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Building site closures undermine key housing targets

Lockdown threatens UK’s push to tackle national housing shortage




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The pandemic could bring a global ceasefire

Several long-running conflicts are edging towards a temporary halt to hostilities




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A misguided court judgment in Germany

The ECB’s asset purchases are vital to the stability of the eurozone




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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Top investor calls for dismissal of Wirecard chief Markus Braun

Deka Investment urges chairman to act quickly to end crisis of confidence in payments group after special audit




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Pandemic crisis offers glimpse into oil industry’s future

Price wars and coronavirus have disrupted the sector, possibly moving peak demand even closer 




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Investors blast EU’s omission of oil from ESG disclosures

Latest proposal accused of being misleading over environmental risk




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Game on — tap into the growing world of online gaming

Fortnite is typical of the new business model, renting access to a platform




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Could investing in military tech make your portfolio more defensive?

Whether we like it or not, spending on arms and security will rise in the next few years 




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Gold: a hedge against future policy misfires

A new exchange traded commodity holds several advantages




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Deal of the week: Premium share dealing from The Share Centre




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Cater Allen plan mirrors FTSE 100

Santander private banking arm’s six-year savings product




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Mr & Mrs Smith retail bond launched

The four-year bond will pay 7.5%




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Pandemic is also a test of our maths skills

As numbers and statistics come to the fore, can we boost national numeracy?




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Vale ex-CEO charged with homicide over dam disaster

Brazilian prosecutors also accuse miner and safety group of environmental crimes




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Church of England raises pressure on miners over dams

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




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LatAm companies spot opportunity for redemption in pandemic 

Pledges to donate Covid-19 test kits pour in from groups including Vale and Petrobras




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NS&I slashes Premium Bonds prizes

Bond market movements blamed for removal of nearly 175,000 cash prizes from monthly draw




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Pandemic policies: Rishi Sunak’s first  Budget and a cut in the base rate

Surprise measures on pensions and investing for children lay in the chancellor’s red box




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Premium Bonds rate reprieve for savers

NS&I scraps planned cuts to prize fund rate 




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Coronavirus: NY Fed economists find hardest-hit states received fewer PPP loans — as it happened

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

Read more




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Chemicals group Clariant suspends Saudi joint venture plans

Swiss company announces ‘challenging’ results a day after its chief executive quit




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Erik Fyrwald: Changing the image of the agrochemicals industry

Concerns over climate change led the chemicals veteran to dramatically transform Syngenta




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Huntsman sells chemicals units to Indorama for $2bn




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The end of China’s chemical romance

Welcome to Due Diligence, the FT’s daily deals briefing




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Ineos: why Jim Ratcliffe is mixing petrochemicals and sports

Amid charges of greenwashing from activists, the private company is investing in football, cycling and other ventures




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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 […]




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Short sellers circle virus sinners; Amazon’s looming shareholder battle; Businesses fight for prisoner releases

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




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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




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How much should it cost to contain a pandemic?

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




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How the pandemic trapped domestic violence victims in hell

Under lockdown, vulnerable families are imprisoned in a cage of terror, stress and abuse




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Instagram ‘pods’ game the algorithm by coordinating likes and comments on millions of posts

Researchers at NYU have identified hundreds of groups of Instagram users, some with thousands of members, that systematically exchange likes and comments in order to game the service’s algorithms and boost visibility. In the process, they also trained machine learning agents to identify whether a post has been juiced in this way. “Pods,” as they’ve […]




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Discover is Facebook’s new effort to help people access websites for free — but with limits

Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]




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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




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Europe is still in thrall to the analogue mindset

The EU is culpably complacent about the challenges of the digital age




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Ingram Pinn’s illustration of the week: Emergency emissions

COP25 attempts to confront climate change




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Alipay owner Ant Financial takes minority stake in Klarna

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 […]




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Samsung’s new Galaxy Watch app reminds you to wash your damn hands, dummy

A few months ago, the idea of a hand-washing app would have seemed trivial, at best. We’re all adults here, right? We’ve been washing our hands our entire lives. But things change. It’s mid-April and we’re afraid to go outside and engage with other humans — and thorough hand-washing is one of very few tools […]




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Amid stock market turbulence, investing app Stash raises $112M led by LendingTree

As coronavirus-hit financial markets continue to flip-flop in the wake of bad news followed by pockets of hope, a startup that aims to introduce ordinary consumers to investing has raised a big round of funding. New York-based Stash, which provides a mobile-first route to managing money through investment — as well as retirement, custodial and […]




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Lyft is laying off 982 employees, furloughing a further 288 due to COVID-19 pandemic

Less than 24 hours after it was reported that Uber was considering layoffs of 20% of staff, its big rival Lyft is announcing its own cuts. Today the company said it would be reducing employee count by 17%, working out to 982 employees, and furloughing an additional 288, due to the effects of the COVID-19 pandemic […]




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Microsoft shares rise after the tech giant posts 15% growth

Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. The technology giant generated $35 billion in revenue, up 15% from the year-ago period. That top line led to $13 billion in operating income (+25% YoY), and $10.8 billion in net income (+22% YoY). […]




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In spite of pandemic (or maybe because of it), cloud infrastructure revenue soars

It’s fair to say that even before the impact of COVID-19, companies had begun a steady march to the cloud. Maybe it wasn’t fast enough for AWS, as Andy Jassy made clear in his 2019 Re:invent keynote, but it was happening all the same and the steady revenue increases across the cloud infrastructure market bore […]




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Knowde could make billions building the digital marketplace for the $5 trillion chemicals industry

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 […]




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Microsoft’s Surface Go 2 and Surface Book 3 are official

The days of the big product event are on hold for the foreseeable future. Until then, a big blog post will have to do. A day after announcing that Microsoft would be shifting focus away from dual-screen devices, Chief Product Officer Panos Panay took to the company’s Devices blog to show off a slew of […]




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Microsoft to open first data center in New Zealand as cloud usage grows

In spite of being in the midst of a pandemic sowing economic uncertainty, one area that continues to thrive is cloud computing. Perhaps that explains why Microsoft, which saw Azure grow 59% in its most recent earnings report, announced plans to open a new data center in New Zealand once it receives approval from the […]




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Microsoft showcases 13 new titles for the Xbox Series X

With conferences canceled indefinitely, companies are increasingly reliant on online events to hype product launches. As they prepare to release a next-gen console before the end of the year, expect plenty of live streams and blogs from both Microsoft and Sony in an attempt to flesh out all that their respective systems have to offer. […]




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Microsoft and AWS exchange poisoned pen blog posts in latest Pentagon JEDI contract spat

Microsoft and Amazon are at it again as the fight for the Defense Department JEDI contract continues. In a recent series of increasingly acerbic pronouncements, the two companies continue their ongoing spat over the $10 billion, decade-long JEDI contract spoils. As you may recall (or not), last fall in a surprise move, the DoD selected […]




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Microsoft Surface Go 2 review

The original Go was a mostly well-received addition to the Surface line when it arrived in late 2018. It was a nice, pint-sized alternatively, positioned fairly well to serve as a secondary device for some. It did the convertible double duty and traveled well, but otherwise was lacking in guts and versatility. Launching at the […]




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Opening up economies drives risk sentiment

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




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Twitch launches an esports directory to cater to growing streaming audience

Twitch is doubling down on esports in this new era of social distancing as a number of traditional sporting events have been cancelled. The company this week introduced a new esports directory on its site that will make it easier for viewers to find live matches, information on players, games with active competition leagues, a […]