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White men run 98% of finance. Will philanthropy help?

Time wasted is time lost, says the Kresge Foundation as it makes a public pledge




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Vatican may ordain married priests in remote areas

Reform continues under Pope Francis with South American summit tackling shortage of clergy




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Guatemala and US in talks over safe third-country status

Plans for asylum seekers come despite state department advice to ‘reconsider travel’ due to crime




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Poverty, priests and politics: why Peronism is back in Argentina

As ‘slum priests’ try to fill the gap left by the state, the populist movement is on the rise again




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Colombians take to the streets in countrywide protests

Marches come as discontent grows over labour reform, pensions and corruption




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Bolsonaro and López Obrador draw fire for coronavirus response

Brazil and Mexico leaders ignore medical advice while Latin America begins crackdown




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Drug gangs in Brazil’s favelas enforce coronavirus lockdown

Organised crime steps in as President Bolsonaro dismisses pandemic as ‘sniffles’




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Coronavirus set to push 29m Latin Americans into poverty

Social damage could take 2 decades to repair, warns top UN official




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The decline of an American institution

How the coronavirus outbreak has accelerated the demise of US department stores




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Neiman Marcus files second big US retail bankruptcy of lockdown

Upscale US department store follows J Crew as latest debt-burdened chain felled by pandemic




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Facebook recruits great and good for a chance at change

Appointments including former PM and Nobel laureate suggest turn toward establishment




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BingeWatch: Rick and Morty is space comedy fuelled by booze and snark

With new episodes launching today, now is the perfect time to revel in the cruel humour of the hit cartoon




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Art inspired by Aboriginal identity and nuclear explosions

Yhonnie Scarce and Judy Watson talk about creating work with seductive surfaces and dark themes




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The best of TV and streaming this week

Our pick of the latest series and documentaries — plus older favourites to binge on




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Snapshot: ‘Lartigue — The Boy and the Belle Époque’

The book captures the carefree, haute-bourgeois lifestyle of the young photographer




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Lebanese protests have given way to a debt crisis

The country’s banking system is in hock to an insolvent state




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Lebanon is heading for default on its debts, warns Fitch

Beirut hit by another sovereign bond downgrade amid political crisis




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Why Lebanon’s debt crisis has left it vulnerable

Once known for its resilience, the country’s fragile financial system has triggered angry protests




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Lebanese banks shed bonds in ‘prisoner’s dilemma’

$1.2bn eurobond maturing in March falls sharply as local lenders cash out




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Lebanon’s economic crisis requires an urgent decision on IMF aid

The country is trapped in a full-scale emergency that could unravel social bonds




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Egypt seeks investors for military-run companies

Move designed to assuage fears over army’s growing role in the economy




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Lebanon’s sovereign default leaves creditors facing big losses

London-based Ashmore bet heavily on the country’s short-term debt




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Lebanese buy up property as government defaults

Investors seeking safe haven for cash are driving a real estate boom




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Lebanon considers options to restructure to banks

Finance minister says bail-in may be needed amid severe economic and financial turmoil




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Qatar lines up bond deal as virus and oil crash hit economy

Bankers and investors expect rush of debt issues from the Gulf region




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Iran embarks on biggest IPO as economy struggles

Sale of shares in state-run holding company generates income for government




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Brazil’s booming credit markets fan hopes of ‘revolution’

New York listing of XP highlights transition to a new world of lower interest rates




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Brazilian football pays penalty as clubs resist reform

Mismanagement and corruption leave some of nation’s biggest teams on brink of collapse




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Saudi Aramco rated ‘underweight’ by Morgan Stanley

Wall Street banks that advised on record IPO snub oil group with tepid ratings




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Gruppo San Donato withdraws from bidding for NMC

Italy-based hospital chain was only potential suitor after buyout group KKR ruled out its involvement




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NMC Health finds evidence of suspected fraud in its finances

Middle East-focused group’s discovery follows revelations over undisclosed debt




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Eight days that shook the oil market — and the world

How a squabble between Saudi Arabia and Russia led to ‘the nuclear version of a price war’




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Gulf economies rocked by coronavirus and oil price war

Government revenues plummet as crude prices sink and private sector cuts jobs 




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Plus500: jumping at the chance

Trading performance may well have peaked and investors should be prepared for losses




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Schroders demands executives take pay cuts and ‘share the pain’

City investor will back ailing groups looking to raise capital but warns of difficult decisions




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Private equity and bailouts, the sequel

Buyout groups wants a slice of the bailout and with thousands of jobs at risk, they’re hard to turn down




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Coronavirus: Government support for small businesses — Your questions answered

Claer Barrett wants to hear readers’ experiences of accessing business interruption loans




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State-backed SME lending picks up pace too late for many

Third of UK small businesses reported so low on cash they cannot survive longer than 2 more weeks




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Coronavirus claims thousands of UK businesses 

At least 21,000 more companies failed in March compared with the year before 




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Live Q&A: ‘Bounce back loans’ for small businesses

Your chance to grill FT experts on the government’s rescue measures for small businesses




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Small businesses locked out of government grant scheme

English companies with shared offices excluded from coronavirus rescue package




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Why only a reverse bail-in can save the economy now

In 2008, it was decided an over-leveraged banking system must be bailed in by the private sector. Post lock-down the exact opposite is true.




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Live Q&A: Will you apply for a Bounce Back Loan?

Government-backed scheme designed to help smaller UK firms launches on Monday




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More than 100,000 apply for ‘bounce back’ loans

Requests from small businesses estimated at £3.3bn as banks open for coronavirus support




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Éric Rohmer at 100: an antidote to hyperactive screen media

The French director’s centenary is celebrated with a new box set of his subdued, subtle films




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Sleaze and racism in Netflix’s Hollywood take shine off ‘golden age’

New period drama about an aspiring actor pulls back the curtain on postwar Tinseltown




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Rising High — a raucous German comedy of real estate fraud

Berlin’s property boom is the setting for Cüneyt Kaya’s film




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The Assistant — a coldly furious indictment of a film mogul monster

Kitty Green’s response to the Harvey Weinstein case unfolds with muted rage




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Ema is a humdinger of a film from Chilean director Pablo Larraín

A woman’s life unravels spectacularly in this wildly original movie




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Irrfan Khan, actor, 1967-2020

A formidable film actor in an industry in thrall to its movie stars