con

Carnival and Southwest lead surge in US convertible bond issuance

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




con

US stocks look set to continue their outperformance

It is the deepest, broadest, most liquid market for larger global businesses




con

Debt relief for US consumers leaves investors flying blind

Forbearance and federal support programmes disguise how badly Americans have been hit




con

Investors festive as Wall Street’s record streak continues

Key markets simmering during the thin trading sessions around year-end




con

Plumbing group Ferguson considers stateside listing

Loss would be a blow to London market and unpalatable to some UK-based fund managers




con

Where the fund manager consolidation narrative goes wrong

Optimism, not pessimism, could spark future takeover offers for UK investment houses




con

An inconvenient truth for Brazil’s biggest company

In contrast with many global peers, Petrobras has made scant efforts to diversify into green energy




con

Building success in a highly volatile economy

One of Latin America’s top real estate developers puts some of his triumphs down to luck




con

Consumers pay big price after free cash machines close

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up




con

Coronavirus: Congress passes $484bn interim stimulus package — as it happened

US job gains since financial crisis wiped out. Switzerland faces sharpest economic contraction since 1974. UK and eurozone business activity hit by historic collapse this month as lockdowns choked Europe’s biggest economies.

Read more




con

Coronavirus: BofA says US consumer spending starting to rebound — as it happened

A live blog from FT.com

Read more




con

Coronavirus: NY Fed economists find hardest-hit states received fewer PPP loans — as it happened

The US private sector shed a record 20m jobs in April as coronavirus lockdowns and the resulting closure of non-essential businesses led to historic joblessness

Read more




con

Farmers reap rewards of biological pest control

Concern over use of chemicals drives research into alternatives




con

US rescue must be transparent, consistent and fast

Taxpayers ought to receive a share of the upside after big business recovers




con

From balcony concerts to cyber drinks — the power of ritual in the corona age

Under lockdown, communities are finding new ways to voice their defiance, anger and support




con

How much should it cost to contain a pandemic?

Assigning an economic value to life is taboo — but we must confront the trade-offs




con

US stock market rally confuses liquidity with solvency

Many zombie companies will fail, no matter how much is sprayed around by the Fed





con

Merkel’s successor must confront Germany’s decline

Investment strategies have failed to prepare the country for the technology shock




con

SkyCell raises $62M for smart containers and analytics to transport pharmaceuticals

While human travel has become severely restricted in recent months, the movement of goods has remained a constant priority — and in some cases, has become even more urgent. Today, a startup out of Switzerland that builds hardware and operates a logistics network designed to transport one item in particular — pharmaceuticals — is announcing […]




con

Cheetah, a restaurant wholesale app that pivoted to consumers for COVID-19, nabs $36M

A lot of restaurants have shuttered in the wake of stay-at-home guidance and government orders for non-essential businesses to close down, so a startup called Cheetah that provided a wholesale delivery service for them pivoted to selling to consumers, and now it’s raised a round of funding, both to expand its business and to help […]




con

Confirmed: Intel is buying urban mobility platform Moovit in a $900M deal

On the heels of a spate of reports over the weekend, today Intel confirmed its latest move to grow its automotive division. The chip giant is acquiring Moovit, an Israeli startup previously backed by Intel that analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. The deal values Moovit at […]




con

Sinch acquires SAP’s Digital Interconnect messaging business for $250M

M&A activity has generally slowed down in the weeks since the novel coronavirus took a grip on the world, but there have been some pockets of activity in the tech industry when the price is right or when the divestment/acquisition just makes sense. The world of messaging brings us the latest development in that theme: SAP, […]




con

EA games on PS4 and Xbox One could be ‘upgraded free’ to next-gen console versions

2020 and 2021 will be one of the periodic transitional eras in gaming as Sony and Microsoft debut their shiny new consoles, the PlayStation 5 and Xbox Series X. To ease the process (and spur adoption of the next generation), EA may make its upcoming titles free to “upgrade” to your chosen console. On an […]




con

Microsoft and AWS exchange poisoned pen blog posts in latest Pentagon JEDI contract spat

Microsoft and Amazon are at it again as the fight for the Defense Department JEDI contract continues. In a recent series of increasingly acerbic pronouncements, the two companies continue their ongoing spat over the $10 billion, decade-long JEDI contract spoils. As you may recall (or not), last fall in a surprise move, the DoD selected […]




con

Sentiment congeals in a slow simmer

Mike Mackenzie’s daily analysis of what’s moving global markets




con

Opening up economies drives risk sentiment

Mike Mackenzie’s daily analysis of what’s moving global markets





con

Twitter rolls out changes to threaded conversations following tests in its prototype app, twttr

Twitter announced today it’s introducing a new layout for replies that will use lines and indentations to make it easier to understand who you’re replying to and how the conversation is flowing. The company will also test putting engagement actions — including likes, Retweet and reply icons — behind an extra tap to make replies […]





con

NHS COVID-19: The UK’s coronavirus contacts-tracing app explained

The UK has this week started testing a coronavirus contacts-tracing app which NHSX, a digital arm of the country’s National Health Service, has been planning and developing since early March. The test is taking place in the Isle of Wight, a 380km2 island off the south coast of England, with a population of around 140,000. […]




con

A security expert says India’s contact-tracing app has flaws; New Delhi says they are ‘by design’

The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher Baptiste Robert found what he […]




con

Your iPhone will soon be able to tell 911 about your medical conditions and allergies

Got something in your medical history that first responders should know about if you call 911? Things like known drug allergies, or the medications you’re on? The iPhone and Apple Watch will soon be able to share this information with first responders automatically (if you opt to let it do so). When a user with […]




con

UK eyeing switch to Apple-Google API for coronavirus contacts tracing — report

The UK may be rethinking its decision to shun Apple and Google’s API for its national coronavirus contacts tracing app, according to the Financial Times, which reported yesterday that the government is paying an IT supplier to investigate whether it can integrate the tech giants’ approach after all. As we’ve reported before coronavirus contacts tracing […]




con

Apple brings its hardware microphone disconnect feature to iPads

Apple has brought its hardware microphone disconnect security feature to its latest iPads. The microphone disconnect security feature aims to make it far more difficult for hackers to use malware or a malicious app to eavesdrop on a device’s surroundings. The feature was first introduced to Macs by way of Apple’s T2 security chip last […]




con

India says video conference app Zoom is ‘not safe’

India said today Zoom is ‘not a safe platform’ and advised government employees to not use it for official work as the video conference service surges in popularity in many nations including the world’s second largest internet market as billions of people remain stuck at home due to the coronavirus crisis. “Zoom is a not a […]




con

With the coronavirus, usually distinct conspiracy groups turn to a shared interest

The coronavirus pandemic’s global presence and ubiquity in everyday life is a perfect storm for misinformation, as conspiracy theorists from different corners of the web converge on a shared news topic—the only topic, at the moment. From the earliest days of the crisis, everyone from pro-Trump QAnon conspiracists to left-leaning purveyors of dubious home remedies […]




con

Twitter rolls out changes to threaded conversations following tests in its prototype app, twttr

Twitter announced today it’s introducing a new layout for replies that will use lines and indentations to make it easier to understand who you’re replying to and how the conversation is flowing. The company will also test putting engagement actions — including likes, Retweet and reply icons — behind an extra tap to make replies […]




con

The many confusing shades of green for investors

All portfolios should at least nod to the idea that there’s more to life than short-term profits. But how?




con

UK economy: a Downing Street 'coup'

The FT's chief economics commentator says Boris Johnson's levelling-up mission will come at a cost




con

Martin Wolf: The virus is an economic emergency

As borrowers and spenders of last resort, governments must act now to avert a depression




con

The world economy is now collapsing

A microbe has overthrown our arrogance and sent global output into a tailspin




con

Martin Wolf: coronavirus could be worst economic crisis since Great Depression

Pandemic's economic impact compared with historic crises of 1930s and 2008




con

Maintaining the lockdown and saving the economy are mutually compatible

It is not a matter of protecting people ‘or’ the economy but of protecting people ‘and’ the economy




con

Russia’s push back against big tech has major consequences for Apple

Tech companies are getting so large that Russia is fast-tracking laws aimed at developing "digital sovereignty." How will these regulations affect tech companies looking to do business in the country?




con

Silicon Valley could be Biden’s funding lifeline post South Carolina

Presidential candidate Joe Biden is likely to throw a fundraising lifeline to Silicon Valley after his commanding South Carolina victory and heading into the next wave of primaries. A pro-Biden Super PAC, Unite the Country — whose past backers include senior tech figures — is picking up efforts to tap wealthy donors, Treasurer Larry Rasky […]




con

Confluent lands another big round with $250M Series E on $4.5B valuation

The pandemic may feel all-encompassing at the moment, but Confluent announced a $250 million Series E today, showing that major investment continues in spite of the dire economic situation at the moment. The company is now valued at $4.5 billion. Today’s round follows last year’s $125 million Series D. At that point the company was […]




con

Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce

It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to M-Pesa as a public health […]




con

Microsoft and AWS exchange poisoned pen blog posts in latest Pentagon JEDI contract spat

Microsoft and Amazon are at it again as the fight for the Defense Department JEDI contract continues. In a recent series of increasingly acerbic pronouncements, the two companies continue their ongoing spat over the $10 billion, decade-long JEDI contract spoils. As you may recall (or not), last fall in a surprise move, the DoD selected […]




con

NHS COVID-19: The UK’s coronavirus contacts-tracing app explained

The UK has this week started testing a coronavirus contacts-tracing app which NHSX, a digital arm of the country’s National Health Service, has been planning and developing since early March. The test is taking place in the Isle of Wight, a 380km2 island off the south coast of England, with a population of around 140,000. […]