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Election: Tories promise new state aid system after Brexit — latest news

The Conservatives vowed to bring in a new state aid system to protect British industry after Brexit, as the party finesses its message to Leave voters ahead of election day.

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Election: Traders race to protect against potential drop in UK pound — as it happened

Live coverage of UK election campaign.

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Oil price plunge pummels commodity tracker funds

More volatility ahead as US oil storage capacity is depleting, analysts warn




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Alternative risk premia funds fail to live up to expectations

Popular funds’ performance woes compounded by coronavirus market sell-off




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Mifid II influence spreads beyond EU borders

Different approaches to paying for investment research exacerbated by pandemic




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Central banks prop up fund industry with $100bn injection

Fitch says scale of support points to the systemic importance of $55tn asset management market




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Poland postpones presidential vote after bid to defy pandemic fails

With its candidate favourite to win, Law and Justice party was insisting poll should go ahead on May 10




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EU increases pressure on Britain over Irish Sea customs border

Brussels sets out tariffs proposals aimed at reducing risk of smuggling into bloc




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UK and Irish help for Trump Organization probed by Democrats

The US president holds ownership interests in golf resorts in Scotland and Ireland




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EU’s top court reasserts primacy after German challenge

ECJ issues rare warning over EU legal order after German judges question its superiority




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UK draws up plans to bypass strike-prone port of Calais

Brexit and coronavirus have prompted drive for improving trade resilience




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Kamala Harris and the race for the Democratic presidential nomination

The race for the US Democratic presidential nomination is hotting up with a huge field of 23 candidates all hoping run against Donald Trump in 2020.  Courtney Weaver has focused in on one of the candidates, Kamala Harris, and she talks to Neville Hawcock about how the campaign for the Democratic nomination is shaping up. Read Courtney's article here


Contributors: Josh Noble, weekend news editor, Neville Hawcock, acting deputy editor, FT Weekend Magazine, and Courtney Weaver, Washington correspondent. Producer: Fiona Symon

 

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China faces dilemma over Hong Kong protests

Hong Kong protests against a proposed extradition law that would allow criminal suspects to be handed over to China are continuing, despite a concession by the Hong Kong chief executive to suspend the proposed law. Naomi Rovnick discusses discusses what’s at stake for China and what the protesters are seeking to achieve, with Tom Mitchell in Beijing and Sue-Lin Wong in Hong Kong.


Contributors: Suzanne Blumsom, executive editor, Naomi Rovnick FT Live reporter, Sue-Lin Wong, South China correspondent and Tom Mitchell, Beijing bureau chief. Producer: Fiona Symon

 

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European court sets precedent on hate speech

Europe’s top court has ruled that individual countries can force Facebook to take down illegal content, including hate speech, both inside the EU and across the world. Malcolm Moore discusses the implications of the ruling for freedom of expression with Mehreen Khan and Madhumita Murgia.


Contributors: Malcolm Moore, technology news editor, Mehreen Khan, Brussels correspondent, and Madhumita Murgia, European Technology correspondent, Producers: Fiona Symon and Persis Love

 

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Syria's war profiteers

During Syria's eight year civil war, around half a million Syrians have lost their lives and many more have lost their livelihoods. But a few individuals have made millions by helping the Assad regime. Chloe Cornish has been investigating and she tells Josh Noble about some of Syria's war profiteers.


Contributors: Josh Noble, weekend news editor, and Chloe Cornish, Middle East correspondent. Producers: Fiona Symon and Persis Love

 

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Wealth gap ignites Chile protests

Last weekend thousands of people took to the streets of Chile in an outburst of anger at a rise in the price of the metro fare. But as Benedict Mander tells Michael Stott, the roots of the unrest go much deeper.

 

Contributors: Michael Stott, Latin America bureau chief and Benedict Mander, Chile and Argentina correspondent. Producer: Persis Love.

 

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Inside the Hong Kong protests

The FT's Sue-Lin Wong spent several months with members of Hong Kong's youthful pro-democracy movement and their supporters. She tells Andreas Paleit what she learnt about their hopes and fears for the future.

Read Sue-Lin's magazine story here


Contributors: Andreas Paleit, companies desk editor, and Sue-Lin Wong, South China correspondent. Producer: Fiona Symon

 

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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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Does the Fed have a communication problem?

The US Federal Reserve has begun to consult the public, particularly in poorer parts of the country about monetary policy. As a result, policy wonks at the central bank have begun to reconsider the impact of their decisions on communities far from the centres of power. Brendan Greeley discusses the so-called Fed Listens sessions with Patrick Jenkins.


Contributors: Patrick Jenkins, Deputy Editor and Brendan Greeley, US economics editor. Producers: Fiona Symon and Persis Love. Photo credit: Alex Wong/Getty


 

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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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Argentina bondholders snub ‘disproportionate’ debt offer

Biggest creditors attack government’s proposal to restructure $65bn of foreign debt




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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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FDA flags risks for virus drug promoted by Trump

US regulator cautions against using chloroquine outside of hospitals or clinical trials




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Fauci praises remdesivir after data show it speeds recovery

US-run trial of Gilead coronavirus therapy demonstrates ‘significant positive effect’




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Gilead hopes to produce 1m courses of remdesivir by year’s end

Biotech group’s shares have soared this year on hopes drug could be used to treat coronavirus




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How an unproven drug became a bellwether for global stocks

Investors have bet on Gilead’s remdesivir as solution to coronavirus crisis




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Coronavirus: US death toll approaches 62,000 — as it happened




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Hydrogen energy projects win £30m UK funding

Schemes to look at cutting emissions in sectors such as transport in push to meet 2050 ‘net zero’ target




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Electricity prices slump as businesses close across the US

Shutdowns likely to shift energy use from fossil fuels towards wind and solar




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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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What will the UK property market look like after lockdown?

Join our live discussion with buying agent Henry Pryor on Friday May 8 at 12 and 5pm UK time




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A ray of light in global property

How markets are beginning to stir from their coronavirus-induced slumber




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Dollar’s long-term prospects turn gloomy, say analysts

Interest rate cuts and massive fiscal stimulus are expected to weigh on the greenback




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Top US official plays down Turkey’s prospects of securing dollar finance

Large foreign financing requirement and small reserves leave Erdogan facing cash crunch




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Turkish lira succumbs to pressure and weakens past 7 to dollar

Currency softens beyond key level as investors brace themselves for more interest rate cuts




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How to preserve jobs as retention schemes wind down

Programmes should be flexible and help workers move to in-demand sectors




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ETFs have proved critics wrong during the crisis

Popular funds have survived a period of intense market stress




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Rolls-Royce ditches profit targets and suspends dividend

Grounding of aircraft around the world due to coronavirus crisis takes toll on UK aero-engine maker




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EasyJet boosts cash after fresh pressure from Sir Stelios

Airline’s biggest shareholder calls for CFO’s exit over failure to scrap £4.5bn Airbus order 




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Airbus cuts aircraft production by a third

European aerospace group confirms it will slash output of popular A320 single-aisle jet




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EasyJet says Stelios pressure ‘highly undesirable’

Airline calls shareholder vote on directors in latest escalation of dispute




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Boeing cuts jobs and production as aircraft demand sinks

‘We will be a smaller company for a while,’ says chief David Calhoun




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Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money




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Intercontinental Exchange chief defends eBay approach 

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




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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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Prince Andrew repaid own charity after queries from regulator

Charity Commission intervened over £350,000 of payments to Duke of York’s private secretary




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WeWork’s prophet has lost his charisma

Adam Neumann transformed shared offices but failed to charm stock market investors




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Europe has a problem with its SUV habit

The continent faces a new emissions scandal as family vehicles grow bigger and heavier




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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