ai

Retailers under pressure to close online operations

Yoox-Net-a-Porter and Paul Smith join list of brands that have suspended ecommerce sales




ai

How coronavirus will change fashion’s supply chains

Disruptions set to revive local manufacturing as designers look to avoid reliance on distant hubs




ai

Trump claims disinfectant ‘injection’ idea was sarcasm

Medical community warns of dangers from use of cleaning agent as internal treatment




ai

Retail: fast fashion, interrupted

Coronavirus is highlighting more than the industry’s wasteful ways; its iniquitous supply chain is also in the spotlight




ai

The future of fashion — focus on sustainability

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




ai

Louis Bacon’s Moore Capital gains after going it alone

Billionaire investor hits winning bets in global macro after closing to external money




ai

Wall Street inches higher despite spike in jobless claims 

Investors say ‘astounding’ number of unemployment claims in US had been priced into markets




ai

Bill for pair of Carillion hospital projects doubles

Failed outsourcer’s work on Liverpool and Birmingham hospitals running years behind schedule




ai

Hochtief/Dubai hotels: deconstructed

Middle East building downturn that began in 2015 shows little sign of abating




ai

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




ai

Air France-KLM prepares for years of shrunken demand

Airline forecasts capacity will be almost wiped out in the second quarter




ai

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

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




ai

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

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




ai

Mexico’s Pemex: from cash cow to resource drain

President’s pet project holds line on output growth despite oil crisis and mammoth losses




ai

Bakken pain reflects long road back for US shale

North Dakota’s oil sector has ‘never been through a downturn like this’




ai

Cannabis remains an investment market worth watching

Promises of huge growth are yet to materialise — but there’s huge potential




ai

Gold: a hedge against future policy misfires

A new exchange traded commodity holds several advantages




ai

National Grid looks to UK retail investors




ai

National Grid RPI-linked 10-year sterling retail bond

Corporate bond links income and capital to inflation




ai

Mr & Mrs Smith retail bond launched

The four-year bond will pay 7.5%




ai

Trainline’s investment case is at risk of hitting the buffers

Tickets website has to navigate an overhaul of UK rail’s supporting infrastructure




ai

Church of England raises pressure on miners over dams

Investor group led by the CofE launches database to track tailings dams after Brazil disaster




ai

Burford faces long wait over $1bn Argentina claim

Case linked to 2012 nationalisation of oil company proves tricky for litigation funder




ai

Embraer says Boeing used false claims to ditch $4bn tie-up 

Brazilian jet maker to seek damages from US group, which counters it is within its rights to terminate deal




ai

Don’t let coronavirus derail your financial plans

Take steps to improve your relationship with money and the role it plays in your life




ai

Coronavirus: Record daily increase takes US death toll above 55,000 — as it happened

The worldwide Covid-19 death toll rose by 6,365 on Tuesday, pushing the total through 200,000

Read more




ai

Coronavirus: US death toll rises by more than 2,000 for third straight day — as it happened

Eurozone GDP in historic fall, millions more Americans file for unemployment, Shell cuts dividend for first time since second world war and UK's AstraZeneca combines with Oxford on a potential vaccine

Read more




ai

Coronavirus: AIG chief warns virus could be industry’s largest catastrophe loss — as it happened

Spanish prime minister Pedro Sánchez says no other option remains but to maintain the state of alert

Read more




ai

Coronavirus: Pence aide tests positive for Covid-19 — as it happened

Germany's dominant export sector in record decline, South Korea may be forced to close bars and nightclubs after partygoer is found to have infected at least 14 people

Read more




ai

Coronavirus latest: Spain’s Sánchez urges caution as lockdown is eased

Thousands attend military parade in Belarus even as virus spreads rapidly in neighbouring Russia, UK airline industry warns of huge blow if travel quarantine is launched and Seoul closes down bars and clubs in wake of new cluster

Read more




ai

Bayer faces 5,000 new lawsuits over pesticide cancer claims

Pharma and chemicals group says it will ‘defend itself vigorously’ amid mounting cases




ai

Bayer faces more claims over weedkiller cancer allegations

Rise in plaintiffs comes as German chemicals group reports 19% jump in sales




ai

Zeitgold raises $29.2M to automate bookkeeping

Zeitgold has raised a Series B round of $29.2 million (€27 million). Overall, the company has raised more than $54 million (€50 million). The company is building a software platform for small companies to automate bookkeeping as much as possible. Vintage Investment Partners is leading today’s round with existing investors Battery Ventures, HV Holtzbrinck Ventures, […]




ai

Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number of tech entrepreneurs from Estonia participated, such as […]




ai

Kairn is a new task manager focused on speed

Meet Kairn, a new startup coming out of stealth today with a sneak peek of what the company has been working on. As Wunderlist shuts down, Kairn wants to prove that there’s still room for an innovative task-management service. “We’re building a task manager that is smart and focused on capturing tasks,” co-founder and CEO […]




ai

Deep Render raises £1.6M for image compression tech that mimics ‘neural processes of the human eye’

Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render […]




ai

Big data shows Covid-19 reshaping ESG; UN PRI’s long-term crisis plan; sustainable funds stand tall

Your guide to the investment and business revolution you can’t afford to ignore




ai

World Bank’s pandemic bond failure; ESG shakes virtual AGM agendas; BlackRock’s green Fed fight

Your guide to the investment and business revolution you can’t afford to ignore




ai

How much should it cost to contain a pandemic?

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




ai

A Covid-19 supply chain surprise? Exxon and Barclays face proxy battles; challenging data on ESG fund growth




ai

Exclusive: Shake Shack CEO talks bailout failings; climate chaos ahead for mortgage market; EU green plans charge forward




ai

Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million in fresh capital at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the […]




ai

Lessons for pro-Europeans in the failed Remain cause

The anti-Brexit movement wasted energy on negative campaigning and parliamentary wrecking tactics




ai

A grand bargain for Europe might yet be possible

Security and climate change will be high on Ursula von der Leyen’s list of priorities




ai

Britain and EU are negotiating at cross purposes

Once the UK accepted trade friction, everything changed




ai

Eurozone stability is under threat again

Without a co-ordinated response, national stimulus policies will end up increasing imbalances




ai

Pinn’s illustration of the week: Leap of faith

Boris Johnson dives into the transition period




ai

One year later, the future of foldables remains uncertain

Yesterday, Samsung announced that the Galaxy Flip Z sold out online. What, precisely, that means, is hard to say, of course, without specific numbers from the company. But it’s probably enough to make the company bullish about its latest wade into the foldable waters, in the wake of last year’s Fold — let’s just say […]




ai

Bird is testing Bird Pay, which lets users purchase items from local businesses using its main app

Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them). Bird today announced the launch of Bird Pay, a service that will let people use its app to purchase items from local participating businesses alongside renting scooters. The service […]




ai

Decrypted: Zoom’s security fallout, CrowdStrike’s new CTO, Bugcrowd raises $30M

Another week in quarantine. As the world adjusts to working from home under mandatory stay-at-home orders, hackers are keeping busy. Microsoft said this week that coronavirus-related attacks are on the rise but still make up just a fraction of the overall malicious activity. Cybersecurity companies seem to be faring mostly well — in part thanks […]