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Taking pay cut ‘could trigger a tax bill’

Tax experts warn of unintended consequences of reducing or giving away pay and bonuses




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The top FT stories read by the legal world in the coronavirus lockdown

Litigation battles, fear turns to lawsuits, and a data security flaw




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Could cash end up inside a museum?

Bank of England marks its 325th anniversary with exhibition of objects reflecting changing world of payments




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Could Alexa, Siri and Google make us smarter savers?

Smart speakers don’t yet have the skills to




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Budget 2020: Coronavirus grants pensions Budget immunity 

But why didn’t the chancellor go the whole hog and scrap the tax taper altogether?




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Nicola Benedetti: ‘Classical music is like a novel, not a tweet’

The violinist on making high art popular and what #MeToo means for musicians




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Alisher Usmanov: ‘I was never what you could call an oligarch’

The Russian billionaire on working with Putin, his Premier League plans and making a fortune in the 1990s




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Ebola co-discoverer Peter Piot on how to respond to the coronavirus

The ‘Mick Jagger of microbes’ on a life of fighting disease — and the severity of the current crisis




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Glencore defers $2.6bn dividend decision

Group seeks to ‘protect capital structure’ as uncertainty swirls over Covid-19 impact




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Mine closures bolster metals prices as demand collapses

Supply disruptions expected to increase as governments impose lockdowns 




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Glencore copper mine closure prompts Zambia dispute

African nation vows to block decision it rejects as unjustified and illegal




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Copper find sparks hopes of mining revival in ‘Poldark’ country

Discovery raises prospect of industry’s return 20 years after Cornwall’s last pit closed




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Glencore’s Zambia CEO detained by authorities

Lusaka ups ante in dispute over shuttered copper mine




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Copper miner SolGold bolsters defences against takeover

London-listed explorer hires Citi for fundraising and advice as rivals eye acquisitions




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Glencore cuts capex as coronavirus forces production curbs

Group has halted work at number of mines due to pandemic




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Middlesex take county cricket title in blazing fashion

With an hour of season to go, three of the nine teams were all in with a chance of winning




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That’s the Way it Crumbles by Matthew Engel — the conquest of English

An entertaining inquiry into the relentless advance of American expressions among the British




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Child prodigy Tiger Woods becomes the ultimate comeback kid

The holder of this title until now would, for me, have been Muhammad Ali




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Chinese buyers consider return to international property markets

Global property portals report big increases in Chinese inquiries




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SoftBank warns of $9.6bn investment losses due to coronavirus

Pandemic puts more pressure on Masayoshi Son’s bet on beleaguered WeWork




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Superdrug becomes latest retailer to slash rent payments to landlords

Health and beauty chain cites ‘unprecedented decline’ in footfall




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López Obrador’s virus nonchalance risks deepening Mexico’s woes

President acts as though Latin America’s second-largest economy is immune to pandemic




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Venezuela faces threat of coronavirus catastrophe

Oil price collapse and crumbling health system put Latin American nation at risk




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Bolsonaro sparks political feud over coronavirus lockdowns

Flashpoint between Brazil’s populist leader and political establishment over response to virus




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Latin America’s left spots comeback opportunity amid coronavirus fallout

Region’s ‘Pink tide’ leaders see chance of revival as inequality and public health concerns take centre stage




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Brazil-China ties strained by social media war over coronavirus

Officials’ barbs come at a precarious time for Latin American country




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Chile’s coronavirus outbreak helps revive Piñera’s fortunes

Approval ratings for the billionaire president have more than doubled




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Brazil’s supreme court authorises investigation into Bolsonaro

Former justice minister had accused president of political interference in police work




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Death toll rises after Vale dam collapses in Brazil

Iron ore giant in second disaster in 3 years after mud and waste surges through valley




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Four Mexico states call for new tax deal with López Obrador

Governors seize on criticisms of president over lack of coronavirus stimulus




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Election: Corbyn claims NHS ‘for sale’ under Tory plan for US trade pact — as it happened

Jeremy Corbyn unveiled 451 pages of leaked documents, which he claimed show details of trade talks between the UK and US. The Labour leader said the discussions included Washington's demand for providing access to the NHS for American healthcare companies.

Read more




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Election: Brexit party MEPs defect and back Conservative party — as it happened

Live coverage of the UK election campaign.

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Election: Boris Johnson and Jeremy Corbyn face off in final TV debate — as it happened

Boris Johnson and Jeremy Corbyn spar in a televised debate just six days before the general election.

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Coronavirus latest: Japan stocks fall further after Wall St plummets

Tokyo’s Topix dropped 2.5% at the open, taking the benchmark index down more than 30% for the year. The move followed S&P 500 index's collapse of 12 per cent on Monday, marking the biggest one-day fall since the crash of October 1987.

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Economists question BoE’s overly rosy view of V-shaped recovery

Forecast of a quick rebound from crisis without sustaining any persistent damage is disputed




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Coronavirus: New York death toll exceeds 20,000 — as it happened




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UK’s top asset manager urges companies to take care of employees

LGIM to hold businesses to account for their stakeholder responsibilities during pandemic 




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Mass securitisation as a device for recovery has no economic value

Tweaking pre-pandemic indirect EU subsidies is not the way to rescue struggling businesses




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Oil price plunge pummels commodity tracker funds

More volatility ahead as US oil storage capacity is depleting, analysts warn




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Wave of corporate defaults owes much to foolhardy share buybacks

Big investors must adopt a tougher stance on balance sheet resilience




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Coronavirus forces investor rethink on social issues

The ESG spotlight has turned to how companies treat their employees, customers and suppliers




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Coronavirus crisis is a moment the investment industry should seize

Efforts to improve diversity and inclusion must not be sidelined as companies rebuild




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How coronavirus will change Paris forever

‘There is hardly a place on earth less suited to the age of social distancing’




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Franco-Dutch alliance could be harbinger of things to come in EU trade deals

The two members have proposed tougher enforcement of environmental and labour standards




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Germany’s ECB critics toast courtroom success

Plaintiffs plan fresh challenge against central bank’s emergency bond-buying programme




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EU’s top court reasserts primacy after German challenge

ECJ issues rare warning over EU legal order after German judges question its superiority




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AB InBev warns of ‘materially worse’ second quarter due to pandemic

Maker of Budweiser and Corona to cut costs by renegotiating contracts such as sponsorship deals




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Companies warn over guidance on getting UK back to work

Measures to ease lockdown will be costly and difficult in practice, particularly in hospitality trade




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Can Greece become an economic success story?

Greece’s centre-right New Democracy party has returned to power after defeating the far-left party Syriza at the ballot box on a promise of reviving the economy through tax cuts, reduced bureaucracy and more foreign investment.  Katie Martin discusses the new government and the challenges it is facing with Ben Hall and Kerin Hope.


Contributors: Naomi Rovnick, FT Live reporter, Katie Martin, capital markets editor, Ben Hall, Europe editor, and Kerin Hope, Athens correspondent. Producer: Fiona Symon

 

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Russia's summer of discontent

Tens of thousands of Russians have taken to the streets this summer to express their disaffection with a government that has failed to deliver economic growth or improve living standards for much of the past five years. Adrienne Klasa discusses this new mood of rebellion and how Russian president Vladimir Putin has responded with Henry Foy, Moscow bureau chief, and Russian sociologist Greg Yudin.


Contributors: Adrienne Klasa, creative producer, world news, Henry Foy, Moscow bureau chief, and Greg Yudin, Professor of Political Philosophy at the Moscow School of Social and Economic Sciences. Producer: Fiona Symon

 

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