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Eric Li: ‘How do you block a country of 1.4bn?’

The pro-Beijing venture capitalist on Trump, China’s rise — and Xi Jinping’s ‘little red app’




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Donald Trump’s erratic diplomacy has a price

The UK’s decision on Huawei should give the US cause for reflection as much as reproach




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Annexation: the return of a dangerous idea

It is not illegitimate to change borders, but it must be done through negotiation




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Coronavirus: how the outbreak is changing global politics

The epidemic could weaken Donald Trump and Xi Jinping, feed conspiracy theories and lead to closed borders




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Brexit solved with the sword of Damocles

The UK is being belligerent, the EU inflexible. But a deal can be done this year




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Human rights under threat from politics

Human rights are regressing worldwide and the UN’s ability to defend them is under attack




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A Biden presidency could not turn back the clock on Trump

It is an illusion to see victory for the former US vice-president as a geopolitical calendar reset




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How Beijing reframed the virus response narrative

Arguments for authoritarianism and against democracy will be made with increased boldness




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Nationalism is a side effect of coronavirus

The pushback against globalisation will come from protectionists, national-security hawks and greens




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Life in Europe’s coronavirus hotspots

Miles Johnson and Daniel Dombey discuss the lockdowns in Italy and Spain




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Even Covid-19 cannot damp partisanship

As the human and economic damage mounts, old political divides are likely to re-emerge




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Eurobonds are not the answer

Why the Germans and Dutch are right to resist this way of sharing coronavirus costs




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Coronavirus and the threat to US supremacy

Two questions serve as a reality check on excessive American declinism




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Francis Fukuyama on coronavirus and the crisis of trust

How do democracies measure up against autocratic regimes in handling the pandemic?




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How strongman leaders will exploit coronavirus crisis

It is easy to take advantage of frightened people who have accepted infringements on freedom




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Politics and perils of running the WHO

Gro Harlem Brundtland on lessons of SARS and how to handle a pandemic




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The pandemic could bring a global ceasefire

Several long-running conflicts are edging towards a temporary halt to hostilities




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How will the lockdowns end? FT journalists answer your questions

Andrew Edgecliffe-Johnson, Hannah Kuchler and Gideon Rachman assess the next stage of the coronavirus crisis




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Joseph Nye on morality in foreign policy

Gideon Rachman talks to Joseph Nye about the role of morality in shaping foreign policy




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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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BNP/SocGen: tankless task

Stay neutral in the battle between French banks and economic adversity




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A misguided court judgment in Germany

The ECB’s asset purchases are vital to the stability of the eurozone




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Non-bank lenders raise concerns over access to ‘bounce back’ loans

Alternative providers fear it will harm competition in market for loans to small business




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CVC and Blackstone in talks to invest in Italian football league

Private equity firms in separate discussions to back coronavirus-hit Serie A




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Coronavirus threatens €10bn hit to football transfer market

Player values tumble as Europe’s top teams prepare to cut spending after pandemic weakens revenues




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Top Wirecard shareholder calls on board to end ‘whitewash’

Union Investment says new outside executives are needed to move the company on after special audit




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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Euro weakens after German court ruling on ECB’s bond-buying

Strategists expect concerns about eurozone stability to dent the currency




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Top investor calls for dismissal of Wirecard chief Markus Braun

Deka Investment urges chairman to act quickly to end crisis of confidence in payments group after special audit




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Brussels plans new anti-money laundering authority

European Commission seeks to strengthen enforcement powers after banking scandals




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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




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Videoconferencing hit delivers biggest ever Nordic software IPO

Pexip deal marks bright spot in otherwise bleak European IPO market




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

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




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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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Zalando: wear to go

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




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Munich Re: risk asset

Insurer is well placed to manage pandemic-related losses




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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




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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




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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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Deconstructed Watch: Zenith Chronomaster Revival Shadow

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




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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




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German court calls on ECB to justify bond-buying programme

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




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Norwegian Cruise Line raises $2.2bn in fight to stay afloat

Company pledges two ships and two islands as collateral in upsized refinancing plan




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

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




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Empty US hotels increase pressure on debt investors

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




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Companies are dangerously drunk on debt

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




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

Details of historic borrowing plans send government bond yields higher




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Investors fear Italy is heading for ‘junk’ borrower status

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




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Treasury market sends bearish signals as stocks rise

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




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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