. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why suburban women might be the key to victory when it comes to the US presidential election.

Remdesivir has little effect on Covid-19 mortality, WHO study says

https://www.ft.com/content/ee9b611f-2b4b-4572-afe1-b0b804d17a94

Summit ‘atmospherics not good’ as Brussels seen as dragging its feet on trade deal

https://www.ft.com/content/252d3ea4-0ddf-498b-b993-59c13b0de004

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Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics Oct 15, 2020

France and the Netherlands jointly issued a call for the bloc’s competition authorities to take pre-emptive measures against big tech companies, and investors have been unimpressed by recent US bank earnings despite lower loan loss provisions. Plus, the FT’s Dave Lee explains whether Amazon will be able to handle the logistical hurdles thrown its way this holiday season.

Falling interest rates drag on Bank of America and Wells Fargo profits

https://www.ft.com/content/8b8a4bec-6d28-462e-a18f-73b4856e1fc7

Amazon braces for winter of demand with relentless expansion

https://www.ft.com/content/9cd8038e-b38c-40d6-b2db-8f6e01cd166a?

France and Netherlands join forces to back EU move against tech giants

ft.com/content/4a9ed79e-c8c8-4b47-8055-1cd029541c32

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WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners Oct 14, 2020

The EU has been given the green light to hit almost $4bn of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, and the IMF said the coronavirus crisis will wreak “lasting damage” on people’s living standards across the world. Plus, some hedge funds are betting that the best days for the stock market’s coronavirus winners are in the past.

EU given green light to hit US with tariffs in Airbus-Boeing ruling

https://www.ft.com/content/3198d2ef-c3bb-44b9-a1e0-b27d9c1483de

Pandemic will cause ‘lasting damage’ to living standards, IMF warns

https://www.ft.com/content/8b286455-d9ed-42a9-b933-5a1d3f4f08b2

Hedge fund short sellers target pandemic winners

ft.com/content/0a14e904-5fac-41bd-a9b4-a8a588db15c5?

Apple enters the 5G market with new line of iPhones

https://www.ft.com/content/eac7ed4b-5fb4-4f0e-944d-f5f61300bd12

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US equities taking election polling to heart, US banks kick off earnings season, UK lockdowns Oct 13, 2020

US stocks built on last week’s rally with investors assessing US presidential election polls that show a strong lead for former vice-president Joe Biden, and unemployment looks set to hit the UK’s youth the hardest with the country’s economy facing a sharp slowdown. Plus, the FT’s US finance editor, Rob Armstrong, explains why US banks might suddenly be hoping for a Democratic wave and what their most recent earnings could look like.

Wall Street rallies as angst over contested US election wanes

https://www.ft.com/content/1dcbbed2-6d9e-4898-98bf-00e98a19eb5b

Five things to watch in US bank earnings season

https://www.ft.com/content/2604ab01-c562-4601-a8d6-921825a9e4ae

UK’s youth count the cost of the Covid pandemic

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Samuel Brittan, economics editor, 1933-2020

https://www.ft.com/content/b763bf06-3fc2-4e95-9fe6-a17acf3d8f3b

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EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress Oct 12, 2020

EU regulators are drawing up a “hit list” of up to 20 large internet companies that will be subject to new and far more stringent rules, and government ministers of poor and indebted nations plead for more ambitious debt relief programmes. Plus, FT’s Brexit editor David Bond speaks with Sam Fleming and Victor Mallet about how European countries are viewing the progress of Brexit talks.

EU targets Big Tech with ‘hit list’ facing tougher rules

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Emerging economies plead for more ambitious debt relief programmes

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A new cold war, whiskey in days Oct 09, 2020

Tensions between Washington and Beijing reflect a shift in how America views Asia’s superpower. We'll look at how both Joe Biden and Donald Trump are handling China in the presidential campaign. Plus, why a Silicon Valley start-up has decided to disrupt whiskey.

How the US elite became hawks on Xi’s China

https://www.ft.com/content/75ce186e-41f7-4a9c-bff9-0f502c81e456

Silicon Valley start-up launches ‘Nespresso machine’ for whisky

https://www.ft.com/content/3926e3bf-352b-4c47-8acb-d9b47dfa11cb

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Lilly Covid drug, Vatican derivatives, UK mining corruption probe Oct 08, 2020

Eli Lilly, a US drugmaker, has applied for an emergency authorisation of its Covid-19 antibody in the US. According to documents seen by the Financial Times, the Vatican invested donations for the needy in derivatives that bet on the creditworthiness of Hertz. And the FBI picks up the case of two men found dead in a hotel room in Missouri; British prosecutors had seen the men as potential witnesses in a corruption probe into the multibillion-dollar mining house, Eurasian Natural Resources Corporation.

Lilly seeks emergency approval for Covid drug

https://www.ft.com/content/dc7d2abf-1cd2-40db-b040-27b3d9031e8b

Vatican used charity funds to buy Hertz credit derivatives

https://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5

Silent witnesses: what do three corpses have to do with a corruption case?

https://www.ft.com/content/7dc13ec9-721c-41a7-8423-daeb9a743e9a

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US stimulus talks end, Macy’s buys stake in Swedish fintech Oct 07, 2020

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

https://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bb

Hidden joblessness threatens economic recovery in US and Europe

https://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22

Macy’s takes stake in Klarna as part of payment partnership

https://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c

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Trump returns to White House, a fight over lithium batteries Oct 06, 2020

Donald Trump returned to the White House on Monday evening after three days of hospital treatment for coronavirus, although his doctor warned that the president was not yet “out of the woods”. Plus, the IMF is instructing rich countries to spend on infrastructure, and a court case over trade secrets between two South Korean companies could affect the future of electric cars in the United States.

Donald Trump returns to White House after three days in hospital

https://www.ft.com/content/4909a63c-8f7d-4621-9fba-73b5dac2ee5c

IMF calls on rich nations to boost public investment

https://www.ft.com/content/fc7ad858-0fdd-401e-bce5-796a8353ba30

Stakes are high in bitter battle over battery secrets

https://www.ft.com/content/98678ea4-7eba-4873-8815-47b0efe7c9df

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Trump’s Covid-19 case prompts questions, financial services in a post-Brexit world Oct 05, 2020

Donald Trump’s doctors said the president could be discharged from hospital today, after a weekend of mixed messages from the White House concerning Mr Trump’s health. Plus, the FT’s Brexit editor, David Bond, talks with the FT trading room editor Philip Stafford about what financial services will look like after Brexit.

Trump’s doctor says he could be out of hospital on Monday

https://www.ft.com/content/f331c9b9-6f2b-4cd5-831c-00cc10929940

Brexit and the City: Brussels’ new battle to rival London in finance

https://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9ac

Brussels’ next financial policy chief warns of Brexit frictions

https://www.ft.com/content/d80ccc42-9156-4f9f-a103-6a8faa33014b

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Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio Oct 02, 2020

Donald Trump and his wife Melania have tested positive for Covid-19 and will start quarantine barely a month before the US presidential election,US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits, and Brussels is suing the UK over plans to violate last year’s Brexit withdrawal agreement. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why Ohio might be the key to the US presidential election.

US personal income falls after lapse of Covid benefits

https://www.ft.com/content/314c74e3-984c-4bde-bb03-8a05622be305

Brussels launches legal action against UK over Brexit deal breach

https://www.ft.com/content/8389cc9c-3ced-47f1-a85e-710ad20468a2

The battle for Ohio: Trump tries to retain edge with working class

https://www.ft.com/content/8d3e2e6f-3f40-4d1c-905f-b2dd416d055d

Biden vs Trump: who is leading the 2020 US election polls?

https://ig.ft.com/us-election-2020/

Playboy returns to public markets through Spac deal

https://www.ft.com/content/d79065d3-b6d4-4991-9033-d48dcc383c68

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Moderna CEO: no vaccine before US election, digitising Japan’s economy, west’s gold investment Oct 01, 2020

Moderna Therapeutics’s chief executive told the Financial Times that the company would not have a vaccine ready before the US election, and Japan adjusts for a digital economy. Plus, the FT’s metals and mining correspondent, Henry Sanderson, explains how western investors’ interest in gold is driving up its price.

Moderna chief says its vaccine won’t be ready before US election

https://www.ft.com/content/9b242ecc-3dce-4534-9171-cdf624468a2a

Japan’s digital leap forward — and about time too

https://www.ft.com/content/5b8c7ee3-2981-4446-92af-6a8499302210

The new gold rush: western investors offset soft eastern demand

https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1

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US presidential debate recap, EY’s Wirecard warning, JPMorgan spoofing settlement Sep 30, 2020

The first presidential debate quickly turned chaotic, and JPMorgan Chase will have to pay $920m in the largest ever spoofing settlement. Plus, the FT’s Olaf Storbeck uncovers that EY was made aware of potential wrongdoing at Wirecard as far back as 2016.

Joe Biden and Donald Trump clash in ill-mannered presidential debate

https://www.ft.com/content/c77fa4ff-3278-4258-9033-8b62adcdbba5

EY whistleblower warned of Wirecard fraud four years before collapse

ft.com/content/3b9afceb-eaeb-4dc6-8a5e-b9bc0b16959d?

JPMorgan to pay $920m in largest-ever spoofing settlement

https://www.ft.com/content/f2c918c2-2659-4513-8851-cc40379d4840

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Monday’s global equity market rebound, US voter suppression, 60/40 portfolio Sep 29, 2020

European stocks lead a global rally on Monday driven by investors scooping up shares in beaten-down sectors, and Donald Trump is beating back allegations of tax avoidance and voter suppression ahead of tonight’s US presidential debate. Plus, the FT’s Michael MacKenzie will explain why investors are rethinking the traditional 60/40 portfolio.

Financials lead global equity market rebound

https://www.ft.com/content/f189b5b1-1e08-4ff1-9994-f1c89d9c1a79

Biden portrays Trump as tax dodger after new revelations

https://www.ft.com/content/68c6f5a0-2080-4f60-8dec-9043a590c838

Investors wonder if the 60/40 portfolio has a future

https://www.ft.com/content/fdb793a4-712e-477f-9a81-7f67aefda21a

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Argentina bonds back in hot water, Swiss immigration vote, Scottish independence Sep 28, 2020

Argentina’s newly restructured dollar bonds have slumped in value less than a month after a deal was finalised to postpone debt payments, and Swiss voters have defeated a nationalist initiative to tear up their free-movement agreement with Brussels. Plus, the FT’s Mure Dickie explains how Scotland’s push for independence is influencing Brexit talks.

Argentina bonds ‘back in hot water’ just weeks after restructuring deal

ft.com/content/fd786d9b-18b4-4ed3-a531-6af3d2eb5c24?

Nicola Sturgeon revives plans for second Scottish independence vote https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43f

Swiss voters reject nationalist proposal to curb immigration

ft.com/content/5a642ce6-1a76-460c-9857-b880b0fb7bc0

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US Supreme Court nomination, Trump will not commit to a peaceful transition of power Sep 25, 2020

The FT’s DC bureau chief Demetri Sevastopulo explains the politics behind Donald Trump’s soon to be revealed Supreme Court justice nominee. Plus, why Donald Trump will not commit to a peaceful transition of power and a preview of next week’s first presidential debate between Trump and Democratic nominee Joe Biden

How Trump’s Supreme Court pick could reshape law on abortion and guns

https://www.ft.com/content/de654768-67f5-482d-893b-24107b45113b

Donald Trump steps up fight over Supreme Court nominee

https://www.ft.com/content/a08b21d4-3745-4aa2-83de-04a06013d026

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EU to crack down on sweetheart corporate tax deals, TikTok injunction, Turkey central bank Sep 24, 2020

Brussels steps up its campaign against sweetheart corporate tax deals in the EU, TikTok has asked a federal judge to prevent the Trump administration from blocking downloads of the video-sharing app, and the pandemic caused workers around the globe to lose more than $3.5tn of income. Plus, Turkey’s lira is struggling despite the government’s best efforts to lift the currency. The FT’s Laura Pitel explains if the country’s central bank can do anything about it.

Brussels ready to clamp down on sweetheart corporate tax deals

ft.com/content/7c156756-57a1-4554-af78-d795a41d13f9?edit=true

TikTok requests injunction against ban deadline

https://www.ft.com/content/e8c5cb67-f16b-4790-8617-f142f4dc013a

Pandemic knocks a tenth off incomes of workers worldwide

https://www.ft.com/content/fabd4737-fa29-45ca-ad62-1b04c71d7b6a

Lira sinks even as Turkey spends billions of dollars to prop it up

https://www.ft.com/content/737b5d1a-64d0-4e2d-8ca1-e7bcd4ff4487

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Advertisers call truce with Facebook, coronavirus job toll, BoE on negative rates in near future Sep 23, 2020

Facebook, YouTube and Twitter have reached a deal with big advertisers on harmful content, the Covid-19 pandemic will destroy at least 100m jobs worldwide this year and the Bank of England rules out negative interest rates in the near future. Plus, the FT’s Brussels bureau chief, Sam Fleming, explains how the European Union is preparing its financial centers once the UK leaves the bloc.

Advertisers strike deal with Facebook and YouTube on harmful content

ft.com/content/d7957f86-760b-468b-88ec-aead6a558902?

Andrew Bailey rules out UK negative rates in near future

https://www.ft.com/content/ecc4a23d-f175-41e9-8f07-852dbe03d062

Brexit and the City: Brussels’ new battle to rival London in finance

https://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9ac

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Stocks dive on Monday, Tiffany gets speedy trial, Tesla’s annual stockholder meeting Sep 22, 2020

Global stocks suffered a heavy hit on Monday in a rush of nerves about potential new Covid-19 lockdowns, and LVMH’s attempt to walk away from its $16.6bn takeover of Tiffany will go to trial in January. Plus, the FT’s Richard Waters will explain what is in store for Tesla’s Battery Day today and whether the car company can fight off the competition.

Global stocks sink on fears of new Covid lockdowns

https://www.ft.com/content/7da536fa-1e96-461c-8172-4aa6c5a8fa8e

Tiffany gets speedy trial over LVMH’s bid to ditch takeover deal

ft.com/content/e7b7f86b-28c7-4cec-a282-7e8dee63e425?

Beyond the market hype: Tesla tries to expand its lead in batteries

https://www.ft.com/content/2e5731a1-c7ac-4f3e-ba0a-d9bae5b7fa67

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UK weighs new lockdown, ECB measures bond buying program, Trump on Chinese tech Sep 21, 2020

Rishi Sunak is set to extend the Treasury’s UK-wide programme of business support loans ahead of what’s expected to be a challenging winter for Covid-19, the European Central Bank has launched a sweeping review of its main pandemic crisis-fighting tool, and Donald Trump has said that the new Oracle-ByteDance partnership will finance a “patriotic” education fund. Plus, the FT’s US energy editor Derek Brower will explain whether the poisoning of Russian activist Alexei Navalny will affect the completion of the Nord Stream 2 pipeline.

Sunak to extend business support loans as Covid-19 spread worsens ft.com/content/dfdff1fd-503a-4231-812f-40be4cc4c2b7?

ECB to review flagship bond-buying tool in fighting Covid crisis

https://www.ft.com/content/8ff55eff-ed3a-49db-b26a-2f49fa7822d4

Doubts surround ‘education fund’ at heart of US TikTok deal

https://www.ft.com/content/4a9bb9aa-45e3-43b2-9759-3313751ffc8b

EU gas groups exposed as pipeline politics threaten Nord Stream 2

https://www.ft.com/content/2c713b40-ae7f-47a7-b050-e91ca0879c8f

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ByteDance pledges TikTok IPO, Mulvaney on Brexit, Biden tries to win with Latino voters Sep 18, 2020

ByteDance has agreed to list TikTok on a US stock market at some point after its proposed partnership deal with American software group Oracle, and Donald Trump ’s special envoy to Northern Ireland has warned against creating a “hard border by accident”. Plus, the FT’s Demetri Sevastopulo explains why Democratic US presidential nominee Joe Biden is struggling with Latino voters.

ByteDance proposes US IPO for TikTok to woo White House

https://www.ft.com/content/8d2c74d6-d742-4fa9-b7cf-5af9bb85af6b

Trump’s Northern Ireland envoy issues border warning

ft.com/content/e71b7301-4b35-4a13-bee2-f9446b438e05

Biden struggles to close enthusiasm gap with Latino voters

ft.com/content/a8d65f78-6656-4ed5-a908-695a8be54f48

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Fed eyes low rates until 2023, Trump calls for stimulus, Snowflake IPO Sep 17, 2020

The Federal Reserve projects no interest rate increases until at least the end of 2023, and US President Donald Trump has urged Senate Republicans to increase the size of their stimulus proposal. Plus, the FT’s Miles Kruppa explains the excitement behind cloud computing company Snowflake's initial public offering.

Fed signals rock-bottom rates until at least end of 2023

https://www.ft.com/content/827302da-4257-4bbc-a0fa-9bc98f65d661

Trump nudges Republicans to increase economic stimulus offer

https://www.ft.com/content/e7228443-36ad-4fe9-aa2c-2d0ddefda12b

Snowflake doubles in first trades after largest-ever software IPO

https://www.ft.com/content/eb8e37c9-b4a5-4b4c-a3cf-2eeac98a8f2b

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TikTok set to become standalone US company, central banks preview, Nikola fights off fraud claims Sep 16, 2020

ByteDance will place TikTok’s global business in a new US-headquartered company with Oracle investing as a minority shareholder, FedEx delivered a forecast-beating fiscal first quarter on the back of strong demand for international shipping, and investors will look to the Federal Reserve’s policy-setting committee today for more detail on the central bank’s new inflation policy. Plus, the FT’s motor industry correspondent, Peter Campbell, explains how truckmaker start-up Nikola is defending itself after a short seller’s report claimed the business was an “intricate fraud”.

TikTok set to become a standalone US company to satisfy White House

https://www.ft.com/content/58eb7c26-2154-477f-af19-19157ae29261

FedEx results deliver as pandemic drives ecommerce boom

https://www.ft.com/content/86e2dc79-e662-3d6f-8252-4ff5fe979fdd#post-54430

US Justice Department inquires into Nikola fraud claims

https://www.ft.com/content/a45a6638-167b-4e27-a9fd-576e7229f959

Germany to take in 2,750 migrants from Greek camps

https://www.ft.com/content/50be2fb8-215e-4780-8ece-3163e9ed0819

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White House reviews TikTok deal, Nvidia’s Arm Holdings deal, VW on ‘Dieselgate’ Sep 15, 2020

The Trump administration will review the “technical partnership” deal struck between Oracle and ByteDance before deciding whether to approve the agreement, Nvidia’s $40bn agreed purchase of Arm Holdings gives the US company control over a technology that powers everything from mobile devices to data centres, and a Volkswagen executive claims scandals such as “Dieselgate” could no longer pass undetected at Volkswagen. Plus, the FT’s venture capital correspondent, Miles Kruppa, explains what the Trump Administration is considering as it reviews the partnership agreement between ByteDance and Oracle.

Trump administration to review Oracle’s TikTok deal this week

https://www.ft.com/content/0ccd4a25-381f-46a7-a9e6-ee12ecf1aa88

Nvidia secures control of key global tech with $40bn Arm deal

https://www.ft.com/content/5bc5d0dc-24cd-407f-9fde-0d38c157d833

Dieselgate could not happen again, VW executive claims

https://www.ft.com/content/777cee39-f811-47d5-9841-5952f9a8bab7?

Carlos Ghosn’s deputy goes on trial in Japan

https://www.ft.com/content/03d8a98b-07b1-4d33-b837-64f065446448?

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SoftBank take-private talks, Netflix to outspend on content, economic stimulus in Germany vs France Sep 14, 2020

SoftBank executives have revived discussions about taking the technology group private, and Netflix is expected to outspend all its major rivals on entertainment content this year. Plus, the FT’s Europe editor, Ben Hall, explains why France and Germany took different approaches to Covid-19 stimulus and why France’s might be considered more of a gamble.

SoftBank executives revive talks on taking Japanese group private

ft.com/content/a83648a9-62fe-41d2-88e4-870fb2665b60?

Netflix to take crown for spending on films and television

ft.com/content/7d66dd4c-440c-44d3-a234-39346fb69a91?

France launches €100bn coronavirus recovery plan

ft.com/content/0921c871-17b5-4e2e-bdea-aab78c2d0090

Germany’s ‘ka-boom’ stimulus marks a surprising change

https://www.ft.com/content/29ddcad4-aa2c-11ea-a766-7c300513fe47

Oracle wins bidding war for TikTok’s US operations

https://www.ft.com/content/4860ec09-212b-45c2-9cc3-27f731816130?

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Brussels threatens UK with legal action, Citi’s new CEO, Japan PM favourite Sep 11, 2020

Brussels has threatened legal action over the UK Brexit treaty breach, and Citigroup will become the first big Wall Street Bank to be run by a female chief executive after appointing Jane Fraser as Mike Corbat’s successor. Plus, the FT’s Tokyo Bureau chief, Robin Harding, will give us a glimpse of what Japan might look like under prime ministerial frontrunner Yoshihide Suga.

Citi becomes first big Wall Street bank to be run by female CEO

https://www.ft.com/content/029264f1-f9a6-44c4-aa3e-86c7d50e3b55

Suganomics’ from A to Z: policies of Japan’s PM frontrunner

https://www.ft.com/content/4741f081-cc97-4a46-bdcf-50cdb6336808

Russian hackers are targeting both US parties, Microsoft says

https://www.ft.com/content/29476d87-0eab-4d2b-b3a6-58e3536807ef

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Wall Street keeps investing in China, ECB to discuss strong euro, LVMH vs Tiffany Sep 10, 2020

Some of Wall Street’s most powerful financial institutions are striking deals in China even as relations sour between Beijing and the US, and the European Central Bank will address the strong euro situation...without using its most effective tool. Plus, the FT’s James Fontanella-Khan on why LVMH says it can no longer complete a $16.6bn deal with US jewelry company, Tiffany.

Wall Street brushes off political tensions to dig deeper into China

https://www.ft.com/content/01f92c8b-11dc-431c-adaf-c299e3964ff1?

ECB will struggle to rein in the euro, say investors

https://www.ft.com/content/5d935f19-9891-48bb-bfbf-482818de8b63

LVMH says it cannot complete Tiffany takeover after France intervenes https://www.ft.com/content/a3dcc777-ab12-4ee9-a147-54de1ac0f7e7

The FT’s New Economic Reality event https://nersciencemarkets.live.ft.com/home?segmentId=dc611fd0-c193-49f1-dc6a-217255a89d6c&utm_campaign=FEEAK

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Apple countersues Epic Games, Slack revenue growth slowdown, Brexit friction Sep 09, 2020

Workplace messaging app Slack forecast a sharp revenue slowdown in the current quarter from the loss of customers due to the economic downturn, Apple has countersued Epic Games and accused it of masquerading as a “modern corporate Robin Hood”, and a look at SoftBank’s role as the “Nasdaq whale”. Plus, the FT’s Peter Foster explains how the UK is in danger of jeopardizing its Brexit withdrawal agreement with the EU.

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How the world has changed six months into the coronavirus pandemic Sep 08, 2020

It has been about six months since coronavirus shook the west. We’ll talk to the FT’s Gillian Tett and Hannah Kuchler about how the pandemic has changed the global economy and the medical industry community in such a short amount of time.

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US tech stocks volatility, Apple’s commits to free speech and human rights policy, US space weapons Sep 04, 2020

The technology stocks that have powered US equities to record highs this summer went into sharp reverse on Thursday, and Apple has for the first time published a human rights policy that commits to respecting “freedom of information and expression”. Plus, the FT’s Katrina Manson will explain why the US military is eyeing a new generation of space weapons.

US shares slide 3.5% as tech stocks go into sharp reverse

https://www.ft.com/content/acbd4efd-e8ef-4d16-bf0c-83fc4df83601

Apple commits to freedom of speech after criticism of China censorship

ft.com/content/a88f5d3d-0102-4616-8b3f-cb0661ba305d?

US military officials eye new generation of space weapons

https://www.ft.com/content/d44aa332-f564-4b4a-89b7-1685e4579e72

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ECB worries about strong euro, DHL warns of vaccine delivery issues, KKR eyes Japan Sep 03, 2020

The euro’s rise has top policymakers at the European Central Bank worried, German logistics giant Deutsche Post DHL has warned that two-thirds of the world’s population is unlikely to have easy access to any Covid-19 vaccine that needs to be kept frozen, and KKR is doubling down on its operations in Japan. Plus, the FT’s Demetri Sevastopulo explains why US president Donald Trump is toning down his rhetoric on US-China trade issues.

Rising euro has ECB worried about falling prices

ft.com/content/c986281c-7154-48ac-939d-50e46d64c0ee?

DHL warns of Covid-19 vaccine delivery problems

ft.com/content/52d40ce8-4f6b-4068-8c48-b98fa0f7740b?

KKR homes in on Japan as cash-strapped companies offload assets

ft.com/content/d59ea8fd-549c-4b0f-b558-e34f53b18f7d?

Why Trump no longer talks about the trade deficit with China

ft.com/content/081e6d25-8d67-4caa-918a-2765a66f0052?

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Investors brace for choppiness ahead of US election, Scottish independence, weak US dollar Sep 02, 2020

Traders ratchet up bets on a particularly turbulent US presidential election and a potentially messy aftermath, Nicola Sturgeon revives plans for a possible second Scottish independence referendum, and black former McDonald’s franchisees are suing the fast-food group over discrimination allegations. Plus, the FT’s economics editor, Chris Giles, explains how a weak US dollar is affecting the global economy.

Investors gird for choppy markets as race for White House heats up

ft.com/content/9ed5be3b-ecfb-4485-a8ff-4b80ee40de5b

Nicola Sturgeon revives plans for second Scottish independence vote

https://www.ft.com/content/0f0ecf40-f30a-482e-9902-d74276bdc43f

McDonald’s accused of discriminating against black franchisees

https://www.ft.com/content/86b89841-4428-4031-9b6d-6341bf6f7cad

Global economy unlikely to benefit from falling dollar

https://www.ft.com/content/83c16626-f617-4bb3-872e-fd6723a36c11

Google and Apple build contact tracing app https://www.ft.com/content/0ed38c49-fafe-4e7b-bd57-44c705ba52f7

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Argentina debt holders greenlight restructuring, Lebanon’s new PM, European contact tracing woes Sep 01, 2020

Argentina has succeeded in restructuring almost all of its $65bn debt with private creditors, global equities enjoy their best August since 1986, and Lebanon appoints Mustapha Adib as the country’s next prime minister as French president Emmanuel Macron visits Beirut. Plus, the FT’s Donato Paolo Mancini explains why Europe’s contact tracing efforts are struggling.

Argentina clinches near-unanimous backing for debt restructuring

ft.com/content/e3e8b783-9455-46f3-946f-15c31a29778b

Global equities complete hottest August since 1986

ft.com/content/b37fc114-57e2-4f5e-b4b4-e373dbcd58cc

Lebanon picks PM as Macron meets celebrated singer Fairuz

https://www.ft.com/content/eea244c3-39f7-4827-876f-46e1e28c7d8b

Europe’s fractured contact tracing linked to post-holiday Covid-19 surge

ft.com/content/86a818bb-a5d7-495c-98c8-6209f019ca71?

United Airlines scraps change fees for domestic tickets

https://www.ft.com/content/a686e554-1e9e-424d-9b6e-0df841f68bb6

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EU’s raw materials warning, Abe replacement, why Wirecard’s auditors failed Aug 31, 2020

The European Commission plans to warn member states that the EU is overly reliant on importing critical raw materials, and Japan is getting ready to pick a new prime minister after Shinzo Abe announced he is resigning. Plus, the FT’s tax and accountancy correspondent, Tabby Kinder, explains why - despite auditors’ promises to change after the Wirecard scandal - things in the industry might stay the same.

EU sounds alarm on critical raw materials shortages

ft.com/content/8f153358-810e-42b3-a529-a5a6d0f2077f?

Japan set for new PM in weeks as Shinzo Abe’s party plans speedy vote

https://www.ft.com/content/343dac7a-8260-46cc-a0b2-a4e37ba595e0

PwC pledges to review fraud detection after Wirecard scandal shakes industry

https://www.ft.com/content/c7dfdff2-e834-434d-aa0c-7876dc04a9a5

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Walmart joins Microsoft in TikTok bid, Fed moves on inflation policy, US athletes sit out games Aug 28, 2020

Walmart is partnering with Microsoft in its bid for the US operations of TikTok, and the Federal Reserve is adopting a new strategy for monetary policy that will be more tolerant of temporary increases in inflation. Plus, the FT’s Sara Germano explains how walkouts by professional US athletes are influencing the conversation about police brutality and racial injustice.

Walmart enters race for TikTok US with Microsoft partnership

https://www.ft.com/content/70551adb-7a6e-47a1-a6d1-070efaa957fd

Fed to tolerate higher inflation in policy shift

https://www.ft.com/content/e1e59faa-5005-4e1c-9d54-b1a8d4de9586

Black athletes boycott US sports leagues as protests escalate after Blake shooting

https://www.ft.com/content/c7bb647a-e5fb-4644-8446-9afb69a8e363

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WHO skips Wuhan, Phil Hogan resigns, Hurricane Laura, Jackson Hole preview Aug 27, 2020

Western governments are concerned that a World Health Organization team investigating the origins of coronavirus did not visit Wuhan, EU trade commissioner Phil Hogan has resigned after a Covid-19 misstep, and Hurricane Laura is expected to wreak havoc on US oil refinery hubs near the Gulf of Mexico. Plus, the FT’s James Politi previews what this year’s all-virtual Jackson Hole central bankers’ symposium will look like.

Fears over virus probe rise after WHO team fails to visit Wuhan

ft.com/content/f9dea077-66fb-4734-9d1d-076dc93568e1?

EU trade commissioner set to resign after furore over Irish dinner

https://www.ft.com/content/f53a2bbc-97d6-484d-92e0-7907759cdd93

Hurricane Laura threatens to bring ‘unsurvivable’ surge to US Gulf

https://www.ft.com/content/86d7cac1-210e-49a9-a3ab-9b7b7bb5d8df

Central bankers face virus hit to global economy at crisis forum

https://www.ft.com/content/269eec67-1145-41b8-b97c-f43b293017fd

Learn more about the FTWeekend Festival here: https://ftweekend.live.ft.com/

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Covid-19 vaccine makers seek protections, US homebuilder stocks rise, Ant IPO Aug 26, 2020

European vaccine makers want EU exemptions that would protect them if there are problems with new Covid-19 vaccines, and low interest rates have helped US homebuilder stocks surge to record highs. Plus, the FT’s James Fontanella-Khan explains why Ant Group chose to list its potentially record setting IPO outside the US.

Covid-19 vaccine makers lobby EU for legal protection

https://www.ft.com/content/12f7da5b-92c8-4050-bcea-e726b75eef4d?

Low rates help propel US homebuilder stocks to record highs

https://www.ft.com/content/9b54ab06-2d57-44a1-85c2-47c114589c22

Ant Group reveals $2.6bn profit as it files for blockbuster IPO

https://www.ft.com/content/b5f6fed2-2dcf-48dc-9097-a49bff5532dc

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India to cut Huawei gear from network, insurers bet on pandemic, US vaccine row Aug 25, 2020

India is phasing out equipment from Huawei and other Chinese companies for its telecoms networks due to an escalating border dispute, investors have quietly poured billions of dollars into insurance companies this year betting on pandemic-driven returns, and there is a brewing debate over who will get first access to a coronavirus vaccine in the US. Plus, the FT’s Washington bureau chief, Demetri Sevastopulo explains how the Republican Party will handle Donald Trump’s legacy.

India moves to cut Huawei gear from telecoms network

ft.com/content/55642551-f6e8-4f9d-b5ba-a12d2fc26ef9?edit=true

Insurers bet that pandemic will usher in era of higher returns

ft.com/content/eda1cdd1-3c0a-4fe5-b41e-173a85da79d8

US braced for political row over who gets first Covid-19 vaccines

ft.com/content/13f40024-46d9-49d5-a1d9-4f5a68e674aa?

US election: a divided Republican party questions Trump legacy

ft.com/content/1521cb7b-44fe-47f3-bdac-92372a8ef129

Note: This episode has been updated. Wisconsin police shot and wounded Jacob Blake on Sunday.

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Trump considers fast-tracking vaccine, dividends fall in pandemic, Neiman Marcus bankruptcy fallout Aug 24, 2020

The Trump administration is considering fast tracking a UK Covid-19vaccine for use in America ahead of the presidential election, and new research shows global dividends have suffered the worst quarterly fall in a decade. Plus, the US editor of the FT’s Lex column, Sujeet Indap, explains why a hedge fund manager is in hot water over the Neiman Marcus bankruptcy case.

Trump considers fast-tracking UK Covid-19 vaccine before US election

https://www.ft.com/content/b053f55b-2a8b-436c-8154-0e93dcdb3c1a

Global dividends suffer worst quarterly fall since 2009

ft.com/content/a136da68-4cc8-489f-9265-a719b11f75e6?

Hedge fund manager admits ‘grave mistake’ in Neiman Marcus battle

https://www.ft.com/content/084ba24b-a96b-4888-9bd4-c80001c0be07

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Huawei’s war, Chinese banks in Hong Kong, and the future of office workers Aug 21, 2020

Huawei employees are becoming increasingly worried about lay-offs after the US announced “death sentence” sanctions, Hong Kong investment bankers employed by Chinese groups are on track to outnumber those in the territory from Wall Street and international banks, and working remotely could lead companies to outsource employees’ jobs.

Huawei employees worry about lay-offs after tougher US sanctions

https://www.ft.com/content/1fccedf5-bf88-45fe-9a39-2ac378571693

Chinese banks’ Hong Kong ranks on track to outnumber global rivals

https://www.ft.com/content/abbbfcec-736c-47ba-b106-b1bdafebd099

If you can do your job anywhere, can anyone do your job?

https://www.ft.com/content/fe5a7907-14b9-4e61-9938-ec3dd9d06831

Uber and Lyft win reprieve to keep operating in California

https://www.ft.com/content/6b28cb8a-da35-4f02-87cd-780984e6a3ad

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Apple hits $2tn, Germany fears zombie companies, Biden goes green Aug 20, 2020

Apple has hit a $2tn market capitalisation just two years after it became the world’s first trillion-dollar company, concern is growing in Germany that a rule introduced as part of the country’s emergency response to coronavirus is fuelling the creation of thousands of so-called zombie groups that could end up sapping the economy for years to come. Plus, as Joe Biden prepares to accept the Democratic nomination for president, he’s putting green energy at the centre of his campaign.

Apple market value hits $2tn

https://www.ft.com/content/ef09a97a-fcea-44d7-a5c0-5dc67becf286

Germany haunted by spectre of zombie companies

https://www.ft.com/content/5d5d1bc1-61a3-46a9-915c-1a1e6f2e5fd2

Biden gambles on placing climate change at heart of US energy policy

https://www.ft.com/content/2ac477e7-34a4-4c0e-b9f4-018cef47d67d

Airbnb files for initial public offering

https://www.ft.com/content/a35a84b1-8177-40de-99d5-ca04d375cd3b

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Oracle considers TikTok, Putin and Belarus, and the rise of “blank-cheque companies” Aug 19, 2020

Oracle has entered the race to acquire TikTok, EU leaders lined up to urge the Vladimir Putin to help steer Belarus out of its political crisis, and the US postmaster-general has reversed course on a series of controversial cost-cutting measures after Democrats claimed that they would hinder postal voting in the presidential election. Plus, a look at why special purpose acquisition companies are on the increase.

Oracle enters race to buy TikTok’s US operations

https://www.ft.com/content/272cfc69-b268-45ac-88d6-d55821f27e78

Putin warns western leaders over ‘meddling’ in Belarus

https://www.ft.com/content/f96fdf91-6826-4af2-923d-ff14947fcd15

US postal service delays cutbacks over election fears

https://www.ft.com/content/2fb59ebf-4e84-4ce6-ab8d-6f1a7dc1a058

Can Spacs shake off their bad reputation?

https://www.ft.com/content/6eb655a2-21f5-4313-b287-964a63dd88b3

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Belarus protests intensify, Robinhood raises more funds, drilling in the Arctic Aug 18, 2020

Alexander Lukashenko, the strongman president of Belarus, fought for his political future on Monday as protesters called on him to “resign”, stock-trading app Robinhood raised new equity that values the company at more than $11bn, and the Trump administration has moved to open part of the Arctic wildlife refuge for oil drilling. Plus, the FT’s Anna Gross on the human and economic toll of climate change.

‘Resign!’ Belarus president booed by striking workers

https://www.ft.com/content/2b5d2e59-d50a-4a21-9708-605b1ddf90b1

Retail trading app Robinhood’s value tops $11bn on new fundraising

https://www.ft.com/content/b208cbbe-579c-4cbf-9358-01ae02b4381b

Trump moves to allow oil drilling in Arctic wildlife refuge

https://www.ft.com/content/58b4228f-15ce-40d2-b9bf-688357045b29

Rise in coastal flooding poses threat to global economy

https://www.ft.com/content/6f8fe212-b2e6-49f4-b6b5-c8143ac5392f

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Democrats probe post office, Italy’s economy shows signs of life, chocolate sales slump Aug 17, 2020

Senior Democrats have called the US postmaster general to testify before Congress amid election fears, pharmaceutical group CureVac has ruled out selling a vaccine at cost, and Italy's businesses enjoy a better than expected rebound from coronavirus. Plus, the FT’s Emiko Terazono on why the decline of travel is bad for the chocolate industry.

Further reading:

Democrats call postal chief to testify in US mail voting row

https://www.ft.com/content/c0128915-ad28-4699-9d5b-9b0a65acaf2b

CureVac vows ‘ethical margin’ on price of Covid-19 vaccine

https://www.ft.com/content/83a418eb-96ae-4b71-b640-6873f315921f

Italy’s businesses enjoy ‘better than expected’ virus rebound

https://www.ft.com/content/73a36f20-bbd4-4d99-a1e9-685788cb9cd9

Choc waves: how coronavirus shook the cocoa market

https://www.ft.com/content/37aa0ac8-e879-4dc2-b751-3eb862b12276

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Israel and UAE peace deal, Trump vows to block postal vote funds, China treads cautiously Aug 14, 2020

Israel and the United Arab Emirates have reached a historic peace deal, Donald Trump has threatened to deprive the US post office of money needed for postal voting in November’s presidential race, and Wells Fargo’s chief compliance officer, Mike Roemer, is leaving after two years of attempting to overhaul the bank’s internal oversight operations. Plus, the FT’s Christian Shepherd explains why China is treading cautiously in the face of US sanctions.

Israel and United Arab Emirates strike historic peace accord

https://www.ft.com/content/2712a625-e2d4-41f3-9ef1-536d0700cbb8

Donald Trump vows to block funding for US postal voting

https://www.ft.com/content/29dedf1b-a86e-4158-a41b-21bfe88585af

Wells Fargo’s chief compliance officer quits in risk overhaul

https://www.ft.com/content/ffeb7a3b-6908-4ea5-a848-841bad14297b

China treads cautiously in the face of US sanctions

https://www.ft.com/content/4084b0fb-6dc0-4090-a778-3e15694cfa1d

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SME’s lose big, UK GDP woes, remembering Sumner Redstone Aug 13, 2020

Small and medium-sized US companies suffered a wipeout in profits in the second quarter amid the Covid-19 crisis, Lyft reported a 61 per cent drop in revenue in the same quarter but says it is seeing signs of a recovery, and Cisco warned of an even bigger drop-off in sales than it has experienced so far during the crisis. Plus, the FT’s Gavin Jackson reports on the UK’s latest GDP data. Then, we look back at the life of media mogul Sumner Redstone.

Lyft clings to signs of recovery after pandemic dents revenue

https://www.ft.com/content/938ea146-2699-4c2d-8511-e634d2d003f8?edit=true

Cisco sales warning raises spectre of broad IT spending decline

https://www.ft.com/content/f737c60e-d632-4eda-9e41-b181c3b5ca04?

Coronavirus makes for a brutal quarter for smaller US companies

https://www.ft.com/content/83d0c41f-be54-48e3-89fe-e78cda5f319c

UK economy suffers worst slump in Europe in second quarter

https://www.ft.com/content/c8b172e2-8f70-4118-9e81-423e9a4b6839

Sumner Redstone, media mogul, 1923-2020

https://www.ft.com/content/2414b9e4-5ef3-4e46-a760-9592f162e914

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Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine Aug 12, 2020

Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock price collapsed, and McDonald’s is suing its former chief executive, Steve Easterbrook, over sexual conduct allegations. Plus, Russia has become the first country to grant regulatory approval to a vaccine against Covid-19. The FT’s Henry Foy explains what this means for the global race to treat coronavirus.

Joe Biden names Kamala Harris as his running mate

https://www.ft.com/content/6b975742-3200-4a5c-902c-e6303f55da03

McDonald’s gets tough with former chief over fresh sexual conduct claims

https://www.ft.com/content/99718ee2-152f-4749-b8d7-db8065a20a39

Kodak board member donated $116m in shares to charity

https://www.ft.com/content/6e7494c4-56cd-4121-8027-ecfc9586958c

Russia to start mass use of its Covid-19 vaccine in coming weeks

https://www.ft.com/content/219b973f-c50a-4071-994f-cc4592d43e1b

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Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic Aug 11, 2020

A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of its annual stress test. Plus, the FT’s Richard Milne explains why any labelling of Sweden’s approach to coronavirus might be an oversimplification.

Uber and Lyft told to treat drivers as employees in California

https://www.ft.com/content/051a319c-e599-4975-90ea-40211b6a1417

Fed denies Goldman’s appeal against stress test results

https://www.ft.com/content/ba208f8d-a388-4fe5-a01b-2cb030bb9a03

Sweden’s pandemic no longer stands out

https://www.ft.com/content/7acfc5b8-d96f-455b-9f36-b70dc850428f?

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Deals resurgence, aid to Beirut, internal pushback at Nike Aug 10, 2020

A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devastated Lebanon’s capital. Plus, the FT’s US sports business correspondent, Sara Germano, explains why a group of employees at Nike have asked management to publicly acknowledge the company’s own internal shortcomings on equality before promoting the ideal to consumers.

Megadeals lead M&A revival as big companies bulk up

ft.com/content/59378fea-79a9-4684-ae03-a41798a6245c?

Future of Lebanon and entire region at stake, warns Macron

https://www.ft.com/content/c44ff8e3-1715-499f-8d0e-6774a3d6b8aa

Black employees at Nike object to company’s new ad

https://www.ft.com/content/e8b4a2e3-e0cf-467a-890b-b64db664778a

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Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok Aug 07, 2020

A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data made public by the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover talks for TikTok.

Appetite for Uber Eats fails to offset ride-sharing collapse

https://www.ft.com/content/0f0cd5f1-f88d-44e1-8b6a-7b50e48118aa

Quicken Loans IPO: mortgage pioneer cashes in a big win

https://www.ft.com/content/4f7e583a-3327-42fd-80cc-81bde2339a9b

How many jobs were saved by the US small business bailout?

https://www.ft.com/content/fd288b21-3391-4881-95a3-6b860c007ec0

TikTok deal tests Microsoft’s decades of China experience

https://www.ft.com/content/b02d5324-07e6-48ac-b658-b8c400d9b4fc

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US lawmakers probe loan to Kodak, Zynga earnings, Biden spending Aug 06, 2020

US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the FT’s Washington correspondent, Lauren Fedor, has some updates on how the campaign of presumptive Democratic presidential nominee Joe Biden is doing.

House Democrats probe $765m government loan to Kodak

ft.com/content/e4ab02ba-f8f7-4ca9-b881-9400ee612e18?

Zynga earnings boosted by lockdown gaming habits

https://www.ft.com/content/dfee19e3-1084-4d53-b522-99b6595281e7?

Joe Biden aims to outspend Donald Trump on TV ads ahead of US election

https://www.ft.com/content/012896c0-71ee-4081-a3a5-8b1ca864b214

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Beirut explosion, ETF gold spree, UK tax authority takes on General Electric Aug 05, 2020

Dozens are dead and thousands injured after an explosion rocked Beirut, an income hit at Disney’s theme park has caused a knock on the company’s profits in the latest quarter, and an exchange traded fund holds more gold than some central banks. Plus, the FT’s Tabby Kinder explains why the UK tax authority, HM Revenue & Customs, is going after General Electric on fraud allegations.

Beirut rocked by massive explosion

https://www.ft.com/content/efb1426f-a80f-4b38-99c1-67a7a0823c4a

ETF becomes one of world’s biggest gold owners as investors flock in

ft.com/content/5316a714-6aa9-4919-ab29-96fab47cf2d4

Disney plans a digital debut for ‘Mulan’

https://www.ft.com/content/e39b07a9-edde-4dd3-9356-31bb11cd39e2

Why the UK tax authority is accusing General Electric of a $1bn fraud https://www.ft.com/content/02a6fa1b-8b62-4e1e-9100-fe620c8ec96c

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Trump reverses on TikTok, WTO candidates on judicial system, oil earnings Aug 04, 2020

US President Donald Trump reversed course and dropped his opposition to Microsoft’s bid for TikTok, two leading candidates to head the World Trade Organization say US legal criticisms over dispute resolution are valid, and foreign aid groups combatting the coronavirus pandemic in North Korea have been forced to borrow money from its government. Plus, the FT's senior energy correspondent, Anjli Raval, tells us how oil companies are surviving the pandemic shock.

Register for the Energy Source talk, “Profit and Power in the Energy Industry”

https://live.ft.com/Events/2020/Profit-and-Power-in-the-Energy-Industry?segmentId=b52e1504-1d03-48a4-76bc-38fb50ada64b&utm_us=JJYAAP

Trump drops opposition to Microsoft bid for TikTok

http://ft.com/content/a1162b60-977d-400c-9758-edc4aa006f72?

Leading WTO candidates back US bid for dispute system reforms

ft.com/content/f4830e2b-df7b-474a-8104-6336992ca193

Aid groups borrow money from N. Korea in coronavirus fight

ft.com/content/057ec3d5-77ba-4db3-a1cc-1b2e60617094?edit=true

Shell and Total escape underlying losses on strong oil trading

https://www.ft.com/content/5df3596c-6b42-4270-85c4-c10834e80975

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US vows action on Chinese tech, William Spriggs on US labour market Aug 03, 2020

The Trump administration has vowed to “take action” against Chinese software companies that it perceives as a risk to security. Plus, William Spriggs, a professor of economics at Howard University and chief economist of the AFL-CIO, explains how the pandemic is changing the US labour market.

US to widen action against Chinese tech groups beyond TikTok

https://www.ft.com/content/2eb1859f-ea08-4c7e-9bdd-a6712389a389

The Rachman Review: US economist William Spriggs on scars of the pandemic

https://www.ft.com/content/f80f8629-a84f-4ed8-abc2-bcf12cc92095

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US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks Jul 31, 2020

Facebook, Amazon, and Apple all reported stellar revenue increases in the latest quarter. The FT’s Richard Waters will explain what that means in the context of Wednesday’s US congressional big tech antitrust hearings. Then, FT US markets reporter Colby Smith will explain investor reaction to the worst contraction in the US economy in postwar history. Plus, corporate America is still clinging on to share buybacks despite the global recession.

Register for the Energy Source talk, “Profit and Power in the Energy Industry”

https://live.ft.com/Events/2020/Profit-and-Power-in-the-Energy-Industry?segmentId=b52e1504-1d03-48a4-76bc-38fb50ada64b&utm_us=JJYAAP

Apple revenues defy expectations despite store closures

https://www.ft.com/content/20d1ef26-2bf4-4900-85b2-08ef7c6d1ae1

US economy suffers sharpest postwar contraction in second quarter

https://www.ft.com/content/3ff15dc7-be90-4676-8121-5a868016c4bb

US companies cling to share buybacks despite collapse in profits

ft.com/content/1c924be0-5bc0-4eba-a088-b98b13080c04?

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Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal Jul 30, 2020

American lawmakers grill the chief executives of four US tech groups over unfair competition accusations, Qualcomm shares soared to a record high after the California chipmaker announced a royalty deal with Huawei on Wednesday, and the Federal Reserve extends measures to deal with the risk of an international shortage of dollars. Plus the FT’s opinion and analysis editor, Brooke Masters, explains how Goldman Sachs walked away from the 1MDB scandal relatively unscathed.

Big Tech bosses told they have ‘too much power’

https://www.ft.com/content/7c291a12-b87c-42a6-bd35-be961693c3e7

Qualcomm shares surge on Huawei deal and 5G progress

https://www.ft.com/content/0d266436-3377-49bb-867b-266939240685

Fed warns virus resurgence threatens economic recovery

https://www.ft.com/content/938a5387-778d-4f9e-8aed-53d2a332c7af

Goldman has done it again with its Malaysia deal

https://www.ft.com/content/03d5f3c8-3d0c-4afb-b3c5-3c5ed1c7cfe6

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Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending Jul 29, 2020

Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, the Federal Reserve has announced that it will extend emergency lending facilities, the European Central Bank has called on eurozone banks to continue to freeze dividend payments and Europe is bracing for another surge in coronavirus cases. Plus, the heads of Amazon, Apple, Alphabet and Facebook are set to appear together before Congress for the first time. The FT’s Lauren Fedor will explain what might come out of this hearing.

Big tech goes to Washington

https://www.ft.com/content/3e26d31f-9cff-4b3b-a971-02e16996c190

Moderna pitches virus vaccine at around $50-$60 per course

https://www.ft.com/content/405c0d07-d15a-4f5b-8a77-3c2fbd5d4c1c

Europe battles to contain surge in Covid-19 cases

ft.com/content/bcddc297-b7f2-444d-908f-54e8ce6f4f98?

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Investors fear US virus toll, MLB virus scare, European bank earnings Jul 28, 2020

Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball contends with a fresh coronavirus outbreak. Plus, the FT’s banking editor, Stephen Morris, will explain what lies ahead for European banks when it comes to loan losses and dividends.

Republicans unveil $1tn stimulus plan cutting jobless benefits

https://www.ft.com/content/3c6d86e9-93b4-41af-9803-046940cedf99?

Dollar sinks to two-year low on concern over US virus toll

https://www.ft.com/content/9d9fa97c-154f-46fb-affd-51f45a0de08a

US baseball league postpones games after outbreak hits Miami team

https://www.ft.com/content/12b00810-5b8c-4df0-b22d-cabe898770a3

Banks across Europe braced for further heavy loan-loss charges

https://www.ft.com/content/d42d735a-9aa3-454e-955a-3e0b22eda03d

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Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks Jul 27, 2020

Republicans are set to unveil their proposals for a fresh round of stimulus today, US oil companies have increased production following the price crash earlier in the year, and a surge in coronavirus cases have forced countries to curb European travel. Plus, the FT’s political editor, George Parker, will have an update on the progress of future relationship talks between the UK and EU.

Republicans prepare to unveil latest US stimulus offer

ft.com/content/3ced1ea5-6070-46ee-a946-dc18ad212bf7

US oil production wells up after Covid price crash

https://www.ft.com/content/9552bb8b-c23a-458d-b476-bbbbe4163bd2

Infection surges force countries to curb European travel

https://www.ft.com/content/584ee262-d539-40ca-b145-e42865f2bc6b

Michel Barnier warns ‘no progress’ made on key issues in Brexit talks

https://www.ft.com/content/14e6c44f-5573-46c1-8f4c-224747562c42

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Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls Jul 24, 2020

Goldman Sachs is pointing to its strong second quarter results in a pitch to the Federal Reserve for relief on its capital requirements, Intel shares dropped after the company said it was pushing back the launch of its next generation of chips, and as US lawmakers wrangle over the next economic stimulus package the US jobs recovery appears to be stalling. Plus, the search for oil can cost hundreds of millions of dollars. The FT’s senior energy correspondent, Anjli Raval, explains why the industry is scaling back.

Goldman touts ‘countercyclical’ trading in pitch for capital relief

ft.com/content/91b19416-6f3b-4e67-a309-857a61c6d494?

US labour market recovery appears to stall amid stimulus talks

https://www.ft.com/content/c9290574-ceef-4638-baf1-d27323992129

Intel warns of delays to next generation chips

ft.com/content/29e02e4f-df7f-49d7-8f94-00a5af481909?

The last frontier: oil industry scales back exploration

https://www.ft.com/content/85afd43a-cb3d-4e82-88b7-1f3a77dc2acb

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Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested Jul 23, 2020

Tesla reported its fourth consecutive quarterly net profit on Wednesday, the fissure between the US and China continues to deepen with Washington ordering Beijing to shut its consulate in Houston over spying concerns, a group of US tech investors has launched an ambitious plan to buy TikTok from its Chinese parent company, ByteDance, and Wirecard’s former chief executive has been rearrested and accused of committing a long-running fraud.

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UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns Jul 22, 2020

The British government has abandoned hopes of reaching a US-UK trade deal ahead of this autumn’s American presidential election, and Donald Trump told reporters the pandemic in the US will “get worse before it gets better”. Plus, the FT’s Latin America editor, Michael Stott, will explain why the region might be headed for another debt crisis.

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EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted Jul 21, 2020

EU leaders are closing in on a deal for a landmark coronavirus recovery package, the largest laboratory company in the US, Quest Diagnostics, has warned it will be impossible to increase coronavirus testing capacity in the event of a second wave in the autumn, and European banks are facing as much as €800bn in loan losses over the next three years as a result of the coronavirus crisis. Plus, the FT’s James Politi will explain why the US economic recovery from coronavirus was so short-lived and whether it will gather pace again.

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Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble Jul 20, 2020

EU leaders spent the weekend locked in marathon summit talks over Europe’s proposed €750bn response to the coronavirus pandemic, and Albert Fernández, Argentina’s president, has made an impassioned appeal for the world to accept that he cannot budge from his final offer to restructure $65bn of foreign debt. Plus, the US is considering an effective ban on TikTok, the popular social media platform. The FT’s Beijing Bureau chief, Yuan Yang, will explain.

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US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack Jul 17, 2020

The US is considering putting TikTok on a blacklist that would effectively prevent Americans from using the popular video app, Netflix warns investors that its pandemic related growth spurt is waning, and the FBI and New York state launch investigations into Wednesday’s unprecedented hack of Twitter. Plus, the FT’s Dan Dombey explains how Spain is still struggling with its coronavirus recovery, and why so much of the country’s future hinges on the proposed EU recovery fund.

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Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes Jul 16, 2020

Twitter experienced an unprecedented hack on Wednesday when bitcoin scammers sent a series of tweets from hundreds of accounts, Opec and Russia move to start unwinding the record oil supply cuts agreed earlier this year, and the US has threatened to impose sanctions on any companies helping Russia to build the Nord Stream 2 gas pipeline. Plus, the EU’s second-highest court rejected a European Commission order for Apple to pay back more than 14 billion euros in taxes to Ireland. The FT’s Javier Espinoza will have more on what this means for the EU as it tries to crack down on low-tax countries.

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US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses Jul 15, 2020

President Donald Trump signed legislation on Tuesday that gives his administration more power to impose sanctions on Chinese officials, the Trump administration reversed its rule that international students would have to return home if they are attending universities with online-only classes, Moderna’s potential Covid-19 vaccine produced immune responses in patients in the early stage trial, and technology groups are refusing a data sharing proposal with Hong Kong regulators. Plus, the FT’s US banking editor, Laura Noonan, examines why three of America’s biggest banks set aside a combined $28bn for current and future loan losses.

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EU to go after low-tax countries, California rolls back reopening plans, European summer tourism Jul 14, 2020

Brussels is planning to pursue low-tax member states over their advantageous corporate tax regimes, California is rolling back its reopening effort due to a surge in Covid-19 cases, and US technology groups and a group of state attorneys-general are joining the battle against a Trump administration rule that requires foreign students to return home if universities move to online-only courses. Plus, the FT’s leisure industries reporter Alice Hancock will explain what is becoming of the businesses reliant on European summer tourism in light of the pandemic.

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UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning Jul 13, 2020

Boris Johnson is set to unveil plans this week to phase Huawei out of the UK’s 5G mobile phone networks, WeWork’s executive chairman tells the Financial Times that the company is on track to have positive cash flow in 2021, and the new head of the US Office of the Comptroller of the Currency warns banks about using coronavirus as cover to shut branches or to win permanent concessions from regulators. Plus, the FT’s US banking editor, Laura Noonan, tells us what to expect when Wall Street banks report quarterly earnings this week.

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Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny Jul 10, 2020

US and European banks in Hong Kong are conducting emergency audits of their clients to identify officials and corporates that could face possible US sanctions over the new national security law, the FT reports that Wirecard executive Jan Marsalek touted secret documents about the use of a Russian chemical weapon in the UK as he bragged of ties to intelligence services to ingratiate himself with London traders, and coronavirus has spurred a global bicycle shortage. Plus, the FT’s consumer industries reporter Patricia Nilsson will explain how allegations of worker mistreatment brought on an investigation of online retailer Boohoo.

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Interview with Christine Lagarde, UK business reacts to Sunak’s plan, US hits 3m Covid-19 cases Jul 09, 2020

In an interview with the FT, European Central Bank president Christine Lagarde said that “women are the first victims” of events such as a pandemic and discussed the steps towards recovery. Plus, UK business leaders say that millions of jobs in some of the hardest hit sectors are still at risk despite chancellor Rishi Sunak’s £30bn jobs plan, and the US hits 3m confirmed coronavirus cases.

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Trump withdrawing from WHO, Italian mafia bonds, US offshore wind power Jul 08, 2020

The US has begun the process of leaving the World Health Organization,the FT reports that international investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia group, and US investment in offshore wind power is predicted to rise to a level that nearly matches spending on offshore oil drilling this decade. Plus, the FT’s Claire Bushey will explain how coronavirus has triggered a conversation on the treatment and compensation of low-wage workers.

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Social media groups block HK authorities, PPP loans, day trading dangers Jul 07, 2020

Facebook, Google and Twitter have all said they would temporarily block Hong Kong’s authorities from accessing user data despite threats from the government, the US claims its small business bailout programme has kept 51.1 million people in work during the pandemic, and foreign students at US universities and schools will no longer be eligible to stay in the country if their courses move fully online due to coronavirus. Plus, the FT’s Eric Platt will report on the dangers associated with day trading.

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Repairing the social and economic damage brought by the pandemic Jul 06, 2020

Covid-19 has been a global shock. But will it be a transformative one? In this special edition of the FT News Briefing, the FT’s chief economics commentator, Martin Wolf, explains why the global free market era might soon be coming to an end for western democracies, and why he thinks politics, society and the economy should now revolve around the idea of citizenship.

Read Martin Wolf’s essay at FT.com/BigRead.

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UK wants final say on Virgin-O2 deal, retail goes digital in pandemic, US jobs Jul 03, 2020

The UK’s Competition and Markets Authority is set to ask Brussels for full control over the review of the proposed £31bn merger between Virgin Media and O2, US consumers are expected to spend $710bn online in 2020, and American Airlines says it could have over 20,000 front-line employees more than it needs this autumn to operate its reduced flying schedule. Plus, the unemployment rate for black Americans remained higher in June than for all other groups. Economist Valerie Wilson explains why black workers are being disproportionately affected by coronavirus and what policy measures might help.

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July 4 virus spread concerns, EU looks into Google Fitbit deal, Hong Kong under new national security law Jul 02, 2020

US public health experts are warning of a heightened risk of coronavirus transmission during US Independence Day celebrations, EU regulators are asking more questions about Google’s proposed $2.1bn takeover of fitness tracker Fitbit, and the FT’s James Kynge explains how China’s national security law affects both Hong Kongers and foreigners living in the territory. Plus, the FT’s Judith Evans explains why consumers are changing their attitudes towards single-use plastic in the pandemic.

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Dealmaking down, UK business warns on Brexit trade talks, Wirecard’s real business Jul 01, 2020

Coronavirus has brought an end to one of the longest waves in mergers and acquisitions history, more than 100 UK company chiefs, entrepreneurs and business groups have written to Boris Johnson warning about the economic damage of a no-deal Brexit, and the FT has revealed that German payments company Wirecard relied on a small number of customers for the majority of its genuine sales according to an internal document. Plus, the FT’s Hannah Murphy looks at whether the advertising revolt against social media and hate speech policy will have a lasting effect.

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Wall Street banks net record fees, Johnson channels FDR, remdesivir cost Jun 30, 2020

Wall Street investment banks brought in a record amount of fees for fundraisings in the first six months of 2020 amid coronavirus, UK prime minister Boris Johnson plans to announce £5bn of infrastructure projects today, and Gilead Sciences has said it will charge governments $2,340 for a 5-day course of its coronavirus treatment, remdesivir. Plus, the FT’s Primrose Riordan explains why investors, economists, and analysts are growing concerned over China’s national security law in Hong Kong.

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Chesapeake files for bankruptcy, Facebook ad boycott, Singapore’s new corporate structure Jun 29, 2020

American shale pioneer Chesapeake Energy has filed for Chapter 11 bankruptcy, and dozens of brands are cancelling advertising on Facebook over the social media company’s handling of hate speech. Plus, Singapore is luring hedge funds and investors away from other low tax jurisdictions with a new corporate structure. The FT’s Stefania Palma explains how the country is trying to make itself Asia’s leading financial centre.

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Wirecard insolvency, Brussels to probe German regulator, Federal Reserve bans buybacks Jun 26, 2020

Wirecard filed for insolvency on Thursday, days after the German payments group revealed a multiyear fraud that led to the arrest of its former chief executive. The FT’s Dan McCrum has been following Wirecard for the past five years and will upack the company’s current position. Plus, the Federal Reserve has capped dividends and banned share buybacks by big US banks in an attempt to strengthen the financial system in the pandemic.

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New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement Jun 25, 2020

Global markets dropped on Wednesday as rising Covid-19 cases fuelled fears that the virus could derail an economic recovery, US airlines increased the size of their debt and equity fundraisings this week to nearly $10bn after receiving a warm welcome from investors, and Bayer will pay up to $10.9bn to settle a wave of lawsuits over the potential carcinogenic effects of its herbicide product Roundup. Plus, the FT’s currencies correspondent, Eva Szalay, explains why analysts at Bank of America say the British pound is an emerging-market currency in all but name.

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Ex-Wirecard CEO arrested, Trump scales back environmental rules, the new bond monarch Jun 24, 2020

Wirecard’s founder Markus Braun was arrested on suspicion of false accounting and market manipulation, and the Trump administration has eased Obama-era environmental rules during the pandemic. Plus, the FT’s global finance correspondent, Robin Wigglesworth, will explain why some investors say the Federal Reserve and other central banks have in practice nationalised the bond market with their coronavirus measures.

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Trump expands US immigration restrictions, Apple pivots away from Intel, inside Wirecard Jun 23, 2020

Donald Trump is set to extend a suspension of immigration into the US imposed in response to the coronavirus pandemic, and Apple is planning to transition away from Intel chips to an in-house design for processors. Plus, last week Wirecard warned that €1.9bn was missing from its accounts. It confirms reporting by the Financial Times, which has been investigating fraud suspicions at the German payments group. The FT’s investigations editor, Paul Murphy, will unpack the difficulties in reporting the story and the eventual downfall of the company.

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Brexit optimism, coronavirus hits Senegal oil projects, targeting black unemployment in the US Jun 22, 2020

Boris Johnson will hammer out a new plan with senior ministers this week aimed at unblocking talks on Britain’s future relationship with the EU, and the delay of oil and gas projects in Senegal signals the aftershocks from the coronavirus crisis are even hurting economies that have avoided the worst of the pandemic itself. Plus, some economists have suggested the Federal Reserve could target the black unemployment rate in its monetary policy as a means of addressing income inequality in the US. One such advocate, Janelle Jones of the Groundwork Collaborative, unpacks her proposal.

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The inside story of a disgraced drugmaker Jun 19, 2020

Executives from drugmaker Insys were the first from the pharmaceutical sector to be handed prison time for their role in America’s opioid epidemic earlier this year. The FT and the PBS series Frontline have investigated why the warning signs around the company were ignored for so long. FT pharmaceutical correspondent Hannah Kuchler tells Marc Filippino what they uncovered.

Read the story at ft.com/insys.

The PBS Frontline documentary, Opioids, Inc. is available for streaming online at PBS.org beginning Friday June 19, and will premiere on American PBS stations on Tuesday, June 23. For more information visit: https://www.pbs.org/wgbh/frontline/film/opioids-inc/.

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US backs out of tech tax talks, PE’s spending spree, Hertz halts share sale Jun 18, 2020

The US has suspended talks with European countries on a new global tax framework for technology companies, private equity groups in the US have been on a spending spree despite worldwide lockdowns due to the pandemic, and the bankrupt car rental company Hertz halted its controversial $500m share sale. Plus, the FT’s Seoul bureau chief Edward White explains how Donald Trump’s transactional approach to foreign policy is affecting America’s relationships with Asian countries.

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Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform Jun 17, 2020

Wall Street rallied on expectations of new aid for the US economy from the federal government and central bank, while Royalty Pharma pulled off the biggest US listing of 2020. Plus, protesters are calling to defund police departments in the wake of George Floyd’s death. Alex Vitale, a sociology professor at Brooklyn College, explains what this might look like in practice.

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LGBTQ rights at work, EU unemployment, oil’s transition to cleaner energy Jun 16, 2020

The US Supreme Court ruled on Monday that LGBTQ workers are protected by federal civil rights laws in a landmark anti-discrimination decision, and Europe’s young workers are among the hardest hit by a frozen labour market. Plus, the FT’s senior energy correspondent, Anjli Raval, explains why coronavirus has big oil companies, such as BP, pivoting towards clean energy.

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SoftBank financing, White House on unemployment benefits, French industry Jun 15, 2020

SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Vision Fund, the White House is opposed to extending coronavirus-related federal unemployment payments because it believes the measure created a “disincentive” to work, and China is bracing for a second wave of coronavirus. Plus, the FT’s David Keohane reports on France’s efforts to save its aerospace industry.

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Investors fear new Covid-19 wave, UK in border check U-turn, HSBC pressure Jun 12, 2020

Investors in US and European equities were rattled on Thursday after the Federal Reserve’s dire assessment of the US economy and fresh concerns of an uptick in coronavirus cases, and the British government has abandoned its plan to introduce full border checks with the EU on January 1. Plus, the FT’s banking editor, Stephen Morris, unpacks the pressure HSBC is under after backing China’s Hong Kong national security law.

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Fed predicts no rate increase until 2022, Brazil vs Covid-19, Bumper CEO stock awards Jun 11, 2020

First, the FT’s Colby Smith explains why the Federal Reserve is predicting that it would keep interest rates close to zero until at least the end of 2022. Then, the FT’s Brazil bureau chief Bryan Harris examines how the country is handling the coronavirus pandemic. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson explains how company leaders have been awarded generous stock options that could more than make up for their temporary pandemic-related pay cuts.

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Brexit and the EU’s recovery, Vroom’s strong IPO, Fed’s forecast Jun 10, 2020

EU member states are urging Brussels to account for the shock of a hard Brexit in its coronavirus recovery plans, a former Goldman Sachs banker has avoided prison time for his role in a global insider trading ring, and US online car sales company Vroom more than doubled its price on the first day of trading as investors showed strong demand for newly listed stocks. Plus, the Federal Reserve is releasing its first economic forecast in six months. The FT’s James Politi explains what the US central bank could signal about the next stage of their recession response.

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US stocks surge despite gloomy forecast, US police reform bill, oil industry’s cautious optimism Jun 09, 2020

The US stock market has erased all of its losses from 2020, the World Bank has forecast that emerging economies will shrink for the first time in 60 years, and US Congressional Democrats have responded to protests against police brutality by proposing a bill to reform police practices. Plus, the FT’s Anjli Raval will explain the cautiously optimistic moves from the oil market.

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Black Lives Matter protests go global, doubts over US jobs data Jun 08, 2020

US civil rights groups have received a surge of corporate donations since Minneapolis police killed George Floyd, the head of Fidelity International has warned that asset managers will struggle to provide enough cash to keep businesses afloat, and global trade is under threat with up to 400,000 crew stranded either at sea or at home due to Covid-19. Plus, the FT’s James Politi explains why the US Bureau of Labor Statistics is having a hard time pinning down the country’s actual unemployment rate.

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Grantham sells stocks, ECB buys bonds, ESG vows in a pandemic Jun 05, 2020

Veteran market strategist Jeremy Grantham has cut back his holdings in global stocks. The FT’s Andrew Edgecliffe-Johnson recounts his conversation with the Boston fund manager. And, Frankfurt bureau chief Martin Arnold walks through the latest moves from the European Central Bank. Plus, the FT’s Attracta Mooney explains why wealth managers believe that investment with a sustainable focus will likely grow beyond the coronavirus pandemic.

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Pentagon chief breaks with Trump, hydroxychloroquine, Warner Music IPO Jun 04, 2020

US defence secretary Mark Esper breaks with Donald Trump on sending the army to clamp down on protests, and his predecessor James Mattis joins the president’s critics. The FT’s Katrina Manson explains why the rift is so significant. Plus, a study casts doubt on whether taking hydroxychloroquine is an effective treatment for Covid-19, and Warner Music scored the biggest US IPO of 2020 on Wednesday.

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Companies react to protests, fear of Covid spike, Zoom’s surge Jun 03, 2020

Many companies and chief executives have expressed solidarity with protests over the police killings of George Floyd and other black men and women. The FT’s Andrew Edgecliffe-Johnson explains what is different this time round. Plus, public health experts fear the demonstrations will hasten the spread of Covid-19, and Zoom has emerged as one of the biggest corporate winners from the pandemic.

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Trump vows to deploy military to US streets Jun 02, 2020

President Donald Trump threatened to send US soldiers on to American streets to tackle the most widespread unrest the country has seen in decades, following the killing of George Floyd by police. Meanwhile, Mark Zuckerberg is facing a backlash within Facebook over his stance on controversial posts by the US president related to the protests.

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US protestors demonstrate against police violence, EU recovery, US pensions Jun 01, 2020

Protests swept across US cities over the weekend as demonstrators responded to the death of George Floyd, another black man who died by police brutality. The FT’s Claire Bushey and Lauren Fedor explain what has been happening at the local and federal levels. Plus, the European Union budget commissioner is calling on member states to back new taxes to help fund the coronavirus recovery, and how seven US public pension plans risk running out of money by 2028.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Trump’s social media order, UK opens door to Hong Kong residents, AstraZeneca’s transformation May 29, 2020

Donald Trump said he had ordered a wide-ranging review of the law that grants social media companies immunity from legal action for content on their platforms, and the UK government has opened a path to citizenship for more than 300,000 Hong Kong residents in response to China's security crackdown. Plus, the FT’s industry editor, Peggy Hollinger, unpacks the turnround that propelled pharmaceutical group AstraZeneca to the industry’s front ranks.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Pressure on Hong Kong finance, Boeing’s resumes 737 Max production, EU’s €750bn plan May 28, 2020

Boeing said it will resume production of the troubled 737 Max, just hours after announcing plans to dismiss more than 12,000 US workers. Meanwhile, Brussels has unveiled a plan to borrow €750bn to bankroll recovery efforts after the coronavirus crisis. Now it faces a critical few weeks for corralling member states to back the plan. Plus, the US will no longer consider Hong Kong autonomous from China. The FT’s US managing editor, Peter Spiegel, explains what this could mean for the global financial hub.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Investors eye recovery, $1tn in corporate borrowing, SpaceX test flight May 27, 2020

Hopes of a quick economic recovery gave global stocks a lift on Tuesday. The FT’s Philip Stafford explains whether that optimism can be sustained. Then, a look at the highly rated companies, including Disney, Apple and ExxonMobil, that have borrowed a trillion dollars in the first five months of this year. Plus, Elon Musk’s SpaceX will send two Nasa astronauts to space today. The FT’s West Coast Editor, Richard Waters, will explain what this means for commercial ambitions in the final frontier.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Japan’s birth rate, contact tracing in India May 26, 2020

Japanese couples are putting off parenthood over coronavirus concerns. The FT’s Tokyo correspondent, Kana Inagaki, explains what this means for a country already suffering from population decline. Plus, countries around the world are aiming to roll out contact-tracing apps as they seek to reopen economies. The FT’s South Asia correspondent, Stephanie Findlay, reports on India’s mandatory system.

Update: India’s contact-tracing policy has been loosened since our interview with Stephanie Findlay was recorded. Since then, India has issued clarifications saying that the Aarogya Setu app is not mandatory for plane travel, but passengers will have to fill out a declaration form when boarding a plane.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Beijing’s legal force on Hong Kong, US retail, the future of higher education May 22, 2020

The Chinese government is preparing to impose national security legislation on Hong Kong, and sales surged at the US retailers deemed “essential” by local authorities in the first quarter. Plus, the business of higher education is under threat because of coronavirus. The FT’s Andrew Jack explains.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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CDC director warns of second coronavirus flare-up, threat to mortgage-backed bonds May 21, 2020

Robert Redfield, the director of the Centers for Disease Control and Prevention warns that the rapid spread of coronavirus in the southern hemisphere suggests it is likely to flare up in the US later this year. Then, the biggest shopping mall in America has fallen behind on mortgage payments that help underpin the $500bn mortgage-backed bond market. Plus, the FT’s Stephanie Findlay will explain how India’s pharma and chemical groups are jostling to take business from China.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future May 20, 2020

Facebook has unveiled a shopping service that puts it in direct competition with Amazon and eBay, and a €500bn EU recovery fund put forward by Germany and France is facing some resistance. Plus, SoftBank announced a record $13bn annual loss earlier this week. The FT’s Tokyo correspondent, Kana Inagaki, explains what is next for founder Masayoshi Son.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Moderna vaccine trial pleases investors, EBITDAC backlash, Huawei sanctions May 19, 2020

Positive results from the first US Covid-19 trial raised investors’ hopes of an economic rebound, Chinese self-driving car start-ups have been accelerating pilot projects as US rivals sit idle, and bond investors have hit out at the growing trend of companies reporting “earnings before coronavirus”. Plus, the FT’s Kiran Stacey explains what the latest US sanctions against Huawei mean for the Chinese telecoms company’s survival.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f.

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Powell on US recovery, Nomura to boost private market focus, Taiwan travel scheme May 18, 2020

Federal Reserve chair Jay Powell has warned that the US economy may not “fully recover” until the end of 2021, Japan’s oldest brokerage firm, Nomura, is poised to unveil a new strategic focus on private markets, and the Taiwanese government and Stanford University are preparing a quarantine and testing regime for foreign travellers. Plus, the FT’s June Yoon explains how the hopeful era for South Korea’s film industry has been disrupted by the pandemic.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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The race for a vaccine, the story behind EBITDAC, BoE’s Bailey May 15, 2020

The hunt for a coronavirus vaccine is central to global efforts to restart economies. The FT’s US coronavirus correspondent, David Crow, explains how nationalism could slow the fight against the pandemic. Plus, some companies are presenting a new customised metric they are calling ebitdac: earnings before interest, tax, depreciation, amortisation — and coronavirus. The FT’s markets reporter, Nikou Asgari, looks into whether it will stick. Then, the governor of the Bank of England, Andrew Bailey on the central bank’s response to the crisis.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

You can watch the full Andrew Bailey interview from The FT’s Global Boardroom eventhere.

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Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability May 14, 2020

Federal Reserve chair Jay Powell said on Wednesday that additional fiscal stimulus may be “worth it” to shield the US economy from long-term economic damage due to the pandemic, meanwhile, OECD secretary-general Angel Gurría warned that rising debt levels would “come back to haunt us”. Plus, BMW is facing criticism for plans to make a dividend payout to shareholders despite requesting subsidies from the German government. Then, collateralised loan obligations, or CLOs, have boomed over the past decade. The FT’s capital markets correspondent, Rob Smith, explains why they could be vulnerable during the recession.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

You can watch the full Angel Gurría interview from The FT’s Global Boardroom eventhere.

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Global economic outlook worsening, dealmaking in the pandemic, looming EM debt crisis May 13, 2020

The global economic outlook is still worsening, according to IMF managing director Kristalina Georgieva. Plus, the FT’s corporate finance and deals editor, Arash Massoudi, reports on the latest deal to collapse amid the pandemic and the FT’s Colby Smith explains why the looming emerging markets debt crisis is expected to be messy.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Flaw in mass testing, BP chief weighs in on oil, rental car groups under pressure May 12, 2020

The head of anItalian biotech company that sells Covid-19 diagnostic and antibody tests told the FT that demand far exceeded supply as countries put mass testing at the centre of plans to ease lockdowns, BP’s new chief executive, Bernard Looney, said the coronavirus hit to crude consumption was likely to endure beyond the pandemic, and, as coronavirus takes a devastating toll on senior living homes, investors are being forced to recognise they are more than mere landlords. Plus, the FT’s motor industry correspondent, Peter Campbell, explains why fewer bookings is not the only reason rental car companies are hurting.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil May 11, 2020

UK airlines demanded “urgent additional government support” on Sunday warning that Boris Johnson’s plans to introduce a 14-day quarantine for people arriving in the UK by air will exacerbate the crisis facing the sector. Plus, US businesses resuming operations after coronavirus lockdowns are confronting uncertain legal terrain over whether they are required to pay workers for time spent on health checks, and WeWork’s move to skip rent payments and renegotiate hundreds of its leases is rippling into the commercial mortgage market. Then, renewable energy is one of the few sectors that has managed to weather the devastating effects of coronavirus, with new deals and new records being struck, even while the rest of the world has been grappling with the pandemic. The FT’s environment and clean energy correspondent, Leslie Hook, explains.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Food delivery boosts Uber sales, US jobs preview, the fashion industry under lockdown May 08, 2020

Uber reported stronger than expected first-quarter revenues on Thursday thanks to a surge in food delivery; India’s richest man, Mukesh Ambani, has sold a stake in his digital services group Reliance Jio for a third time in three weeks. Plus, we will look at what to expect from the US jobs report for April. Then, without runways or retail, how is the fashion industry faring under lockdown? The FT’s fashion editor, Lauren Indvik, will explain.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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You might also be interested in a three-day digital conference hosted by the Financial Times. On 12-14 May, the FT will gather the most senior global decision makers and leading minds in policy, business, tech and finance for three days of online conversations with our top journalists – it's also free to join. Find out more at: https://globalboardroom.ft.com/

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US-China trade, ECB to resist pressure from German court, Airbnb’s outlook May 07, 2020

Donald Trump is weighing up more aggressive economic measures against China, The European Central Bank is expected to resist recent pressure from Germany’s constitutional court over its bond-buying programme, and first-quarter results from Lyftshowed promising signals for the company’s target of profitability until the disruption of the coronavirus pandemic. Plus, Airbnb was expected to make its stock market debut this year. The FT’s San Francisco correspondent, Dave Lee, will tell us how it is thinking about the future as the travel industry deals with the upheaval from the virus.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Disney’s $1.4bn hit, Beyond Meat boost, ECB called to justify bond-buying programme May 06, 2020

Disney estimates that the coronavirus crisis wiped as much as $1.4bn from its quarterly operating profit, while Beyond Meat gears up for the price of its plant-based burgers to compete directly with real beef at the supermarket, and Germany’s constitutional court has called on the European Central Bank to justify its bond-buying programme. Plus, the FT’s global business columnist, Rana Foroohar, argues that economists will have to abandon their traditional way of thinking to deal with problems posed by the pandemic.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Aviation industry under pressure, Argentina’s debt deadline, why Silicon Valley is surviving the ad crash May 05, 2020

The aviation industry took another hit from the coronavirus crisis on Monday as GE cut 10,000 aerospace jobs, and Argentina debt holders doubled down on their opposition to the government’s plan to restructure its debt. Plus, as the coronavirus pandemic rages on, advertising costs are being cut from many corporate budgets. The FT’s Tim Bradshaw explains why Silicon Valley is surviving the ad crash.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Banks get ready for bad loans, losses at Berkshire Hathaway, BlackRock’s influence May 04, 2020

US and European banks are on track to book more than $50bn of charges on souring loans in the first quarter. Plus, the FT’s Eric Platt reports on Berkshire Hathaway’s annual general meeting, where Warren Buffett was the star of the show, and the FT’s deputy editor, Patrick Jenkins, explains how BlackRock’s small consultancy division came to have a growing influence on a number of governments.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Amazon Covid-19 costs, Boeing taps bond market, UK recruits fruit pickers May 01, 2020

Amazon has warned that coronavirus measures could cost at least $4bn in the next quarter and wipe out any gain from a jump in sales during the pandemic, and Boeing has tapped the bond market for $25bn to help weather a cash drain this year. Plus, the FT’s Judith Evans reports on a crisis building in the UK fruit farming industry.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Fed’s ‘medium-term’ warning, Microsoft growth, Barclays loan provisions Apr 30, 2020

The Federal Reserve has warned of lasting “medium-term” economic fallout from the coronavirus pandemic. The FT’s James Politi unpacks the central bank’s outlook. Plus, the White House praised Gilead’s remdesivir as a coronavirus treatment drug after the release of the findings from a new study, and Microsoft posted strong results in the latest quarter thanks to a jump in its cloud-related business. Then, the FT’s Stephen Morris reports on how Barclays fared in the first quarter as the bank announced a sharp increase in provisions for bad loans.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Alphabet’s signs of recovery, Trump’s meat plant order, measuring inflation Apr 29, 2020

Google’s internet search business stabilised in April after a sharp downturn at the end of last month, Fitch has downgraded Italy’s credit rating to a single notch above junk, and US President Donald Trump orders meat-processing plants to remain open in the wake of coronavirus-related closures. Plus, the FT’s economics correspondent, Delphine Strauss, explains why statisticians are having such a hard time measuring inflation during the global pandemic.

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European bank earnings, coronavirus threat to call centres Apr 28, 2020

US oil prices fell sharply on Monday after the world’s largest oil-backed exchange traded fund began offloading all of its short-term contracts, and investors in European banks are braced for significant loan-loss provisions as the sector reports quarterly earnings this week. Plus, the FT’s John Reed will explain why the Philippines’ coronavirus lockdown is causing pain for the country’s vast outsourcing sector.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Covid-19 death toll, gap between financial markets and economy, Berlin’s reopening Apr 27, 2020

An FT analysis found that the death toll from coronavirus may be almost 60 per cent higher than reported in official counts, and analysts are scrambling for explanations on the divergence between the flying stock market and the grim global economic picture. Plus, the FT’s Berlin bureau chief, Guy Chazan, explains how Berlin is fairing since the city’s shops reopened last week.

To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid.

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Germany backs EU recovery fund, Gilead drug flops, Rana Foroohar on US austerity Apr 24, 2020

Germany is prepared to make a substantial financial contribution to help relaunch eurozone economies after the coronavirus pandemic, and the World Health Organization accidentally published documents yesterday showing that a potential antiviral drug for the coronavirus flopped in its first randomised clinical trial. Plus, the FT’s global business columnist, Rana Foroohar, argues that the economic ramifications of the coronavirus crisis will produce a new age of US austerity.

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ECB to accept ‘fallen angel’ bonds as collateral, Covid-19 legal protections Apr 23, 2020

The European Central Bank has changed its rules to accept bonds that lose their investment grade credit rating during the coronavirus crisis as collateral, oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, and US business groups are calling on the federal government to shield companies from litigation if workers are exposed to the virus. Plus, the FT’s Moscow bureau chief, Henry Foy, explains why Vladimir Putin’s regime is leaning on tycoons to help the state in troubled times.

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Oil market turmoil, Netflix adds 16m subscribers, future of aerospace Apr 22, 2020

Global oil markets remained under intense pressure on Tuesday with the price of US crude oil for June delivery nearly halving and Brent dropping below $20 per barrel for the first time in 18 years. Meanwhile, the White House and congressional leaders agreed to a new coronavirus stimulus package which includes funds to replenish the small business rescue fund, and Netflix has emerged as one of the few corporate winners of the pandemic after adding more than twice as many subscribers as it had forecast last quarter. Plus, the FT’s industry editor, Peggy Hollinger, explains how the aerospace industry is being forced to adapt to a dramatic decline in air travel due to coronavirus.

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US oil prices plummet, Singapore oil trader scandal Apr 21, 2020

Yesterday, US oil prices crashed into negative territory for the first time in history. The FT’s US energy editor, Derek Brower, explains why and what is next for producers. Then, the FT’s natural resources editor, Neil Hume, explains how Singapore oil trader Hin Leong Trading suffered $800m in losses that were not reflected in its financial statements. Plus, the Trump administration is facing backlash over the terms of its small business loan programme, and more than 1m people were enrolled in the UK’s flagship staff furlough scheme during its first day in operation.

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Small business aid deal, ECB bad bank idea, emerging market debt Apr 20, 2020

The Trump administration is closing in on a deal with Congress to provide another $300bn to coronavirus-hit small businesses. Then, the FT’s US economics editor, Brendan Greeley, explains how state budgets are coping without their normal tax revenue. Plus, the European Central Bank has held high-level talks about creating a eurozone bad bank for non-performing loans, and investors have pushed back on pleas by the G20 group of big economies to allow emerging markets to pause their debt repayments.

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Trump’s reopening plan, coronavirus drug report, Macron on EU solidarity Apr 17, 2020

President Donald Trump backed away from threats to force a quick reopening of the US economy by unveiling guidelines for states, and US stock market futures rose 3 per cent late on Thursday after a report suggested a Gilead coronavirus drug had shown positive results in a clinical trial. Then,in an interview with the FT, French president Emmanuel Macron warned of the collapse of the EU as a “political project” unless richer states help economies such as Italy recover from the coronavirus pandemic. Plus, the FT’s Middle East editor, Andrew England, explains how Gulf sovereign wealth funds are mobilising to buy assets whose valuations have been hit hard by the outbreak.

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Eurozone debt, US economic data, China cuts key lending rate Apr 16, 2020

The coronavirus crisis is propelling Eurozone government debt towards 100 per cent of gross domestic product, three major US banks reported a total $12.8bn of charges in the first quarter for loan losses and warned there could be more to come, and data from all corners of the US economy published on Wednesday suggest the hit from coronavirus lockdowns has been deeper than feared. Plus, the FT’s Hudson Lockett explains why China’s central bank cut one of its most important lending rates to a record low.

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Airline aid, banks braced for credit loss, grim IMF outlook Apr 15, 2020

The US Treasury Department has reached an agreement with US airlines that paves the way for a $25bn bailout for the industry. Plus, JPMorgan Chase and Wells Fargo increased loan-loss provisions by $10bn from last year to prepare for the impact of the pandemic. Then, the IMF said on Tuesday that the coronavirus crisis will leave lasting scars on the global economy. The FT’s economics editor, Chris Giles, explains how the damage could continue long after lockdowns are lifted.

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VC funding in China, Amazon jobs, oil under pressure Apr 14, 2020

New figures show that venture capital funding in China rebounded in March after the country’s coronavirus outbreak, and Amazon has announced plans to hire 75,000 extra workers after hiring 100,000 new staff to handle coronavirus-induced demand. Plus, Anjli Raval explains why oil traders have doubts about the US-backed Opec deal to cut supply, and Rana Forhoohar argues that WeWork’s struggles illustrate what is to come in real estate markets in a post-coronavirus world.

You can find Rana’s columns at FT.com/rana-foroohar

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Inside Wuhan’s liberation, Japan on lockdown Apr 13, 2020

The coronavirus’ place of origin, Wuhan, has emerged from the world’s largest mass quarantine. Meanwhile, Japan is gambling that it can control the spread of coronavirus without a full lockdown. The FT’s correspondents on the ground in China and Japan, Don Weinland and Robin Harding, look at the differing stages these two places are at when it comes to the pandemic and the road ahead.

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Wall St worries, Europe funding, Singapore relapse Apr 09, 2020

Wall Street banks are warning investors to brace for a new wave of stock market declines despite the recent relief rally, and eurozone finance ministers will reconvene today to work toward a deal on emergency lending to tackle the Covid-19 outbreak. The FT’s Mehreen Khan will explain the dispute between the Netherlands and Italy over the terms. Plus, Stefania Palma in Singapore explains how the country is handling its third wave of coronavirus infections.

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US stimulus, WeWork v SoftBank, Carnival bonds Apr 08, 2020

The Trump administration is in talks with Congress to secure an additional $250bn to fund loans for small businesses hit by the coronavirus pandemic, and a special committee of WeWork board members issued a legal challenge on Tuesday over SoftBank’s withdrawal from a $3bn deal. Plus, the FT’s capital market’s correspondent Rob Smith explains how Carnival Corporation managed to persuade investors to put their money into the ailing cruise company.

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Investors gain hope, Italy isolated, Rana Foroohar Apr 07, 2020

US stocks and global equities surged on Monday as investors took heart from signs that the coronavirus outbreak may be stabilising in some of the worst-affected countries. Plus, with a death count of more than 16,000 people and its economy on course to suffer the deepest recession in its modern history, Italy is wrestling with a lack of assistance from its European neighbours. The FT’s Miles Johnson explains that Italians are feeling betrayed by how some countries are responding to their plight..

Plus, the FT’s global business columnist, Rana Foroohar argues that private and public - but mostly private - sectors need to invest in broadband improvements as lockdowns cause internet usage to rise.

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Covid-19 on emerging markets, possible oil tariffs Apr 06, 2020

Emerging markets are scrambling to keep their economies afloat as the coronavirus pandemic deepens. The FT’s David Pilling will have more. Plus, America’s biggest banks will defend their plans to continue paying dividends in submissions to regulators today, and oil producers push back against the price war between Saudi Arabia and Russia.

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Oil price war, vaccines, banks on stimulus Apr 03, 2020

Oil soared nearly 50 per cent at one point on Thursday in its biggest ever one-day rally after US president Donald Trump stoked hopes of a supply cut deal, German biotech groups are urging regulators to ease restrictions when it comes to testing a coronavirus vaccine, and bankers are raising doubts about whether the US government’s small business loan programme will begin today, as scheduled.

Plus, banks were admonished over their role in causing the 2008 financial crisis. The FT’s David Crow explains how banks can rehabilitate themselves in the coronavirus crisis by distributing unprecedented amounts of stimulus.

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EU rescue fund, coronavirus hits rents Apr 02, 2020

France is pushing for a common EU fund to help Europe through the coronavirus crisis. The FT’s Paris bureau chief, Victor Mallet, explains what the plan entails. Then, the rapid spread of the outbreak has pushed commercial landlords and their tenants to breaking point. FT property reporter George Hammond unpacks the brewing conflict between landlords and the tenants that are unable to pay rent. Plus,Amazon has said it is urgently investigating claims of “subhuman” conditions at a Philippines call centre, and SoftBank has pulled out of a $3bn purchase of WeWork stock.

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Gillian Tett on Fed dollar scheme, Covid-19 testing Apr 01, 2020

The FT’s Gillian Tett unpacks the Federal Reserve’s latest move to meet the global demand for dollars, and science editor Clive Cookson explains how different countries are handling coronavirus testing and how the private sector could step in.

Plus, Donald Trump is set to suspend some tariffs for 90 days as he tries blunt the economic damage from the pandemic, the UK’s six biggest banks have bowed to pressure from Britain’s top financial regulator to suspend dividend payments, and as coronavirus reaches the developing world, a record 85 countries have approached the IMF for short-term relief in recent weeks.

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Amazon during Covid-19, Rana on corporate interests Mar 31, 2020

Amazon has pitched itself as an essential business to provide those sheltering in place with needed products. The FT’s Dave Lee reports on how the e-commerce group could emerge as a hero if deliveries remain on track, but only if it does so without pushing employees to take excessive health risks. Meanwhile, insurers are tightening the terms of their business coverage to make sure anything related to the pandemic is explicitly excluded. Plus, Rana Foroohar argues that 50 years of US policy in favour of private sector interests have come home to roost as the economy copes with coronavirus.

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The ventilator challenge, stimulus questions Mar 30, 2020

Manufacturers are working to produce the ventilators needed to help severely ill coronavirus patients breathe. The question is whether those inexperienced in the field can overcome the logistical and regulatory hurdles in time to deliver the life-saving machines. Plus, US companies have questions about how to access the $454bn of government funds set aside in the $2tn stimulus legislation, and Italy’s shadow workers are left out of the country’s safety net.

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Market relief rally, ECB flexes, WeWork cash burn Mar 27, 2020

US stocks were up for a third straight day after the Senate agreed to a $2.2tn stimulus package Wednesday. The bill comes as a report on Thursday showed that a record 3.3m Americans filed for unemployment last week from the coronavirus shutdown. Plus, the European Central Bank is giving itself a tremendous amount of flexibility in its plan to buy €750bn in additional bonds to contain the fallout from the virus. And, WeWork burnt through $1.4bn last quarter, almost all the cash injection its principal backer SoftBank had most recently provided.

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Stimulus haggle, James Kynge on China, US oil talks Mar 26, 2020

The US Senate has approved fiscal stimulus legislation worth $2tn after a week of intense negotiations, Ford suffers the biggest credit rating downgrade since 2005, and the FT’s James Kynge tells us how China could become an example of growth while the rest of the world deals with the coronavirus crisis. Plus, the US has raised the pressure on Saudi Arabia to end its oil price war with Russia as the shale industry faces a collapse.

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Dash for cash, shutdown debate, Softbank talks Mar 25, 2020

As traditional capital markets seize up, businesses are turning to emergency sources of funding. An FT analysis shows that more than 130 companies drew at least $124bn from their lenders in the past three weeks. Plus, Europe is facing a dilemma over whether to allow certain businesses to operate or shut the economy entirely to slow the spread of the coronavirus, and SoftBank explored an attempt to take the conglomerate private before deciding to sell some of its assets this week.

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Wall Street awaits fiscal stimulus deal from Washington Mar 24, 2020

The Federal Reserve announced a plan to buy corporate debt and unlimited amounts of government debt on Monday. But investors on Wall Street continue to wait for fiscal stimulus from the US government. Plus, The FT’s global business columnist, Rana Foroohar, argues that, when a bailout plan is agreed, small businesses and individuals should be first in line for the help.

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US stimulus setback, tracking Covid-19 indicators Mar 23, 2020

US lawmakers argue over a fiscal stimulus legislation worth nearly $2tn to help America weather the coronavirus pandemic. Plus, it could be weeks before official data reveals the full impact of the outbreak on the global economy. FT data journalists have compiled a set of alternative measures of economic activity, from restaurant bookings to traffic patterns, to give an early indication of what to expect. And, Occidental Petroleum chief executive Vicki Hollub looks set to keep her job as the embattled oil producer finalises a truce with activist investor Carl Icahn.

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Friday, March 20 Mar 20, 2020

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China.

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Thursday, March 19 Mar 19, 2020

The European Central Bank will buy an additional €750bn in bonds in response to the economic and financial upheaval caused by the coronavirus pandemic. Gillian Tett and Anjli Raval explain the dramatic market swings in markets that preceded the ECB’s emergency move. Plus, we will look at the bottlenecks in the healthcare supply chain as demand grows for testing and critical care equipment.

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Wednesday, March 18 Mar 18, 2020

Westerngovernments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

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Tuesday, March 17 Mar 17, 2020

Governments in all large western economies took drastic measures to limit public movement on Monday in an urgent effort to arrest the spreading coronavirus pandemic while US stocks plunged despite a set of emergency measures laid out by the Federal Reserve on Sunday. Plus, an analysis by the Financial Times finds that the UK and the US have key weaknesses in their healthcare systems which could trigger a collapse if put to the test by the outbreak.

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Monday, March 16 Mar 16, 2020

The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the wake of the outbreak.

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Friday, March 13 Mar 13, 2020

US stocks fell almost 10 per cent in their worst day since the 1987 market crash despite emergency action by the Federal Reserve. Meanwhile, following the US ban on travellers from Europe, airlines are demanding immediate government action to alleviate the industry’s deepening crisis. Plus, companies took on vast amounts of debt in the era of low interest rates. The FT’s US business editor, Andrew Edgecliffe-Johnson, explains the risk this debt poses now.

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Thursday, March 12 Mar 12, 2020

The Trump administration will suspend non-US citizens travelling from Europe for the next 30 days to reduce the spread of the coronavirus in America. This announcement came on the same day the World Health Organization labelled the coronavirus outbreak a pandemic for the first time, and the blue-chip Dow Jones Industrial Average tipped into bear market territory. Plus, Boeing lost close to a fifth of its market value on after news that it had tapped the full amount of a $13.8bn loan to deal with the financial effects of the coronavirus.

Then, we will look at what to expect from Christine Lagarde and the European Central Bank today, now that the Federal Reserve and the Bank of England have made emergency rate cuts.

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Wednesday, March 11 Mar 11, 2020

Joe Biden cemented his lead as the frontrunner in the Democratic presidential race, winning several states including the battleground of Michigan. Plus, airlines cancel flights, withdraw earnings guidance and implement austerity measures to cope with the travel slump caused by the coronavirus outbreak, and the head of the International Energy Agency warns Russia and Saudi Arabia risk hurting efforts to stop the spread of coronavirus if they insist on continuing an oil price war. Then, the FT’s Chris Giles explains how the UK budget, to be unveiled today, is expected to set some money aside to deal with the outbreak.

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Tuesday, March 10 Mar 10, 2020

A crash in the price of oil rocked financial markets that were already reeling from the effects of the coronavirus. Meanwhile, Italy extended its quarantine to the entire country, two of the world’s largest medical research foundations are teaming up with a Mastercard-backed charity to commit $125m in “seed funding” to develop treatments for Covid-19, and US president Donald Trump says his administration will propose a relief package today to reduce the negative economic effects of the outbreak. Plus, EU leaders have vowed to work with Turkey to prevent renewed tensions at their shared border and revive a 2016 migration deal. And, the FT’s Derek Brower will explain how the oil price war has left US shale producers hanging on for survival.

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Monday, March 9 Mar 09, 2020

Saudi Arabia has launched an aggressive oil price war after Russia refused to join production cuts with Opec, Italy locks down a huge swath of its wealthy northern area that is home to 16m people in order to contain the spread of coronavirus, and Citigroup confirmed that it is severing nearly two-thirds of the platforms it uses for currency trading as part of an effort to cut costs. Plus, Turkey is threatening to allow migrants to flow into Europe unless it gets more funding from the European Union. The FT’s Mehreen Khan and Laura Pitel explain the human tug-of-war.

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Friday, March 6 Mar 06, 2020

US stocks dropped as Treasury yields touched records lows on Thursday and bank share price falls led the way, struggling Chinese ride-hailing group Didi Chuxing is suffering a further blow due to the coronavirus, and ExxonMobil says it will avoid a “beauty match” on carbon emissions as rivals set out targets. Plus, the world’s biggest oil traders slashed global demand forecasts with growth falling to the weakest levels since the financial crisis. The FT’s Anjli Raval explains how this adds pressure on Opec to cut output.

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Thursday, March 5 Mar 05, 2020

US stocks recovered more than 4 per cent on Wednesday, a day after the Federal Reserve cut interest rates by 50 basis points and spooked investors, Rupert Murdoch’s youngest son, James, is making a seven-figure investment in start-ups aimed at combating fake news, and the US is ready to invest $5bn in Ethiopia in an effort to counter China’s influence in one of Africa’s fastest-growing economies. Plus, banks are gearing up in the event that the coronavirus outbreak forces traders to work offsite. The FT’s Laura Noonan explains why it is not as simple as bringing home your laptop.

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Wednesday, March 4 Mar 04, 2020

Joe Biden emerged as a major contender in Super Tuesday voting, despite Bernie Sanders winning in California. Meanwhile, the Federal Reserve failed to ease recession fears on Tuesday when it made an emergency interest rate cut. The FT’s Gillian Tett explains why. Plus, Tesla short sellers have reaped $2.8bn as US stocks tumbled, and Airbus is reviewing its 2020 delivery targets as the global spread of coronavirus hits demand from airlines.

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Tuesday, March 3 Mar 03, 2020

US stocks ended a seven-day losing streak on Monday on expectations that central banks will soften the economic impact of the coronavirus outbreak and driverless car company Waymo raises $2.3bn from a group of outside investors. Plus, the FT’s George Parker explains the expectations of both the United Kingdom and the European Union as their trade talks begin.

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Monday, March 2 Mar 02, 2020

Disruptions caused by the coronavirus are driving the global economy closer to a recession and triggering calls for fiscal and monetary intervention, activist hedge fund Elliott Management is pushing for big changes at Twitter after taking a $1bn stake, and the US state of Wyoming is in talks to buy millions of acres of land from Occidental Petroleum. Plus, if Bernie Sanders is elected US president, his policies have the potential to radically change the US financial system. The FT’s Robert Armstrong explains how Wall Street is weighing up the idea of a socialist in the White House.

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Friday, February 28 Feb 28, 2020

US equities closed in correction territory on Thursday on coronavirus concerns, while Saudi Arabia is asking its Opec allies to agree to a substantial cut in oil production to deal with crippling demand. Plus, a report from Beijing on how China is trying to get its factories back to work, and the FT’s Gillian Tett unpacks how the outbreak is affecting the global economy.

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Thursday, February 27 Feb 27, 2020

Donald Trump sought to defuse criticism of his handling of the coronavirus and predicted stock markets would be booming again, while investors are betting that central banks will respond to the financial fallout from the outbreak with stimulus, and Microsoft has warned that supply chain disruption due to the virus will cause the company to miss its revenue guidance for its Windows and Surface products. Plus, Walmart is exploring the sale of a stake in the UK supermarket chain Asda.

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Wednesday, February 26 Feb 26, 2020

A fresh wave of selling pressure rippled across global markets on Tuesday as public health officials warned Americans to prepare for the spread of the coronavirus, Bob Iger has stepped down as chief executive of Walt Disney a year after extending his contract, and Virgin Galactic shares fall after the space tourism company reports that losses widened in the fourth quarter. Plus, there has been a wave of leadership change at European banks in the past few months. The FT’s David Crow explains why the lenders are scrambling to find a new generation of chief executives.

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Tuesday, February 25 Feb 25, 2020

Global stocks had their worst day in two years on Monday as new coronavirus cases outside China dashed hopes that the outbreak had been contained, US energy stocks are now underperforming the main US stock market index by the biggest margin since 1941, disgraced film producer Harvey Weinstein was found guilty by a jury in New York of sex crimes including rape, and HP announced a $16bn buyback plan as it claims to be engaging with printer rival Xerox in deal talks.

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Monday, February 24 Feb 24, 2020

Barclays is preparing to start a search for a new chief executive to replace Jes Staley, European buyout firm CVC Capital Partners is plotting an ambitious reshaping of one of the world’s most popular sports - rugby, and Italy has imposed a strict quarantine across at least 10 towns to contain the largest outbreak of coronavirus outside of Asia. Plus, the FT’s Benjamin Parkin previews Donald Trump’s visit to India.

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Friday, February 21 Feb 21, 2020

EU leaders are deadlocked over how to finance the bloc’s next multi-annual budget, a judge handed down a 40 year sentence to Roger Stone on Thursday, saying the Republican political operative was prosecuted for covering up for President Donald Trump, and the luxury industry faces its biggest threat since the 2008 financial crisis with the coronavirus outbreak. Plus, wealthy Arab states have been pouring money into football as part of their effort to diversify the oil-dependent economies. But that money has caught the attention of one of football’s main governing bodies. The FT’s sports correspondent, Murad Ahmed, explains.

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Thursday, February 20 Feb 20, 2020

UBS names Ralph Hamers from ING as its next chief executive, Boeing asks for a $100m a year tax break from Washington state to be suspended in order to avert retaliatory tariffs this summer, and the UN has teamed up with a New York start-up to develop technology that will attempt to gauge how people living in war zones feel about peace negotiations. Plus, billionaire Michael Bloomberg has made up for his late entry into the Democratic presidential race with an advertising spending spree of nearly half a billion dollars. The FT’s Brooke Fox and Anna Nicolaou report on the strategy that has caught the other campaigns off-guard.

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Wednesday, February 19 Feb 19, 2020

The EU’s richest states have dug in their heels over the region’s budget as European Council president Charles Michel seeks to ease the blow of spending cuts on poorer countries, Donald Trump extended clemency to several high-profile white-collar criminals on Tuesday, including former Illinois governor Rod Blagojevich and financier Michael Milken, and US asset manager Franklin Templeton has agreed to buy rival Legg Mason for $6.5bn including debt. Plus, the FT’s David Crow reports on HSBC’s radical plan to downsize.

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Tuesday, February 18 Feb 18, 2020

Apple has warned that disruption in China from the coronavirus will cause its revenues to fall short in the current quarter, Amazon founder Jeff Bezos has announced a $10bn fund to help fight climate change following intense criticism over the e-commerce group’s own environmental impact, and a start-up touted as the “Uber of dry cleaning” collapsed into administration on Friday, wiping out all of its investors, including British businessman Michael Spencer. Plus, the EU has rejected Facebook’s latest vision of how online content should be regulated. The FT’s Javier Espinoza reports on chief executive Mark Zuckerberg’s day in Brussels.

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Monday, February 17 Feb 17, 2020

The head of SoftBank’s $100bn Vision Fund has lined up billions of dollars of outside investment for a new hedge fund-style vehicle, Goldman Sachs and a research boutique have constructed a “synthetic” way for investors to bet more cheaply against Chinese stocks, and Samsung has begun flying electronic components for its latest Galaxy phones from China to its factories in Vietnam as it grapples with sweeping supply chain disruptions caused by coronavirus. Plus, parts of the Middle East and Africa have some of the world’s youngest populations as well as its highest rates of youth unemployment. The FT’s Adrienne Klasa reports on the demographic pressures experts warn will only increase.

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Friday, February 14 Feb 14, 2020

US attorney-general William Barr publicly rebuked Donald Trump, saying the president’s tweets about ongoing criminal cases had made it “impossible” to do his job, while the US Senate voted to limit Mr Trump’s military authority in Iran. Plus, US prosecutors accuse Huawei of stealing technology from several American companies and Amazon wins its request to temporarily block a $10bn US defence contract awarded to Microsoft. Plus, Sajid Javid abruptly quit as UK chancellor on Thursday after a brutal power struggle with prime minister Boris Johnson. The FT’s Robert Shrimsley explains what happened.

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Thursday, February 13 Feb 13, 2020

Democratsin the US House of Representatives call on attorney-general William Barr to testify over claims of political influence in a case involving a friend of the president, Berkshire Hathaway vice-chairman Charlie Munger shares his pessimistic view of the future, and Europe’s largest telecoms conference has been forced to cancel this year’s event over fears of the spread of coronavirus. Plus, the US Department of Justice is backing Qualcomm as the chipmaker appeals against an antitrust fine from the Federal Trade Commission. The FT’s Kadhim Shubber explains how this complicates the relationship between the US regulators.

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Wednesday, February 12 Feb 12, 2020

US senator Bernie Sanders declared victory in the New Hampshire Democratic presidential primary on Tuesday night, ride-sharing service Lyft disappointed investors who were looking for signs of an end to the losses, and electric scooter companies operating in Germany are braced for a setback on the streets as authorities push for a regulatory crackdown. Plus, the FT’s Hannah Kuchler explains why investors are bidding up companies that are working to alleviate the effects of the coronavirus.

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Tuesday, February 11 Feb 11, 2020

A federal judge is poised to approve T-Mobile’s takeover of Sprint, according to sources briefed on the matter, Donald Trump has put forward a budget proposal that slashes key planks of the US social safety net while preserving his tax cut, and the woman who was long seen as Angela Merkel’s successor, Annegret Kramp-Karrenbauer, said she would not run for German chancellor. Plus, nearly 150m Americans were compromised in the 2017 Equifax data breach. The FT’s Kadhim Shubber reports on why the US has blamed China.

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Monday, February 10 Feb 10, 2020

Google has been accused of unfairly promoting its own holiday rental search by more than 30 of its rivals, France’s Covéa is in exclusive talks to buy the Agnelli-owned PartnerRe for $9bn, and the result of Ireland’s general election was tied three ways on Sunday night. Plus, the FT’s San Francisco correspondent, Dave Lee, explains a new pilot programme from Airbnb after a series of shootings at its rentals.

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Friday, February 7 Feb 07, 2020

Uber shares traded higher after hours on Thursday after the ride-hailing company promised profitability in the final quarter of this year, officials in London and Washington told the FT that Donald Trump vented in “apoplectic” fury at Boris Johnson over Britain’s decision to allow China’s Huawei a role in its 5G mobile networks, and activist hedge fund Elliott Management has built a stake worth $2.5bn in SoftBank Group and is pressing for changes. Plus, the FT’s Tom Hancock has been quarantined after reporting on the coronavirus in Wuhan. He explains how a crackdown on information about the virus in Wuhan allowed the disease to spread more widely.

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Thursday, February 6 Feb 06, 2020

Donald Trump was acquitted on impeachment charges by the Senate on Wednesday, HSBC has decided to hold off on naming a permanent chief executive until after it unveils a strategy shake-up, and Chinese energy executives are projecting a 25 per cent fall in the country’s oil consumption this month due the effects of the coronavirus on demand. Plus, the FT’s Anna Nicolaou explains Spotify’s push into podcasts and what it means for the streaming giant’s music business.

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Wednesday, February 5 Feb 05, 2020

US president Donald Trump claimed “incredible results in boosting the US economy in a State of the Union address to Congress and Pete Buttigieg took a narrow lead in the Iowa Democratic presidential caucuses based on partial results.

Plus, sources tell the FT that New York Stock Exchange owner Intercontinental Exchange had held takeover talks with eBay, a top US executive at SoftBank’s $100bn Vision Fund is leaving after expressing concerns about “issues” at the technology conglomerate and Ford shares fell almost 10 per cent on Tuesday as it delivered a disappointing 2020 outlook.

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Tuesday, February 4 Feb 04, 2020

Opec and its allies are preparing emergency cuts to oil production after the economic fallout of the coronavirus pushed the price of crude into a bear market on Monday, the pace of revenue growth at Google parent Alphabet slowed more sharply than expected in the final quarter of last year,and the German government has drafted a bill to clamp down on anti-competitive behaviour from the likes of Google and Amazon. Plus, results out of the Iowa caucus were delayed Monday night as the state Democratic party cited “quality control” issues. The FT’s Lauren Fedor reports.

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Monday, February 3 Feb 03, 2020

UK prime minister Boris Johnson is expected to set out his vision for future relations with the EU in a speech today, Beijing is poised to pump extra cash into China’s financial system as part of a way to shield the economy from the effects of the deadly coronavirus outbreak, and American voters in Iowa will kick off the US Democratic presidential primary race. Plus, the FT’s Patrick McGee explains why Germany fears being left behind by Silicon Valley and Big Tech.

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Friday, January 31 Jan 31, 2020

IBM has named Arvind Krishna as the new chief executive to take over from Ginni Rometty, Amazon’s one-day shipping delivered a bumper holiday sales season, and the World Health Organization has declared an international emergency over the new coronavirus epidemic. Plus, as the UK prepares to leave the European Union tonight, the FT’s George Parker says the British population is split between a state of vindication and of sadness.

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Thursday, January 30 Jan 30, 2020

Shares in Facebook dropped by more than 7 per cent on Wednesday after the company posted the slowest pace of growth since 2012. Plus scientists race to develop a vaccine for the deadly coronavirus, the Federal Reserve leaves its main policy rate unchanged, and Tesla and Microsoft post better than expected quarterly revenues. Then, Claire Bushey reports on Boeing’s first annual loss in more than 20 years.

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Wednesday, January 29 Jan 29, 2020

Apple recorded new records for both revenue and income for the holiday sales period, Starbucks has closed more than half of its 4,300 outlets in China over the coronavirus, Senate Republican leaders put pressure on colleagues to block witnesses in Donald Trump’s impeachment trial, and Mr Trump unveiled his long-delayed Middle East peace plan. Plus, Goldman Sachs chief executive David Solomon is taking a gamble on consumer banking. The FT’s Laura Noonan reports on the bank’s overhaul, and what has led to its first-ever investor day.

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Tuesday, January 28 Jan 28, 2020

Airbus is on the brink of settling a bribery and corruption probe with regulators in the UK, France and the US, Boris Johnson feels increasing heat over Huawei’s role in the UK mobile phone network, and Donald Trump’s lawyers tried to shift the focus of his Senate impeachment trial away from revelations from former national security adviser John Bolton. Plus, global equity markets and oil prices fell sharply on Monday over concerns that the Coronavirus would slow China’s economic growth. The FT’s Tom Hancock reports from Wuhan, the city at the centre of the outbreak.

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Monday, January 27 Jan 27, 2020

An internal probe showed that Deutsche Bank paid $1.1m to secure the wealth management business of a senior Saudi royal, Beijing has warned that the spread of the deadly coronavirus is expected to accelerate, and the Trump administration has warned that it would “react” with possible punitive measures against the EU for a carbon tax plan. Plus, more than three years after the Brexit referendum, the UK will leave the EU this week. The FT’s George Parker breaks down how the relationship might look after the separation.

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Friday, January 24 Jan 24, 2020

A powerful rebound in Intel’s data centre division drove a stronger than expected recovery in the final quarter of 2019, former Wells Fargo chief executive John Stumpf has agreed to pay $17.5m as part of a settlement with US regulators over the bank’s fake accounts scandal, and the European Central Bank begins its first strategic review in 16 years. Plus, the founder of the opioid maker Insys has been sentenced to five-and-a-half years in prison. The FT’s Hannah Kuchler explains what this means for other US pharmaceutical executives.

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Thursday, January 23 Jan 23, 2020

Chinese authorities have shut down Wuhan transport networks in its efforts to contain the outbreak of a deadly Sars-like virus. Plus, the stock market value of Tesla topped $100bn for the first time on Wednesday, and Boeing’s new chief executive, David Calhoun, insists the 737 Max will fly again. Plus, the FT’s Tim Bradshaw takes a look at the competitive market for food delivery apps, and which companies are fighting to take your order.

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Wednesday, January 22 Jan 22, 2020

The US Senate rejected Democratic bids to subpoena documents on the first day of the impeachment trial of Donald Trump, a slowdown in the US continues to weigh on Netflix’s subscriber growth, and the UK is set to go ahead with plans to introduce a new digital tax against US companies despite the threat of tariffs. Plus, Saudi Crown Prince Mohammed bin Salman has been implicated in a hack involving Jeff Bezos’s phone, Boeing has told customers and suppliers that the 737 Max will now stay grounded until the middle of 2020, and US health officials have confirmed the first US case of the Sars-like coronavirus.

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Tuesday, January 21 Jan 21, 2020

The US Senate impeachment trial of Donald Trump begins today. Republican Senate majority leader Mitch McConnell proposed rules on Monday evening that outraged Democrats.

Plus, lawyers for Huawei’s Meng Wanzhou told a Canadian courtroom that the US extradition case against the executive amounted to “fiction”, France signals a breakthrough in talks to resolve a spat over digital taxes with the US, and the UK could be fined or lose preferential access to the European market if it violates the terms of a future relationship deal with the EU.

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Monday, January 20 Jan 20, 2020

US government-funded technology companies have recorded an increase in the use of circumvention software in Iran in recent weeks, the UK’s pledge to diverge from EU rules after Brexit has provoked alarm in Brussels, and a successful emergency escape simulation puts SpaceX on track for a launch with Nasa astronauts. Plus, the FT’s Andrew Edgecliffe-Johnson explains how climate change and Big Tech will drive the agenda at this year’s World Economic Forum annual meeting in Davos.

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Friday, January 17 Jan 17, 2020

Investors catapulted Alphabet’s stock market value above $1tn for the first time on Thursday, Comcast’s NBCUniversal unveils a new streaming service that will be free to many customers, and Italy’s collapsing birth rate raises alarm bells. Plus, a non-partisan government watchdog said the White House violated the law by withholding US military aid to Ukraine last year. The FT’s Kadhim Shubber explains what this means for Donald Trump’s impeachment trial.

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Thursday, January 16 Jan 16, 2020

The US and China have signed an agreement to pause the trade war that has weighed on the global economy for nearly two years, flying taxi start-up Joby Aviation secures $590m in a new funding round led by Toyota, and legal costs from the 1MDB bribery scandal hit Goldman Sachs earnings. Plus, the FT’s Lionel Barber shares the highlights from his exclusive interview with German chancellor Angela Merkel.

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Wednesday, January 15 Jan 15, 2020

The US House of Representatives will vote today on sending articles of impeachment against President Donald Trump to the Senate,Boeing has ceded the crown as the world’s biggest plane maker to rival Airbus, and investment in UK-based tech start-ups exceeded £10bn for the first time last year. Plus, JPMorgan Chase kicked off the Wall Street earnings season by posting a record profit. The FT’s Rob Armstrong will unpack the figures.

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Tuesday, January 14 Jan 14, 2020

The UK government is trying to claw back some of the £10m paid to trade organisations to prepare for a no-deal Brexit, US officials have presented the UK with new intelligence challenging the claim that Britain would be able to mitigate the risks of adopting Huawei technology in its 5G network, and the US Treasury department has dropped the designation of China as a currency manipulator.

Plus, tonight, six Democratic hopefuls will take part in the final US presidential primary debate before the crucial Iowa caucuses. The FT’s Lauren Fedor reports on how the candidates are doing in the 2020 race for the White House.

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Monday, January 13 Jan 13, 2020

Nissan executives have accelerated secret contingency planning for a potential split from Renault, the head of MI5 says he has “no reason to think” that the UK’s intelligence-sharing relationship with the US would be hit if Britain adopted Huawei technology in its 5G mobile phone network, and JAB Holdings-owned Panera Bread is set to reduce the proportion of meat-based items on its menu by a third. Plus, the crisis at Boeing has deepened after the release of damning internal messages. The FT’s Claire Bushey reports on what it means for the company as the new chief executive, David Calhoun, begins today.

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Friday, January 10 Jan 10, 2020

The US House of Representatives votes in favour of limiting president Donald Trump’s military powers against Iran,Western intelligence officials believe a plane that crashed in Iran killing 176 people was mistakenly brought down by an Iranian missile, and Britain is preparing to activate a new post-Brexit sanctions regime. Plus, the FT’s Patrick McGee breaks down both the outlandish and realistic ideas that came out of this year’s Consumer Electronics Show in Las Vegas.

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Thursday, January 9 Jan 09, 2020

Donald Trump backs away from military action against Iran, European Commission president Ursula von der Leyen visits London in her first meeting with UK prime minister Boris Johnson, and Jeffrey Katzenberg and Meg Whitman promote their new mobile video start-up, Quibi. Plus, the FT’s Chloe Cornish reports on Carlos Ghosn’s first press conference since his escape from Japan.

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Wednesday, January 8 Jan 08, 2020

Iran fires more than a dozen missiles at bases in Iraq hosting American troops in retaliation for the US killing of Qassem Soleimani. Plus, Bank of England governor Mark Carney says central banks are running low on ammunition to fight a recession, Venezuelan opposition leader Juan Guaidó reclaims his post as the head of congress, Boeing recommends simulator training for 737 Max pilots, and US Senate majority leader Mitch McConnell says Republicans have the votes to move ahead with Donald Trump’s impeachment trial. Then, Josh Chaffin reports on the Green Beret ex-con who allegedly helped Carlos Ghosn escape Japan.

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Tuesday, January 7 Jan 07, 2020

The top US military official denied that America would be pulling troops out of Iraq, blaming a leaked “draft” letter indicating otherwise. Plus, Donald Trump’s former national security adviser, John Bolton, said he is willing to testify in the president’s Senate impeachment trial if subpoenaed, and disgraced movie mogul Harvey Weinstein faces new sexual assault charges in Los Angeles as he prepares for the start of a criminal trial in Manhattan.

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Monday, January 6 Jan 06, 2020

France warns the US about the repercussions of imposing tariffs in response to thedigital services tax on the likes of Google and Amazon, Boris Johnson is expected to pressure the European Commission to fast-track Brexit-related trade talks, and Spain is one step closer to its first coalition government in modern times after a parliamentary vote on Sunday. Plus, the FT’s Katrina Manson reports on the fallout from the US assassination of Qassem Soleimani.

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Friday, January 3 Jan 03, 2020

US regulators unveil long-awaited restrictions on some flavoured e-cigarettes, Bernie Sanders notched up the biggest quarterly money haul so far of any Democratic US presidential candidate and Brussels is preparing a fresh push to create an EU-wide tax on plastic waste. Plus, the FT’s David Sheppard highlights what investors will be watching in the oil markets in 2020.

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Thursday, January 2 Jan 02, 2020

Lebanon pressed for Carlos Ghosn’s return one week before the former Nissan chairman escaped from Tokyo and Google Health has created a system that can identify breast cancer more accurately than radiologists. Plus, the FT’s Robin Harding explains why employees are gaining more power in Japan’s changing labour market.

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Tuesday, December 31 Dec 31, 2019

Private equity groups spent more on deals this year than at any time since the financial crisis, investors gear up for the final day of share trading in 2019, and former Nissan chief Carlos Ghosn leaves Japan, where he was on house arrest, for Beirut. Plus, the FT’s companies editor, Tom Braithwaite, breaks down the year in IPOs.

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Monday, December 30 Dec 30, 2019

Fraudsters are milking companies of tens of billions of dollars a year with fake responses to online ads, new documents reveal that WeWork will have to pay $17m for some executives’ golden parachutes, and the number of small businesses being created in France has surged this year. Plus, why Warren Buffett says companies cannot be moral arbiters.

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Friday, December 20 Dec 20, 2019

Andrew Bailey has been selected as the new governor of the Bank of England, Democrats and Republicans trade barbs over tactics in the delay to President Trump’s Senate impeachment trial and Uber’s former chief executive, Travis Kalanick, has sold the majority of his stake in the company. Plus the FT’s US markets editor, Jennifer Ablan, explains why investors have piled into some of the riskiest US debt as the year draws to a close.

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Thursday, December 19 Dec 19, 2019

The Bank of England admits that high-speed traders have been able to listen in on market-sensitive press conferences, the man who came to be a symbol of corporate corruption is granted an early release from his 25-year sentence, and the challenge faced by European carmakers from electric vehicles sees Fiat Chrysler and PSA strike a deal to create the fourth-largest automaker in the world. Plus, the US House of Representatives voted to impeach president Donald Trump. The FT’s US managing editor, Peter Spiegel, explains what this means for the upcoming Senate trial.

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Wednesday, December 18 Dec 18, 2019

FedEx cuts its annual earnings guidance for the second time in three months, a new report shows that Royal Dutch Shell paid no corporate income tax in the UK in 2018 and Sterling surrendered its post-election gains on Tuesday after Boris Johnson signalled he will try to push legislation that could cause a “cliff-edge” Brexit next year. Plus, like other countries in central Europe, Poland is facing a labour shortage. The FT’s James Shotter explains how some Polish manufacturers are replacing these workers.

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Tuesday, December 17 Dec 17, 2019

Global stocks hit fresh record highs on Monday as the US and China hit pause on the long-running trade war, while Mexico and the US resolve a row over the enforcement of labour provisions in the USMCA trade pact, Netflix reveals how quickly it is growing outside of the US and Boeing plans to temporarily suspend production of the 737 Max in January. Plus, the FT’s Kiran Stacey explains why US technology companies are pushing back on a call from the Trump administration to cut Huawei out of their supply chains.

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Monday, December 16 Dec 16, 2019

A deal to implement the new USMCA trade agreement was under threat after Mexico said it did not agree to certain provisions, Apple will face a shareholder vote next year calling for the iPhone maker to publicly commit to respecting freedom of expression as a human right and Boris Johnson plans to pour billions of pounds into the midlands and north of England after his election win. Plus, the FT’s Leslie Hook explains why UN climate delegates in Madrid could not reach a deal on the last article of the Paris climate accord.

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Friday, December 13 Dec 13, 2019

Boris Johnson declared a powerful mandate for Brexit after a crushing UK election victory. The FT’s Sebastian Payne breaks down the results. Plus, the US House of Representatives judiciary committee pushes a critical vote on the impeachment process into Friday, and the US and China were closing in on a limited trade deal on Thursday night.

Follow live updates on the UK election at FT.com/ukelection.

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Thursday, December 12 Dec 12, 2019

The Federal Reserve leaves its policy rate unchanged and indicates that it has no plans to make changes through 2020, and the climate summit in Madrid could stall over the question of how to create a global carbon trading market. Plus, new findings show the US Federal Aviation Administration failed to ground Boeing’s fleet of 737 Max aircraft even after its analysis showed the plane was more accident-prone than most aircraft, Israel faces its third election in a year, and Harvey Weinstein reaches a tentative $45m settlement with a group of women who accused him of sexual assault. Then, the FT’s Michael Peel explains how Myanmar’s Aung San Suu Kyi went from human rights icon to a leader defending allegations of genocide.

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Wednesday, December 11 Dec 11, 2019

UK prime minister Boris Johnson makes a final plea to voters in the “most important election in a lifetime”,Saudi Arabia renews its push for a $2tn valuation for Saudi Aramco, Democrats in the US House of Representatives unveil two articles of impeachment against president Donald Trump and trade negotiators from the US, Canada and Mexico sign changes to the USMCA trade pact. Plus, the FT’s Alan Beattie explains why European countries are turning to green trade policy and why some critics say it has more to do with protectionism than the planet.

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Tuesday, December 10 Dec 10, 2019

Donald Trump says “a lot of strides” have been made on the USMCA trade deal, Morgan Stanley is cutting around 1,500 jobs worldwide, Amazon claims it was denied a $10bn US defence contract because of pressure from the president and SoftBank has agreed to sell its nearly 50 per cent stake in Wag back to the dog walking company. Plus, Paul Volcker has died at the age of 92. The FT’s Gillian Tett looks back on the life and legacy of the former Federal Reserve board chairman.

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Monday, December 9 Dec 09, 2019

Beijing orders all government offices and public institutions to remove foreign computer equipment and software within three years, the FBI is treating a US naval base shooting as an apparent terrorist attack, even though the White House is not and UK officials are questioning Boris Johnson’s claims that Britain will make a clean break with the EU in December in 2020. Plus, the FT’s Laura Hughes lays out Northern Ireland’s role in the UK general election in the days leading up to the vote.

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Friday, December 6 Dec 06, 2019

Dark money has made it way into political advertising in the UK general election, buyout group CVC Capital Partners holds talks with Fifa and Real Madrid about creating new global football tournaments and Speaker of the US House of Representatives, Uber releases its first-ever safety report and Nancy Pelosi, instructs fellow Democrats to draw up articles of impeachment against Donald Trump. Plus, the FT’s Anjli Raval breaks down Saudi Aramco’s $25.6bn IPO as Opec leaders meet in Vienna.

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Thursday, December 5 Dec 05, 2019

Former World Bank president Robert Zoellick delivers a public rebuke of Donald Trump’s China policy, Boris Johnson vows not to involve Huawei in Britain’s 5G telecommunications networks if it compromises the country’s ability to work with security allies and the owners of the New York Mets are in talks to sell up to 80 per cent of the baseball club to hedge fund manager Steven Cohen. Plus, Saudi Arabia is pushing Opec to announce a deeper oil production cut.

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Wednesday, December 4 Dec 04, 2019

Google co-founders Larry Page and Sergey Brin step back from their day-to-day roles at Alphabet, US senator Kamala Harris drops out of the 2020 presidential race and the 70th-anniversary summit of Nato begins on a fractious note. Plus, US House Democrats have accused Donald Trump of abusing his office for political gain. The FT’s Peter Spiegel unpacks the report that will pave the way for articles of impeachment and a trial in the Senate.

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Tuesday, December 3 Dec 03, 2019

The Trump administration is on a tariff blitz, proposing levies on goods from France, the EU, Brazil and Argentina. In the UK, the Conservative party braces for what could be the most perilous week of the election campaign, and Sweden backs away from negative rates despite a weakening economy.

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Monday, December 2 Dec 02, 2019

The Federal Reserve is considering letting inflation run above its 2 per cent target, UK politicians play a blame game after Friday’s tragedy at London Bridge and the EU’s ambitious new commission is likely to be overshadowed by a festering row over the budget. Plus, we will look at what Brussels is doing to retool industrial policy.

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Friday, November 29 Nov 29, 2019

US political parties develop new technology that will access voters through the phone contacts of their supporters, OECD data shows the European Union is hit hard by the global trade slowdown and premium economy class overtakes business on several airline carriers as the most profitable seats. Plus, the latest on Japan South Korea tensions. The FT’s Edward White explains why South Korean forced labour victims are being lobbied to drop their claims for reparations.

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Thursday, November 28 Nov 28, 2019

US President Donald Trump signs two bills supporting Hong Kong’s pro-democracy protesters, Christine Lagarde pushes for climate change to be part of a strategic review of the European Central Bank’s purpose and assets under management at Fisher Investments hit a record high of $115bn at the end of October despite lewd remarks by its founder, Ken Fisher. Plus, India’s growth numbers are due out Friday. The FT’s Benjamin Parkin explains what is behind the country’s deepening economic slowdown.

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Wednesday, November 27 Nov 27, 2019

Xerox said it would take its proposal for a $33bn takeover of HP directly to the personal computer maker’s shareholders, Nasdaq’s listings business is on course to eclipse that of bitter rival the New York Stock Exchange this year and Manchester City’s owner has agreed to sell a $500m stake to private equity firm Silver Lake in a deal that breaks a record in sports valuations. Plus, the FT’s Leslie Hook explains why China’s commitment to renewable energy has lagged in recent years, and why it’s causing alarm ahead of the annual UN climate talks.

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Tuesday, November 26 Nov 26, 2019

Companies unleash a wave of global takeovers, agreeing to more than $70bn in deals, famed investor Bill Gross warns that US stock and bond markets are set for a tougher time in 2020, a judge rules that Donald Trump cannot stop his most senior advisers testifying to Congress and revised official data show that Mexico’s economy has entered a technical recession. Plus, Uber has been stripped of its London licence. The FT’s Tim Bradshaw explains what it means for the ride-sharing company.

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Monday, November 25 Nov 25, 2019

Pro-democracy candidates take more than half of seats in Hong Kong’s local council elections amid record voter turnout, UK prime minister Boris Johnson launches a low-risk Conservative manifesto and Michael Bloomberg officially announces he is running for US president. Plus, LVMH is set to buy Tiffany & Co for $16.7bn. The FT’s Eric Platt breaks down the latest offer.

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Friday, November 22 Nov 22, 2019

Politicians and privacy campaigners call for Google’s $2.1bn deal for Fitbit to be blocked, Israeli prime minister Benjamin Netanyahu will be hit by prosecutors on bribery, fraud and breach of trust charges, and a subsidiary of China’s largest construction group has suspended work on one of the nation’s tallest skyscrapers. Plus, the FT’s Eric Platt explains why Charles Schwab is ready to put down $25bn to acquire TD Ameritrade.

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Thursday, November 21 Nov 21, 2019

The US ambassador to the EU, Gordon Sondland, turns against Donald Trump in an explosive impeachment testimony, Saudi Arabia marginalises global banks in the final stage of Saudi Aramco’s flotation process and GM sues rival Fiat Chrysler, claiming FCA bribed officials of the UAW union during bargaining talks with GM. Plus, the FT’s Alistair Gray explains why Walmart is thriving once again.

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Wednesday, November 20 Nov 20, 2019

Boris Johnson narrowly beats rival Jeremy Corbyn in a high-stakes televised duel,Lieutenant Colonel Alexander Vindman, a current White House official, testifies that Donald Trump made an ‘improper” demand in a July 25 phone call with the Ukrainian president, and the US National Transportation Safety Board says the main cause of a fatal accident involving a self-driving Uber was the back-up driver’s “failure” to monitor the road. Plus, the FT’s Anna Gross breaks down why the Brazilian president’s decision to allow sugarcane cultivation has become another roadblock in the way for a landmark trade deal between the EU and South America.

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Tuesday, November 19 Nov 19, 2019

Alibaba is set to raise up to $13.4bn in a secondary listing in Hong Kong even as violence in the financial centre intensifies. Many see the IPO as a critical test of confidence in both Hong Kong and Beijing. Next, Coty buys a controlling stake in Kylie Jenner’s cosmetics company and UK prime minister Boris Johnson shelves a proposed cut to corporation tax at the CBI’s annual conference on Monday. Plus, Facebook declared that it had shut down 5.4bn fake accounts in the first nine months of this year. The FT’s Lex deputy editor, Elaine Moore, dives into the social network’s fake accounts problem.

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Monday, November 18 Nov 18, 2019

Saudi Aramco scales back the initial public offering of its state oil giant, Nancy Pelosi, the Speaker of the US House of Representatives, says she will “make sure” President Donald Trump does not “intimidate” the whistleblower who sparked the impeachment inquiry, UK prime minister Boris Johnson is expected to pledge to reduce business rates and provide a series of tax breaks worth about £1bn a year and HP’s board of directors unanimously rejects a $22-a-share bid from rival Xerox. Plus, the FT’s Archie Hall explains why some yield-starved investors are piling into income share agreements with students looking to finance higher education.

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Friday, November 15 Nov 15, 2019

The US and China are struggling to complete a ‘phase one’ deal to halt their trade war, former Goldman Sachs chief executive Lloyd Blankfein takes aim at US Democratic presidential candidate Elizabeth Warren, saying that “maybe tribalism is just in her DNA” and Amazon’s Jeff Bezos is fighting back against the Trump administration award of the $10bn Jedi military contract to Microsoft. Plus, the FT’s Madhumita Murgia reports on Google’s plan to lock down advertisers’ access to personal user data.

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Thursday, November 14 Nov 14, 2019

WeWork said its losses more than doubled to $1.3bn in the third quarter of 2019, researchers say a smartphone app developed by the Home Office for EU citizens has serious vulnerabilities, Google is talking to US banks about offering checking accounts to its customers and outgoing European Council president Donald Tusk takes aim at Brexiters “longing for the Empire”. Plus, the FT’s Peter Spiegel analyses the first day of public impeachment hearings on the Trump administration’s dealings with Ukraine.

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Wednesday, November 13 Nov 13, 2019

Somepopular UK health websites are sharing people’s sensitive data to ad-targeting giants such as Google, Amazon and Facebook, and US president Donald Trump threatens to escalate the trade war with China if no truce is reached. Plus,Tesla has plans to bring its first European production site to Berlin and Spain’s Socialist party strikes a deal with the radical leftwing Podemos party in what could be the country’s first modern coalition government. Plus, Germany is on the brink of a recession, but the country’s services business and consumer spending are thriving. The FT’s Martin Arnold explains.

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Tuesday, November 12 Nov 12, 2019

Sources tell the FT that US private equity firm Cerberus has lost faith in Deutsche Bank’s chairman Paul Achleitner and is pushing for him to be replaced, WeWork has held talks with T-Mobile US boss John Legere to become its new chief executive and KKR woos Walgreens with a $70bn buyout proposal. Plus, the FT’s political editor George Parker unpacks how the UK elections have unravelled and what to expect next.

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Monday, November 11 Nov 11, 2019

Christine Lagarde is expected to face calls for an overhaul of how the European Central Bank decides monetary policy, Apple has piled on more than $400bn of market capitalisation so far this year, Bolivia’s socialist President Evo Morales has stepped down after almost 14 years in power and elections in Spain failed to break the country’s political impasse. Plus, the FT’s Anna Nicolaou explains why teens and media executives, alike, are taking note of TikTok.

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Introducing FT Politics: UK Election Countdown Nov 09, 2019

We have another FT podcast to share. With FT Politics: UK Election Countdown, you can keep up with the twists and turns of the December 12 poll.

The first week of the election did not go to plan for the Conservatives, as their campaign was beset by gaffes and mistakes. Can Boris Johnson get back on track? Is Labour pleased with how its campaign is going? Plus, the politics team delves into the new fiscal rules pledged by both parties and what the spending splurge means.

You can find FT Politics: UK Election Countdown wherever you listen to podcasts.

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Friday, November 8 Nov 08, 2019

Bankers for Saudi Aramco’s initial public offering have dangled the possibility of bonus payouts that could take the company’s annual dividend past $100bn and Disney’s costs climb as it gets ready to debut its new streaming service. Meanwhile, billionaire and former mayor of New York City Michael Bloomberg has taken his first official steps to run for the Democratic presidential nomination in 2020, US stocks closed at record highs on Thursday following reports that Washington and Beijing agreed to remove some trade tariffs in phases and the Bank of England has given its clearest signal yet that it will be prepared to cut interest rates if the UK economy slows further. Plus, Spain will head to the polls on Sunday for the fourth time in as many years. The FT’s Daniel Dombey explains the political deadlock, and what to expect from the upcoming election.

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Thursday, November 7 Nov 07, 2019

Airbnb is being valued at up to $42bn by investors buying indirect stakes ahead of an IPO next year and the US Department of Justice has charged two former Twitter employees with using the platform to spy for the Saudi government. Meanwhile, SoftBank founder Masayoshi Son admits turning a “blind eye” to governance lapses at WeWork, Uber shares hit a new low on Wednesday following the end of the early investors’ lock-up period and Xerox launches a bid to acquire its much larger rival HP for more than $30bn, including debt. Plus, the French government has pledged to “take back control” of its immigration policy. The FT’s Victor Mallet explains why the crackdown is coming now.

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Wednesday, November 6 Nov 06, 2019

Donald Trump’s envoy to the EU acknowledges Ukraine aid was linked to a probe into Joe Biden, Ikea and H&M resist retail disruption by investing hundreds of millions of euros into venture capital investments and Germany’s finance minister, Olaf Scholz, offers hope of a breakthrough in plans to create a full eurozone banking union. Plus, an FT investigation shows that air pollution on the London Underground is as much as 10 times above health guidelines.

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Tuesday, November 5 Nov 05, 2019

Uber’s rising revenue fails to stem a large loss in the third quarter and SoftBank tightens governance at companies it backs following the near collapse of WeWork. Meanwhile, Trump administration officials debate whether to remove some existing tariffs on Chinese goods to seal a partial deal, UK MPs vote in favor of Lindsay Hoyle as the next Speaker of the House of Commons, and a second senior executive leaves McDonald’s after the chief executive was fired over a relationship with an employee. Plus, are Americans better off financially than they were four years ago? A new FT-Peterson poll has some interesting answers.

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Monday, November 4 Nov 04, 2019

The whistleblower who sparked the impeachment inquiry into Donald Trump agrees to answer questions by House Republicans, Saudi Aramco launches its long-awaited IPO, regulators call on Deutsche Bank’s Christian Sewing to give up his dual role as chief executive and investment bank head, and McDonald’s sacks its chief executive over a relationship the fast-food giant said is a violation of company policy. Plus, Facebook, Google and other big technology companies are facing several US investigations into their corporate power. The FT’s Kiran Stacey looks at which investigations the industry should worry about.

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Friday, November 1 Nov 01, 2019

The US House of Representatives votes to begin a new public phase in the impeachment inquiry into Donald Trump, Adam Neumann’s former chief of staff accuses WeWork and its co-founder of discriminating against women, Shares in Pinterest fall after the company reported third-quarter revenues below expectations and Altria writes down the value of its investment in Juul by $4.5bn. Plus, the FT’s David Crow explains why European banks have run out of options to protect profits.

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Thursday, October 31 Oct 31, 2019

The US Department of Justice strikes a deal with the Malaysian financier at the centre of the 1MDB scandal, Apple posts quarterly earnings showing strong accessory sales even as smartphone and Mac sales declined, and new documents reveal that Boeing pushed to limit expensive pilot training for its 737 Max jet. Plus, the Federal Reserve cut interest rates for the third time this year. The FT’s Jennifer Ablan explains what this signals about the central bank’s outlook for the US economy.

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Wednesday, October 30 Oct 30, 2019

British MPs set a general election for December 12, the owner of French carmaker Peugeot is in merger talks with rival Fiat Chrysler Automobiles to create a company worth more than $47bn, and US senators lash out at Boeing chief executive Dennis Muilenburg in his first appearance before Congress since the two fatal crashes of its 737 max jet. Plus, the FT’s Mehul Srivastava reports on a WhatsApp hack that led to the targeting of 100 journalists and dissidents.

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Tuesday, October 29 Oct 29, 2019

Alphabet revenues were hit by rising costs in the third quarter despite a strong performance by Google’s ad business, and UK prime minister Boris Johnson will push ahead with another attempt to set a December general election.

Plus, the FT reports that TikTok parent company ByteDance is planning to go public in Hong Kong next year, Beyond Meat posts its first quarterly profit since going public and the US House of Representatives will vote to formalise its impeachment inquiry. Then, Sir Richard Branson’s Virgin Galactic made its trading debut on Monday, becoming the first space tourism company to launch on to public markets.

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Monday, October 28 Oct 28, 2019

Alberto Fernández defeats Mauricio Macri to become the next president of Argentina, Lloyds Banking Group failed to pass on the wills of thousands of deceased customers to their families and President Donald Trump announces that Isis Leader, Abu Bakr al-Baghdadi, was killed by US special forces. Plus, the FT’s San Francisco correspondent Patrick McGee explains how Uber is trying to become the west’s first super-app.

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Friday, October 25 Oct 25, 2019

Amazon shares dropped as much as 9 per cent in after-hours trading on Thursday after the company reported lower profits than a year ago, Boris Johnson makes a fresh push for a UK general election, the European Central Bank keeps rates on hold at president Mario Draghi’s last policy meeting and Paris overtakes Berlin in tech start-up activity. Plus, leftwing populists are poised to retake power in Argentine elections on Sunday. The FT’s Colby Smith explains what this could mean for the country’s debtholders.

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Thursday, October 24 Oct 24, 2019

Tesla shares soar 20 per cent in after-hours trade after posting a net profit in the third quarter, and Donald Trump says he will remove sanctions imposed on Turkey a day ahead of a Nato defence ministers meeting. Plus, WeWork plans to axe 4,000 jobs, European Council president Donald Tusk is trying to persuade leaders to back a Brexit delay and Boris Johnson’s government and party are split on whether to push for a general election. Then, the FT’s Washington correspondent, Kiran Stacey, unpacks Mark Zuckerberg’s defence of the Libra digital currency project.

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Wednesday, October 23 Oct 23, 2019

British MPs back Boris Johnson’s Brexit deal in principle, but derail his attempt to take the UK out of the EU by October 31, and US commerce secretary Wilbur Ross floats new talks with the EU as an alternative to imposing car tariffs next month.

Plus, the top US diplomat in Kiev says Donald Trump withheld Ukraine aid over a request to investigate political rivals, Turkey and Russia agree to the removal of Kurdish fighters from a buffer zone in north-east Syria, the Chinese government is drawing up a plan to replace Hong Kong leader Carrie Lam, and Snapchat’s parent company says it expects to hit its target of turning a profit by the end of the year. Then, FT industry editor Peggy Hollinger tells us what Boeing has to do to regain trust as it tries to get its 737 Max plane back in the air.

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Tuesday, October 22 Oct 22, 2019

Justin Trudeau’s Liberal party was set for a minority government win in Canada’s general election, SoftBank floats a $9.5bn proposal to take control of WeWork, Israeli prime minister Benjamin Netanyahu abandons attempts to build a governing coalition, researchers at IBM claim that Google is wrong to say it is the first to achieve “quantum supremacy” and three drug distributors, as well as two pharmaceutical companies, sketch out a $48bn proposal to settle lawsuits related to the US opioid epidemic.

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Monday, October 21 Oct 21, 2019

Boris Johnson makes a new attempt to win parliament’s backing for his Brexit deal on Monday, UK officials say a Russian cyberattack unit “masqueraded” as Iranian hackers to lead attacks against 35 countries and Standard Chartered chief executive Bill Winters is planning to accept a voluntary pay cut in response to a dispute over his pension allowance. Plus, Canadians will go to the polls in a general election today. FT contributor Jason Kirby reports on what is at stake for prime minister Justin Trudeau.

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Friday, October 18 Oct 18, 2019

Boris Johnson attempts to secure parliamentary support for his Brexit deal, Saudi Aramco postpones the launch of its long-awaited initial public offering and Facebook reveals a project to prevent minors from being exploited on its platforms. Plus, Turkey agrees to pause its military incursion in Syria as the US pledges to ease sanctions, and Mick Mulvaney, acting White House chief of staff, makes an admission regarding Donald Trump’s July phone call to Ukraine.

With Lauren Fedor, FT Washington correspondent.

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Thursday, October 17 Oct 17, 2019

Brexit negotiators wrangle over the terms of a deal ahead of the start of Thursday’s EU summit, Netflix missed its forecast for new subscribers for the second straight quarter, thousands of Hong Kong’s wealthy residents are opening bank accounts in Singapore and other financial centres as they try to protect themselves against the territory’s unrest, IBM came up short of Wall Street’s revenue expectations in the latest quarter, the US House of Representatives voted to condemn president Donald Trump over his move to withdraw troops from Syria and American shoppers curbed their spending last month according to weak Commerce Department data.

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Wednesday, October 16 Oct 16, 2019

The US House of Representatives passed an act voicing strong support for Hong Kong pro-democracy protesters, and Boris Johnson was on Tuesday night locked in a race against time to secure a Brexit deal. Plus, the IMF slashes global growth forecasts, Rudy Giuliani refuses to comply with a congressional subpoena that is part of the impeachment inquiry investigating Donald Trump, and the price of WeWork’s bonds dropped to new lows on Tuesday. Then, the FT’s Laura Noonan tells us why some bankers are still optimistic about the IPO market, even after WeWork’s failed attempt to go public.

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Tuesday, October 15 Oct 15, 2019

Donald Trump imposes sanctions against Turkish officials, hopes fade for a Brexit deal at a European summit this week, Facebook admits doubts about its digital currency, Libra, as regulatory hurdles loom and African swine fever drives up European pork prices. Plus, the FT’s James Politi explains why the US-China trade truce reached last week is still fragile.

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Monday, October 14 Oct 14, 2019

UK prime minister Boris Johnson gears up for what could be a historic week for Brexit ahead of the EU leaders’ summit, US banks enter the earnings season with the Federal Reserve in rate-cutting mode and the FT’s Andrew Edgecliffe-Johnson explains how in Levi Strauss’s rebirth as a public company, it still manages to meet its ‘profits through principles’ mission.

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Friday, October 11 Oct 11, 2019

Sterling had its biggest day since March on Thursday amid hopes for a Brexit deal, James Murdoch’s new holding company has agreed to buy a minority stake in Vice Media and the US and China are aiming to reach a trade war truce as early as this week. Plus, the FT’s Frankfurt bureau chief Martin Arnold explains how the European Central Bank’s divide over quantitative easing is affecting the global economy.

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Thursday, October 10 Oct 10, 2019

US senators will propose sanctions on Turkey after President Recep Tayyip Erdogan launched an offensive in north-east Syria, EU leaders issue an ultimatum to UK prime minister Boris Johnson ahead of crucial Brexit talks with his Irish counterpart Leo Varadkar and leaked documents show the European Central Bank decided to restart its bond-buying programme last month over the objections of its own officials. Plus, the FT’s Kadhim Shubber explains what options are still on the table for US Congressional Democrats after the White House said it would not cooperate in an impeachment inquiry.

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Wednesday, October 9 Oct 09, 2019

US stocks staged a late-session sell-off on Tuesday after the Trump administration ratcheted up pressure on China ahead of trade talks after it imposed visa restrictions on individuals, at least 50 conservative UK MPs threaten to revolt against a general election manifesto that pledges to pursue a no-deal Brexit, and the White House has declared that it will not co-operate with the inquiry into an impeachment of Donald Trump. Plus, the FT’s Kiran Stacey explains how the US standoff with China now sees it encouraging investment in Huawei rivals in Europe.

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Tuesday, October 8 Oct 08, 2019

Hong Kong Exchanges and Clearing says it will not proceed with its £32bn offer for the London Stock Exchange Group, the president of the World Bank warns that global growth could fall short of the 2.6 per cent rate it predicted in June and fallout from the protracted strike by General Motors workers has seen the total number of temporary suspensions mount to almost 60,000. Plus, Donald Trump clears Turkey to launch an operation against US-backed Kurds in Syria. The FT’s Laura Pitel explains what this means for the region.

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Monday, October 7 Oct 07, 2019

HSBC embarks on a cost-cutting drive that threatens up to 10,000 jobs, 2020 presidential hopeful Joe Biden accuses US president Donald Trump of spreading “flat-out lies”, and a post-Brexit trade deal with the US could “severely limit” Britain’s ability to negotiate an equivalent agreement with the EU, according to a leaked government paper. Plus, the FT’s Sarah Neville explains how Novo Nordisk tries to balance rising prices when it comes to insulin products with giving back to the diabetic community.

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Friday, October 4 Oct 04, 2019

Donald Trump urges China to investigate former US vice president Joe Biden and the FT’s Washington bureau chief Demetri Sevastopulo explains how Mr Biden is handling the Ukrainegate fallout. Plus, the UK and the US agree to a deal where police and intelligence agencies are to be given expedited access to the electronic communications of terror and crime suspects, and PayPal is on the verge of quitting Facebook’s Libra cryptocurrency project.

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Thursday, October 3 Oct 03, 2019

Global stocks fell heavily on Wednesday, with the UK market having its worst day in more than three years, while the Trump administration will move to impose tariffs on a wide range of imports from the EU later this month after prevailing in a WTO case over illegal aircraft subsidies, and Donald Trump says he will co-operate with congressional subpoenas related to the impeachment inquiry engulfing his presidency. Plus, the FT’s Sebastian Payne dissects Boris Johnson’s UK Conservative party conference speech and the prime minister’s new Brexit plan.

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Wednesday, October 2 Oct 02, 2019

The US manufacturing sector contracted for the second consecutive month in September, falling to its lowest level since the recession, Charles Schwab escalates a war among stock-trading platforms by scrapping its fees, and a US appeals court rules that states can set their own standards over so-called “net neutrality”. Plus, the FT’s Sam Jones explains the deepening Credit Suisse spy scandal.

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Tuesday, October 1 Oct 01, 2019

US Republican Senate majority leader Mitch McConnell said he would hold a trial in the Senate if the House of Representatives voted to impeach President Donald Trump, European central bankers put pressure on politicians to put limits on the mortgage market as house prices heat up, and WeWork has formally withdrawn its plan for an initial public offering. Plus, the FT’s Anjli Raval explains how oil companies such as Royal Dutch Shell are facing a dilemma as they try to move toward clean energy.

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Monday, September 30 Sep 30, 2019

Global dealmaking eases to the slowest pace in more than two years and more than 400,000 German car owners sign up to a landmark collective lawsuit against Volkswagen over emissions test cheating. Plus, the FT’s George Parker reports from the UK Conservative party conference in Manchester and we hear from a protester in Hong Kong, five years after the territory’s last major pro-democracy campaign.

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Friday, September 27 Sep 27, 2019

The White House faced accusations of a cover-up on Thursday after the publication of a whistleblower complaint, Peloton traded below the company’s float price after the fitness equipment company went public on Thursday and Hollywood talent agency owner Endeavor shelved its plans to list. Plus, the FT’s Mehreen Khan explains what a decision by Europe’s highest court means for search engines and the “right to be forgotten” online.

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Thursday, September 26 Sep 26, 2019

A memo from the White House reveals that US president Donald Trump asked Ukraine president Volodymyr Zelensky to investigate former vice-president Joe Biden and his son and UK prime minister Boris Johnson paves the way for an acrimonious “people versus parliament” general election. Plus, fitness equipment start-up Peloton will seek an $8.2bn valuation when its shares begin trading on Thursday and Germany’s representative on the European Central Bank’s executive board quits over loose monetary policy.

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Wednesday, September 25 Sep 25, 2019

House Democrats have launched impeachment proceedings against US president Donald Trump and Adam Neumann has been pushed out as chief executive of WeWork following the dramatic collapse of its initial public offering. Plus, the FT’s chief foreign affairs commentator, Gideon Rachman, sets out what is next for Boris Johnson and British politics following the Supreme Court’s rebuke of the prime minister’s suspension of parliament.

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Tuesday, September 24 Sep 24, 2019

UK prime minister Boris Johnson calls for a new deal with Iran, Netflix sees its shares erase all gains for 2019 while Barclays analysts question if its valuation was too high, and Thomas Cook’s management faces a UK government-backed inquiry after the collapse of the travel group. Plus, the FT’s car industry correspondent Peter Campbell explains what a recent settlement with the Securities and Exchange Commission means for Carlos Ghosn and Nissan.

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Monday, September 23 Sep 23, 2019

SoftBank moves to oust Adam Neumann as the chief executive of WeWork, US president Donald Trump and Indian prime minister Narendra Modi perform a double act at a rally of nearly 50,000 Indian-Americans in Texas and Jeremy Corbyn calls rumours he could soon step down as Labour leader “wishful thinking” during the party’s annual conference. Plus, world leaders will gather in New York City this week for the UN General Assembly and the UN climate summit. The FT’s Gillian Tett tells us what to expect.

Sign up for the FT's Moral Money email newsletter at ft.com/moralmoney.

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Friday, September 20 Sep 20, 2019

Saudi Arabia is pressuring wealthy families to buy in to the initial public offering of state oil giant Saudi Aramco, the Federal Reserve intervened in the US money markets for the third day in a row on Thursday and promised it would so again today, Sterling climbed back over the $1.25 mark on Thursday after European Commission president Jean-Claude Juncker said a Brexit deal was possible, and companies are racing to burnish their green credentials ahead of today’s global climate protest. Plus, the FT’s Anna Nicolaou tells us why Netflix is starting to look vulnerable.

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Thursday, September 19 Sep 19, 2019

Canadian prime minister Justin Trudeau apologises for wearing brownface makeup at a private school party after Time magazine published a yearbook photo from 2001, Cisco chief executive Chuck Robbins dismisses fears of a breakdown in global supply chains, saying he expects Washington and Beijing to reach a deal ending their trade war, KPMG UK plans to cut hundreds of staff in a wave of cost-cutting, and shares in FedEx tumbled on Wednesday, a day after the company reported its weakest sales growth in a decade. Plus, the Federal Reserve cut US interest rates by a quarter point on Wednesday. Our US economics editor, Brendan Greeley, unpacks the move.

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Wednesday, September 18 Sep 18, 2019

The Federal Reserve Bank of New York announces plans to inject another $75bn into the US financial system to alleviate funding pressures in short-term lending markets, researchers find that smart TVs are leaking sensitive user data to companies including Netflix and Google and Israeli prime minister Benjamin Netanyahu fails to clinch an outright majority for his Likud party in Tuesday’s general election. Plus, the FT’s chief economics commentator, Martin Wolf, says economies are not delivering for most citizens. He tells us what corporations can do to fix the damage.

FT.com is free to read today for #FTOpenDay. You can read all of the stories linked below without hitting the paywall.

Take a look at the stories we covered in today’s briefing:

Fed plans second intervention to ease funding squeeze

https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17

Benjamin Netanyahu left vulnerable by inconclusive Israel election

https://www.ft.com/content/828ac962-d984-11e9-8f9b-77216ebe1f17

Smart TVs sending sensitive data to Netflix and Facebook

http://ft.com/content/23ab2f68-d957-11e9-8f9b-77216ebe1f17

Martin Wolf: why rentier capitalism is damaging liberal democracy

https://www.ft.com/content/5a8ab27e-d470-11e9-8367-807ebd53ab77

Marc's suggested reads:

WeWork’s Adam Neumann admits to being ‘humbled’

https://www.ft.com/content/7d543f5a-d94d-11e9-8f9b-77216ebe1f17

My daughter, the footballer: sexism and the beautiful game

https://www.ft.com/content/16f35962-e288-11e6-9645-c9357a75844a

Global cities begin to shrink as inner areas empty out

https://www.ft.com/content/c88b4c54-b925-11e9-96bd-8e884d3ea203

Russia’s role in producing the taxman of the future

https://www.ft.com/content/38967766-aec8-11e9-8030-530adfa879c2

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Tuesday, September 17 Sep 17, 2019

WeWork postponed its initial public offering on Monday night after struggling to drum up investor interest, US president Donald Trump says he has struck an “initial” deal on tariff barriers with Japan, EU chiefs say that UK prime minister Boris Johnson brought no fresh proposals to the table during Monday’s Brexit talks in Luxembourg and billionaire philanthropist Bill Gates says the world is “nowhere near” hitting the United Nations’ Sustainable Development Goals. Plus, the FT’s Peter Wells explains how the attack on Saudi Arabia’s major crude processing plant over the weekend will have an effect on the global economy.

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Monday, September 16 Sep 16, 2019

Saudi Arabia faces weeks without full crude production capacity after an attack on the world’s most important oil facility, China’s formerly acquisitive companies have become net sellers of global assets this year for the first time in a decade, thousands of General Motors workers are set to strike after talks broke down over pay and healthcare benefits at the company’s US factories and Brexit secretary Steve Barclay said that Britain could stay in a standstill transition deal with the EU until the end of 2022. Plus, the FT’s Mehul Srivastava tells us what is at stake Israel’s second election of the year.

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Friday, September 13 Sep 13, 2019

WeWork’s executives, investors and advisers are discussing curbing the voting power of co-founder Adam Neumann, Speaker of the UK House of Commons John Bercow warns prime minister Boris Johnson that he will allow parliament to do whatever it takes to avoid a no-deal Brexit, British Airways cancels flights on September 27 because of a planned pilot strike, dentistry company SmileDirectClub sees price shares tumble in its public market debut and Hong Kong Exchanges and Clearing is prepared to sweeten the terms of its £32bn offer for the London Stock Exchange Group. Plus, the FT’s Frankfurt editor Martin Arnold explains how the European Central Bank’s historic package of rate cuts and economic stimulus will affect the eurozone economy.

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Thursday, September 12 Sep 12, 2019

Purdue Pharma and its controlling Sackler family members strike a preliminary deal with several US states and local governments to resolve legal claims stemming from the opioid crisis, the FT reports that the Pentagon is compiling a list of companies with ties to the Chinese military and the UK government releases the controversial “Operation Yellowhammer” document that outlines the potential damage from a no-deal Brexit. Plus, the FT’s Philip Stafford explains why investors have given a cold shoulder to Hong Kong Exchanges and Clearing's £32bn bid for the London Stock Exchange.

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Wednesday, September 11 Sep 11, 2019

Apple unveils the iPhone 11 and undercuts streaming rivals Netflix and Disney with a $4.99-a-month price tag for its TV+ service, and Uber cuts more than 400 engineering and product jobs in the second round of lay-offs since its May stock market listing. Plus, exercise start-up Peloton is eyeing a valuation of up to $8.2bn in its initial public offering and Margrethe Vestager holds on to a beefed-up competition role in the new European Commission. Also, the FT’s US managing editor, Peter Spiegel, unpacks the firing of US national security adviser John Bolton.

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Tuesday, September 10 Sep 10, 2019

Softbank, the biggest outside shareholder in WeWork, is urging the lossmaking property group to shelve its hotly anticipated initial public offering, attorneys-general from 50 US states and territories launch an investigation into Google’s dominance in online search and advertising and UK prime minister Boris Johnson loses a second attempt to hold a snap election to break Britain’s Brexit impasse. Plus, the FT’s Nicholas Megaw explains how the mis-selling of payment protection insurance caused a £50bn British banking scandal.

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Monday, September 9 Sep 09, 2019

A study found that nearly 40 per cent of worldwide foreign direct investment is used as a vehicle for financial engineering to minimise companies’ tax liabilities, and British Airways cancelled about 50 mostly UK-bound flights on Sunday as the airline braces for a two-day pilot strike. Plus, exports from China fell in August as the country’s trade dispute with the US took a heavier than expected toll on the manufacturing sector and Saudi Arabia has removed energy minister Khalid al-Falih, one of the most powerful figures in the global oil industry. Also, the FT’s Jim Pickard previews the week ahead in UK politics and what it could mean for Brexit.

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Friday, September 6 Sep 06, 2019

UK Labour MPs appear set to reject Boris Johnson’s push for a snap election and US Treasury secretary Steven Mnuchin moves to return Fannie Mae and Freddie Mac to private ownership. Plus, WeWork expects to be valued at less than half of the $47bn figure reached in its last round of funding from Japan’s SoftBank and news that the US and China will resume trade negotiations sent Wall Street equities higher on Thursday. Also, the FT’s Shanghai correspondent, Tom Hancock, explains why China’s tech groups, including Alibaba, have poured money into physical retail and how that bet worked out for them.

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Thursday, September 5 Sep 05, 2019

Boris Johnson suffered two major defeats on Wednesday as MPs backed legislation to stop a no-deal Brexit and then blocked the prime minister’s attempt to call an election to regain the initiative on Brexit. Plus, workplace chat app Slack posted strong revenue growth and predicted bigger losses during its debut results since going public, Hong Kong’s chief executive Carrie Lam withdrew the controversial extradition bill that sparked three months of protests, Apple returned to the bond market for the first time since 2017 and YouTube and its parent company, Google, agreed to pay $170m to US regulators after being accused of violating children’s privacy. Also, the FT’s Madhumita Murgia explains how Google has been accused of secretly feeding personal data to advertisers.

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Wednesday, September 4 Sep 04, 2019

UK Conservative rebels inflict a Commons defeat on prime minister Boris Johnson’s Brexit policy, leaving Britain on the brink of a general election. Plus, Italy’s Five Star Movement votes heavily in favour of a coalition with a centre-left rival, Walmart introduces new restrictions on sales of ammunition a month after a mass shooting occurred at one of its stores, and the US manufacturing sector contracts for the first time since 2016 amid global trade tensions and fears of slowing domestic growth.

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Tuesday, September 3 Sep 03, 2019

UK prime minister Boris Johnson threatens to call an October 14 general election if rebel Tory MPs join forces with Labour today, Germany’s export-dependent economy is suffering from a Brexit shock as a potential recession looms and the long-running merger talks between Allen & Overy and O’Melveny & Myers collapse. Plus, the FT’s Hannah Kuchler goes into the history of Verily, the health organisation spun out of Google’s secretive research facility.

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Monday, September 2 Sep 02, 2019

In a Labor Day special episode, as Philip Morris International enters into merger talks with Altria, we take a look at the evolution of the tobacco industry. Plus, the World Bank estimates that in 2019, some 270m migrants globally will send a combined $689bn back home. We take a look at remittances and the way they are affecting economies.

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Friday, August 30 Aug 30, 2019

US companies are unlikely to heed Donald Trump’s call to ditch their investments in China, Argentina’s request for more time to pay $101bn of debts meets a cool reception from the country’s creditors, and UK prime minister Boris Johnson is sending his chief Brexit negotiator to meet with EU counterparts to hammer out a revised exit deal. Plus, the FT’s James Politi walks us through the legacy Christine Lagarde leaves at the IMF and what it might say about her future as the incoming president of the European Central Bank.

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Thursday, August 29 Aug 29, 2019

Italy appears to be heading towards a new government after the far-right is sidelined and two parties say they have reached a tentative coalition deal, Apple apologises for listening to the audio of recorded Siri conversations and Japan’s biggest internet auction site has banned trading in ivory. Plus, the FT’s Jim Pickard explains UK prime minister Boris Johnson’s move to suspend parliament and what happens next.

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Wednesday, August 28 Aug 28, 2019

Opioid maker Purdue Pharma and members of the controlling Sackler family have offered to settle thousands of lawsuits against the company for $10bn-$12bn, Phillip Morris International is in talks to merge with Altria in a deal that would create the world’s largest tobacco group, UK opposition parties agree to pursue legislation to prevent a no-deal Brexit, the Federal Reserve is forced to re-assert that “political considerations play absolutely no role” in policymaking and Amazon and Microsoft go unchallenged in a $10bn Pentagon cloud computing contract. Plus, the FT’s global finance correspondent Robin Wigglesworth explains why investors are concerned that the world economy is succumbing to “Japanification”.

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Tuesday, August 27 Aug 27, 2019

Drugmakers could decide to settle thousands of claims against them over the opioid crisis after a $572m court order against Johnson & Johnson, President Trump says China is seeking talks on a deal to end the ongoing trade war between the two countries and New York-based hedge fund manager, Autonomy Capital, saw its fund lose more than 16 per cent in the first two weeks of August as a result of Argentina’s financial market meltdown. Plus, the FT’s Brazil bureau chief Bryan Harris talks about a backlash against Brazilian business over the Amazon rainforest fires.

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Monday, August 26 Aug 26, 2019

In a Summer Bank Holiday special episode, we look at Wall Street’s pressure on private prisons and why some of the top global cities are shrinking.

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Friday, August 23 Aug 23, 2019

A harbinger of a recession, the yield on the two-year Treasury bill rose above that of the benchmark 10-year note again on Thursday as the world’s central bankers convened in Jackson Hole, Wyoming. Plus, intensifying regulatory scrutiny of Facebook’s Libra digital currency has spooked some of the project’s early backers, and Brazil’s environment minister says the solution to illegal logging in the Amazon is to “monetise” it. Then, the FT’s Victor Mallet previews what might come out of this weekend’s G7 summit.

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Thursday, August 22 Aug 22, 2019

European Commission officials tell the FT they are planning news rules that will give EU citizens explicit rights over the use of their facial recognition data, the IMF backs the scrapping of a longstanding age restriction, clearing the way for Kristalina Georgieva to take the top spot, President Emmanuel Macron of France scraps the tradition of a joint final communiqué at the G7 summit and minutes from the Federal Reserve’s July meeting reveal a split among officials over the July interest rate cut. Plus, the FT’s US economics editor, Brendan Greeley, tells us what the world’s monetary policymakers will be discussing in Jackson Hole, Wyoming this weekend.

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Wednesday, August 21 Aug 21, 2019

US president Donald Trump considers tax cuts to stimulate the economy and Italian prime minister Giuseppe Conte resigns. Also, US regulators rewrite the Volcker rule, Facebook launches a new privacy tool pilot and Walmart sues Tesla over solar panel fires. Plus, the FT’s Seb Payne unpacks the stand-off between Boris Johnson and European Council president Donald Tusk over Britain’s withdrawal agreement from the EU.

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Tuesday, August 20 Aug 20, 2019

Apple commits more than $6bn for original shows and movies ahead of the launch of its new video streaming service and UK prime minister Boris Johnson intensifies his efforts to jettison the Irish border backstop from the Brexit withdrawal agreement. Also, Facebook and Twitter move to curb Chinese state-backed disinformation campaigns that target pro-democracy Hong Kong protesters, the Trump administration gives Huawei a temporary reprieve, the US trade commission head says it would be difficult to break up Facebook and court papers reveal that Jeffrey Epstein signed a will two days before he died. Plus, the FT’s Richard Henderson explains why the group of top US executives comprising the Business Roundtable are ditching “shareholder primacy”.

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Monday, August 19 Aug 19, 2019

A body advising the European Central Bank warns that European banks and other financial institutions need to speed up their preparations for the phasing out of a key interest rate benchmark, top White House economic advisor Larry Kudlow says there is no recession coming, Donald Trump casts doubt on any Huawei reprieve and Hong Kong protesters rally in defiance of Beijing. Plus, the FT’s Madhumita Murgia explains how facial recognition software is creeping into security cameras in parts of London.

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Friday, August 16 Aug 16, 2019

Gibraltar releases an Iranian tanker after a court sets aside a last-minute legal bid from the US to seize the vessel and Walmart raises its outlook for the US market while government data show unexpectedly strong retail sales for July in the country. Plus, the yield on 30-year US government bonds falls below 2 per cent for the first time on Thursday, China’s paramilitary police converge in a stadium near the Hong Kong border and Israel bars two US congresswomen from entering the country. Also, the FT’s Patrick McGee tests out the Apple Card, which will be rolled out to US users later this month.

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Thursday, August 15 Aug 15, 2019

US equities fell 3 per cent on Wednesday on fears of slowing global growth, while bond markets signalled the chances of a mounting recession and WeWork unveiled its prospectus for a $3bn-$4bn initial public offering. Plus, UK Labour party leader Jeremy Corbyn sets out a proposal for a temporary government that would help delay Brexit, Canada’s ethics watchdog says Justin Trudeau violated conflict-of-interest law and PayPal targets growing demand from India’s mobile users.

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Wednesday, August 14 Aug 14, 2019

US stocks and China’s currency rallied sharply on Tuesday after Washington announced a delay to some additional tariffs on Chinese imports, hundreds of flights out of Hong Kong are cancelled for the second day in a row after protesters clash with police, CBS and Viacom agree on an all-stock merger and Facebook has halted the “human review” of recorded voice messages. Plus, the FT’s Tim Bradshaw explains plans that SoftBank’s Masayoshi Son has in store for the group’s second Vision Fund.

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Tuesday, August 13 Aug 13, 2019

Investors see the odds of an Argentine debt default soaring after opposition candidate Alberto Fernández’s victory in primary elections, the US yield curve flattened to levels not seen since before the financial crisis and consulting group KPMG ousted the head of its UK financial services unit after an investigation into his conduct involving messages sent on WhatsApp. Plus, the FT’s senior energy correspondent, Anjli Raval, unpacks Saudi Aramco’s first-ever earnings call in the lead up to its expected initial public offering.

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Monday, August 12 Aug 12, 2019

Global investment banks are shedding almost 30,000 jobs as the outlook for the sector deteriorates, BlackRock buys an $870m stake in Authentic Brands, which owns the brand rights to Marilyn Monroe and Elvis Presley and British workers travelling to the EU will be unable to carry out even basic business tasks after a no-deal Brexit unless they navigate a complex web of work permits. Plus, money manager and accused sex trafficker Jeffrey Epstein was found dead in a New York jail cell on Saturday. The FT’s Kadhim Shubber explains what this might mean for the alleged victims.

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Friday, August 9 Aug 09, 2019

Uber posts a $5.2 billion loss as costs from its initial public offering hit earnings, Italy’s prime minister Giuseppe Conte asks for parliament to be recalled so he can hold a vote of confidence and US stocks notched their biggest jump in two months on Thursday after upbeat Chinese data soothed investors’ nerves. Also, Broadcom agrees a deal to acquire Symantec’s enterprise security business for $10.7bn, Kraft Heinz takes another $1.2bn in writedowns, UK prime minister Boris Johnson eyes an election in the days after Brexit and sources tell the FT that at least nine senior figures have been removed from their posts at Turkey’s central bank. Plus, the FT’s US mergers and acquisitions correspondent, Eric Platt, tells us about WeWork’s corporate structure revamp as it prepares to go public.

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Thursday, August 8 Aug 08, 2019

US stocks closed in positive territory on Wednesday as investors pushed back against deepening concerns over global growth, and the Trump administration is cracking down on Huawei and other Chinese companies seen as security threats. Plus, Broadcom revives talks with Symantec, Russia’s state-owned oil company becomes the last major supplier of petrol to Venezuela, US secretary of state Mike Pompeo said America would be ready to sign a new trade deal with the UK after it leaves the EU and Lyft raises its 2019 financial forecasts. Also, the FT’s Richard Waters tells us about the San Francisco-based research group pursuing the Holy Grail of artificial intelligence.

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Wednesday, August 7 Aug 07, 2019

Disney shares fall as the company misses earnings estimates in its most recent quarter, Facebook sues two app developers for advertising fraud and Match Group raises earnings guidance for 2019 after a strong boost to Tinder subscribers in the second quarter. Plus, the FT’s US economics editor, Brendan Greely, explains why the Trump administration has few tools to weaken the dollar.

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Tuesday, August 6 Aug 06, 2019

US Treasury labels China a currency manipulator, Hong Kong’s first general strike in more than 50 years brings the city to a standstill, US president Donald Trump condemns white supremacy after two separate mass shootings and luxury department store chain Barneys New York prepares to file for bankruptcy.

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Monday, August 5 Aug 05, 2019

At least 29 people were killed in two separate shootings in the US over the weekend, Washington identifies Chinese tankers carrying Iranian oil and US retailers warn that new tariffs threaten to accelerate lay-offs across the industry. Plus, the FT’s Michael Stott explains the political standoff fuelling an economic collapse in Venezuela.

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Friday, August 2 Aug 02, 2019

US President Donald Trump says the US will place a 10 per cent tariff on $300bn of additional Chinese goods, growth in corporate share buybacks starts to cool, Pinterest shares surge after the social media network raises its full year forecasts and Bank of England forecasts show a one-in-three chance that the UK economy will shrink at the start of next year. Plus, George Parker recaps Boris Johnson’s first week as Prime Minister of the UK and the possibility of a no-deal Brexit.

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Thursday, August 1 Aug 01, 2019

The Federal Reserve cuts US interest rates by a quarter point, the Trump administration imposes sanctions on Iran’s foreign minister, UniCredit and Ford launch investigations into whether their data were caught up in the Capital One security breach and Qualcomm warns of “continued weakness in China”. Plus, Mexico narrowly avoided a recession in the second quarter. The FT’s Jude Webber explains what it means for the country’s president Andrés Manuel López Obrador and his promise to spur growth.

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Wednesday, July 31 Jul 31, 2019

The Federal Reserve is expected to announce the first cut in US interest rates since the global financial crisis, Apple delivers upbeat guidance for the rest of 2019 despite shrinking iPhone sales and new data shows that investors have flooded into Saudi stocks this year. Plus, Chris Giles, the FT’s economics editor, explains how Russia is using technology to record and tax real-time transactions.

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Tuesday, July 30 Jul 30, 2019

Uber eliminates 400 marketing jobs in a corporate reorganisation, Citigroup plans to axe hundreds of jobs in its global markets division and new data reveal more than 2,000 Chinese-made security cameras deemed a threat to national security remain in place in US government buildings. Plus, Pfizer reaches a deal to combine its Upjohn unit with generics drugmaker Mylan, Beyond Meat announces a stock sale and Sterling tumbles to its lowest level in two and a half years on Monday as market fears of a no-deal Brexit grow.

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Monday, July 29 Jul 29, 2019

The UK chancellor of the exchequer, Sajid Javid, plans to announce more than £1bn in increased funding for a no-deal Brexit, Deutsche Bank investigates whether confidential client data was compromised after it failed to deactivate dozens of accounts of fired staff, US President Donald Trump moves to replace Dan Coats as US director of national intelligence and some foreign car manufacturers in China are operating at a fraction of their potential output. Plus, the FT’s Arash Massoudi explains what the London Stock Exchange is looking to achieve with a potential takeover of financial market data provider Refinitiv.

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Friday, July 26 Jul 26, 2019

A rebound in Google’s advertising business propels revenues higher, Amazon’s move to one-day shipping reinvigorated revenue growth in the second quarter while costs increased, the European Union's chief Brexit negotiator calls UK prime minister Boris Johnson’s terms for talks on Brexit “unacceptable” and the European Central Bank signals that it will cut rates and embark on a fresh round of asset purchases. Plus, the FT’s Jude Webber explains why Latin America’s missing middle economy is affecting its contribution to global growth.

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Thursday, July 25 Jul 25, 2019

Former special counsel Robert Mueller warns of Russian interference in the 2020 US election during a day of hearings in Washington, Facebook reveals that the US Federal Trade Commission has launched a formal antitrust investigation into the company, Tesla posts deeper than expected losses as its profit margins fall and UK prime minister Boris Johnson vows to deliver Brexit in 99 days.

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Wednesday, July 24 Jul 24, 2019

Boris Johnson wins the UK Conservative party leadership race to become prime minister, the US Department of Justice announces a broad investigation into Big Tech’s market power, American officials are preparing a trip to China before the end of July in a bid to reignite trade talks, Snapchat’s parent company exceeds revenue estimates and boosts user numbers in the second quarter and WeWork aims to publicly list its shares as early as September.

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Tuesday, July 23 Jul 23, 2019

The White House and Democratic leaders reach an agreement to raise the US’s $22tn borrowing limit which takes it beyond the next election, Donald Trump promises major US technology companies that his administration will process their application to supply Huawei quickly, Washington issues sanctions against one of China’s largest state-backed oil companies for transporting Iranian crude oil and Starbucks takes a stake in Eatsa, a San Francisco-based restaurant tech company. Plus, Boris Johnson is widely expected to become the leader of the UK Conservative party on Tuesday. The FT’s political editor George Parker previews what is ahead for Britain with Boris Johnson as prime minister.

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Monday, July 22 Jul 22, 2019

Hong Kong protesters escalate demonstrations by targeting Chinese government offices, UK defence minister Tobias Ellwood rejects claims that the government could have stopped Iranian forces from capturing a British-flagged tanker, early exit polls indicate that Ukraine President Volodymyr Zelensky’s party of neophyte politicians have won Sunday’s snap parliamentary election and Prime Minister Shinzo Abe’s ruling coalition wins a clear majority in Japan’s upper house.Plus, the FT’s Gideon Long explains how Colombia is positioning itself as a major producer of cannabis as medical marijuana becomes more popular.

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Friday, July 19 Jul 19, 2019

President Donald Trump says the US navy has shot down an Iranian drone after it threatened an American warship, Boeing says it will take a $4.9bn after-tax charge in the second quarter related to the grounding of the 737 Max jet and the Federal Reserve Bank of New York president stokes expectations of an aggressive half-point cut in US interest rates this month. Plus, WeWork founder Adam Neumann has sold his shares, Microsoft’s cloud business fuels growth as the software company tops earnings forecasts and 2019 is shaping to be a record-setting year for private equity deals.

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Thursday, July 18 Jul 18, 2019

Netflix falls short of its own forecasts for new subscribers, G7 finance ministers struggle to reach a compromise on how to tax Big Tech and US President Donald Trump expels Turkey from the US-led F-35 fighter jet programme. Plus, the FT’s Gregory Meyer explains how signs of a slowing US economy are starting to show up on the nation’s railways.

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Wednesday, July 17 Jul 17, 2019

Lower rates squeeze US bank lending margins, Ursula von der Leyen narrowly secures parliamentary backing for her appointment as European Commission president and United Airlines raises its outlook for the full year despite the financial impact of the grounding of the carrier’s 737 Max fleet. Plus, the FT’s Kiran Stacey reports on Big Tech’s day in Washington.

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Tuesday, July 16 Jul 16, 2019

Democratic congresswomen call Donald Trump’s attacks a “distraction” after the US president doubles down on his statement, US Treasury secretary Steven Mnuchin says Facebook has “a lot of work to do” before the Trump administration will let it proceed with its planned cryptocurrency and money manager Jeffrey Epstein discloses his assets in a court filing after being charged with the sex trafficking of underage girls. Plus, the FT’s Ahmed Al Omran explains how Saudi Arabia is reviving its efforts to draw dissidents home.

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Monday, July 15 Jul 15, 2019

The acting IMF chief, David Lipton, backs new monetary stimulus by the world’s top central banks, Warner Music buys First Night Records and equity investors brace for the second successive drop in US quarterly profits. Plus, US banks are set to report second-quarter results this week. The FT’s Robert Armstrong explains what investors will be watching.

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Friday, July 12 Jul 12, 2019

President Donald Trump issues an executive order to collect all information in US government databases about who is an American citizen, Boeing says the head of its 737 programme will retire at the end of this year and we take a look at China’s economy ahead of the release of its second-quarter growth figures. Plus, Hannah Kuchler explains why some drugmakers are braced for an opioid crisis reckoning.

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Thursday, July 11 Jul 11, 2019

The Trump administration launches an investigation into French plans to bring in a special tax targeting big tech companies andAmazon Music becomes the fastest-growing streaming service. Plus, Federal Reserve chairman Jay Powell cemented the case for an interest rate cut in his testimony to US Congress. The FT’s James Politi explains.

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Wednesday, July 10 Jul 10, 2019

Mexico’s finance minister, Carlos Urzúa, resigns over differences with President Andrés Manuel López Obrador, Levi Strauss shares slip after IPO costs weigh on its second quarter earnings and Boris Johnson dodges questions about Brexit and US relations in a UK Conservative party leadership debate. Plus, the FT’s Joe Rennison tells us about a new menace popping up in the leveraged loan market.

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Tuesday, July 9 Jul 09, 2019

Chinese venture capital investment in US biotech falls as Washington tightens scrutiny of funding from overseas, German chemicals group BASF cuts its full-year forecast and warns that second-quarter profits would almost halve and Deutsche Bank begins the culling of 18,000 jobs, with whole teams of equity traders being dismissed. Plus, the FT’s US legal and enforcement correspondent, Kadhim Shubber, explains the sex trafficking charges against money manager Jeffrey Epstein.

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Monday, July 8 Jul 08, 2019

Iran says it will breach the curbs on uranium enrichment levels set under the 2015 nuclear agreement with major powers, Greece’s traditional centre-right party is set to regain power after a sweeping general election victory and a survey of fund managers shows that investors are buckling up for a global recession. Plus, Deutsche Bank has unveiled plans to overhaul the struggling German lender. The FT’s European banking correspondent, Stephen Morris, breaks down the details.

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Friday, July 5 Jul 05, 2019

British Marines and Gibraltar police seize a tanker suspected of carrying Iranian oil to Syria, the Womens’ World Cup reaches its finale, but will the expected winners take up their invitation to the White House? Who are the main contenders to replace Christine Lagarde as IMF chief? Plus, chief features writer Henry Mance on the pressure US space agency Nasa is under to put astronauts back on the moon by 2024

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Thursday, July 4 Jul 04, 2019

US stocks closed at record highs on Wednesday alongside a bond rally as investors anticipated looser monetary policies from central banks, Huawei founder Ren Zhengfei predicts the next battle with the US will be over the Chinese telecom company’s push into the internet of things and Boeing pledges to commit $100m to help address the needs of families affected by two deadly crashes of its 737 Max jet. Plus, the FT’s Frankfurt bureau chief, Claire Jones, explains what Christine Lagarde is set to inherit at the European Central Bank.

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Wednesday, July 3 Jul 03, 2019

European leaders agree to back Christine Lagarde as president of the European Central Bank and Ursula von der Leyen as president of the European Commission, Tesla reports record production and delivery figures for its latest quarter, the Trump administration abandons its efforts to include a citizenship question in the 2020 census and President Donald Trump says he will nominate Fed critic Judy Shelton and St Louis Fed official Christopher Waller to the board of the Federal Reserve. Plus, the FT’s Richard Henderson explains a radical shift taking place in capital markets.

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Tuesday, July 2 Jul 02, 2019

Hong Kong leader Carrie Lam condemns protesters who stormed and occupied the Legislative Council, the US economic expansion becomes the longest in recent history and Iran’s oil minister warns that the future of Opec is in jeopardy from the growing influence of Russia and Saudi Arabia. Plus, some questions about office provider WeWork as it prepares to hit the public markets this year. The FT’s US business editor, Andrew Edgecliffe-Johnson, spoke with founder Adam Neumann about the group’s $47bn valuation and his plans for the company’s future.

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Monday, July 1 Jul 01, 2019

US president Donald Trump signals that nuclear talks with North Korea will resume, after meeting with Kim Jong Un on Sunday, the US and China ease trade tensions at the G20 summit, but commentators wonder how long the effects will last, Angela Merkel’s compromise plan to fill the EU’s top positions runs into a wall of opposition and HSBC launches a lobbying effort to convince the Chinese government that it is not responsible for the arrest of Huawei’s finance director.

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Friday, June 28 Jun 28, 2019

The Federal Reserve singles out Credit Suisse in its annual stress tests, Nike reports higher sales and profit margins in its latest quarter, designer Jony Ive will leave Apple at the end of this year and Russian president Vladimir Putin says liberalism has ‘become obsolete’. Plus, the FT’s US managing editor, Peter Spiegel, previews the G20 summit in Osaka, Japan.

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Thursday, June 27 Jun 27, 2019

Boeing faces another setback in its attempt to get the 737 Max back in the air, activist investor Carl Icahn is preparing a campaign to oust four of Occidental Petroleum’s board members and private equity deal-making hits its highest level since the lead-up to the global financial crisis. Plus, the FT’s corporate finance and deals editor, Arash Massoudi, explains what led to AbbVie’s $63bn acquisition of Botox-maker Allergan.

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Wednesday, June 26 Jun 26, 2019

Fed chairman Jay Powell warns that risks to global growth have increased in recent weeks, AbbVie investors give the US drugmaker a resounding thumbs down on its bid to buy Botox-maker Allergan and FedEx warns that a slower global economy and trade uncertainty will continue to drag on its business in 2020. Plus, the FT’s banking editor, David Crow, explains how a host of digital upstarts could challenge HSBC’s dominance in Hong Kong.

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Tuesday, June 25 Jun 25, 2019

Boris Jonson’s tax cut proposals could cost as much as £20bn a year, according to a new report; Instagram’s Adam Mosseri tells the FT that “window-shopping” will become a core part of the photo-sharing app’s future; and US President Donald Trump signs an executive order to hit Iran with new sanctions. Plus, the FT’s Turkey correspondent, Laura Pitel, explains what’s next for Turkey and President Recep Tayyip Erdogan following the opposition’s triumph in Istanbul’s repeat mayoral election.

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Monday, June 24 Jun 24, 2019

Washington plans to impose fresh sanctions on Tehran and warns that Iran should not mistake US “prudence for weakness”, Ericsson’s head of US business says the UK’s plan to shut Huawei out of parts of its 5G network makes little technical sense and the US Federal Reserve quizzes Deutsche Bank over its “bad bank” plans. Plus, the FT’s clean energy and environment correspondent, Leslie Hook, explains why the world’s top 500 companies are set to miss the climate goals outlined in the 2015 Paris agreement.

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Friday, June 21 Jun 21, 2019

President Donald Trump played down the significance of Iran shooting down a US drone over the Gulf, saying he found it “hard to believe” the move was intentional; Slack lands on Wall Street with a $20bn valuation and Boris Johnson will face Jeremy Hunt in the UK Conservative party leadership race. Plus, Judith Evans, the FT’s property correspondent, explains why the global real estate boom could be drawing to a close.

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Thursday, June 20 Jun 20, 2019

Pressure mounts on the US and China to ease trade tensions at next week’s G20 summit, Deutsche Bank is under criminal investigation in the US in connection with alleged failures to comply with anti-money laundering laws and Nissan agrees on a truce with Renault in their governance dispute ahead of the Japanese carmaker’s pivotal shareholder meeting next week. Plus, the Federal Reserve held US interest rates steady, but put investors on notice for a future cut. The FT’s US markets editor, Robin Wigglesworth, explains.

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Wednesday, June 19 Jun 19, 2019

Facebook’s plan to launch a new global digital currency raises questions from banks and regulators, the FT reports that several of Renault and Nissan’s joint business functions are being quietly unwound and the latest round of voting by Conservative MPs trims the UK party’s leadership race down to five candidates. Plus, the FT’s West Coast Editor Richard Waters explains what Slack has in store for investors as the cloud-based communications platform prepares to go public on Thursday.

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Tuesday, June 18 Jun 18, 2019

Qatar’s sovereign wealth fund is looking to ramp up its investment plans in North America and Asia, the biggest European private equity groups are rushing to raise new mega funds and Pfizer agrees to pay $11.4bn for Array BioPharma in an effort to boost its cancer treatment portfolio. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains what Iran’s threat to breach nuclear deal terms means for its relationship with the US, as President Donald Trump orders 1,000 more troops to the Middle East.

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Monday, June 17 Jun 17, 2019

Sources tell the FT that Deutsche Bank is preparing a deep overhaul of its trading operations as it shifts away from investment banking, the US Chamber of Commerce calls for the Trump administration to end its trade war with China and Hong Kong protesters demand the resignation of chief executive Carrie Lam over a controversial extradition bill. Plus, the FT’s Robin Wigglesworth explains how some hedge funds are using artificial intelligence to copy the best parts of human traders with none of the frailties.

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Friday, June 14 Jun 14, 2019

Crude oil prices surge as tensions rise in the Middle East, Brussels says Russian sources mounted a “sustained” disinformation effort to influence last month’s EU parliament elections and the focus in the UK leadership stakes moves to the second round after Boris Johnson emerged well ahead in the first party vote in the contest to become Britain’s next prime minister. Plus, the FT’s Siona Jenkins explains why 2019 will be a pivotal year for women’s football.

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Thursday, June 13 Jun 13, 2019

Hong Kong’s chief executive has vowed to push ahead with an extradition bill that has sparked violence in the territory, UK party leadership frontrunner Boris Johnson says Britain would only leave the EU without a deal as “a last resort” and US President Donald Trump says Poland will build a facility to host 1,000 American troops. Plus, FT capital markets reporter Joe Rennison explains why US homeowners are rushing to refinance their mortgages.

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Wednesday, June 12 Jun 12, 2019

Elon Musk predicts a “record quarter” for Tesla, Royal Dutch Shell scales back its ride-hailing plans in London and the British government is eyeing new powers to enable it to block companies from listing on the London Stock Exchange on national security grounds. Plus, the FT’s retail correspondent Jonathan Eley explains the rift between Arcadia and its creditors, and how today’s meeting between them might play out.

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Tuesday, June 11 Jun 11, 2019

New powers given to Europe’s banking watchdog to fight the flow of dirty money are falling short, talks to create the US’s first national data privacy law have ground to a halt and Nissan’s CEO wants to make peace with its French partner, Renault. Plus, the FT’s natural resources reporter Gregory Meyer explains how the unprecedented amounts of rain are affecting the US farming industry.

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Monday, June 10 Jun 10, 2019

United Technologies and Raytheon agree to an all-share merger to create a $120bn aerospace and defence giant, French carmaker Renault tells Japanese partner Nissan that it will block its plan to change its corporate governance and Deutsche Bank finds “serious” failings in payments screening. Plus, FT UK political correspondent Laura Hughes talks about the 11 candidates vying for 10 Downing St now that Theresa May has stepped down as Conservative party leader.

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Friday, June 7 Jun 07, 2019

Beyond Meat expects sales to double in 2019, Mexico and the US continue talks over tariffs that Donald Trump indicated could start next week, and Mario Draghi prepares to cut rates and embark on a fresh round of bond purchases before he leaves the European Central Bank in October. Plus, we take a look at the business of broadcast news. At the FT’s Future of News conference in New York, our news editor Matt Garrahan talks to Susan Zirinsky, president of CBS News, Noah Oppenheim, president of NBC News, and James Goldston, president of ABC News.

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Thursday, June 6 Jun 06, 2019

Fiat Chrysler has withdrawn its proposal for a €33bn merger with Renault, International Monetary Fund chief Chrstine Lagarde warns that the rising tariffs between the US and China are “self-inflicted wounds” on the global recovery, and YouTube bans supremacist content from its website as it steps up its crackdown on hate speech. Plus, FT reporter Camilla Hodgson talks about people-finding websites and why information on them keeps reappearing.

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Wednesday, June 5 Jun 05, 2019

Donald Trump’s pick for the World Bank’s new president, David Malpass, laments the global trade slowdown, Donald Trump predicts that US tariffs against Mexico will go ahead next week and the board of French car company Renault stalls a decision regarding a €33bn merger with Fiat Chrysler. Plus, the FT’s US economics editor Sam Fleming explains why the Federal Reserve is considering the need for a rate cut.

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Tuesday, June 4 Jun 04, 2019

The biggest names in tech come under pressure as US regulators prepare for antitrust probes, Apple turns towards services and privacy at its annual developers conference and US president Donald Trump turns to the political part of his UK trip after a state banquet with the Queen. Plus, the FT’s trade editor James Politi take us behind the sharp rise in trade tensions between the US and Mexico, and what lies ahead.

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Monday, June 3 Jun 03, 2019

Donald Trump embarks on his first state visit to the UK by testing the countries’ special relationship, Blackstone strikes the largest private real estate deal in history and US technology companies are re-examining their supply chains to identify Chinese groups that may be targeted in the US-China trade war. Plus, the FT’s Global Technology correspondent Tim Bradshaw previews what’s likely to come out of Apple’s Worldwide Developers Conference this week.

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Friday, May 31 May 31, 2019

Uber says it has seen an easing of the fierce competition that blew out its losses in the first quarter, President Donald Trump will threaten to curb intel sharing will Britain if it allows Huawei to build part of the country’s 5G mobile network, and from Canada Goose to Gap it has been a bad week for retailers. Plus, the FT’s North American correspondent Patti Waldmeir explains why the return of service of Boeing’s 737 Max jet could depend on pilot training.

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Thursday, May 30 May 30, 2019

Prime Minister Benjamin Netanyahu plunges Israel into repeat elections instead of allowing his rival a chance to form the next government, Democrats are split on whether to pursue the impeachment of US president Donald Trump after special counsel Robert Mueller’s public statement and two female partners at KPMG have left the accounting firm in the UK over its handling of bullying claims against a senior male partner. Plus, the FT’s UK political editor George Parker explains why more Conservatives are now taking a hard line on a no-deal Brexit and what it means for the upcoming leadership race.

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Wednesday, May 29 May 29, 2019

In an interview with the FT, the UK health secretary and pro-business Conservative leadership candidate blasts rival Boris Johnson, Spain’s Prime Minister Pedro Sanchez and his French counterpart Emmanuel Macron are joining forces to block a German conservative from taking the European Commission presidency, and the mounting US-China trade war has led investors to raise bets that the Federal Reserve will cut interest rates as the economy slows. Plus, the FT’scorporate finance and deals editor Arash Massoudi explains the significance of the talks between Fiat Chrysler and Renault and the seismic shift it would cause in the automaking industry.

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Tuesday, May 28 May 28, 2019

The success of the Brexit party in European elections ramps up pressure on Britain to leave the EU without a deal, Aviva is preparing a big shake-up of its UK business and Disney’s live action remake of the 1992 animated classic ‘Aladdin’ grabbed the top spot at the US box office over the holiday weekend. Plus, the FT’s pharma correspondent Hannah Kuchler reports that technology companies are betting that their insights into human behaviour can help opioid addicts recover.

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Monday, May 27 May 27, 2019

An alliance of pro-EU parties largely held their ground in Sunday’s European elections, Fiat Chrysler and Renault are in talks that could extend to a full merger, and the most valuable unicorn in the world, ByteDance, wants to make smartphones. Plus, the FT’s Brazil correspondent Andres Schipani tells how the country has changed since Jair Bolsonaro became president.

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Friday, May 24 May 24, 2019

Donald Trump says that Huawei could be included in a trade deal with Beijing, Facebook says it took down a record 2.2bn fake accounts in the first three months of this year and JPMorgan Chase drops its client Purdue Pharma, the OxyContin maker, which has been accused in thousands of lawsuits of fuelling the US opioid crisis. Plus, the FT’s Eric Platt explains how three Wall St banks, Morgan Stanley, Goldman Sachs and JPMorgan Chase, dominate advising on tech IPOs, and why that grip might be under threat after Uber’s listing.

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Thursday, May 23 May 23, 2019

Conservative MPs expect UK Prime Minister Theresa May to resign or be forced out of office within days, sources tell the FT that Tyson Foods, the largest US meat packer, is in talks over a multi-billion dollar investment in Kazakhstan beef production as a back door into China and a US judge rejects President Donald Trump’s efforts to quash subpoenas of his bank records.

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Wednesday, May 22 May 22, 2019

UK Prime Minister Theresa May offers Labour a deal that includes the possibility of a second EU referendum, Europe’s aviation safety agency sets out strict conditions before it will allow Boeing’s 737 Max aircraft back into the skies and shares in three of the US’s biggest department store chains, Nordstrom, Kohl’s and JC Penney, fell on Tuesday after the companies reported quarterly results short of forecasts. Plus the FT’s Shanghai correspondent Tom Hancock explains why Chinese film producers are facing a funding crunch.

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Tuesday, May 21 May 21, 2019

Federal Reserve chair Jay Powell tempers fears over a corporate debt meltdown, Hungarian Prime Minister Viktor Orban steps up the campaign for the country’s Fidesz party in the days leading up to the European parliamentary elections and the UK’s financial watchdog says the number of crypto and forex fraud claims has more than tripled in the past financial year.

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Monday, May 20 May 20, 2019

US intelligence chiefs have held a series of classified briefings with American companies and other groups to warn them of the dangers of doing business in China, a small group of US farm operators have received more than half the money from a federal bailout designed to offset the cost of US trade battles and India exit polls point to a clear election victory for prime minister Narendra Modi. Plus, the FT’s Brussels bureau chief, Alex Barker, explains why Europe’s centrist parties might be in trouble in this week’s parliament elections.

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Friday, May 17 May 17, 2019

Shares in the image sharing platform Pinterest tumble as much as 19 percent after the company’s first earnings report since going public, Starbucks’ China rival Luckin Coffee raises $561m in its IPO gaining a valuation of $4bn and UK Prime Minister Theresa May tells her MPs she will set out a timetable for her resignation and the election of a new leader. Plus, the FT’s Australia and Pacific correspondent Jamie Smyth explains why there’s so much bad blood in Australia and what it means for Saturday’s Federal election.

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Thursday, May 16 May 16, 2019

US President Donald Trump issues an executive order effectively banning telecoms companies from using equipment manufactured by China’s Huawei, Cisco systems is slashing its manufacturing in China in anticipation of higher import tariffs levied in the US and office space group WeWork tries to rein in losses before a possible IPO. Plus, the FT’s Paris Bureau Chief Victor Mallet explains what the European Parliament could have in store for France’s president Emmanuel Macron and why his vision for a united Europe might be in jeopardy.

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Wednesday, May 15 May 15, 2019

Intel reveals a vulnerability in its chips that could let hackers steal data, Wall Street recovers as trade war fears ease, a dispute between the US and Mexico sours the market for fruits and vegetables, and UK Prime Minister Theresa May challenges Labour Party leader Jeremy Corbyn to make up his mind on her Brexit compromise plan. Plus, the FT’s Buenos Aires correspondent, Benedict Mander, explains how the IMF’s $56bn bailout is playing out in Argentina.

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Tuesday, May 14 May 14, 2019

The heightened trade war with China hands US stocks their biggest one-day drop in months, Uber shares lose more than a tenth of their value in the ride-hailing app’s second day of trading and a California court orders Bayer to pay more than $2bn in damages to a pair of cancer patients who claimed that their non-Hodgkin’s lymphoma was caused by the German group’s weedkiller, RoundUp. Plus, the FT’s pharmaceutical and biotech reporter, Hannah Kuchler, explains why a lawsuit backed by 44 US states alleges that some generic drugmakers, including Teva and Pfizer, have been fixing prices of more than 100 drugs.

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Monday, May 13 May 13, 2019

Donald Trump’s top economic adviser, Larry Kudlow, raises the prospect of a face-to-face encounter between the US president and China’s Xi Jinping, three influential advisory groups encourage Volkswagen shareholders to vote against the stewardship of all but one member of the German automaker’s board at the annual meeting on Tuesday and Boeing expects “far reaching” changes to the way aircraft are certified safe across the global aviation industry. Plus,the FT’s private equity correspondent in London Javier Espinoza explains why private equity firms have shunned the UK for Europe.

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Friday, May 10 May 10, 2019

US President Donald Trump breaks the silence on escalating tensions with North Korea, US-China trade talks kick off in DC and a London-based boutique advisory firm stands to make $27m in fees for its work on Barbados’s $7bn debt restructuring. Plus, the FT’s Shannon Bond sets the stage for Uber’s New York Stock Exchange debut.

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Thursday, May 9 May 09, 2019

The US has imposed new sanctions on Iran’s metal sectors after Iran said it would cease to comply with parts of the 2015 nuclear deal, Disney writes down $353m from its stake in Vice Media and Tokyo prosecutors relied on a laptop acquired in Lebanon to help build a case against former Nissan boss Carlos Ghosn. Plus, the FT’s US managing editor Peter Spiegel explains what happened on Wednesday regarding the White House, the Mueller report and the US attorney general being held in contempt of Congress.

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Wednesday, May 8 May 08, 2019

Global equities suffered one of their biggest declines of the year on fears about a US-China trade war, Lyft shares slip even further below their $72 IPO price after the company said warns about slowing revenue growth and Google unveils plans for a smart display that would use facial recognition to make personalised recommendations. Plus, the FT’s Gregory Meyer tells us about the super weeds that are causing new trouble for Bayer and its blockbuster herbicide, Roundup.

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Tuesday, May 7 May 07, 2019

Senior US officials accuse China of backtracking on its pledges in negotiations to end the trade war, Anadarko Petroleum’s board of directors backs Occidental Petroleum’s $55bn bid, and former Goldman Sachs banker Roger Ng is released under house arrest on $20m bail by a US court over the 1MDB case. Plus, the FT’s Alistair Gray explains the serious accounting problems that have forced Kraft Heinz to restate nearly three years of earnings.

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Monday, May 6 May 06, 2019

US president Donald Trump threatens to raise tariffs on all Chinese imports to 25 per cent, Occidental Petroleum adds more cash to the structure of its $55bn offer to buy Anadarko Petroleum and the European Union prepares to launch a formal antitrust investigation into Apple. Plus, the FT’s economics editor Chris Giles explains why the global economy looks stronger than the “delicate moment” the IMF had expected this spring.

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Friday, May 3 May 03, 2019

Investors flock back to a complex debt-derivatives product blamed for amplifying losses in the financial crisis, thousands of US screenwriters take on their private equity-backed agents, and the billionaire founder of drugmaker Insys is among those found guilty of bribing doctors to prescribe an addictive painkiller. Plus, the FT’s banking editor David Crow explains what is next for Barclays after activist investor Edward Bramson suffered a heavy defeat in his bid for a seat on the investment bank’s board.

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Thursday, May 2 May 02, 2019

The Federal Reserve rules out immediate rate moves, vegan start-up Beyond Meat raises $240.6m from an initial public offering, and US attorney-general William Barr hits back at criticism of his handling of Robert Mueller’s Russia investigation. Plus, the FT’s political editor George Parker explains why Boris Johnson looms large over the Brexit endgame.

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Wednesday, May 1 May 01, 2019

Apple forecasts an improvement in depressed iPhone sales, Donald Trump drops a central demand from trade negotiations with China in order to end a long-running tariff dispute and Crown Prince Naruhito becomes Japan’s first modern monarch. Plus, the FT’s Gideon Long explains what Juan Guaidó’s call for an uprising in Venezuela means for the country and Nicolás Maduro.

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Tuesday, April 30 Apr 30, 2019

Google’s advertising revenue slows more than expected, The We Company joins the list of highly valued private companies eyeing a public listing and a group of shipping industry executives call for a speed limit on commercial vessels to cut emissions. Plus, the FT’s US industry and energy editor Ed Crooks explains what Occidental Petroleum’s $55bn bid for Anadarko Petroleum means for the companies and the US oil and gas industry.

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Monday, April 29 Apr 29, 2019

Spain’s socialist party has won big in the country’s third general election in four years, US and UK airlines are bracing for a profit hit in the wake of the grounding of Boeing’s 737 Max jet and Deutsche Bank chairman Paul Achleitner says the investment bank doesn’t need a fundamental strategic overhaul. Plus, the FT’s Mark Vandevelde talks about his latest profile of Colony Capital chief executive Tom Barrack and the real estate investor’s performance record.

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Friday, April 26 Apr 26, 2019

Uber lowers the price range at which it will pitch shares to investors, Amazon wants to cut shipping times to one day for its Prime members and the collapse of merger talks puts Deutsche Bank and Commerzbank in uncomfortable positions. Plus, the FT’s Ian Mount explains why a polarised Spain could face months of coalition talks following a general election this weekend.

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Thursday, April 25 Apr 25, 2019

Electric car company Tesla reveals that it plunged back into the red after a $702m net loss this quarter, Facebook sets aside $3bn for what would be the largest civil fine ever imposed by the Federal Trade Commission and Amazon looks to international markets as it tries to continue to grow. Plus, the FT’s banking editor in London, David Crow, explains why European banks are bracing for more pain.

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Wednesday, April 24 Apr 24, 2019

The S&P 500 and Nasdaq Composite set new records, Twitter chief executive Jack Dorsey meets with US president Donald Trump and European industrial chief Carl-Henric Svanberg pledges to bring back jobs from China. Plus, the FT’s Kadhim Shubber explains why Democrats are split when it comes to the possibility of impeaching the president.

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Tuesday, April 23 Apr 23, 2019

Democrats order Don McGahn, the former White House counsel, to appear before Congress, Elon Musk says Tesla will produce driverless taxis by 2020, Barclays is expected to cut bonuses for its investment bankers and Theresa May resumes cross-party negotiations on Brexit after the Easter break. Plus, the FT’s Ed Crooks explains the US decision to end sanctions waivers on Iranian oil imports.

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Monday, April 22 Apr 22, 2019

Comedian Volodymyr Zelensky is set to become Ukraine’s next president, London climate protesters demand to talk with mayor Sadiq Khan, and China delays the roll out of a controversial measure that would restrict foreign companies from taking certain data out of the country. Plus, FT reporter Adam Samson explains why Turkey’s currency has come under such scrutiny lately.

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Thursday, April 18 Apr 18, 2019

Huawei promises a $600 5G smart phone, Pinterest and Zoom price shares in their initial public offerings ahead of market debuts on Thursday and Uber’s self-driving car unit eyes a $7.3bn valuation. Plus, US soyabean exports to China rise for the first time in nine months. The FT’s Gregory Meyer explains what that means for trade between the two countries.

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Wednesday, April 17 Apr 17, 2019

Apple and chipmaker Qualcomm sign a peace deal to end all litigation between the two companies, Netflix’s subscriber outlook disappoints and Boeing faces an investor backlash. Plus, the FT’s Richard Henderson tells us why BlackRock chief executive Larry Fink says markets are poised for a ‘melt-up’.

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Tuesday, April 16 Apr 16, 2019

Notre-Dame cathedral in Paris is ravaged by fire, an environmental activist protest brings London to a standstill, Goldman Sachs delays an eagerly anticipated strategic update as its core businesses struggle and new analysis reveals a widening pay gap between US chief executives and their employees. Plus, the FT’s media correspondent Anna Nicolaou explains how Netflix is changing the way TV production is paid for.

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Monday, April 15 Apr 15, 2019

Germany's telecoms regulator says Huawei can stay in the 5G network race, the European Central Bank faces stimulus pressure over a falling inflation outlook and the FT reports that Purdue Pharma, the makers of Oxycontin, tried to buy Reckitt Benckiser's addiction treatment business. Plus, the FT's Camilla Hodgson sets up the $30bn legal battle between Apple and Qualcomm that will play out in a San Diego court on Monday.

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Friday, April 12 Apr 12, 2019

The US sets out its case against WikiLeaks founder Julian Assange, Uber reveals its pitch to investors ahead of its highly anticipated initial public offering and Brussels paves the way for the start of trade talks with Washington. Plus, Wall Street banks will report their first-quarter results over the next week. The FT’s Rob Armstrong explains what investors will be looking out for.

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Thursday, April 11 Apr 11, 2019

Brexit’s date has been moved to the end of October, Lyft shares hit a new low as Uber’s IPO looms and the Federal Reserve puts markets on notice. Plus, the FT’s South Asia bureau chief Amy Kazmin explains what is at stake in India’s general election, which kicks off today.

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Wednesday, April 10 Apr 10, 2019

Prime Minister Theresa May heads to Brussels to ask fellow European leaders for an extension on Britain leaving the EU, the FT reports that AT&T has had talks about selling HBO Europe to pay down its $170bn debt load and shares in Levi Strauss jump after the denim maker reports its first quarterly earnings results in more than three decades. Plus, the FT’s Shannon Bond talks about the hurdles Uber is facing as it prepares its highly-anticipated initial public offering.

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Tuesday, April 9 Apr 09, 2019

A proposal by the Federal Reserve could force large foreign banks in the US to hold more liquid assets, Novartis CEO Vas Narasimhan says the Swiss drugmaker is limiting its spending on takeovers and the scrapbooking website Pinterest files to go public with the intention of raising $1.3bn from investors. Plus, we talk to the FT’s Israel correspondent Mehul Srivastiva about today’s parliamentary elections.

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Monday, April 8 Apr 08, 2019

Warren Buffett, the largest shareholder at Wells Fargo, calls on the US bank to look outside Wall Street for a new chief executive, Saudi Aramco attracts nearly $30 billion for an upcoming international bond sale and Kirstjen Nielsen, the US secretary of homeland security, resigns from her post. Plus, the FT’s political editor George Parker talks about the upcoming week in British politics ahead of the EU's emergency Brexit summit.

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Friday, April 5 Apr 05, 2019

Talks between Prime Minister Theresa May and Labour leader Jeremy Corbyn have slowed ahead of a crucial European Union summit, a federal judge says the Securities and Exchange Commission and Elon Musk, Tesla chief executive, must resolve a Twitter dispute outside of court and the price of oil tops $70 a barrel for the first time since November. Plus, the FT’s James Politi tells us why the US and China have pushed back the timing of a possible trade deal.

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Thursday, April 4 Apr 04, 2019

Theresa May and Labour leader Jeremy Corbyn kick off negotiations on the future of Brexit, UniCredit prepares a rival multibillion-euro bid to take control of Commerzbank and Facebook user data has been exposed via Amazon cloud computing servers.

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Wednesday, April 3 Apr 03, 2019

Theresa May agrees to talk with Labour leader Jeremy Corbyn about a softer Brexit deal. Next, despite pressure from both Democrats and Republicans US drug prices continue to soar. Then, the world’s top energy organisation is under fire for a plan critics are calling “too fossil friendly”.

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Tuesday, April 2 Apr 02, 2019

British MPs have rejected every single proposal to find a way forward for Brexit. So how can the UK break the deadlock? And the long-awaited initial public offering of ride-hailing app Lyft shifts into reverse on only its second day of trading.

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Monday, April 1 Apr 01, 2019

With Theresa May's Brexit plan in left in tatters on Friday, the British government spent the weekend trying to find a way out of the impasse. Today, MPs will likely try to take control of the House of Commons agenda again in an attempt to find a majority for a different way of leaving the European Union. We look ahead at the week in Westminster.

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Friday, March 29 Mar 29, 2019

Swedbank feels the heat over money laundering accusations, Turkey burns through a third of its foreign currency reserves in an effort to contain the weakness of the lira, and, German businesses brace for no-deal Brexit

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Thursday, March 28 Mar 28, 2019

We report on a series of votes in parliament to gauge MPs views on different Brexit scenarios. Another Nordic bank is caught up in a money-laundering scandal. Plus, Gideon Rachman and colleagues discuss whether Israel's long serving prime minister can overcome corruption allegations and renewed violence from Gaza to win a fifth term in office

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Wednesday, March 27 Mar 27, 2019

Renault and Nissan patch up their alliance and plan a further acquisition to bulk up the business, a leading Eurosceptic says he has decided after all to back Theresa May’s deal on Brexit, and we learn more about former Uber chief Travis Kalanick’s new global venture. Plus, why European investors are becoming concerned about rising levels of banker pay.

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Tuesday, March 26 Mar 26, 2019

Members of UK Parliament vote to seize control of the Brexit process, Apple brings out Hollywood’s biggest names to unveil a renewed push into digital services and McDonald’s makes another investment in its restaurant technology. Plus, the FT’s motor industry correspondent Peter Campbell explains why Volvo’s chief executive is warning about self-driving cars.

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Monday, March 25 Mar 25, 2019

Theresa May fends off a challenge to her leadership ahead of a high-stakes week for Brexit, Robert Mueller’s report on Russian meddling in the 2016 election finds no collusion and Uber is expected to sign a $3.1bn deal for a Dubai-rival. Plus, the FT’s global technology correspondent Tim Bradshaw explains what to expect from Apple’s big bet on television.

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Friday, March 22 Mar 22, 2019

EU leaders give Theresa May a short Brexit extension, Spotify enters high-stakes licensing talks with music rights owners and US stocks get a boost from the technology sector. Plus, the FT’s Robin Wigglesworth reports from the floor of the New York Stock Exchange as the American jeans maker Levi Strauss goes public.

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Thursday, March 21 Mar 21, 2019

UK Prime Minister Theresa May makes a big gamble that risks a no-deal Brexit, the Federal Reserve signals it will hold rates steady all year as economic growth slows, Levi Strauss returns to the stock market with a $6.6bn valuation and retailer Williams Sonoma delivers an unusually rosy outlook for the year.

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Wednesday, March 20 Mar 20, 2019

EU leaders tell the UK government there are no guarantees Brexit can be delayed, Google overhauls how it displays certain search results in Europe to avoid more trouble, another round of US-China trade talks are scheduled for next week in Beijing and FedEx shows the effects of a weakening global economy. Plus, the FT’s Kadhim Shubber explains the latest in the fight between Tesla chief executive Elon Musk and the US Securities and Exchange Commission.

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Tuesday, March 19 Mar 19, 2019

The Speaker of the House of Commons delivers a fresh blow to Prime Minister Theresa May's Brexit deal hopes, the $43bn Worldpay deal piles pressure on rivals for more tie-ups and US farmers are being cut out of the Japanese market. Plus, the FT's Shannon Bond explains how ride-hailing company Lyft plans to pitch investors before its upcoming IPO.

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Monday, March 18 Mar 18, 2019

UK Prime Minister Theresa May pins Brexit deal hopes on last-minute talks with the Democratic Unionist Party, French President Emmanuel Macron is under renewed pressure after looters smashed scores of shops and set fire to a restaurant in Paris and adverse weather and deadly bacteria cause Italian olive oil prices to surge. Plus, the FT’s Olaf Storbeck explains the merger talks between Deutsche Bank and Commerzbank.

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Friday, March 15 Mar 15, 2019

Two top Facebook executives are set to leave the social network, Google faces yet another fine from Brussels and the US Senate votes to block President Donald Trump’s declaration of an emergency at the Mexican border. Plus, the FT's editorial director and UK political commentator Robert Shrimsley will wrap up this big week in Brexit, and tell us what to expect in the coming weeks.

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Thursday, March 14 Mar 14, 2019

British MPs have to decide on a way forward on Brexit, the US bows to international pressure on the safety of the Boeing 737 Max plane and former Trump campaign chair Paul Manafort faces indictments in New York that could forestall a presidential pardon on his federal sentence. Plus, the FT’s Brussel's reporter Rochelle Toplensky explains why Spotify filed an antitrust complaint against Apple.

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Wednesday, March 13 Mar 13, 2019

Prime Minister Theresa May's latest Brexit deal fails in parliament, Royal Dutch Shell says it’s aiming to become the largest electricity company in the world by the 2030s and the FBI charges prominent financiers and celebrities for using cash bribes to bypass the admissions process at prominent American colleges. Plus, the FT’s Anjli Raval explains how BP lobbied against US methane rules despite its green public stance.

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Tuesday, March 12 Mar 12, 2019

UK Prime Minister Theresa May secures a revised Brexit deal ahead of a crucial Commons vote, easyJet is stockpiling parts for its aircraft in Europe in case of a no-deal Brexit, US executives and officials threaten to stay away from Russia’s economic forum and US President Donald Trump’s proposed budget sets up another potential government shutdown. Plus, the FT’s Patti Waldmeir explains what two recent 737 Max 8 aircraft crashes mean for Boeing.

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Monday, March 11 Mar 11, 2019

The Bank of England tightens liquidity buffers before Brexit, top UBS executives accuse the bank of using maternity leave as a reason for cutting women's bonuses and Renault, Nissan and Mitsubishi plan to establish a new leadership structure for their alliance. Plus, the FT’s George Parker explains what to expect this week on Brexit.

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Friday, March 8 Mar 08, 2019

Donald Trump’s former campaign manager Paul Manafort is sentenced to nearly 4 years in prison, Airbus all but rules out paying back millions in outstanding loans for development of the A380 superjumbo, Facebook’s pivots to privacy raises questions about its business model and a new report shows the gender wealth gap could take two centuries to close. Plus, the FT’s Richard Waters explains how the business software apps many of us use every day are helping tech stocks make a comeback.

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Thursday, March 7 Mar 07, 2019

New research shows China’s economy is 12 per cent smaller than official figures say it is, US financial regulators move to relax Obama-era financial rules and wealthy investors looking to settle in the UK will face stricter regulations if they want a so-called golden visa. Then the FT’s Aime Williams explains the scandal plaguing Canadian prime minister Justin Trudeau.

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Wednesday, March 6 Mar 06, 2019

Italy prepares to sign on to China’s contentious Belt and Road Initiative, JPMorgan Chase says it will no longer provide banking services to private prisons and former New York City mayor Michael Bloomberg decides not to run for US president in 2020. Plus, the FT’s Kiran Stacey deciphers the move by Chinese tech company Huawei to sue the US government.

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Tuesday, March 5 Mar 05, 2019

Cloud software giant Salesforce issues a disappointing earnings forecast for the current quarter, French President Emmanuel Macron calls for a new European 'renaissance' and the UK’s department for international trade cancels its regular meetings with business leaders after media leaks. Plus, the FT’s Aliya Ram explains new research that shows two-fifths of Europe’s artificial intelligence start-ups don’t actually use any artificial intelligence programs in their products.

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