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Central banks prop up fund industry with $100bn injection

Fitch says scale of support points to the systemic importance of $55tn asset management market




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UK and Irish help for Trump Organization probed by Democrats

The US president holds ownership interests in golf resorts in Scotland and Ireland




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UK draws up plans to bypass strike-prone port of Calais

Brexit and coronavirus have prompted drive for improving trade resilience




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China faces dilemma over Hong Kong protests

Hong Kong protests against a proposed extradition law that would allow criminal suspects to be handed over to China are continuing, despite a concession by the Hong Kong chief executive to suspend the proposed law. Naomi Rovnick discusses discusses what’s at stake for China and what the protesters are seeking to achieve, with Tom Mitchell in Beijing and Sue-Lin Wong in Hong Kong.


Contributors: Suzanne Blumsom, executive editor, Naomi Rovnick FT Live reporter, Sue-Lin Wong, South China correspondent and Tom Mitchell, Beijing bureau chief. Producer: Fiona Symon

 

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Syria's war profiteers

During Syria's eight year civil war, around half a million Syrians have lost their lives and many more have lost their livelihoods. But a few individuals have made millions by helping the Assad regime. Chloe Cornish has been investigating and she tells Josh Noble about some of Syria's war profiteers.


Contributors: Josh Noble, weekend news editor, and Chloe Cornish, Middle East correspondent. Producers: Fiona Symon and Persis Love

 

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Wealth gap ignites Chile protests

Last weekend thousands of people took to the streets of Chile in an outburst of anger at a rise in the price of the metro fare. But as Benedict Mander tells Michael Stott, the roots of the unrest go much deeper.

 

Contributors: Michael Stott, Latin America bureau chief and Benedict Mander, Chile and Argentina correspondent. Producer: Persis Love.

 

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Inside the Hong Kong protests

The FT's Sue-Lin Wong spent several months with members of Hong Kong's youthful pro-democracy movement and their supporters. She tells Andreas Paleit what she learnt about their hopes and fears for the future.

Read Sue-Lin's magazine story here


Contributors: Andreas Paleit, companies desk editor, and Sue-Lin Wong, South China correspondent. Producer: Fiona Symon

 

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Exposing the problem with default data

Caroline Criado-Perez won the latest Financial Times and McKinsey Business Book of the Year Award with her book Invisible Women: Exposing Data Bias in a World Designed for Men. She spoke to Andrew Hill, the FT’s management editor, about the consequences for women and for society as a whole of using men as the default model.


Contributors: Andrew Hill, management editor, and Caroline Criado Perez. Producers: Marc Filippino and Fiona Symon

 

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Does the Fed have a communication problem?

The US Federal Reserve has begun to consult the public, particularly in poorer parts of the country about monetary policy. As a result, policy wonks at the central bank have begun to reconsider the impact of their decisions on communities far from the centres of power. Brendan Greeley discusses the so-called Fed Listens sessions with Patrick Jenkins.


Contributors: Patrick Jenkins, Deputy Editor and Brendan Greeley, US economics editor. Producers: Fiona Symon and Persis Love. Photo credit: Alex Wong/Getty


 

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Argentina bondholders snub ‘disproportionate’ debt offer

Biggest creditors attack government’s proposal to restructure $65bn of foreign debt




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FDA flags risks for virus drug promoted by Trump

US regulator cautions against using chloroquine outside of hospitals or clinical trials




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Gilead hopes to produce 1m courses of remdesivir by year’s end

Biotech group’s shares have soared this year on hopes drug could be used to treat coronavirus




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How an unproven drug became a bellwether for global stocks

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




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Coronavirus: US death toll approaches 62,000 — as it happened




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Hydrogen energy projects win £30m UK funding

Schemes to look at cutting emissions in sectors such as transport in push to meet 2050 ‘net zero’ target




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What will the UK property market look like after lockdown?

Join our live discussion with buying agent Henry Pryor on Friday May 8 at 12 and 5pm UK time




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A ray of light in global property

How markets are beginning to stir from their coronavirus-induced slumber




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

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




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

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




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ETFs have proved critics wrong during the crisis

Popular funds have survived a period of intense market stress




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Rolls-Royce ditches profit targets and suspends dividend

Grounding of aircraft around the world due to coronavirus crisis takes toll on UK aero-engine maker




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Airbus cuts aircraft production by a third

European aerospace group confirms it will slash output of popular A320 single-aisle jet




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Boeing cuts jobs and production as aircraft demand sinks

‘We will be a smaller company for a while,’ says chief David Calhoun




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Intercontinental Exchange chief defends eBay approach 

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher




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WeWork’s prophet has lost his charisma

Adam Neumann transformed shared offices but failed to charm stock market investors




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Europe has a problem with its SUV habit

The continent faces a new emissions scandal as family vehicles grow bigger and heavier




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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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England bans sale of coal and wet wood to improve air quality

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021




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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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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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Heathrow’s third runway project now ‘impossible’, says IAG chief

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact




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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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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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South African Airways seeks bankruptcy protection

First state company to enter business rescue since end of apartheid




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Portuguese banker named in dos Santos probe found dead

Suspected suicide comes as Angolan billionaire indicted for money laundering




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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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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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Coronavirus fears hit UK property market as viewings dry up

Buyers and sellers worry about risk of infection, say agents




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2.7m properties dragged into higher stamp duty band 

Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band




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UK property demand plunges as virus takes hold

60 per cent decline in sales predicted in the next three months




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UK property market moves into cold storage

Experts predict transactions could plunge 50 per cent year-on-year, but what could it mean for house prices? 




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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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I’m buying a property — can I get a discount? 

Homebuyers trying to chip the price of property deals could be disappointed 




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Insurers are starting to pull trade credit protection 

Euler Hermes has written to some brokers, saying it will offer less support in the UK if the government does not agree to backstop trade credit insurers. 




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Why the cost of protecting directors from lawsuits has soared

Tesla’s decision to buy liability cover from Elon Musk instead of a traditional insurer comes after premiums shot up




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Markets should beware this morally hazardous approach to policymaking

Central banks repeatedly set the stage for the next boom and bust cycle, fuelled by growing debt




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Free markets must be protected through the pandemic

Sensible and targeted state intervention can help capitalism to thrive post-crisis




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Netflix is chilling in Iceland but the rest of the world is a problem

As global lockdowns boost streaming subscriptions, filming freezes spell trouble ahead