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Ain’t no virus gonna stop the crypto graph-ters

When a chart can speak 1000 words. Not all of them entirely sincere.




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Credit risk inside the hall of mirrors

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




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Investors turn bearish on the pound

Short bets rise to highest level of 2020 over Brexit and Covid-19 concerns




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Policy response determines plenty

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




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Turkey digs in for currency battle

‘Cat-and-mouse game’ pitches central bank against market forces




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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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Turkish lira succumbs to pressure and weakens past 7 to dollar

Currency softens beyond key level as investors brace themselves for more interest rate cuts




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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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Stumbling into May after running too fast

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




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Will the Bank of England announce more QE?

Market Questions is the FT’s guide to the week ahead




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Can governments afford the debts piling up to stabilise economies?

Two experts debate the long-term impact on inflation of the Covid-19 rescue packages




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Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




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UK pound slips more than 1% in first two trading days of May

Sterling under pressure from US-China angst and renewed Brexit concerns




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Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




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Stablecoins as a collateral sinkhole

There’s a chronic paradox at the heart of stablecoin-based payment systems that will render them cost-prohibitive.




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Turkish lira nears record low after efforts to curb selling

Country’s finance minister seeks to reassure investors on impact of Covid-19




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Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project




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Turkey bans FX trades with UBS, Citi and BNP as lira hits record low

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis




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Global economy is at risk from monetary policy black hole

Governments should borrow more to stave off secular stagnation




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Why universities deserve special financial support

Higher education should not be treated as just another business




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The thorny dilemma of when to reopen schools

Schools can spread infection, but long absences mean gaps in learning




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Biden is struggling to win voters’ attention

Candour about the fiscal deficit might return the Democrat to prominence




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Russia’s economic woes will clip Putin’s wings

Pandemic combined with collapsing oil prices spells real hardship




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Deflation is a bigger fear than hyperinflation

A collapse in demand is reducing prices even as central banks print money




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The self-destruction of the ‘Tropical Trump’

Brazil’s Jair Bolsonaro is building the case for his own impeachment




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Corporate bailouts should come with strings

Business cannot expect emergency cash without sensible conditions




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How to preserve jobs as retention schemes wind down

Programmes should be flexible and help workers move to in-demand sectors




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The dangers of cramped coronavirus hotspots

Singapore’s second wave of infections and US meat packers offer cautionary tales




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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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Even in a pandemic, politicians must decide

Being ‘guided by the science’ does not mean hiding behind it




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Markets are out of step with economic reality

Investors are looking to the future, but should beware of over-optimism




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Pandemic is putting banks’ resilience to the test

Regulators must ensure that lenders’ defences are sufficiently robust




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Bankrupt Lebanon’s turn to IMF is overdue

A bailout is the Mediterranean country’s only option to refloat its sinking economy




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Debt relief alone will not save Argentina

Economic woes go well beyond the coronavirus crisis




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Finding a Covid-19 vaccine needs a global effort

Countries should avoid turning to nationalism and share the burdens




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The class of 2020 need help to start their careers

New workers could suffer the scarring effects of lockdown for decades




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Now Britain must overcome the fear factor

The government needs to address concerns over the return to normal life




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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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EasyJet boosts cash after fresh pressure from Sir Stelios

Airline’s biggest shareholder calls for CFO’s exit over failure to scrap £4.5bn Airbus order 




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Boeing suppliers Hexcel and Woodward call off $6.4bn merger

Aircraft parts manufacturers pull plug in first big deal to collapse due to coronavirus pandemic




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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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Stelios complains to regulator as easyJet row intensifies

Founder urges FCA to act as he presses airline to cancel multibillion pound Airbus order




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Virus outbreak on French warship sparks military weakness fears

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts




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How coronavirus brought aerospace down to earth

The industry has been one of the hardest hit, with contracts cancelled, production halted and pleas for big bailouts




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US regulator grants exemption for drone flight during lockdown

Oil and gas company in Texas given approval to use unmanned aircraft to inspect vital infrastructure




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Airbus is ‘bleeding cash’, says chief executive

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence




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Airbus: braced for impact

The pandemic has made airlines reluctant or unable to accept new jets




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Boeing investors could wait ‘years’ for dividend to return

Aircraft maker’s chief executive says focus will be on rebuilding balance sheet post-pandemic




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EasyJet says Stelios pressure ‘highly undesirable’

Airline calls shareholder vote on directors in latest escalation of dispute




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Coronavirus: Trump in new push to expand testing — as it happened