Jeremy Corbyn defends party's processes for dealing with racism after Ephraim Mirvis's criticism. Conservatives put opposition to independence at heart of Scottish campaign. Sterling slips as Labour makes inroads on Tories' polling lead.

Neither Labour nor the Conservatives have offered a "credible prospectus" for government in the election, the Institute for Fiscal Studies said this morning, in a damning assessment that highlighted the gulf between different political visions for Britain.

Live coverage of the UK election campaign.

Live coverage of the UK election campaign.

Heavy redemptions during coronavirus-induced sell-off  spark concerns

More volatility ahead as US oil storage capacity is depleting, analysts warn

Pablo Iglesias sets out stall for shift to left with minimum income guarantee proposal

Britain's party leaders have made lavish promises to win favour with voters ahead of next month's election. Chris Giles, FT economics editor, discusses the main parties' pre-election pledges and their likely impact on the economy with Siona Jenkins.

Contributors: Siona Jenkins, editor, UK news, and Chris Giles, economic editor. Producers: Fiona Symon and Persis Love

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Last week Boris Johnson lead the conservative party to its biggest victory in over 30 years on a promise to “get Brexit done”. What should the UK expect from its new government and how has business reacted to the election? George Parker and Adam Samson talk to Siona Jenkins about what the next five years could bring.

Contributors: Siona Jenkins, editor, UK news, George Parker, political editor and Adam Samson, global head of Fast FT. Producer: Persis Love. Photo credit: Leon Neal/PA

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Funding bodies face a choice between established manufacturers and biotech upstarts

Partnership that would prioritise UK could produce 100m doses by year-end if treatment is effective

American producers are coming under pressure on several fronts

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk

Decline leads to a drop in wholesale prices as businesses close

Shutdowns likely to shift energy use from fossil fuels towards wind and solar

Potential cost cuts should not be used as justification for a UK telecoms tie-up

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

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

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

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

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

UK interdealer broker forecasts low single-digit revenue growth for the year

Watchdogs put 12-month extension on new margin requirements, citing coronavirus threat

Charity Commission intervened over £350,000 of payments to Duke of York’s private secretary

Smaller companies in ‘epic rally’ on optimism over coronavirus and policy support

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

Radioactive material at risk of supply shocks given small number of dominant mines

Anglo-Australian mining group benefits from resilient iron ore price

Buyers and sellers worry about risk of infection, say agents

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

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

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying

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

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

The time it takes for employees to be assessed is putting companies in delicate legal territory

Activists wary after finance ministry names ‘core’ stocks covered by law on foreign investment

Cutting tuition fees is no longer realistic, but there are other ways to better support vital courses

Investors encouraged to take time before making any changes to their retirement plans

Provider cites coronavirus market turmoil for uncertainty over valuations

Down in Tennessee, parrots panic as the sun disappears

Jurek Martin recalls unlikely encounters with an ancient dynasty, from dance floor to tennis court

How the crisis will revolutionise brands, fashion weeks and personal style

S&P 500 closes lower as investors await more evidence of progress against virus and extra stimulus

PMI rises to 8-month high on reduced uncertainty but downturn continues

The technology has significant potential to shake up the construction sector

Should the UK deliver its promises, infrastructure contractors will be in for a bonanza

Work in the sector slows at fastest rate since financial crisis

Coronavirus damage to economy drives eurozone investor sentiment to a record low

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

European Commission seeks to strengthen enforcement powers after banking scandals