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What is the true value of Burford’s $773m claim against YPF?

EY highlights significance of litigation finance company’s action against Argentine oil group




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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 lessons for the fight against ‘superbugs’

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




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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




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Philippines: Duterte takes aim at the oligarchs

The president has turned his populist fire on big business, but is he attacking corporate greed or political opponents?




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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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US stock sell-off wipes out gains for the week

S&P 500 falls after Big Tech raises red flags over virus impact and US-China tensions ratchet higher




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JPMorgan and Goldman throw weight behind exchange start-up

MEMX is hoping to disrupt the US equities market when it launches in July




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Branson clears path to sell $1bn stake in Virgin Galactic

Filing opens door to potential sale of half of Virgin Group’s holding in space venture




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Juul and the damage done to e-cigarettes

The US is in danger of lurching from lax oversight of vaping to banning it unwisely




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Big Oil should rebel against its customers

Energy companies facing climate protests need to limit the wasteful use of their products




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Market rout reopens big gaps between winners and losers

Return of dispersion comes after years of similar returns across sectors




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BA warns Gatwick staff it may not resume flights there

Airline’s operations at London’s second biggest airport face brunt of 12,000 job cuts




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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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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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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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Nationwide pulls tracker mortgages after historic base rate cut 

Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 




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Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




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Lenders sound warning on mortgage holidays

Households urged to consider options such as reduced payments instead of delaying debt




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Banks say Fed rescue threatens mortgage hedging strategies 

Regulatory action sought to prevent intervention from having unintended consequences




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US mortgage lenders face liquidity crunch

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying




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Moral hazard, again

There is a grim irony in the wealthy seeking bailouts due to bad bets on working people




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£1m-plus mortgage borrowers pay over the odds

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 




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Home improvers hit by remortgage problems

Dig downs and loft extensions may increase the value of a home, but it’s hard to borrow against this




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Unions and parent groups urge against early return to school

Calls for safety assurances despite concern over educational impact




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Coronavirus: Retail investors attempt to navigate crisis

DIY investors and those in pensions drawdown scramble to adapt as stock markets plunge 




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Sadako Ogata, UN High Commissioner for Refugees, 1927-2019

She turned the agency into a diplomatic and moral force




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JPMorgan among new backers for paperless voting fintech

Proxymity raises $20m in spinout from Citigroup as shareholder meetings go virtual




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Louis Bacon’s Moore Capital gains after going it alone

Billionaire investor hits winning bets in global macro after closing to external money




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A dangerous US-China blame game will do no good

An inquiry into the origins of Covid-19 is needed if important lessons are to be learnt




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Lagardère fends off Amber Capital’s bid to replace board

Activist investor sought to take control of strategy at French group led by Arnaud Lagardère




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Lagarde says ECB ‘undeterred’ by German court challenge

ECB intends to resist court injunction to justify its sovereign bond purchases




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Wirecard under investigation over statements to investors

German regulator looks at group’s statements ahead of KPMG special audit report




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Wall Street banks face $100m of losses on Las Vegas deal

Citigroup was biggest lender but Deutsche, Barclays and SocGen are also on the hook




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Investors make big bets on silver closing giant gap with gold

For some analysts the industrial metal looks cheap, even given the Covid-19 slowdown




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Game on — tap into the growing world of online gaming

Fortnite is typical of the new business model, renting access to a platform




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Gold: a hedge against future policy misfires

A new exchange traded commodity holds several advantages




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Yorkshire Building Society’s tracker-to-fixed mortgages

Fixed rate that applies in years three to five has been cut




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Gas suppliers follow EDF’s 5 per cent price cut

First big energy supplier to pass on lower wholesale costs




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Chelsea’s five-year fixed-rate mortgage

3.19 per cent deal comes with a fee of £1,495




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Cashback for Santander mortgage customers

1% cashback for mortgage customers with 123 account




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Why US mortgage rates should be even lower

Uncertainty over loan forbearance prevents savings being passed on




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Bonus restrictions hamper City mortgage borrowers

Lenders reluctant to count payments as affordability checks tighten




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Bayer faces more claims over weedkiller cancer allegations

Rise in plaintiffs comes as German chemicals group reports 19% jump in sales




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Exclusive: Shake Shack CEO talks bailout failings; climate chaos ahead for mortgage market; EU green plans charge forward




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Covid-19 shows why ESG matters; Barclays’ big climate vote; UK impact investors’ legal hurdle; your questions answered

Your guide to the investment and business revolution you can’t afford to ignore




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Instagram ‘pods’ game the algorithm by coordinating likes and comments on millions of posts

Researchers at NYU have identified hundreds of groups of Instagram users, some with thousands of members, that systematically exchange likes and comments in order to game the service’s algorithms and boost visibility. In the process, they also trained machine learning agents to identify whether a post has been juiced in this way. “Pods,” as they’ve […]




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Facebook users are buying and selling pangolin parts, even though it’s illegal

In spite of their protected status under international laws, pangolins remain one of the most trafficked animals in the world — and at least some of that trade is taking place right out in the open on Facebook . A new report from tech watchdog group the Tech Transparency Project details how Facebook users are […]




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Facebook’s redesign goes live with simplified navigation and dark mode

After months of testing, Facebook’s redesign is finally official. Announced last year at F8, the more minimalist approach to its desktop design has been rolled out in waves. In March, the company added an option to try out the new version. Users could switch back and leave feedback for why they had done so. This […]




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Lagarde must resist pressure on inflation target

The new president should ensure governments grasp the interaction of fiscal and monetary policy