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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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Pearson’s latest profit warning is a teachable moment

UK-based education company is still more value trap than takeover candidate




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Trainline’s investment case is at risk of hitting the buffers

Tickets website has to navigate an overhaul of UK rail’s supporting infrastructure




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Decarbonisation to drive ‘dramatic’ rise in cement prices, says Redburn

Production costs to rise by 61% when industry invests in carbon capture




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Avast’s rotten week is a lesson in crisis management

Shares in security software maker dropped sharply after revelations of data harvesting




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Latin American producers boosted by weaker currencies

Price in local currencies of commodities such as copper and coffee has surged




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Mexico’s Grupo Lala chief to join JAB beverages arm

Mauricio Leyva to advise German family company on expanding beverages arm




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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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Weak currencies boost Latin America’s producers

From coffee to copper, exporters enjoy higher profits




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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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Mexico’s Pemex in deep water as debt outlook worsens

State-owned oil group faces risk of further rating downgrades and grapples with output woes




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James Murdoch makes investment to combat fake news

The former Fox CEO commits millions to battle against disinformation




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FT The Americas’ Fastest Growing Companies

This inaugural ranking of the region’s businesses by revenue growth rate reveals the dominance of the US and technology — the top-ranked company this year is an augmented reality and video game developer




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FT ranking: the Americas’ fastest-growing companies

Technology bolsters US dominance of the list, but coronavirus fallout looms large




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Vale launches New York front in bitter battle with Beny Steinmetz

Brazilian group alleges tycoon’s family-controlled mining arm fraudulently funnelled $500m into Manhattan real estate




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Retired customers find it harder to break up with their bank  

Finding a good credit card deal when you’re older is more difficult




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Consumers pay big price after free cash machines close

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up




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Have Isas become too complex?

Advisers warn the widening landscape is confusing investors and preventing people from saving




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Penalties slashed on Lifetime Isa withdrawals

Treasury reduces charge for removing cash from tax-free accounts for under-40s




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Latest National Savings & Investments rates

Current rates from the state-owned savings bank




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Coronavirus: Small business loan scheme capped for US banks — as it happened

In today’s news: UK warns it would be ‘irresponsible’ to discuss easing lockdown. Spain sets out plan to lift its own tough measures. Donald Trump signals a halt to his daily media briefings as US death toll accelerates.

Read more




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Coronavirus: BofA says US consumer spending starting to rebound — as it happened

A live blog from FT.com

Read more




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Frances Arnold on the directed evolution of enzymes

The Nobel laureate talks to Anjana Ahuja




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Farmers reap rewards of biological pest control

Concern over use of chemicals drives research into alternatives




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China close to abandoning ChemChina and Sinochem merger

Deal to create one of world’s biggest chemicals groups beset by management clashes




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IFF-DuPont $26bn deal bets on meatless future

US flavouring group seeks first-mover advantage with purchase of nutrition venture




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Jim Ratcliffe’s Ineos to sponsor Mercedes Formula One team

Move boosts chemicals group’s growing sports investment portfolio




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Surge in plastics production defies environmental backlash

Cheap shale gas has fed an investment boom in products that often end up as waste. Has the petrochemicals industry miscalculated?




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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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Banked picks up £2.35M seed to use open banking for account-to-account payments

Banked, a London-based fintech using open banking to enable account-to-account payments at checkout (and beyond), has raised £2.35 million in further seed funding. The round was led by Force Over Mass, with participation from previous investors Backed and Acrew Capital, along with a number of high-net-worth individuals, such as Paul Forster (co-founder of Indeed.com). It […]




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Investors should ask who will buy all the new US government debt

The last time America sold war bonds they were essentially a tax on savers




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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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My pity package of Chinese face masks sends a bigger message

As US health workers suffer from inadequate protection, there are signs of a shifting world order




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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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Instagram ‘pods’ game the algorithm by coordinating likes and comments on millions of posts

Researchers at NYU have identified hundreds of groups of Instagram users, some with thousands of members, that systematically exchange likes and comments in order to game the service’s algorithms and boost visibility. In the process, they also trained machine learning agents to identify whether a post has been juiced in this way. “Pods,” as they’ve […]




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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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Don’t blame German judges if they say No to ECB asset purchases

It would be the underlying law and EU treaty that needs changing, not the ruling




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Ingram Pinn’s illustration of the week: In the frame

TV debate vacates centre ground




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Ingram Pinn’s illustration of the week: Emergency emissions

COP25 attempts to confront climate change




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

Donald Trump plans to reopen US for business despite coronavirus




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Pinn’s illustration of the week: Testing times

Governments scramble for coronavirus tests




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Pinn’s illustration of the week: America First

Donald Trump pulls support from the World Health Organization




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Online printing site Doxzoo exposed thousands of customer files

Doxzoo proudly says on its website that your “documents are in safe hands.” But for some time, that wasn’t true. The U.K. printing company left its customer files on a cloud storage bucket, hosted on Amazon Web Services, without a password. Anyone who knew the easy-to-guess bucket name could access the massive trove of customer […]




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Google said to be preparing its own chips for use in Pixel phones and Chromebooks

Google is reportedly on the verge of stepping up their hardware game in a way that follows the example set by Apple, with custom-designed silicon powering future smartphones. Axios reports that Google is readying its own in-house processors for use in future Pixel devices, including both phones and eventually Chromebooks, too. Google’s efforts around its […]




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Samsung expects COVID-19 to hurt smartphone and TV sales, but increase demand for memory

In its first-quarter earnings report today, Samsung said it expects the COVID-19 pandemic to continue impacting its business for the rest of the year, cutting into sales for smartphones and TVs, but increasing demand for PCs, servers and memory chips as people continue to work or study from home. Samsung’s results for the first-quarter of […]




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Cheetah, a restaurant wholesale app that pivoted to consumers for COVID-19, nabs $36M

A lot of restaurants have shuttered in the wake of stay-at-home guidance and government orders for non-essential businesses to close down, so a startup called Cheetah that provided a wholesale delivery service for them pivoted to selling to consumers, and now it’s raised a round of funding, both to expand its business and to help […]




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Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago

Amazon has been one of the biggest names synonymous with how the consumer masses are experiencing life under lockdown: its site lets you buy anything from soup to nuts, from books to baking pans for all your sourdough; and via its streaming services, it gives you many ways to stay entertained. But it can also […]




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Confirmed: Intel is buying urban mobility platform Moovit in a $900M deal

On the heels of a spate of reports over the weekend, today Intel confirmed its latest move to grow its automotive division. The chip giant is acquiring Moovit, an Israeli startup previously backed by Intel that analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. The deal values Moovit at […]