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London Stock Exchange sees future in global data business

The London Stock Exchange group has confirmed that it is in advanced talks to buy Refinitiv in a $27bn deal that would turn it into a global exchanges and data powerhouse. Patrick Jenkins discusses the proposed deal with Arash Massoudi, the FT’s corporate finance and deals editor.


Contributors: Patrick Jenkins, financial editor, Arash Massoudi, corporate finance and deals editor. Producer: Fiona Symon

 

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What sterling's fall means for shoppers, exporters and investors

Sterling has taken a beating in the currency markets, falling to a fresh two-year low against the US dollar on Tuesday. Michael Hunter discusses why this has happened and who will be affected with Katie Martin, the FT's capital markets editor.


Contributors: Michael Hunter, markets reporter, and Katie Martin, capital markets editor. Producer: Fiona Symon

 

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Russia's futuristic tax system

In a country that features prominently in international corruption league tables, it is surprising to find a futuristic tax system that has significantly narrowed the gap between revenue due and revenue collected. Chris Giles, the FT's economics editor, visited Russia's Federal Tax Service to find out how the system works. He discusses whether the model could be applied elsewhere with Suzanne Blumsom.


Contributors: Suzanne Blumsom, executive editor, and Chris Giles, economics editor. Producer: Fiona Symon

 

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Are flying taxis coming to our cities soon?

Chinese carmaker Geely is investing in German flying taxi start-up Volocopter. Josh Noble discusses China’s interest in this technology and the future of flying taxis wirh the FT’s motor industry correspondent Peter Campbell and global technology correspondent Tim Bradshaw


Contributors: Josh Noble, weekend news editor, Peter Campbell, motor industry correspondent, and Tim Bradshaw, global technology correspondent. Producer: Fiona Symon

 

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Why a French luxury group wants to buy Tiffany’s

The French luxury goods group LMVH has made a surprise $14.5bn offer for Tiffany’s, the New York jeweller immortalised in the 1961 film Breakfast at Tiffany’s.  Harriet Agnew and Vanessa Holder talk to Katie Martin about whether the takeover bid will succeed and the merits for both sides in the current geopolitical climate.


Contributors: Katie Martin, capital markets editor, Harriet Agnew, Paris correspondent and Vanessa Houlder, Lex writer. Producers: Persis Love and Fiona Symon

 

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Brexit: the final chapter?

The stage has been set for the next, potentially decisive, act of Brexit after the UK parliament voted to back a December election and the EU formally signed off a delay to Britain’s departure until the end of January. David Bond discusses what happens next with Laura Hughes, parliamentary correspondent, and Sam Fleming, Brussels bureau chief.


Contributors: David Bond, Brexit editor, Laura Hughes, parliamentary correspondent, and Sam Fleming, Brussels bureau chief. Producers: Persis Love and Fiona Symon

 

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Paul Volcker's message for the next generation

Paul Volcker, who died at the weekend, was one of the most influential monetary policy makers of the 20th century. The FT’s Gillian Tett spoke to the former central banker at his home in New York last year about his views on good government, regulating finance and US China relations. In this podcast, she shares some excerpts from the conversation.


Contributors: Katie Martin, markets editor, and Gillian Tett, chair of the FT editorial board (US). Producers: Fiona Symon and Aimee Keane

 

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Trump exposed

Two recent books about the Trump administration have shed a damning light on the character of the man who occupies the White House. The FT’s Edward Luce and Frederick Studemann discuss Crime in Progress by Glenn Simpson and Peter Fritsch and A Warning by Anonymous. 


You can read Edward Luce’s review of the books here.


Contributors: Frederick Studemann, literary editor and Edward Luce, US national editor. Producers: Fiona Symon and Persis Love. Photo credit: Allen Lane/Penguin Books, Twelve Books

 

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Exposing the problem with default data

Caroline Criado-Perez won the latest Financial Times and McKinsey Business Book of the Year Award with her book Invisible Women: Exposing Data Bias in a World Designed for Men. She spoke to Andrew Hill, the FT’s management editor, about the consequences for women and for society as a whole of using men as the default model.


Contributors: Andrew Hill, management editor, and Caroline Criado Perez. Producers: Marc Filippino and Fiona Symon

 

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Persecution of China's Uighur Muslims exposed

Growing a beard, praying in public and calling someone overseas. These are some of the 'offences' for which Uighur Muslims have been sent to internment camps in the Xinjiang region of China, according to a leaked document known as the Karakax list. Adrienne Klasa talks to the FT reporters who discovered the document, Christian Shepherd and Laura Pitel. Read the FT story here


Contributors: Adrienne Klasa, creative producer, Christian Shepherd, Beijing correspondent, and Laura Pitel, Turkey correspondent. Producers: Persis Love and Fiona Symon

 

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Mexico’s economy shrinks under pressure from coronavirus

Analysts fear government’s timid fiscal response will prolong the pain




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Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




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Coronavirus gives Bolivia’s ‘interim’ president chance to extend rule

Jeanine Añez settles in for long haul as pandemic adds to political uncertainty




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The pandemic tests tempers and tolerance in Mexico

Some officials are using Covid-19 to jump on the neoliberal-bashing bandwagon




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US captive in Venezuela says plan was to extract Maduro

Venezuela’s president airs video of former US soldier accused of taking part in thwarted plot




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Next’s Wolfson shows his workings for a new socially distant world

Boss of clothing retailer deserves a premium; Astra’s eyes on big prize




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AstraZeneca and Oxford university agree deal to develop virus vaccine

Partnership that would prioritise UK could produce 100m doses by year-end if treatment is effective




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Dozens of existing drugs being tested as possible virus treatments

Research paper published in journal Nature identifies number of alternative treatments




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Drax to end use of coal at UK’s biggest power plant 3 years early

Group says 230 jobs will be lost at Selby site at it looks to beat 2025 fossil fuel deadline




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Energy: how Texas learned to love solar power

A boom in projects across the Permian Basin comes amid coronavirus fears and a global oil price war 




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Lex Midweek Letter: Amazon’s May Day mayday

Customers and investors may appear immune to staff complaints but regulators have not lost interest




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National Express/placings: fortune favours the financed

Well-capitalised businesses will have an increased advantage for the next few years




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Turkey bans FX trades with UBS, Citi and BNP as lira hits record low

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis




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Boeing suppliers Hexcel and Woodward call off $6.4bn merger

Aircraft parts manufacturers pull plug in first big deal to collapse due to coronavirus pandemic




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US regulator grants exemption for drone flight during lockdown

Oil and gas company in Texas given approval to use unmanned aircraft to inspect vital infrastructure




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Airbus is ‘bleeding cash’, says chief executive

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence




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Coronavirus: Trump in new push to expand testing — as it happened




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FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

Paper released by UK regulators homes in on tactic known as latency arbitrage




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Central banks ‘hesitant’ on digital currencies, says ex-governor

Christian Noyer believes projects available to consumers are a way off yet




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Intercontinental Exchange chief defends eBay approach 

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher




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JPMorgan and Goldman throw weight behind exchange start-up

MEMX is hoping to disrupt the US equities market when it launches in July




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Banks fear Ion/Broadway deal will push up forex fees

Acquisition allows group to build bigger share of the $6.6tn-a-day market




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‘Intense’ trading sends exchange volumes to record

Platforms report soaring activity after coronavirus outbreak spooks investors




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Could shutting exchanges stop the markets rot?

US Treasury secretary floats idea of shorter trading hours as staffing hit by virus




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Banks press exchanges for virus contingency plans

Industry associations demand detail to manage risk of trading from home




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US options exchanges prepare to reopen trading floors

Arca in San Francisco and Box in Chicago will throw open their doors on Monday




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The Apple Card is an expensive way to pay

It is right for the Fed to lead America towards faster and more efficient bank payments




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LVMH has become a luxury department store

Bernard Arnault’s company is the modern incarnation of La Samaritaine and Neiman Marcus




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Peloton’s sexist Christmas ad has another problem

Misjudged commercial is an example of an especially troublesome type of marketing mistake




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US executives rush in record numbers to ‘buy the dip’

As the stock market plummeted last month, managers of big companies saw value 




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British Steel’s Chinese rescuer to complete purchase next week

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved




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Vedanta chief executive resigns 

Departure comes just weeks after Moody’s cut miner’s rating to junk




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Rio Tinto expects rising commodity demand from China

Anglo-Australian mining group benefits from resilient iron ore price




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Ryanair to axe up to 3,000 jobs as it warns over slow recovery

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years




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Alex Cruz, BA boss suffering from altitude sickness

The four years since his promotion to CEO have been beset by crises




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ConocoPhillips takes axe to production after $1.7bn loss

US oil producer pledges to reduce output by more than a third in June




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ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




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AngloGold sells world’s deepest gold mine in South Africa exit

Move could pave way for company to shift primary listing to London




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Government eyes flexible furlough extension to get UK back to work

Sharma signals tapering of scheme as Johnson prepares to announce road map out of lockdown




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My First Million: Nicholas Gill, chief executive, David Phillips

We grew too fast, but came back stronger