Gideon Rachman talks to Joseph Nye about the role of morality in shaping foreign policy

Alternative providers fear it will harm competition in market for loans to small business

European Commission seeks to strengthen enforcement powers after banking scandals

Insurer is well placed to manage pandemic-related losses

If Berlin agrees a €9bn bailout for the airline, it is likely to want a 25 per cent stake and board seats

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

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

Two- and five-year yields hit record lows as futures investors anticipate negative rates

With no productive use of liquidity, money is going into market speculation driving recovery in asset prices

Citigroup was biggest lender but Deutsche, Barclays and SocGen are also on the hook

Price wars and coronavirus have disrupted the sector, possibly moving peak demand even closer 

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

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

IEA expects global consumption will decline 8% this year in largest drop since second world war

French energy group makes emissions pledge as first-quarter profits drop 35%

Developers of clean energy projects defy wider turmoil in the global energy markets

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses

It is the deepest, broadest, most liquid market for larger global businesses

Lowest five-year fix in UK history

Service would allow retail investors to place own orders on market

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

Santander private banking arm’s six-year savings product

Companies running defined benefit pension schemes ask regulator to extend payment holidays

A third of self-employed reported working reduced hours during the first two weeks of lockdown

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

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

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

Smart meter group’s IPO boosts hopes of fundraising uptick after lacklustre 2019

Spanish and Italian bans on short selling follow US Federal Reserve’s liquidity injection

Competitive landscape is unclear as food delivery becomes a utility

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

Investor group led by the CofE launches database to track tailings dams after Brazil disaster

Brazilian jet maker to seek damages from US group, which counters it is within its rights to terminate deal

SoftBank-funded fintech challenger Ualá expands rapidly amid the pandemic

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

Surprise measures on pensions and investing for children lay in the chancellor’s red box

US job gains since financial crisis wiped out. Switzerland faces sharpest economic contraction since 1974. UK and eurozone business activity hit by historic collapse this month as lockdowns choked Europe’s biggest economies.

Deaths in England and Wales are highest on record in mid-April while cases in the US surpass 1m

The worldwide Covid-19 death toll rose by 6,365 on Tuesday, pushing the total through 200,000

Eurozone GDP in historic fall, millions more Americans file for unemployment, Shell cuts dividend for first time since second world war and UK's AstraZeneca combines with Oxford on a potential vaccine

Thousands attend military parade in Belarus even as virus spreads rapidly in neighbouring Russia, UK airline industry warns of huge blow if travel quarantine is launched and Seoul closes down bars and clubs in wake of new cluster

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

Mark Cutifani says polyhalite a ‘very differentiated’ product to potash

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

Products vital to combat coronavirus could become more expensive and scarce

Demand surges as hospitals require more medical oxygen for coronavirus patients on ventilators

Zeitgold has raised a Series B round of $29.2 million (€27 million). Overall, the company has raised more than $54 million (€50 million). The company is building a software platform for small companies to automate bookkeeping as much as possible. Vintage Investment Partners is leading today’s round with existing investors Battery Ventures, HV Holtzbrinck Ventures, […]

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 […]

Meet Kairn, a new startup coming out of stealth today with a sneak peek of what the company has been working on. As Wunderlist shuts down, Kairn wants to prove that there’s still room for an innovative task-management service. “We’re building a task manager that is smart and focused on capturing tasks,” co-founder and CEO […]