Beijing has ordered government offices and public institutions to remove all foreign computer equipment and software within three years as part of its bid for self-reliance in office technology. Malcolm Moore discusses the ramifications for Chinese and US companies and for the global supply chain with the FT’s Yuan Yang in Beijing.

Contributors: Malcolm Moore, technology news editor, and Yuan Yang, Beijing technology correspondent.  Producer: Fiona Symon

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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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Jeanine Añez settles in for long haul as pandemic adds to political uncertainty

Finance minister tells FT that government has rejected counter-offer from BlackRock-led group of creditors

Scientists co-operate on search for Covid-19 origins despite charges Beijing is withholding data

First country to get a vaccine could have an economic as well as a health advantage

Sum far exceeds $8bn fundraising target at upcoming EU-led donors’ conference

The wide variety of Covid-19 symptoms seen by doctors is confounding the scientific community

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

One of the first large acquisitions to be agreed since coronavirus pandemic rocked global markets

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

First signs of severity of coronavirus pandemic on UK energy sector 

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

Eighth consecutive cut could heap fresh pressure on already struggling lira

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

Candour about the fiscal deficit might return the Democrat to prominence

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

Countries should avoid turning to nationalism and share the burdens

Grounding of aircraft around the world due to coronavirus crisis takes toll on UK aero-engine maker

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

Aircraft maker says strong demand for offering has removed need for government funding

Frantic trading across financial markets pushes revenues up at the exchange and financial data group

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

The story of Robert Iger’s career as a leader is a thoughtful tale of surviving disruption

In a polarised time, the broadcaster has won listeners by embracing confrontation

Hedge fund chief bets on stockmarket recovery after profiting from coronavirus sell-off

Lockdowns have elevated the sector that some analysts thought would fall furthest in a recession

Sell-off dents investment holdings despite uptick in operating profit

Prices rebound from March lows after miner Kazatomprom slashes production

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

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

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings

Supermajors’ status as reliable income stocks questioned as earnings plunge

China looks set to pour billions in national savings down a black hole

Canadian group makes all-stock proposal public after talks fail to get off ground

Viral outbreak has sped shift to online platforms, squeezing many traditional outfits

Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 

Households urged to consider options such as reduced payments instead of delaying debt

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

Rick Bright’s lawyers say federal investigators recommend he be reinstated during probe

We grew too fast, but came back stronger

Chief executive Thomas Buberl says different guidance between countries ‘difficult to accept’

UK insurers bow to regulatory pressure but L&G has said it would push ahead with payout

Cancelling payouts should not become a loyalty test

Industry expects a sharp decline in claims as drivers stay at home during coronavirus pandemic

Almost half of British companies have scrapped payouts in response to coronavirus