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Mexico’s Pemex: from cash cow to resource drain

President’s pet project holds line on output growth despite oil crisis and mammoth losses




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Game on — tap into the growing world of online gaming

Fortnite is typical of the new business model, renting access to a platform




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Deal of the week: Scottish Power Online Fixed Saver

Scottish Power has launched a new energy plan that allows customers to fix their bills




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Gas suppliers follow EDF’s 5 per cent price cut

First big energy supplier to pass on lower wholesale costs




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Lockdown is exposing the folly of reckless financial strategies

Pension funds need to spend less time on ESG and get back to basics




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How will the UK’s ‘bounce back’ loans work?

Small businesses hope the fast-track credit scheme will be a lifeline




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Why US mortgage rates should be even lower

Uncertainty over loan forbearance prevents savings being passed on




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How are you coping without your cleaner?

James Max, the FT columnist, takes questions from readers about the misery of household chores




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Renters and self-employed hit hard by Covid-19 lockdown

A third of self-employed reported working reduced hours during the first two weeks of lockdown




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Bonus restrictions hamper City mortgage borrowers

Lenders reluctant to count payments as affordability checks tighten




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European stocks edge lower while oil climbs

Pound dips following UK chancellor’s hard Brexit remarks




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Global stocks turn lower on China virus fears

Outbreak ripples across US, European and Asian equity markets




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Latam banks: flying down to Rio

Future of finance: Brazil’s main Latin rival for the attention of emerging market fund managers is Mexico




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Latin America must kick its addiction to oil-powered development

Ambitious plans for renewable energy rarely feature in government strategy




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FT The Americas’ Fastest Growing Companies

This inaugural ranking of the region’s businesses by revenue growth rate reveals the dominance of the US and technology — the top-ranked company this year is an augmented reality and video game developer




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FT ranking: the Americas’ fastest-growing companies

Technology bolsters US dominance of the list, but coronavirus fallout looms large




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What I wished I’d known about money when I was young

Young people may face many challenges, but they also have many wealth creation opportunities




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How to teach your children about the stock market 

Lockdown presents a golden educational opportunity, particularly if you work in investment




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Coronavirus: US fatalities slow but total tops 37,000 — as it happened

A live blog from FT.com

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Coronavirus latest: Spain’s Sánchez urges caution as lockdown is eased

Thousands attend military parade in Belarus even as virus spreads rapidly in neighbouring Russia, UK airline industry warns of huge blow if travel quarantine is launched and Seoul closes down bars and clubs in wake of new cluster

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Stocks of hand sanitiser ingredient run low in Europe

Products vital to combat coronavirus could become more expensive and scarce




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As Europe slowly unlocks, e-scooter startups, like Helbiz, are wooing with offers

At the start of the year, it looked like Europe would be in for a “Summer E-Scooters / E-Bike War,” as both regional startups and U.S.-backed unicorns vied for the pockets of city commuters. Consolidation came when German startup Circ was taken over by U.S. competitor Bird at the start of the year. Still on […]




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How will coronavirus change the world? — Parlia launches to help you find out

“Is Greta Thunberg a hypocrite?” Google that phrase and you will get thousands of results. It just goes to show that, to a large extent, the “Q&A” model is broken on the internet. Where once Yahoo Answers and Quora were considered the bright young things of Web 2.0’s “Read/Write Web,” today there is only the […]




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Big data shows Covid-19 reshaping ESG; UN PRI’s long-term crisis plan; sustainable funds stand tall

Your guide to the investment and business revolution you can’t afford to ignore




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From balcony concerts to cyber drinks — the power of ritual in the corona age

Under lockdown, communities are finding new ways to voice their defiance, anger and support




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How much should it cost to contain a pandemic?

Assigning an economic value to life is taboo — but we must confront the trade-offs




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Lockdown fitness

No gym? No problem. This series from FT Globetrotter has tips, workout routines and reflections on staying active during the coronavirus crisis, including the best moves for small spaces, to indoor cycling and much more




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A Covid-19 supply chain surprise? Exxon and Barclays face proxy battles; challenging data on ESG fund growth




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How the pandemic trapped domestic violence victims in hell

Under lockdown, vulnerable families are imprisoned in a cage of terror, stress and abuse




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Covid-19 shows why ESG matters; Barclays’ big climate vote; UK impact investors’ legal hurdle; your questions answered

Your guide to the investment and business revolution you can’t afford to ignore




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TikTok tops 2 billion downloads

TikTok, the widely popular video sharing app developed by one of the world’s most valued startups (ByteDance), continues to grow rapidly despite suspicion from the U.S. as more people look for ways to keep themselves entertained amid the coronavirus pandemic. The global app and its Chinese version, called Douyin, have amassed over 2 billion downloads […]




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The lockdown is driving people to Facebook

The quarantine lockdown is driving a record number of users to Facebook’s products. On a conference call, CEO Mark Zuckerberg disclosed a number of new metrics highlighting a significant bump in Facebook usage during the broader quarantine lockdown. In the past month, more than 3 billion internet users logged onto a Facebook service, including its […]




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Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]




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Equity Shot: 1% is the new “growth”

Happy Saturday and welcome back to an Equity Shot, a short-form episode of Equity where we drill into one particular topic. There was so much news this week in our main areas of focus — startup funding rounds, new venture funds, that sort of thing — that we had to exclude earnings from the main […]




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A narrow EU trade deal is the most likely way forward

The UK should not agree to proposals to stagger the talks, with fish as part of the first course




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How to secure the EU’s post-Brexit future

Recognition of a two-speed Europe would help fix divides




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Germany’s testing success looks real — for now

But statistics that show how many days one country is behind another are humbug




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How the next euro crisis could unfold

What if Italy cannot service its debt and a future government is tempted to default?




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Italy is in more danger than the eurozone knows

It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends




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How to think about the EU’s rescue fund

We do not need another big lending programme; equity investments would get us out of the credit-versus-loans debate




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Pinn’s Illustration of the week: Lockdown

Turning the key on the coronavirus crisis




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Alipay owner Ant Financial takes minority stake in Klarna

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform, has announced it’s taking a minority stake in Swedish payments platform Klarna . Klarna has a strong European presence and a flagship product that lets shoppers buy now and pay later in interest-free installments (typically 14 or […]




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Decrypted: Zoom’s security fallout, CrowdStrike’s new CTO, Bugcrowd raises $30M

Another week in quarantine. As the world adjusts to working from home under mandatory stay-at-home orders, hackers are keeping busy. Microsoft said this week that coronavirus-related attacks are on the rise but still make up just a fraction of the overall malicious activity. Cybersecurity companies seem to be faring mostly well — in part thanks […]




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Google said to be preparing its own chips for use in Pixel phones and Chromebooks

Google is reportedly on the verge of stepping up their hardware game in a way that follows the example set by Apple, with custom-designed silicon powering future smartphones. Axios reports that Google is readying its own in-house processors for use in future Pixel devices, including both phones and eventually Chromebooks, too. Google’s efforts around its […]




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Paige adds $5M from Goldman Sachs to double down on AI-based cancer therapies

Paige, the Sloan-Kettering spinout that has been building an artificial intelligence platform to improve cancer pathology and subsequently use those insights to develop better drug therapies, has raised an additional $5 million in funding to continue its work commercialising its platform and expanding its research reach, while also getting FDA clearance to launch in hospitals […]




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Randall Stephenson to step down as AT&T chief, succeeded by COO John Stankey

A big changing of the guard is underway at one of the world’s biggest and iconic names in telecoms and media: AT&T today announced that Randall Stephenson will be stepping down as the chairman and CEO of the telco, and he will be replaced by John Stankey, currently the COO. The change is effective on […]




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Dribbble, a bootstrapped ‘LinkedIn’ for designers, acquires Creative Market, grows to 12M users

Traditionally dominated by big players like Adobe and Autodesk, the world of design has been flush with a newer wave of startups that are creating collaboration spaces and new cloud-based tools designed to address the needs of creatives. Today, two of those players are combining. Dribbble, an online community for designers that lets them post […]




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Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago

Amazon has been one of the biggest names synonymous with how the consumer masses are experiencing life under lockdown: its site lets you buy anything from soup to nuts, from books to baking pans for all your sourdough; and via its streaming services, it gives you many ways to stay entertained. But it can also […]




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Equity Monday: Startups run low on cash, and why some Internet tailwinds are fading

Good morning and welcome back to TechCrunch’s Equity Monday, a jumpstart for your week. Regular Equity episodes still drop each and every Friday morning, so if you’ve listened to the show over the years, don’t worry — we’re only adding to the mix. You can catch last week’s show with Danny Crichton and Natasha Mascarenhas right here if […]




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Microsoft shares rise after the tech giant posts 15% growth

Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. The technology giant generated $35 billion in revenue, up 15% from the year-ago period. That top line led to $13 billion in operating income (+25% YoY), and $10.8 billion in net income (+22% YoY). […]