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Drax to end use of coal at UK’s biggest power plant 3 years early

Group says 230 jobs will be lost at Selby site at it looks to beat 2025 fossil fuel deadline




se

China’s Belt and Road power grids keep security critics awake

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk




se

Energy groups seek help on payment holidays

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




se

Electricity prices slump as businesses close across the US

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




se

Things are not as dire as they might seem for Centrica

If lenders maintain support, the company’s balance sheet may not need an urgent fix




se

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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Intel: Moovit or lose it

Chipmaker likely to be interested in app’s traffic data rather than its customers




se

Shopify: customer service

Retail services group’s new Shop app needs a price gimmick to lure buyers in




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Zillow: not safe as houses

Virtual home viewings are a world away from actual buying, especially with unemployment rising




se

Policy response determines plenty

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




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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




se

US stock sell-off wipes out gains for the week

S&P 500 falls after Big Tech raises red flags over virus impact and US-China tensions ratchet higher




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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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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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Why universities deserve special financial support

Higher education should not be treated as just another business




se

The self-destruction of the ‘Tropical Trump’

Brazil’s Jair Bolsonaro is building the case for his own impeachment




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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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Traders brace for reform of US data releases

Banning computers from ‘lock-ups’ forces rethink on how markets respond




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FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

Paper released by UK regulators homes in on tactic known as latency arbitrage




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Fund managers push LSE for shorter trading hours

Eight-and-a-half-hour day is needlessly long, say customers




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LSE’s $27bn deal for Refinitiv faces heat in Brussels

London bourse’s transformative acquisition is facing more scrutiny than expected




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‘Intense’ trading sends exchange volumes to record

Platforms report soaring activity after coronavirus outbreak spooks investors




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NYSE to review circuit-breakers after sharp drops

US benchmark S&P 500 can drop a maximum 7 per cent before first protection kicks in




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LSE to pay dividend after riding market turbulence

Frantic trading across financial markets pushes revenues up at the exchange and financial data group




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Interactive Brokers takes $88m hit from crude futures collapse

Shares in brokerage firm drop overnight after it discloses payments to clearing houses




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Refinitiv’s data-race struggle highlights LSE challenge

Business being bought from Blackstone-led consortium has lost ground to Bloomberg




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Branson clears path to sell $1bn stake in Virgin Galactic

Filing opens door to potential sale of half of Virgin Group’s holding in space venture




se

A diamond is not forever at a fashion house

LVMH’s $14.5bn bid for Tiffany shows power passing from gem miners to luxury marketers




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Do global businesses have too much power?

Despite public anger, corporate regulation is likely to remain fragmented




se

Peloton’s sexist Christmas ad has another problem

Misjudged commercial is an example of an especially troublesome type of marketing mistake




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How we all became screen obsessives

Phones, TV and games constantly vie for our attention — but how much do they add to our lives?




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Market rout reopens big gaps between winners and losers

Return of dispersion comes after years of similar returns across sectors




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Investors hunt for ‘survivors’ in US earnings season

In crisis mode, profits and growth matter much less than ability to ride out a downturn




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China’s US stock market flops raise governance concerns  

Companies suffer steep share-price falls while Luckin implosion highlights risks




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US stocks close out best month since 1987

Central bank support and rising hopes for economic reopening spark April rally




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British Steel’s Chinese rescuer to complete purchase next week

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved




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Vedanta presses on with plan to double oil production

Group’s founder Anil Agarwal undeterred by price crash and debt levels




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Tianqi looks to sell stake in world’s largest lithium mine 

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project




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BHP and Rio see solid rebound in China’s steel sector

Country’s production this year expected to top 2019 if coronavirus kept at bay




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Tata Steel may face obstacles in securing Covid loan

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt




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Airbus signals further production cut with job losses set to follow

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse




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BA job cuts signal depth of crisis for airline sector

Post-Brexit Britain will need a viable industry to support global role




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Shell cuts dividend for first time since second world war

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings




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Shell dividend cut puts Big Oil investment case in focus

Supermajors’ status as reliable income stocks questioned as earnings plunge




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Whether they raise or hold, central bankers are due a fall

In future it may have to be budget stimulus that rides to the rescue




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South African Airways close to collapse

State-owned flag carrier struggling to pay salaries and secure funds to stay aloft




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South African Airways seeks bankruptcy protection

First state company to enter business rescue since end of apartheid




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South Africa to impose its biggest rolling power blackouts

Eskom will remove 6,000 megawatts of demand to avert total collapse of national grid




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Portuguese banker named in dos Santos probe found dead

Suspected suicide comes as Angolan billionaire indicted for money laundering