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Gruppo San Donato withdraws from bidding for NMC

Italy-based hospital chain was only potential suitor after buyout group KKR ruled out its involvement




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Saudi Arabia’s PIF takes 8.2% stake in cruise operator Carnival 

Rare sign of investor confidence in industry battered by coronavirus pandemic




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NMC administrators seek to assure UAE medical staff

Hospitals run by the former FTSE 100 company are tackling the coronavirus outbreak




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US senators renew effort to outlaw shell companies

Fears of Russian influence revive drive to track corporations’ true owners




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Google faces sustained regulatory attack from emboldened critics

Political mood in US has shifted against big tech companies




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Doctors debate when best to place virus patients on ventilators

Warning of potential harm from tendency to use invasive equipment too quickly




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Dubai’s port operator DP World to return to private hands

Premium offered for shares as group seeks to pay back debt owed by its parent company




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Ferry operators warn routes might have to close 

UK government support needed to ensure supply of food and medicines




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Lockdown deepens woes of India’s mobile operators

Subsidies and freebies to retain cash-strapped users add to sector’s financial burden




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Private train operators receive £400m in subsidies

First time in five years that rail groups have not paid into state coffers




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Introducing, the Disney Park Indicator

Yet another economic acronym to impress your friends with.




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Luckin Coffee investigated by top Chinese regulator

Concern in Beijing that accounting scandal could damage other overseas listings




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Barclays trial, climate initiative and Fed regulatory reprieve

Patrick Jenkins and guests discuss the retrial of former Barclays bankers over the bank's arrangements with Qatar at the height of the financial crisis, the poor level of support among banks for a climate change initiative backed by Bank of England governor Mark Carney, and the Fed's decision to drop the introduction of tougher liquidity rules for foreign banks. With special guest, Erkin Nosinov, a director at BCS Consulting.


Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, David Crow, banking editor, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Rich pickings: Peter Aspden on spectator apartheid

Art may be essentially egalitarian as it illuminates the human condition – but that hasn't stopped members of the Porsche Travel Club getting special access to the Sistine Chapel. Should we worry if the wealthy corner the finest cultural experiences?  


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Election: Johnson hosts world leaders at Nato summit — as it happened

Live coverage of the UK election campaign.

Read more




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European regulators ramp up scrutiny of investment fund liquidity

Heavy redemptions during coronavirus-induced sell-off  spark concerns




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Bobi Wine takes on Uganda's ageing dictator

David Pilling takes us on a tour of the African ghetto he visited with Bobi Wine, the rap singer turned politician, who has confirmed he will challenge Yoweri Museveni for the presidency of Uganda in 2021.


Contributors: Alec Russell, editor of FT Weekend, and David Pilling, Africa editor. Producer: Fiona Symon. Music clip: Kyarenga by Bobi Wine

 

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US regulator clears AbbVie’s $63bn deal for Allergan

Federal Trade Commission votes 3-2 to approve tie-up between makers of Botox and Humira




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Stelios complains to regulator as easyJet row intensifies

Founder urges FCA to act as he presses airline to cancel multibillion pound Airbus order




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US regulator grants exemption for drone flight during lockdown

Oil and gas company in Texas given approval to use unmanned aircraft to inspect vital infrastructure




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European regulator takes another shot at ‘dark pools’

Watchdog also offers concession on post-Brexit share trading




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EU regulator allows short delay to new rules on failed trades

Industry bodies had been lobbying for longer postponement over fears of hit to bond markets




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Global regulators delay derivatives rules due to market volatility

Watchdogs put 12-month extension on new margin requirements, citing coronavirus threat




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Prince Andrew repaid own charity after queries from regulator

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




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Axa criticises regulatory confusion over dividend policy

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




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UK regulator to seek court ruling on business interruption insurance

Decision comes amid row between companies and insurers on what is covered under policies




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Regulators urge UK savers to ‘keep calm’ during coronavirus volatility

Investors encouraged to take time before making any changes to their retirement plans




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John McCain, Republican senator, 1936-2018

Vietnam vet and old-school conservative whose friendships crossed the political aisle




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Philips: ventilator pitch

Strategic decisions by chief executive make the Dutch company a safe bet




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French markets regulator backs extension of short-selling ban

AMF chairman cites uncertainty around dividends and coming downgrades to credit ratings




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Predatory investors exploit leaseholders’ cladding dilemma

Properties changing hands for tens of thousands less than market value




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Texas regulator drops effort to force oil production cuts

Railroad commissioner had called for using decades-old state rules to reduce output




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Pension Regulator urged to abandon funding review

Covid-19 pandemic increases problems for retirement schemes already in deficit




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European regulators intervene in bid to stabilise markets

Spanish and Italian bans on short selling follow US Federal Reserve’s liquidity injection




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Y Combinator graduate H1 closes on $12.9 million for its professional healthcare database

Just months after graduating from Y Combinator, H1 Insights, the LinkedIn for the healthcare industry, has raised $12.9 million in a new round of funding. “It’s a better way to connect the ecosystem,” says co-founder Ariel Katz. The company already has more than 8 million profiles for healthcare professionals in its database and is generating […]




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FDA authorizes production of a new ventilator that costs up to 25x less than existing devices

The U.S. Food and Drug Administration (FDA) has authorized the manufacture of the Coventor ventilator, a new hardware design first developed by the University of Minnesota. The project sought to create a ventilator that could provide the same level of life-saving care as existing ventilator models, but with a much lower cost to help ramp […]




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Samsung’s Galaxy Watch blood pressure monitoring app approved by South Korean regulators

Samsung Electronics announced today that its blood pressure monitoring app for Galaxy Watches has been approved by South Korean regulators. Called the Samsung Health Monitor, the app will be available for the Galaxy Watch Active2 during the third quarter, at least in South Korea, and added to upcoming Galaxy Watch devices. TechCrunch has contacted Samsung […]




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Rode’s new white Wireless GO and accessories extend the flexibility of the most versatile creator mic

Sound industry leader Rode has done an amazing job keeping up with the needs of the fast-moving creator industry, supporting YouTubers, podcasters and Instagram and Tik Tok media mavens with a host of new products at impressive price points. The Rode Wireless GO mic system might be the most impressive of these, taking the quality […]




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Nvidia’s top scientist develops open-source ventilator that can be built with $400 in readily available parts

Nvidia Chief Scientist Bill Dally has released an open-source ventilator hardware design he developed in order to address the shortage resulting from the global coronavirus pandemic. The mechanical ventilator design developed by Dally can be assembled quickly, using off-the-shelf parts with a total cost of around $400 — making it an accessible and affordable alternative […]




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Nine senators — including Warren and Sanders — pen open letter to Amazon about worker firings

A group of nine Senators led by Massachusetts Democrat Elizabeth Warren penned an open letter to Amazon CEO Jeff Bezos this week, seeking more information about recent employee firings. The statement cites the terminations of four employees who were vocally critical of the company’s policies pertaining to both COVID-19 and climate change. Cosigned by Bernie […]




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Apple’s new Fraggle Rock series was shot on iPhones in its creators’ homes

There are few more messages more timely than the opening line, “Dance your cares away, worry’s for another day” (or is it “worries?”). Today the familiar Fraggle Rock bass line returns, along with the titular felt underground dwellers, as the first of a new series of mini-episodes hits Apple TV+. Apple’s streaming service will post […]




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Run on toilets leaves Japanese lavatory makers flush with orders

Producers overwhelmed as supply chain disruption fuels fears of shortages




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Franklin Templeton tussles with India regulator after freezing funds

US asset manager apologises following comments by company’s president over debt rules




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Crisis, what crisis? The US needs Nato as much as ever

Quitting Europe would see Washington deliver to Beijing its most important strategic ambition




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Dyson to produce 15,000 ventilators ‘in weeks’

Two-thirds of machines to go to NHS following order from UK government




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Ventilator standards set out for UK makers ‘of no use’ to Covid patients 

Ministers’ challenge to manufacturers sets basic specifications that are not suitable to task, say experts 




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Los Angeles Cleantech Incubator reboots its incubation program with 16-member cohort

The Los Angeles Cleantch Incubator is rebooting its incubator program and moving from rolling applications to a cohort model beginning with 16 new startups.  Los Angeles’ not-for-profit incubator exchanges sweat equity in the form of services and office space, and the promise of $20,000 in funding for local pilot projects, for a 1.5% to 3% […]




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PwC backs Australia’s best young STEM innovators with $20,000 seed funding - 1 Jul

Two young Australian innovators are ready to take their ventures to the next level after sharing in $20,000 in seed funding from PwC during a live pitching event held by the Foundation for Young Australians.




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Regulatory headaches continue for Australian pharma industry - 23 Sep

Regulation, compliance, and price pressure are slowing access to potentially life-saving new medicines, and undermining industry confidence in the current listing process.




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All product creators can learn something from Jackbox Games’ user experiences

While Jackbox clearly owes a great deal of its current popularity to the shelter-in-place policies, they've also been honing their craft for years. It's worth looking at what makes them work.