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Ross Perot, businessman and politician, 1930-2019

His 19% in 1992 was best result for independent presidential candidate in 80 years




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A sports addict’s diary: my ‘Morning in America’

From Wimbledon to Lord’s, this summer has been a gift that — technology permitting — keeps on giving




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Washington diary: falling under the Nationals’ spell

The baseball team’s victory in the World Series reflects the city’s wider resurgence




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Toilet roll mania boosts sales of Andrex maker Kimberly-Clark   

Retailers are still replenishing stocks after panic buying ahead of coronavirus lockdowns




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Wall Street ends higher as investors look past immediate downturn

US stocks shake off loan loss warnings from country’s largest banks




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UK construction: financial muscle required

Companies with strong balance sheets are best placed for post-crisis rebuild




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CVC and Blackstone in talks to invest in Italian football league

Private equity firms in separate discussions to back coronavirus-hit Serie A




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Liberty Global and Telefónica dial up changes in ‘deal of decade’

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic




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Norwegian Cruise Line raises $2.2bn in fight to stay afloat

Company pledges two ships and two islands as collateral in upsized refinancing plan




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Energy trader Mercuria sees turn in oil market

Price crash provokes supply cuts but ‘all bets are off’ if second wave of pandemic hits




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Investors make big bets on silver closing giant gap with gold

For some analysts the industrial metal looks cheap, even given the Covid-19 slowdown




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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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JBS: unreliable steer

Pressure rises on investors to blacklist companies associated with Brazilian deforestation




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Coronavirus crisis: your financial rights

How to navigate government help schemes, the benefits system, redundancy pay and help from banks




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Don’t let coronavirus derail your financial plans

Take steps to improve your relationship with money and the role it plays in your life




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Chemicals group Clariant suspends Saudi joint venture plans

Swiss company announces ‘challenging’ results a day after its chief executive quit




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IFF-DuPont deal creates $45bn flavourings giant

New York company wins bidding against Kerry for nutrition and biosciences unit




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Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number of tech entrepreneurs from Estonia participated, such as […]




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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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US lawyers and insurers must face Covid-19 liability

Private lawsuits are a vital tool for upholding standards in the free market system




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Public trust in CEOs ‘evaporates’; building back better with UK social housing; EM green bonds take off

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




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WhatsApp eyes lending feature in India as Amazon rolls out Pay Later to tens of thousands of customers

WhatsApp, which began testing its mobile payments feature in India two years ago, could offer at least one more financial service to people in its biggest market. In a filing with the local regulator in India, the Facebook -owned messaging platform has listed credit as one of the areas it will pursue in the country. […]




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Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million in fresh capital at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the […]




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Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […]




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Vista Equity Partners to invest $1.5B in India’s Reliance Jio Platforms

Private equity firm Vista Equity Partners said on Friday it will invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and Silver Lake that have also made bets on the Indian telecom giant in recent weeks. The planned announcement, which would give the U.S.-headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake in […]




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Britain and EU are negotiating at cross purposes

Once the UK accepted trade friction, everything changed




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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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India’s Glance tops 100M daily active users in 21 months

Glance, which serves media content, news and casual games on the lock screen of Android -powered smartphones, has amassed 100 million daily active users, it said today. The subsidiary of ad-firm InMobi Group reached the milestone in 21 months in what appears to be the shortest duration for any popular internet service to gain their […]




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Factorial raises $16M to take on the HR world with a platform for SMBs

A startup that’s hoping to be a contender in the very large and fragmented market of human resources software has captured the eye of a big investor out of the US and become its first investment in Spain. Barcelona-based Factorial, which is building an all-in-one HR automation platform aimed at small and medium businesses that manages […]




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Liberty’s Virgin Media and Telefonica’s O2 to merge in the UK in $39B deal

The regulators said “NO” when Telefonica tried to combine its O2 operations in the UK with rival carrier, Hutchison-owned Three, back in 2015. But Telefonica didn’t let go of the idea of divestment, and five years later, in the middle of a health pandemic with related threats of a global economic depression looming over us, […]




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Symend raises $52M to help mediate when customers are at risk of defaulting on payments

With unemployment growing at a worrying rate, we’re seeing a lot more people finding themselves in hot water when it comes to their finances. Today a startup that’s built a platform to help identify and help those users when they find themselves unable to make payments is announcing a very large growth round of funding […]




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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). […]




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Microsoft’s Surface Go 2 and Surface Book 3 are official

The days of the big product event are on hold for the foreseeable future. Until then, a big blog post will have to do. A day after announcing that Microsoft would be shifting focus away from dual-screen devices, Chief Product Officer Panos Panay took to the company’s Devices blog to show off a slew of […]




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Dtex, a specialist in insider threat cybersecurity, raises $17.5M

A lot of enterprise cybersecurity efforts focus on malicious hackers that work on behalf of larger organizations, be they criminal groups or state actors — and for good reason, since the majority of incidents these days come from phishing and other malicious techniques that originate outside the enterprise itself. But there has also been a […]




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US on track for worst corporate quarter since financial crisis

Impact of lockdown weighs on company earnings but stock markets look for optimism




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Shopify’s swift ascent stirs talk of Canadian ‘curse’

Online retailer hopes to avoid fate of non-banks whose value surpassed country’s biggest lender




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YouTube TV to gain 14 more ViacomCBS channels in expanded distribution deal

YouTube TV is expanding its lineup of channels thanks to a new, multi-year distribution agreement with ViacomCBS, announced this morning. The Google-owned streaming TV service is gaining 14 new ViacomCBS channels as a result of the deal, including news, sports, and entertainment offerings. It will also continue to carry CBS broadcast stations, CBS Sports Network, […]




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How can I protect my children’s savings from tax liabilities?

I am concerned about inheritance tax if my husband and I were to die prematurely




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Can I cut our mortgage costs by negotiating a lower rate? 

Our household income has been hit hard by the coronavirus pandemic




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Will Covid-19 repatriation leave us with a large tax bill?

We are returning to the UK from the US following the virus outbreak




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A security expert says India’s contact-tracing app has flaws; New Delhi says they are ‘by design’

The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher Baptiste Robert found what he […]




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Xiaomi, Samsung and others begin to resume smartphone production in India

Xiaomi, Vivo, Samsung, Oppo and other smartphone companies have received approval from some state governments in India to partially resume manufacturing and assembling of devices amid the ongoing lockdown in the world’s second largest handset market that completely shut operations at these plants in late March. The companies said that they have secured permission to […]




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UK parliament has been shamefully missing in this crisis

Democratic politics functions on the premise that accountability improves outcomes




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Commercial real estate could be in trouble, even after COVID-19 is over

Commercial real estate owners, brokers and landlords have collectively made many hundreds of billions of dollars a year in recent years as the economy zipped along. Now, they’re getting clobbered by the pandemic-fueled economic crisis. Worse, their industry may be forever changed by it. To state the obvious, extracting rent from nearly anyone right now […]




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India says video conference app Zoom is ‘not safe’

India said today Zoom is ‘not a safe platform’ and advised government employees to not use it for official work as the video conference service surges in popularity in many nations including the world’s second largest internet market as billions of people remain stuck at home due to the coronavirus crisis. “Zoom is a not a […]




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Twitter will remove dubious 5G tweets ‘that could potentially cause harm’

Ever since it first started rolling out, 5G skeptics have attempted to link the next-gen cellular technology to all manner of health issues. Most recently, it’s become an easy scapegoat for the global COVID-19 pandemic, given the rapid rise of both. Conspiracy theories have gained such a foothold that vigilantes have taken matters into their […]




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Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […]




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A partial and defective US-China trade truce

A large problem remains: Washington does not know what it is trying to achieve




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Crisis lays bare risks of financial leverage, again

This time it is capital markets, rather than banks, that have to reform