d

Breaking down the eurozone’s worst recession in history

Commission warns pandemic will wipe out growth in all member states and result in an uneven recovery




d

Videoconferencing hit delivers biggest ever Nordic software IPO

Pexip deal marks bright spot in otherwise bleak European IPO market




d

Liberty Global and Telefónica agree £31bn deal to merge UK groups

Combination of O2 and Virgin Media set to transform British telecoms market




d

Lagarde says ECB ‘undeterred’ by German court challenge

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




d

Zalando: wear to go

Online retailer’s partnerships with fashion brands should support growth and lift margins




d

Air France-KLM prepares for years of shrunken demand

Airline forecasts capacity will be almost wiped out in the second quarter




d

Liberty Global and Telefónica dial up changes in ‘deal of decade’

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic




d

Carsten Spohr seeks softer landing for Lufthansa

If Berlin agrees a €9bn bailout for the airline, it is likely to want a 25 per cent stake and board seats




d

Wirecard under investigation over statements to investors

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




d

Deconstructed Watch: Zenith Chronomaster Revival Shadow

Discovery in Zenith factory attic helps watchmaker claim the first all-black wristwatch title




d

Interview: Frédéric Arnault takes a bite out of Apple’s smartwatch market

Tag Heuer’s digital chief sees connected watches as a point of entry to the mechanical models




d

German court calls on ECB to justify bond-buying programme

Bundesbank told to halt participation unless central bank shows policy is ‘proportionate’




d

Hedge fund bear takes aim at central banker ‘fruit loops’

Horseman Capital’s Russell Clark has sold his holdings in government bonds




d

Empty US hotels increase pressure on debt investors

JPMorgan data show about one in four loans was behind on payments last month




d

Companies are dangerously drunk on debt

Sobering up after the crisis will require changes to tax laws, bonuses and pensions




d

US Treasury plumps for longer-term debt to fund $3tn stimulus

Details of historic borrowing plans send government bond yields higher




d

Investors fear Italy is heading for ‘junk’ borrower status

Coveted top-quality rating hanging by a thread as Moody’s decision looms




d

Treasury market sends bearish signals as stocks rise

Two- and five-year yields hit record lows as futures investors anticipate negative rates




d

Too much cash is chasing too few desirable assets

With no productive use of liquidity, money is going into market speculation driving recovery in asset prices




d

Carnival and Southwest lead surge in US convertible bond issuance

Companies are seeking to tap whatever sources of affordable funding are available




d

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




d

Pandemic crisis offers glimpse into oil industry’s future

Price wars and coronavirus have disrupted the sector, possibly moving peak demand even closer 




d

Investors blast EU’s omission of oil from ESG disclosures

Latest proposal accused of being misleading over environmental risk




d

Dysfunctional oil market needs a new model

Regional trading blocs would better align mutual interests and provide stability




d

Oil price crash threatens Texas university endowments

Turmoil in commodity market slashes state colleges’ revenues




d

Energy trader Mercuria sees turn in oil market

Price crash provokes supply cuts but ‘all bets are off’ if second wave of pandemic hits




d

Texas regulator drops effort to force oil production cuts

Railroad commissioner had called for using decades-old state rules to reduce output




d

Oil’s cruellest month has forced a rethink on production

Dive into negative prices triggered pullback that helps set scene for rebound




d

Thermal coal prices collapse after virus lockdowns sap demand

IEA expects global consumption will decline 8% this year in largest drop since second world war




d

Total keeps dividend and sets climate goal despite profit plunge

French energy group makes emissions pledge as first-quarter profits drop 35%




d

Mexico’s Pemex: from cash cow to resource drain

President’s pet project holds line on output growth despite oil crisis and mammoth losses




d

Newmont earnings surge more than ninefold

World’s biggest gold miner reaps rewards of pandemic price effect and Goldcorp acquisition




d

Biggest US oil refiner posts $9.2bn loss as fuel demand dives

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output




d

Hidden threat: Japan has only 2-week stockpile of LNG

Coronavirus exposes nation’s post-Fukushima vulnerability




d

Renewables sector shrugs off devastating effects of coronavirus

Developers of clean energy projects defy wider turmoil in the global energy markets




d

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




d

Can we tackle both climate change and Covid-19 recovery?

Two experts debate whether shift to low carbon can push forward amid economic stress




d

StanChart and HSBC face losses on loans to rice trader

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses




d

Bakken pain reflects long road back for US shale

North Dakota’s oil sector has ‘never been through a downturn like this’




d

Game on — tap into the growing world of online gaming

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




d

Are Woodford woes an opportunity for patient tech investors?

The Adventurous Investor senses there could be future value in spinout specialists




d

Private equity funds can help your portfolio scale heights

An esoteric choice they may be for private investors, but if you’re selective they can add value




d

Could investing in military tech make your portfolio more defensive?

Whether we like it or not, spending on arms and security will rise in the next few years 




d

Gold: a hedge against future policy misfires

A new exchange traded commodity holds several advantages




d

Where to look for the market rebound

I’ve drawn up a list of badly beaten-up stocks worthy of a punt




d

New Sipp dealing account has no annual management fee

New Sipp dealing account has no annual management fee




d

Deal of the week: Scottish Power Online Fixed Saver

Scottish Power has launched a new energy plan that allows customers to fix their bills




d

Deal of the week: Chelsea’s five-year fix at 3.39%

Lowest five-year fix in UK history




d

Deal of the week: Halifax’s Head Start Home Saver

First-time buyers receive £600 cashback if they save for 10 out of 12 months before taking out a Halifax mortgage




d

Deal of the week: Premium share dealing from The Share Centre