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Billionaires have never had it so good

Fortunes are created by technology and globalisation, as well as talent and enterprise




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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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Inside LBC: the radio station capturing the political zeitgeist

In a polarised time, the broadcaster has won listeners by embracing confrontation




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Goodbye to all that creative destruction

In 16 years of columns on business, the only constant has been disruptive innovation




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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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Wall Street bets on a Big Tech rebound

Valuations do not reflect the risks that still lie ahead from coronavirus




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Coronavirus fallout deals small US companies a double blow

Small-cap stocks underperformed large-caps throughout the bear market and rally




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Wall Street jumps on coronavirus treatment hopes

Remdesivir news moves markets more than economic data or Fed action




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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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Gupta completes acquisition of bankrupt Indian steelmaker

Business tycoon’s GFG Alliance makes first foray into fast-growing market after long court battle




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Sanjeev Gupta pledges to invest €2bn as part of emissions fight

Liberty Steel to modernise European plants in effort to become carbon neutral




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Iron ore market is putting a lot of faith in stimulus from China

Price of key steelmaking ingredient has held up, despite big drop in economic activity




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Europe steelmakers cut production after shutdown of car plants

Move illustrates how coronavirus impact is rippling through manufacturing supply chains




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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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Tata Steel calls on UK to lift £50m cap on coronavirus aid

Steelmaker says more funding needed given scale and length of lockdown disruption




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Lufthansa considers filing for creditor protection as aid talks stall

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions




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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 to cut up to 12,000 jobs as aviation outlook darkens

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels




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Frequent flyer: goodbye gold card, so long silver

Grounded travellers are facing downgrades but some airlines are rewarding loyalty




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London Gatwick under a cloud as carriers threaten to quit airport

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway




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Space or bust: Richard Branson’s Virgin dilemma

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus




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Clean energy groups dodge coronavirus crisis

Priority status as grid suppliers helps Orsted and Iberdrola weather drop in demand




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Norway to cut oil production by 13%

Move in response to drop in prices and demand and honours unofficial pact with Opec




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Coronavirus leads to ‘staggering’ drop in global energy demand

Fall could be the equivalent of India’s total annual consumption, IEA says




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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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ConocoPhillips takes axe to production after $1.7bn loss

US oil producer pledges to reduce output by more than a third in June




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Chevron to slash spending further despite robust first quarter

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand




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ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




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Investors Chronicle: Keystone Law, BP, HSBC

Companies analysis from our sister publication




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Shortsighted complaints on short-termism

Shareholders’ incentives can make them more long-termist than company managers




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Market froth and low inflation alarm some

It is always easy for central banks to find reasons not to act




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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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Vodafone targets Africa’s unbanked with plans for M-Pesa

Telecoms group seeks to turn mobile payments unit into provider of wider services




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Global firms under scrutiny in Isabel dos Santos alleged corruption leak

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire




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Saudi Telecom to pay $2.4bn for Vodafone Egypt stake

Prospective deal comes as Riyadh-listed STC seeks to expand regionally




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South African miners applaud move to cut reliance on Eskom power

Pretoria has waived rules that prevented mining groups generating electricity for their own use




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Angola’s state diamond group seeks global partners to become a top 3 producer

Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry




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Sibanye-Stillwater chief hails Lonmin deal

Neal Froneman highlights ‘lowest payback period’ after £285m purchase




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Anglo American ‘encouraged’ by South African move to loosen currency controls

Restrictions have hampered miner’s ability to move money out of the country




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African health officials warn of chronic medical shortages

Central African Republic has just three ventilators for its 5m people




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UAE groups implicated in suspected violation of Libyan arms embargo 

Two Gulf companies shipped jet fuel to renegade general Khalifa Haftar, documents show




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De Beers to cut diamond production by 20 per cent this year

World’s second-largest diamond miner cites disruption along the supply chain




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US stocks jump 6% on stimulus hopes

Investors still on edge amid fears over economic impact of widespread shutdowns




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SoftBank: money gobbler

The Japanese tech investment group is looking increasingly challenged




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Wall Street records first back-to-back gains in over a month

S&P 500 gives back some of its earlier rally as US stimulus package attracts objections on Capitol Hill




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GPIF hunts for overseas bonds to escape Japan’s low yields

Strategy shift comes shortly after $1.4tn fund’s CIO tweeted he was stepping down




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Asia stocks higher after latest US coronavirus stimulus

Shares rally this week on hopes that spread of pandemic may be easing




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Hong Kong’s hidebound brokers face coronavirus reckoning

Viral outbreak has sped shift to online platforms, squeezing many traditional outfits




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Blackstone makes new investment in coronavirus-hit casinos

Private equity group acquires 10% stake in Australia’s Crown Resorts