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Saudi Aramco's oil deal with India's Reliance Industries

Saudi Arabia's state oil company Aramco is making a high stakes investment in India as the world’s largest crude oil exporter seeks to deepen its ties with the fastest growing energy consumer. Tom O’Sullivan discusses the proposed investment, announced by Reliance Industries chairman Mukesh Ambani, with Benjamin Parkin and Anjli Raval.


Contributors: Tom O’Sullivan, deputy analysis editor, Benjamin Parkin, Mumbai correspondent, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon

 

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Africa's most valuable company comes to Europe

Naspers, a publisher once condemned as a mouthpiece of the apartheid regime in South Africa, has quietly become one of the world’s biggest internet investors thanks to a stake in China’s Tencent. On 11 September it will list its global internet assets on the Amsterdam bourse, becoming Europe's biggest consumer internet company overnight. Arash Massoudi discusses how it got there with Joseph Cotterill in Johannesburg.


Contributors: Arash Massoudi, corporate finance and deals editor, and Joseph Cotterill, Southern Africa correspondent. Producer: Fiona Symon

 

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Are flying taxis coming to our cities soon?

Chinese carmaker Geely is investing in German flying taxi start-up Volocopter. Josh Noble discusses China’s interest in this technology and the future of flying taxis wirh the FT’s motor industry correspondent Peter Campbell and global technology correspondent Tim Bradshaw


Contributors: Josh Noble, weekend news editor, Peter Campbell, motor industry correspondent, and Tim Bradshaw, global technology correspondent. Producer: Fiona Symon

 

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Why would Iran attack Saudi Aramco's oil facilities?

A devastating missile and drone attack on Saudi oil installations last week highlighted the vulnerability of global oil supplies to the threat of regional unrest. The attack was claimed by Houthi rebels fighting Saudi-backed forces in neighbouring Yemen, but Saudi and US officials were quick to point the finger of blame at Iran. Geoff Dyer discusses the repercussions of the attack for the region and the oil market with Andrew England, Middle East editor, and Anjli Raval, senior energy correspondent.

 

Contributors: Geoff Dyer, analysis editor, Andrew England, Middle East editor, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon

 

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European court sets precedent on hate speech

Europe’s top court has ruled that individual countries can force Facebook to take down illegal content, including hate speech, both inside the EU and across the world. Malcolm Moore discusses the implications of the ruling for freedom of expression with Mehreen Khan and Madhumita Murgia.


Contributors: Malcolm Moore, technology news editor, Mehreen Khan, Brussels correspondent, and Madhumita Murgia, European Technology correspondent, Producers: Fiona Symon and Persis Love

 

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Could micro-organisms revolutionise our food?

A Chicago start-up has found a way of turning microbes into edible protein, part of a growing trend towards a microbial revolution in food. Leslie Hook discusses why investors are increasingly interested in this area with Emiko Terazono, commodities correspondent, and Clive Cookson, science editor.


Contributors: Leslie Hook, environment correspondent, Emiko Terazono, commodities correspondent, and Clive Cookson, science editor. Producers: Fiona Symon and Persis Love

 

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Modi economic miracle falls flat

India has gone from being known as the world’s fastest growing large-economy to a country in the midst of a sharp economic slowdown. Jyotsna Singh discusses what’s gone wrong and what can be done to revive growth with Amy Kazmin, the FT’s South Asia bureau chief.


Contributors: Jyotsna Singh, Delhi reporter, and Amy Kazmin, South Asia bureau chief. Producers: Jyotsna Singh and Fiona Symon

 

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Martin Wolf's economics reading list

This selection of economics must-reads from the last six months take on capitalism, inequality, trade, AI, the law and more. Martin Wolf tells Frederick Studemann about the books we should all be reading this winter.


Watch a video of the conversation here.


Contributors: Frederick Studemann, literary editor and Martin Wolf, chief economics commentator. Producer: Persis Love



Photo credits: Viking, Penguin Books, The Centre for International Governance Innovation, John Murray Press, Harvard University Press,Harvard University Asia Center, Transworld Publishers Ltd, Princeton University Press 

 

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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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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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Does the Fed have a communication problem?

The US Federal Reserve has begun to consult the public, particularly in poorer parts of the country about monetary policy. As a result, policy wonks at the central bank have begun to reconsider the impact of their decisions on communities far from the centres of power. Brendan Greeley discusses the so-called Fed Listens sessions with Patrick Jenkins.


Contributors: Patrick Jenkins, Deputy Editor and Brendan Greeley, US economics editor. Producers: Fiona Symon and Persis Love. Photo credit: Alex Wong/Getty


 

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China's battle against the coronavirus

The full impact of the deadly Sars-like virus that has spread across China will take time to assess. But it’s clear there will be significant damage to the region’s economies and perhaps also to the reputation of China’s leaders for failing to tackle the coronavirus early enough to prevent its spread. Andreas Paleit discusses the political and economic impact of the outbreak with Tom Hancock, recently back from Wuhan, James Kynge in Hong Kong and Sue-Lin Wong in Shenzhen.


Contributors: Andreas Paleit, companies desk editor, Tom Hancock, China consumer industries correspondent, Sue-Lin Wong, South China correspondent, and James Kynge, global China editor. Producers: Fiona Symon and Persis Love.

 

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Is India becoming a Big Brother state?

Narendra Modi’s Hindu nationalist policies have sparked protests and intercommunity violence across India. Against this backdrop, a proposed data protection bill that will allow his government free rein to spy on its citizens is causing particular concern. Madhumita Murgia discusses the bill with Benjamin Parkin in Mumbai.


Contributors: Madhumita Murgia, European technology correspondent, Benjamin Parkin, Mumbai correspondent. Producers: Persis Love and Fiona Symon

 

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Will coronavirus cause a global recession?

As the coronavirus continues to spread, what is the risk that this will push the global economy into recession and what can central bankers and policymakers do to help avoid this? Katie Martin discusses the economic shock caused by the virus with the FT's economics editor Chris Giles.


Contributors: Katie Martin, capital markets editor, and Chris Giles, economics editor. Producers: Fiona Symon and Andrew Georgiades

 

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Mexico’s economy shrinks under pressure from coronavirus

Analysts fear government’s timid fiscal response will prolong the pain




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El Salvador wields heavy hand to contain murder rate

Varying efforts to stem rise in homicides across Latin America have failed




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South America tensions put future of Mercosur in question

Argentina’s Alberto Fernández signals country is in no state to contemplate new deals




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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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Argentina ready to consider ninth sovereign default, says Guzmán

Finance minister tells FT that government has rejected counter-offer from BlackRock-led group of creditors




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The pandemic tests tempers and tolerance in Mexico

Some officials are using Covid-19 to jump on the neoliberal-bashing bandwagon




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Cocaine trade caught in disrupted global supply chains

Drugs traffickers hit by coronavirus-induced slowdown and seizures, says UN agency




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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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US and Chinese researchers team up for hunt into Covid origins

Scientists co-operate on search for Covid-19 origins despite charges Beijing is withholding data




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Fauci praises remdesivir after data show it speeds recovery

US-run trial of Gilead coronavirus therapy demonstrates ‘significant positive effect’




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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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Gilead hopes to produce 1m courses of remdesivir by year’s end

Biotech group’s shares have soared this year on hopes drug could be used to treat coronavirus




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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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Coronavirus: US death toll approaches 62,000 — as it happened




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FT Health: Combating Coronavirus

As researchers race to develop a coronavirus vaccine, we look at efforts to ensure that the world’s poor are not left behind — and ask whether the pandemic will jolt policymakers into confronting the looming threat from antimicrobial resistance




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Coronavirus lessons for the fight against ‘superbugs’

The world needs to act now to avert the threat from antimicrobial resistance




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Will poor countries get the treatments they need?

Pharma and its critics agree government has a big role to play in ensuring fair access to Covid-19 remedies




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From blood clots to ‘Covid toe’: the medical mysteries of coronavirus

The wide variety of Covid-19 symptoms seen by doctors is confounding the scientific community




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Global investors warn S Korea’s Kepco over carbon emissions

State-backed utility under pressure as it plans to invest in new coal mines




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Trump appointees vote to block US coal joint venture

Shares in Peabody Energy and Arch Coal fall sharply after regulatory action




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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




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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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ScottishPower breaks ranks on energy bailout calls

Supplier says sector should be ‘back of the queue’ for additional government support




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Economic recovery: no favours from savers

British and American consumers are unlikely to ‘spend, spend, spend’ after the lockdowns




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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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Coronavirus tracked: the latest figures as countries fight to contain the pandemic

The FT analyses the scale of outbreaks and the number of deaths around the world




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Turkey slashes rates in bid to shore up economy against coronavirus

Eighth consecutive cut could heap fresh pressure on already struggling lira




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Swiss central bank suffers record loss in market rout

First-quarter volatility deals $39bn blow to SNB as it steps up fight for Swiss franc




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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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Stablecoins as a collateral sinkhole

There’s a chronic paradox at the heart of stablecoin-based payment systems that will render them cost-prohibitive.




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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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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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Russia’s economic woes will clip Putin’s wings

Pandemic combined with collapsing oil prices spells real hardship




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Corporate bailouts should come with strings

Business cannot expect emergency cash without sensible conditions