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Inside UK care homes: why the system is failing its coronavirus test

Frail residents in overwhelmed sector emerge as the hidden victims of the Covid-19 crisis




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Nations look into why coronavirus hits ethnic minorities so hard

Studies focus on Bame groups who are over-represented in Covid-19 cases




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Assassinations in southern Syria expose limits of Assad’s control

Killings in Dera’a province are testing Syrian leader’s alliance with Russia




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Recruiters warn profits will be dented by global political uncertainty

PageGroup and Robert Walters cite Brexit, Sino-US trade war and Hong Kong protests




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CMA CGM predicts China recovery as its bonds dive

French transport group says factories coming back online but investors bet company will default




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The Metropolitan Opera’s online gala was the most ambitious event of its kind

A star-studded cast sang from their own homes in the New York opera house’s four-hour show




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Coronavirus hits US rail volumes

The ripples from slowing Chinese production are felt down the supply chain




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Mayor abandons London fares freeze as virus hits TfL finances

Move comes after Moody’s predicts £400m blow to transport network’s income




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Taiwan keeps its borders shut despite virus success

Taipei says foreign visitors will be allowed to enter once a vaccine is discovered




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World’s worst humanitarian crisis deepens as coronavirus hits Yemen

UN official warns that war-ravaged country cannot deal with an outbreak of the disease




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No mean feet: socks to lift your spirits

A colourful pair can elevate an outfit out of the style doldrums




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The US must act to protect its most vulnerable workers 

Policymakers should use this opportunity to broaden, not trim, health benefits




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Lockdown lifestyle: changing internet habits during the pandemic  

Local news sites are experiencing a resurgence and streaming is more popular than ever




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Has Mad Men lost its mojo?

“The cultural bore of the autumn is the lover of Mad Men.” So wrote FT arts writer Peter Aspden in his weekly culture column, provoking a storm of reader responses – some grateful, others outraged. As it enters a fourth series, has Mad Men made the fatal mistake of falling in love with itself? Is the series losing its sense of time and place, and are the characters becoming stale? We look at Mad Men's plot, historical significance and, crucially, its impact on fashion – the skinny ties, hourglass figures, and excessive drink consumption. Has it influenced our own sense of style? In this week’s arts podcast, FT columnists Peter Aspden, John Lloyd and Nicola Copping are in the studio with arts editor Jan Dalley. Produced by Rob Minto and Griselda Murray Brown  


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Rappers and reality: has hip hop lost touch with its roots?

Hip hop may have started in the Bronx, but today’s rappers are millionaires with business empires that extend way beyond music. Ahead of Jay Z and Kanye West's European tour of their joint album Watch The Throne, Raphael Abraham talks to FT critics Ludovic Hunter-Tilney and Richard Clayton about the evolution and future of rap. With clips from The Sugarhill Gang, Jay Z and Kanye West, Evidence and DJ Shadow. Produced by Griselda Murray Brown  


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The Life of a Song: Every Rose Has Its Thorn

"Every Rose Has Its Thorn" by Poison's Bret Michaels was the last popular flourish of transvestism in rock. Ludovic Hunter-Tilney discovers what inspired the classic power ballad. Credit: Capitol Catalog, Hollywood Records, Kidz Bop, BMB/Poor Boy Records  


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The Hits that Shook the World

In a special episode to mark the publication of The Life of a Song book, FT pop critics Helen Brown, David Cheal and Ludovic Hunter-Tilney debate whether a song can really change the world. Hear the stories behind the hits, from Bowie's 'Starman' to Jay-Z's 'Hard Knock Life (Ghetto Anthem)'.  


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Warnings of unrest mount as outbreak hits food availability

G20 agriculture ministers urge governments not to disrupt global supply chains




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How are your spending habits changing under lockdown? 

Join a live discussion with our FT Money editor at 12pm and 5pm UK time on Wednesday April 8




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Stephanie Kelton: ‘They’re going to have massive deficits. And it’s fine’

The economist has long argued that governments should spend whatever it takes. Has her time now come?




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Why is Britain so disenchanted with its politicians?

Matthew Engel tours Middle England in search of the root of voter disillusionment




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Cricket has started to eat itself

The pursuit of novelty is leading to ever-shorter forms of the game




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Goldman-backed Travelodge under pressure to pay its rent

Landlords reject call for 50% reduction, saying hotel group is using Covid-19 crisis to cut costs




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Brazil’s justice minister quits in blow to Bolsonaro

Sérgio Moro was the face of nation’s long-running ‘Car Wash’ anti-corruption probe




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Brazil’s Bolsonaro rally hits new peak before easing

After reaching intraday record, stocks retreat as new president faces economic challenge




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Election: IFS hits out at lack of credibility in major parties’ manifesto pledges — as it happened

Neither Labour nor the Conservatives have offered a "credible prospectus" for government in the election, the Institute for Fiscal Studies said this morning, in a damning assessment that highlighted the gulf between different political visions for Britain.

Read more




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Inside Samsung’s fight to keep its global supply chain running

Korean electronics group draws on lessons from past epidemics to tackle coronavirus crisis




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Unemployment in US hits postwar high of 14.7%

More than 20m lose their jobs in April as lockdowns choke world’s largest economy




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Mitsotakis surfs wave of optimism in Greece

After years of economic pain, Greece is in an upbeat mood. But can the country’s fresh political leadership overcome deep-seated problems holding back growth? Katie Martin discusses this question with Kerin Hope in Athens and Ben Hall, Europe editor.


Contributors: Katie Martin, capital markets editor, Kerin Hope, Athens correspondent, and Ben Hall, Europe editor. Producers: Persis Love and Fiona Symon

 

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Can electric car pioneer Tesla maintain its momentum?

Shares in Elon Musk’s pioneering electric car company Tesla have skyrocketed. Tom Braithwaite discusses whether the company will be able to maintain its current momentum and hold off competition from traditional carmakers with Jamie Powell and Richard Waters.


Contributors: Tom Braithwaite, companies news editor, Jamie Powell, Alphaville reporter, and Richard Waters, West Coast editor. Producer: Fiona Symon

 

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Republican $1tn plan, Paul Tucker on damage limits

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.


Friday, March 20

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China. 

 

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Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




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France limits nicotine sales after coronavirus study  

Stimulant given as ‘likely’ reason for lower infections but authorities stress health risks




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Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




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Turkey bans FX trades with UBS, Citi and BNP as lira hits record low

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis




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TP ICAP hits record trading volumes from market volatility

UK interdealer broker forecasts low single-digit revenue growth for the year




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Big Oil should rebel against its customers

Energy companies facing climate protests need to limit the wasteful use of their products




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Europe has a problem with its SUV habit

The continent faces a new emissions scandal as family vehicles grow bigger and heavier




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Uranium enters bull market after Covid-19 hits supply

Prices rebound from March lows after miner Kazatomprom slashes production




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Barrick Gold buys 800,000 antibody test kits

Chief executive Mark Bristow says miner has taken lessons on tackling coronavirus from experience of Ebola outbreak




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South Africa to impose its biggest rolling power blackouts

Eskom will remove 6,000 megawatts of demand to avert total collapse of national grid




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Why the cost of protecting directors from lawsuits has soared

Tesla’s decision to buy liability cover from Elon Musk instead of a traditional insurer comes after premiums shot up




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Equalise front-line doctors’ death benefits, says BMA

Some families of medics who die in service will receive higher payouts than others under current rules




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BNP warns coronavirus could dent 2020 profits by a fifth

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




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Virgin Money profits halve as it prepares for surge in bad loans

UK lender is latest to warn coronavirus-induced economic disruption will hit its clients




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Euroclear holds on to its cash ahead of virus downturn

Settlement house delays payout and project to let small shareholders cash out




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Crest Nicholson profits tumble after sales hit by Brexit paralysis

FTSE 250 housebuilder also takes charge for fire safety review after Grenfell tragedy




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Europe’s construction activity collapses as lockdown hits builders

Coronavirus damage to economy drives eurozone investor sentiment to a record low




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Latin America must kick its addiction to oil-powered development

Ambitious plans for renewable energy rarely feature in government strategy




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Bayer faces 5,000 new lawsuits over pesticide cancer claims

Pharma and chemicals group says it will ‘defend itself vigorously’ amid mounting cases