Airline’s operations at London’s second biggest airport face brunt of 12,000 job cuts

Lenders and lessors had little alternative but to accept the debt-for equity swap

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact

Move in response to drop in prices and demand and honours unofficial pact with Opec

US oil producer pledges to reduce output by more than a third in June

Private equity group acquires 10% stake in Australia’s Crown Resorts

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers

Hilary Mantel’s lessons for a pandemic

Look for something elegant and distinctive but not overbearing

Reducing pensioners to ‘old dears’ ignores their wisdom and physical vitality

Consumer goods group missed its moment but there is much to keep investors onside

Wuhan and the future of banks; digital insurance with Artificial; Robinhood’s $8.3bn valuation

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

Why, from an investment perspective, Covid-19 suppression is the equivalent of kicking the can down the road.

But its coal addiction and authoritarian system mean it will struggle to take a global lead

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

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

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

An inquiry into the origins of Covid-19 is needed if important lessons are to be learnt

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

Pexip deal marks bright spot in otherwise bleak European IPO market

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

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

Glencore-backed First Cobalt to open Canada refinery this year in attempt to cut reliance on China

New Sipp dealing account has no annual management fee

Music royalties specialist has done well in a strong market for alt investment trusts

One of Latin America’s top real estate developers puts some of his triumphs down to luck

Young people may face many challenges, but they also have many wealth creation opportunities

Money matters are a surprise hit on the photo-sharing app

Take advantage of tax allowances available despite the turmoil

The US private sector shed a record 20m jobs in April as coronavirus lockdowns and the resulting closure of non-essential businesses led to historic joblessness

The Nobel laureate talks to Anjana Ahuja

Deal to create one of world’s biggest chemicals groups beset by management clashes

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]

From Brexit to fiscal policy, the EU’s largest member states have seen the mainstream wrongfooted

Direct payments should be made to citizens and companies

But statistics that show how many days one country is behind another are humbug

It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends

It would be the underlying law and EU treaty that needs changing, not the ruling

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform, has announced it’s taking a minority stake in Swedish payments platform Klarna . Klarna has a strong European presence and a flagship product that lets shoppers buy now and pay later in interest-free installments (typically 14 or […]

Some big M&A is afoot in Israel in the world of smart transportation. According to multiple reports and sources that have contacted TechCrunch, chip giant Intel is in the final stages of a deal to acquire Moovit, a startup that applies AI and big data analytics to track traffic and provide transit recommendations to some […]

Investment in company’s new China entity is led by state-owned enterprises

‘Stock price is too high’, writes outspoken chief executive

Ali Amin-Javaheri grew up in the chemicals business. His father had worked for Iran’s state-owned chemical company and when the family fled the country in the nineteen eighties during the Iran-Iraq war, they first settled in Houston where employers welcomed the senior Amin-Jahaveri’s experience. Houston in the 80s was dominated by the petrochemicals industry and […]

Wunderlist is going away, but fans of the productivity app may find some consolation in founder Christian Reber’s announcement that he is launching a new startup called Superlist. “Superlist will be more than just a todo app, but never as bloated as the project management software you loathe to use,” he tweeted. “Slick, fast, and […]

Last updated 3:00pm BST. Featuring Royal Mail, Flutter, Stagecoach, Hiscox, Capital & Counties, Hammerson, Aston Martin, deep thoughts, kraftliner and Samhällsbyggnadsbolaget.

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

Last updated 2:00pm BST. Featuring ITV, National Express, Hiscox, Hammerson, LondonMetric, Metro Bank and OneSavings.

Last updated 1:00pm BST. Featuring BT, Vodafone, IAG, Hyve, Tui, Aston Martin and Burberry.

After suspending dividend, investors will rightly wonder what is the point of owning the telecoms group