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Can innovative finance help save the world’s wildlife?

Wildlife conservation used to be largely financed by wealthy donors and governments. Now, efforts to attract institutional investors are showing significant potential, as a recent Rhino Bond launched by the Zoological Society of London, the FT’s seasonal appeal partner this year, showed. Oliver Withers, ZSL’s head of conservation finance and Aunnie Patton Power, expert in innovative investing and impact finance talk to John Aglionby about the changing landscape of conservation financing. Visit the FT’s seasonal appeal page to donate here


Contributors: John Aglionby, assistant UK news editor, Oliver Withers, ZSL’s head of conservation finance and Aunnie Patton Power, expert in innovative investing and impact finance. Producer: Fiona Symon. Editor: Breen Turner

 

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UK parties are missing the mark on climate change

As the UK general election approaches, all parties are stepping up their rhetoric on climate change. What are their manifesto pledges and are they even realistic? Jim Pickard and Nick Butler talk to Leslie Hook about what a new government could spell for the environment and the need for an international approach to tackling the climate crisis.


Contributors: Leslie Hook, environment and clean energy correspondent, Jim Pickard, chief political correspondent and Nick Butler, energy commentator. Producer: Persis Love

 

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Malta murder case throws spotlight on corruption in Europe

Allegations of high-level corruption have convulsed the Mediterranean island state of Malta and shocked the rest of Europe. Public anger has been unleashed by dramatic recent developments in the investigation into the killing of the journalist Daphne Caruana Galizia in a car bomb attack in October 2017. Ben Hall discusses the wider repercussions of the case with Josephine Cumbo and Michael Peel.

 

Contributors: Ben Hall, Europe editor, Josephine Cumbo, pensions correspondent, and Michael Peel, EU diplomatic correspondent. Producer: Fiona Symon

 

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China steps up bid for tech self-reliance

Beijing has ordered government offices and public institutions to remove all foreign computer equipment and software within three years as part of its bid for self-reliance in office technology. Malcolm Moore discusses the ramifications for Chinese and US companies and for the global supply chain with the FT’s Yuan Yang in Beijing.


Contributors: Malcolm Moore, technology news editor, and Yuan Yang, Beijing technology correspondent.  Producer: Fiona Symon

 

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The dwindling global telecoms dream

Two decades ago, international telecoms companies came close to dominating a global market. Nowadays however, the vision of a global telecoms company seems to be dwindling. Patricia Nilsson and Nic Fildes discuss why.


Contributors: Patricia Nilsson, media correspondent and Nic Fildes, telecoms correspondent. Producer: Persis Love

 

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The multilateralist

Shortly before his departure as FT editor, Lionel Barber was granted a rare interview with Angela Merkel, whose period in office is nearing its end. In conversation with Marc Filippino, Mr Barber offers his thoughts on the German chancellor as she battles to keep the flag of multilateralism flying in an increasingly unilateralist world.


Contributors: Lionel Barber, former FT editor, and Marc Filippino, audio producer. Producers: Marc Filippino and Fiona Symon

 

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Are financial institutions waking up to climate change?

Questions about the future of fossil fuels are putting new pressure on companies and financial institutions. How are they responding and should they be doing more? Pilita Clark talks to Huw van Steenis, chair of the sustainable finance committee at UBS and a former adviser to Bank of England governor, Mark Carney, and Billy Nauman, reporter for the FT’s Moral Money. 


Contributors: Huw van Steenis, chair of the sustainable finance committee at UBS, Pilita Clark, business columnist and Billy Nauman, reporter and producer, moral money. Producer: Persis Love. Photo credit: Saul Loeb/AFP/Getty

 

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Iran hardliners surf wave of despair

Victory for Iran's hardliners in this month’s parliamentary elections has come at the cost of a despondent population suffering under the weight of renewed US sanctions. With the future of the nuclear deal in doubt and isolationist leaders in the ascendant, Andrew England, Middle East editor, and Najmeh Bozorgmehr, Tehran correspondent, discuss what happens next.


Contributors: Andrew England, Middle East editor, and Najmeh Bozorgmehr, Tehran correspondent. Producers: Fiona Symon and Mehrnosh Khalaj.

 

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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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Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

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Republican $1tn plan, Paul Tucker on damage limits

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.


Friday, March 20

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China. 

 

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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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France limits nicotine sales after coronavirus study  

Stimulant given as ‘likely’ reason for lower infections but authorities stress health risks




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Coronavirus vaccine: an epidemic of nationalism

First country to get a vaccine could have an economic as well as a health advantage




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Cost of vaccinating billions against Covid-19 put at more than $20bn

Sum far exceeds $8bn fundraising target at upcoming EU-led donors’ conference




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Philippines: Duterte takes aim at the oligarchs

The president has turned his populist fire on big business, but is he attacking corporate greed or political opponents?




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The political debate on US energy is not connected to reality

American producers are coming under pressure on several fronts




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Coronavirus fears leave investors huddling in utilities

Demand for classically defensive stocks rises as viral outbreak worsens




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KKR to buy recycling group Viridor in £4.2bn deal

One of the first large acquisitions to be agreed since coronavirus pandemic rocked global markets




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How emergency planning has kept lights on and taps running

Energy, water and other utility groups keep services going despite lockdowns and cuts




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Energy groups seek help on payment holidays

Loan scheme worth up to £100m a month would allow suppliers to assist struggling customers




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EDF poised to lodge Sizewell C nuclear plant application   

Suffolk residents cry foul as French group seeks to continue process despite lockdown  




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Telefónica/Liberty: rainy day dealmaking

Potential cost cuts should not be used as justification for a UK telecoms tie-up




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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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Colony Capital reveals $3.2bn default on portfolio company loans

Trump ally Tom Barrack’s investment group in talks with lenders over hotel and nursing home debt




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United Airlines abandons $2.25bn bond offering

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown




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Policy response determines plenty

Mike Mackenzie’s daily analysis of what’s moving global markets




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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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Stumbling into May after running too fast

Mike Mackenzie’s daily analysis of what’s moving global markets




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Can governments afford the debts piling up to stabilise economies?

Two experts debate the long-term impact on inflation of the Covid-19 rescue packages




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Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




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UK pound slips more than 1% in first two trading days of May

Sterling under pressure from US-China angst and renewed Brexit concerns




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Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




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Turkish lira nears record low after efforts to curb selling

Country’s finance minister seeks to reassure investors on impact of Covid-19




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Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project




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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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Global economy is at risk from monetary policy black hole

Governments should borrow more to stave off secular stagnation




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Biden is struggling to win voters’ attention

Candour about the fiscal deficit might return the Democrat to prominence




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Russia’s economic woes will clip Putin’s wings

Pandemic combined with collapsing oil prices spells real hardship




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Even in a pandemic, politicians must decide

Being ‘guided by the science’ does not mean hiding behind it




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Markets are out of step with economic reality

Investors are looking to the future, but should beware of over-optimism




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Pandemic is putting banks’ resilience to the test

Regulators must ensure that lenders’ defences are sufficiently robust




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Debt relief alone will not save Argentina

Economic woes go well beyond the coronavirus crisis




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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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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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Stelios complains to regulator as easyJet row intensifies

Founder urges FCA to act as he presses airline to cancel multibillion pound Airbus order




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Virus outbreak on French warship sparks military weakness fears

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts




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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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EasyJet says Stelios pressure ‘highly undesirable’

Airline calls shareholder vote on directors in latest escalation of dispute