77-year-old entrepreneur BR Shetty ‘looking to buy out Emirati partners’

Fans cheer prospect of Ashley exit but obstacles remain to getting deal across line

Wall Street banks that advised on record IPO snub oil group with tepid ratings

Goldman exercises option to sell more stock, bringing total proceeds to $29bn

Alberto Fernández seeks to bolster state coffers with tax raid on country’s most powerful industry

Mismanagement and corruption leave some of nation’s biggest teams on brink of collapse

New York listing of XP highlights transition to a new world of lower interest rates

Mexican government’s rescue plan for debt-laden state oil group underwhelms

Investors are right to be sceptical of government’s plans to restore oil group’s fortunes

Proposal successfully passes committee stages on the way to plenary vote

Ignacio Galán says energy distributor’s listing highlights president’s market-friendly policies

Saudi Arabia’s PIF has snapped up stakes in a cruise operator, oil groups and a football club

Sale of shares in state-run holding company generates income for government

Countries from Jordan to Egypt will struggle to mitigate the pandemic’s economic impact

Bankers and investors expect rush of debt issues from the Gulf region

Finance minister says bail-in may be needed amid severe economic and financial turmoil

Investors seeking safe haven for cash are driving a real estate boom

London-based Ashmore bet heavily on the country’s short-term debt

Move designed to assuage fears over army’s growing role in the economy

The country is trapped in a full-scale emergency that could unravel social bonds

$1.2bn eurobond maturing in March falls sharply as local lenders cash out

Emirate seeks to get grip on sector after prices fall 40% from their 2014 peak

Once known for its resilience, the country’s fragile financial system has triggered angry protests

Forecast of 3.2 per cent growth in 2020 would be improvement on 2.1 per cent in 2019

Beirut hit by another sovereign bond downgrade amid political crisis

Stock climbs by maximum amount after world’s biggest IPO

State funds and families encouraged to buy shares in pursuit of Prince Mohammed target

State-owned oil company’s $1.7tn valuation falls short of kingdom’s ambitions

The country’s banking system is in hock to an insolvent state

Initiative would be modelled on Singapore’s Temasek with focus on start-ups

Foreign investor subscriptions less than 11% as data confirms scaled back ambitions

The director talks about gender-swaps, fundraising and the future of drama after lockdown

Ancient antagonists build bridges as treasure finds mount up

The book captures the carefree, haute-bourgeois lifestyle of the young photographer

Our pick of the latest series and documentaries — plus older favourites to binge on

The series follows an idiotic yet charming nerd trying to make it big as Lil Dicky

Six-part series adapts Wally Lamb’s novel about family, loss and mental illness

Yhonnie Scarce and Judy Watson talk about creating work with seductive surfaces and dark themes

Until the early 20th century, a mass of figures often dominated works but Modernism preferred emptiness

Randall Swingler served in the 1939-45 war and went on to publish two postwar collections

With new episodes launching today, now is the perfect time to revel in the cruel humour of the hit cartoon

What The Rolling Stones rocker did next

Plus: Sotheby’s lays out risks; Ropac lends space to emerging artists; Cameroon artists fare well at 1-54

Rules concerning Brexit preparations prioritised over tougher environmental standards

New party leader gives clear signal he will take party in a different direction

Government warns of ‘restructuring’ in return for rescue funding

UK expected to take gradual approach to lifting restrictions after Monday

Treasury fears removing government support could trigger wave of redundancies

Appointments including former PM and Nobel laureate suggest turn toward establishment

Upscale US department store follows J Crew as latest debt-burdened chain felled by pandemic