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Can electric car pioneer Tesla maintain its momentum?

Shares in Elon Musk’s pioneering electric car company Tesla have skyrocketed. Tom Braithwaite discusses whether the company will be able to maintain its current momentum and hold off competition from traditional carmakers with Jamie Powell and Richard Waters.


Contributors: Tom Braithwaite, companies news editor, Jamie Powell, Alphaville reporter, and Richard Waters, West Coast editor. Producer: Fiona Symon

 

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an

K-pop: shaped by fans and shaken by scandals

K-Pop has never been more popular. However, a recent string of high profile controversies including a rape conviction and two suicides have sullied the image of the Korean cultural export. Edward White talks to Patricia Nilsson about what makes a K-Pop star, why the singers are under so much pressure, and what the industry means to the country’s economy.


Contributors: Edward White, Seoul correspondent and Patricia Nilsson, Media reporter. Producer: Persis Love

 

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an

Are oil and gas turning into stranded assets?

Investors have begun to shun companies that make their money from fossil fuels because of concerns about global warming. So what does this mean for the oil and gas companies whose future profits depend on continuing to exploit the hydrocarbon assets they have acquired around the world? Pilita Clark discusses the implications with Lex columnist Alan Livsey and energy editor David Sheppard. Read Alan's analysis here

 

Contributors: Pilita Clark, business columnist, Alan Livsey, Lex columnist, and David Sheppard, energy editor. Producer: Fiona Symon

 

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an

Iran hardliners surf wave of despair

Victory for Iran's hardliners in this month’s parliamentary elections has come at the cost of a despondent population suffering under the weight of renewed US sanctions. With the future of the nuclear deal in doubt and isolationist leaders in the ascendant, Andrew England, Middle East editor, and Najmeh Bozorgmehr, Tehran correspondent, discuss what happens next.


Contributors: Andrew England, Middle East editor, and Najmeh Bozorgmehr, Tehran correspondent. Producers: Fiona Symon and Mehrnosh Khalaj.

 

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an

Introducing the FT News Briefing: Fed cuts to zero, airport pinch, hand sanitiser sale

Introducing the FT News Briefing. It is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.


Monday, March 16

The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the wake of the outbreak. 

 

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an

Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

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an

Republican $1tn plan, Paul Tucker on damage limits

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.


Friday, March 20

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China. 

 

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an

Introducing: The Rachman Review

Life in Europe's coronavirus hotspots: Foreign affairs columnist Gideon Rachman discusses how the coronavirus epidemic has been handled in Italy and Spain with the local FT correspondents, Miles Johnson in Rome and Daniel Dombey in Madrid. How are citizens reacting to the lockdown and what will be the long-term political and economic impact?

 

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an

Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




an

El Salvador wields heavy hand to contain murder rate

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




an

Martín Guzmán: Argentina cannot afford to pay creditors more

Even before Covid-19 struck, the country’s debt trajectory was out of control




an

Coronavirus gives Bolivia’s ‘interim’ president chance to extend rule

Jeanine Añez settles in for long haul as pandemic adds to political uncertainty




an

The pandemic tests tempers and tolerance in Mexico

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




an

US captive in Venezuela says plan was to extract Maduro

Venezuela’s president airs video of former US soldier accused of taking part in thwarted plot




an

France limits nicotine sales after coronavirus study  

Stimulant given as ‘likely’ reason for lower infections but authorities stress health risks




an

Lockdown eases, central banks, oil, pharma and tech earnings

Start every week on the front foot with a preview of what’s on the global agenda




an

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




an

Next’s Wolfson shows his workings for a new socially distant world

Boss of clothing retailer deserves a premium; Astra’s eyes on big prize




an

Remdesivir: Five things to know about the antiviral drug

Gilead’s potential coronavirus treatment stirs investor hopes but evidence on effectiveness is mixed




an

AstraZeneca and Oxford university agree deal to develop virus vaccine

Partnership that would prioritise UK could produce 100m doses by year-end if treatment is effective




an

Coronavirus vaccine: an epidemic of nationalism

First country to get a vaccine could have an economic as well as a health advantage




an

How an unproven drug became a bellwether for global stocks

Investors have bet on Gilead’s remdesivir as solution to coronavirus crisis




an

Cost of vaccinating billions against Covid-19 put at more than $20bn

Sum far exceeds $8bn fundraising target at upcoming EU-led donors’ conference




an

Can China win big in vaccine race with biotech bet

Nation’s pharma industry has matured but is still a lot better at incremental innovation than major breakthroughs




an

US regulator clears AbbVie’s $63bn deal for Allergan

Federal Trade Commission votes 3-2 to approve tie-up between makers of Botox and Humira




an

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




an

Johnson revives onshore wind farms after 4-year ban

Policy reversal follows Cameron vow to rid UK of ‘unsightly’ structures




an

China’s Belt and Road power grids keep security critics awake

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk




an

How emergency planning has kept lights on and taps running

Energy, water and other utility groups keep services going despite lockdowns and cuts




an

Britain’s electricity demand falls by a tenth in lockdown

Decline leads to a drop in wholesale prices as businesses close




an

ScottishPower breaks ranks on energy bailout calls

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




an

EDF poised to lodge Sizewell C nuclear plant application   

Suffolk residents cry foul as French group seeks to continue process despite lockdown  




an

Failed M&A: band of hope

Buyers who get cold feet tend to have the advantage but jilted targets can still extract value




an

National Express/placings: fortune favours the financed

Well-capitalised businesses will have an increased advantage for the next few years




an

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




an

United Airlines abandons $2.25bn bond offering

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown




an

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




an

Dollar’s long-term prospects turn gloomy, say analysts

Interest rate cuts and massive fiscal stimulus are expected to weigh on the greenback




an

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




an

Top US official plays down Turkey’s prospects of securing dollar finance

Large foreign financing requirement and small reserves leave Erdogan facing cash crunch




an

Turkish lira succumbs to pressure and weakens past 7 to dollar

Currency softens beyond key level as investors brace themselves for more interest rate cuts




an

Will the Bank of England announce more QE?

Market Questions is the FT’s guide to the week ahead




an

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




an

Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




an

UK pound slips more than 1% in first two trading days of May

Sterling under pressure from US-China angst and renewed Brexit concerns




an

Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




an

Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project




an

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




an

Why universities deserve special financial support

Higher education should not be treated as just another business




an

Deflation is a bigger fear than hyperinflation

A collapse in demand is reducing prices even as central banks print money