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Michael Hintze’s hedge fund hit hard by credit bets

Billionaire CQS trader hurt by exposure to default-ridden energy sector




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European countries ban short selling after markets plunge

‘We are ready to go further,’ says French minister after issuing temporary prohibitions




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French markets regulator backs extension of short-selling ban

AMF chairman cites uncertainty around dividends and coming downgrades to credit ratings




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Bloomberg fined €5m over report of fake news release

French regulator says agency failed to verify false story that sent Vinci shares down 18%




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Boom in global sand trade fuels conservation fears

Countries ban exports in attempt to protect environment as consumption is set to soar




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Hochtief/Dubai hotels: deconstructed

Middle East building downturn that began in 2015 shows little sign of abating




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The global elite is finally getting used to Donald Trump

Differences remain but Europe leaders are growing accustomed to US president’s style




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Von der Leyen tells China to price carbon

Commission president sets out Brussels’ plan for CO2 border adjustment mechanism




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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Brussels plans new anti-money laundering authority

European Commission seeks to strengthen enforcement powers after banking scandals




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Videoconferencing hit delivers biggest ever Nordic software IPO

Pexip deal marks bright spot in otherwise bleak European IPO market




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Liberty Global and Telefónica agree £31bn deal to merge UK groups

Combination of O2 and Virgin Media set to transform British telecoms market




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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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Empty US hotels increase pressure on debt investors

JPMorgan data show about one in four loans was behind on payments last month




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Dysfunctional oil market needs a new model

Regional trading blocs would better align mutual interests and provide stability




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North America set for first plant supplying cobalt for electric cars

Glencore-backed First Cobalt to open Canada refinery this year in attempt to cut reliance on China




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Oil’s cruellest month has forced a rethink on production

Dive into negative prices triggered pullback that helps set scene for rebound




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Biggest US oil refiner posts $9.2bn loss as fuel demand dives

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output




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Private equity funds can help your portfolio scale heights

An esoteric choice they may be for private investors, but if you’re selective they can add value




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Deal of the week: Chelsea’s five-year fix at 3.39%

Lowest five-year fix in UK history




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Chelsea’s five-year fixed-rate mortgage

3.19 per cent deal comes with a fee of £1,495




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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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Government delays overhaul of business rates

Move means hard-hit industries face another year of high bills




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HMRC launches coronavirus income support scheme for self-employed

Cash from successful claims could reach bank accounts by end of the month




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Debt relief for US consumers leaves investors flying blind

Forbearance and federal support programmes disguise how badly Americans have been hit




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UK savers give investment funds a boost after election

More than £1bn ploughed into equity vehicles after decisive Conservative victory




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Yield-crazed investors should be wary of Hipgnosis

Music royalties specialist has done well in a strong market for alt investment trusts




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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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JBS: unreliable steer

Pressure rises on investors to blacklist companies associated with Brazilian deforestation




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Crunch time for tycoon as Digicel bond clouds loom

Ireland’s richest man O’Brien faces struggle to refinance former cash cow’s debt pile




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US extends Venezuelan oil refiner Citgo’s lifeline

Treasury also licenses Chevron to operate in crisis-hit nation for a further 3 months




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Vale warns steel production cuts will hit iron ore prices

Chief expects weak demand from mills outside China to offset supply disruptions elsewhere




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Huntsman sells chemicals units to Indorama for $2bn




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Banks’ call for Iofina coup slated as ‘self-serving’

Iodine producer rejects Brexiter’s coronavirus play as ‘probably not very educated’




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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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UK investors band together to survey Angels on their strategy during COVID-19

A number of UK entrepreneurs have banded together to survey Angels about their investment strategy. The initiative comes in the wake of the UK government’s “Future Fund” for startups, which has been criticized as being inadequate for the needs of Angel and Seed-stage startups. The group hopes the survey will give the UK early-stage investment […]




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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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Short sellers circle virus sinners; Amazon’s looming shareholder battle; Businesses fight for prisoner releases

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




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Covid-19 to boost worker pay; Soros chips in; BRT sinners; Shell’s carbon pledge

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




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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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Poynter Institute launches WhatsApp chatbot to debunk coronavirus-related hoaxes

You can now debunk thousands of coronavirus-related hoaxes with a few texts on WhatsApp . Poynter Institute, a non-profit organization that supports journalism, today launched a bot on the Facebook -owned service that will allow people across the globe to debunk over 4,000 hoaxes surrounding the pandemic such as whether the infectious disease originated in […]




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Equity Monday: Intel covets Moovit, two early stage rounds, and Uber’s earnings

Good morning and welcome back to TechCrunch’s Equity Monday, a jumpstart for your week. Equity had a busy last few days, so to help you catch up: Friday’s episode was a lot of fun (Duolingo, Figma, OMERS, and aquafaba), and we also dropped an Equity Shot on Saturday, digging into the first major technology earnings week. […]




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Facebook to add gift cards, jobs and donation tools to its COVID-19 Community Help hub

Facebook is expanding its Community Help hub to better serve local communities amid the COVID-19 pandemic. The hub has already seen significant usage by those requesting food, supplies and information about local resources, as well as use by volunteers and groups willing to lend a hand. Now, Facebook is adding more features to the hub […]




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Discover is Facebook’s new effort to help people access websites for free — but with limits

Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]




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Facebook users are buying and selling pangolin parts, even though it’s illegal

In spite of their protected status under international laws, pangolins remain one of the most trafficked animals in the world — and at least some of that trade is taking place right out in the open on Facebook . A new report from tech watchdog group the Tech Transparency Project details how Facebook users are […]




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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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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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Merkel’s successor must confront Germany’s decline

Investment strategies have failed to prepare the country for the technology shock




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Pinn’s illustration of the week: One-click delivery

Saudis alleged to have hacked Jeff Bezos’s phone




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Pinn’s illustration of the week: ‘A beautiful timeline’

Donald Trump plans to reopen US for business despite coronavirus