Even before Covid-19 struck, the country’s debt trajectory was out of control

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

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

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

Potential cost cuts should not be used as justification for a UK telecoms tie-up

Trump ally Tom Barrack’s investment group in talks with lenders over hotel and nursing home debt

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown

New workers could suffer the scarring effects of lockdown for decades

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

London bourse’s transformative acquisition is facing more scrutiny than expected

Dutch bank was forced to close out positions at substantial loss

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

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

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels

Prospective deal comes as Riyadh-listed STC seeks to expand regionally

World’s second-largest diamond miner cites disruption along the supply chain

Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band

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

‘Drastic revisit’ of outlook at French bank as dividend cuts and cancellations hit equities trading

Light touch checks on UK borrowers raise fears of defaults on loans and fraud

Right-hand man to President Carter from Iran hostage crisis to Salt Two arms treaty 

World champion whose life and career inspired the Oscar-winning ‘Raging Bull’

He tried to persuade Muhammad Ali to retire from the ring before it was too late

Matriarch of formidable political clan was known for her sharp tongue and strong character

American literary and journalistic iconoclast who Norman Mailer said was the hardest working writer of his time

Editor who raised the profile of the Financial Times’ coverage in Japan

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

Master of disguise who plotted the ‘Argo’ escape from Iran

A prolific American talent who defied the snobbery of literary critics

Heiress who made her own success as the ‘Queen of Jeans’

His 19% in 1992 was best result for independent presidential candidate in 80 years

He became the scourge of the Mob and white-collar crime in New York

A trailblazer who broke the glass ceiling in Washington

She turned the agency into a diplomatic and moral force

A nationalist who could temper his dogma and made his presence felt across the globe

A sharp-eyed editor and foreign correspondent who turned a killing phrase

Luxury and beauty bellwethers predict gradual rebound once coronavirus shutdowns end

Hedge fund billionaire cites Silver Lake-backed company’s reliance on international travel

Organisers expected to delay flagship event in order to let European domestic leagues finish

Activist investor sought to take control of strategy at French group led by Arnaud Lagardère

Combination of O2 and Virgin Media set to transform British telecoms market

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic

Tag Heuer’s digital chief sees connected watches as a point of entry to the mechanical models

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

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output

Coronavirus exposes nation’s post-Fukushima vulnerability