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Coronavirus: New York death toll exceeds 20,000 — as it happened




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Inside Samsung’s fight to keep its global supply chain running

Korean electronics group draws on lessons from past epidemics to tackle coronavirus crisis




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UK’s top asset manager urges companies to take care of employees

LGIM to hold businesses to account for their stakeholder responsibilities during pandemic 




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Paris and The Hague say EU must toughen enforcement of green trade

Dutch and French trade ministers say Covid-19 has focused minds on global trade and climate change




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Esports doesn't need a virus to overtake real sports

Tomi Kovanen argues that investors and pundits should temper their expectations for the industry in the short term, but increase them for the long term.




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KKR agrees buyout deal with German media giant

German media group Axel Springer is seeking to go private with the help of US investor KKR. Katie Martin discusses what both sides stand to gain from the move with Arash Massoudi and Tobias Buck.


Contributors: Suzanne Blumsom, executive editor, Katie Martin, capital markets editor, Arash Massoudi, corporate finance and deals editor, and Tobias Buck, Berlin correspondent.

 

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Philip Green fashion empire crumbles

The high-street fashion empire of Philip Green is on the rocks. The UK retail tycoon has secured creditor support for a complex three-year overhaul that will involve rent reductions, store closures and a halving of the company’s pension deficit reduction payments. But will this be enough to save the business? Matthew Vincent discusses this question with Jonathan Ford and Jonathan Eley.


Contributors: Suzanne Blumsom, executive editor, Matthew Vincent, Lombard editor, Jonathan Ford, City editor, and Jonathan Eley, retail correspondent. Producer: Fiona Symon

 

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Can Greece become an economic success story?

Greece’s centre-right New Democracy party has returned to power after defeating the far-left party Syriza at the ballot box on a promise of reviving the economy through tax cuts, reduced bureaucracy and more foreign investment.  Katie Martin discusses the new government and the challenges it is facing with Ben Hall and Kerin Hope.


Contributors: Naomi Rovnick, FT Live reporter, Katie Martin, capital markets editor, Ben Hall, Europe editor, and Kerin Hope, Athens correspondent. Producer: Fiona Symon

 

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London Stock Exchange sees future in global data business

The London Stock Exchange group has confirmed that it is in advanced talks to buy Refinitiv in a $27bn deal that would turn it into a global exchanges and data powerhouse. Patrick Jenkins discusses the proposed deal with Arash Massoudi, the FT’s corporate finance and deals editor.


Contributors: Patrick Jenkins, financial editor, Arash Massoudi, corporate finance and deals editor. Producer: Fiona Symon

 

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How Google feeds your data to advertisers

Google is allegedly using hidden web pages that feed the personal data of its users to advertisers, circumventing EU privacy regulations that require consent and transparency. Madhumita Murgia, the FT's European technology correspondent, discusses the implications for both privacy and competition with Malcolm Moore.


Conributors: Malcolm Moore, technology news editor, and Madhumita Murgia, European technology correspondent. Producer: Fiona Symon

 

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As world leaders meet to discuss emissions, how is China doing?

As the world’s largest carbon emitter, China will be in the spotlight at this week’s UN climate summit in New York.  Beijing has taken steps to tackle its pollution problems in recent years, but is it working? Pilita Clark puts this question to Leslie Hook, environment correspondent, and Lucy Hornby, deputy Beijing bureau chief. 

 

Contributors: Pilita Clark, business columnist, Leslie Hook, environment correspondent, and Lucy Hornby, deputy Beijing bureau chief.  Producer: Fiona Symon

 

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European court sets precedent on hate speech

Europe’s top court has ruled that individual countries can force Facebook to take down illegal content, including hate speech, both inside the EU and across the world. Malcolm Moore discusses the implications of the ruling for freedom of expression with Mehreen Khan and Madhumita Murgia.


Contributors: Malcolm Moore, technology news editor, Mehreen Khan, Brussels correspondent, and Madhumita Murgia, European Technology correspondent, Producers: Fiona Symon and Persis Love

 

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Syria's war profiteers

During Syria's eight year civil war, around half a million Syrians have lost their lives and many more have lost their livelihoods. But a few individuals have made millions by helping the Assad regime. Chloe Cornish has been investigating and she tells Josh Noble about some of Syria's war profiteers.


Contributors: Josh Noble, weekend news editor, and Chloe Cornish, Middle East correspondent. Producers: Fiona Symon and Persis Love

 

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When work gets in the way of sleep

A sleep loss epidemic is making its mark on the workplace, but what are its causes and what should businesses do to ensure their fatigued employees get a good night’s kip? Louise Aston and James Wilson talk to Darren Dodd about where employers are going wrong and what needs to be done.


This podcast forms part of FT Health at Work magazine, supported by Vitality. 


Business in the Community's Sleep and Recovery Toolkit for employers can be found here, and their responsible business podcasts, here. James Wilson’s website is available here.


Contributors: Darren Dodd, editor of FT Health at Work magazine, Louise Aston wellbeing director at Business in the Community and, James Wilson, sleep specialist. Producer: Persis Love


 

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What happened between the US and Iran?

Iranian military leader and commander of the Quds Forces, Qassem Soleimani, was killed on the 3rd of January in a targeted US air strike at Baghdad airport, Iraq. What did Soleimani mean to Iranians and why did the US order the airstrike that killed him? Najmeh Bozorgmehr discusses the story with Andrew England.


Contributors: Andrew England, Middle East editor and Najmeh Bozorgmehr, Tehran correspondent. Producer: Persis Love

 

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Mitsotakis surfs wave of optimism in Greece

After years of economic pain, Greece is in an upbeat mood. But can the country’s fresh political leadership overcome deep-seated problems holding back growth? Katie Martin discusses this question with Kerin Hope in Athens and Ben Hall, Europe editor.


Contributors: Katie Martin, capital markets editor, Kerin Hope, Athens correspondent, and Ben Hall, Europe editor. Producers: Persis Love and Fiona Symon

 

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Putin seeks to secure his legacy with power shake-up

Russia’s president Vladimir Putin has been in power for two decades and now it looks as though he intends to stay indefinitely. He has launched an overhaul of the country’s power structures that could allow him to extend his control after his official term ends in 2024. Katie Martin discusses the move with Max Seddon in Moscow and Ben Hall, Europe editor.


Contributors: Katie Martin, capital markets editor, Max Seddon, Moscow correspondent, and Ben Hall, Europe editor. Producer: Fiona Symon

 

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Can electric car pioneer Tesla maintain its momentum?

Shares in Elon Musk’s pioneering electric car company Tesla have skyrocketed. Tom Braithwaite discusses whether the company will be able to maintain its current momentum and hold off competition from traditional carmakers with Jamie Powell and Richard Waters.


Contributors: Tom Braithwaite, companies news editor, Jamie Powell, Alphaville reporter, and Richard Waters, West Coast editor. Producer: Fiona Symon

 

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Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

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Fauci praises remdesivir after data show it speeds recovery

US-run trial of Gilead coronavirus therapy demonstrates ‘significant positive effect’




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AstraZeneca and Oxford university agree deal to develop virus vaccine

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




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Call to overhaul plasma rules to speed up potential virus therapy

Industry highlights bottlenecks in access to materials that are a possible Covid-19 treatment




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Will poor countries get the treatments they need?

Pharma and its critics agree government has a big role to play in ensuring fair access to Covid-19 remedies




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Trump appointees vote to block US coal joint venture

Shares in Peabody Energy and Arch Coal fall sharply after regulatory action




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China’s Belt and Road power grids keep security critics awake

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




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Green boost as £800m pledged for carbon capture

Climate campaigners say measures lack ambition to tackle crisis




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Energy groups seek help on payment holidays

Loan scheme worth up to £100m a month would allow suppliers to assist struggling customers




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Things are not as dire as they might seem for Centrica

If lenders maintain support, the company’s balance sheet may not need an urgent fix




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Lex Midweek Letter: Amazon’s May Day mayday

Customers and investors may appear immune to staff complaints but regulators have not lost interest




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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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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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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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Airbus is ‘bleeding cash’, says chief executive

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




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FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

Paper released by UK regulators homes in on tactic known as latency arbitrage




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Banks fear Ion/Broadway deal will push up forex fees

Acquisition allows group to build bigger share of the $6.6tn-a-day market




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Business in Hong Kong needs to stay strong

Beijing wants to make companies impose obedience to China on protesting employees




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Invent a greener milk carton for the world

Tetra Pak’s innovation overtook the glass bottle but it needs to be improved




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How we all became screen obsessives

Phones, TV and games constantly vie for our attention — but how much do they add to our lives?




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Market rout reopens big gaps between winners and losers

Return of dispersion comes after years of similar returns across sectors




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Wall Street bets on a Big Tech rebound

Valuations do not reflect the risks that still lie ahead from coronavirus




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Wall Street jumps on coronavirus treatment hopes

Remdesivir news moves markets more than economic data or Fed action




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Gupta completes acquisition of bankrupt Indian steelmaker

Business tycoon’s GFG Alliance makes first foray into fast-growing market after long court battle




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Sanjeev Gupta pledges to invest €2bn as part of emissions fight

Liberty Steel to modernise European plants in effort to become carbon neutral




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British Steel’s Chinese rescuer to complete purchase next week

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved




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Four groups swoop for British Steel’s French factory

Bids complicate Chinese investor’s efforts to buy out whole of troubled company




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Tata Steel Europe chief lays out challenges

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs




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Europe steelmakers cut production after shutdown of car plants

Move illustrates how coronavirus impact is rippling through manufacturing supply chains




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BHP and Rio see solid rebound in China’s steel sector

Country’s production this year expected to top 2019 if coronavirus kept at bay




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Tata Steel calls on UK to lift £50m cap on coronavirus aid

Steelmaker says more funding needed given scale and length of lockdown disruption