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Coronavirus: Pence aide tests positive for Covid-19 — as it happened

Germany's dominant export sector in record decline, South Korea may be forced to close bars and nightclubs after partygoer is found to have infected at least 14 people

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China close to abandoning ChemChina and Sinochem merger

Deal to create one of world’s biggest chemicals groups beset by management clashes




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Sirius more attractive than BHP’s Jansen, says Anglo CEO

Mark Cutifani says polyhalite a ‘very differentiated’ product to potash




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BASF warns of ‘significant impact’ from coronavirus

German chemicals group blames Brexit and trade tensions for earnings fall




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Countingup scores £4M bridge round for its small business banking and accounting app

Countingup, the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures. Founded by Tim Fouracre, who previously founded cloud accounting software Clear Books, and now boasting 20,000 business customers, Countingup’s long term vision […]




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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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US rescue must be transparent, consistent and fast

Taxpayers ought to receive a share of the upside after big business recovers




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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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Big data shows Covid-19 reshaping ESG; UN PRI’s long-term crisis plan; sustainable funds stand tall

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




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Covid-19 to boost worker pay; Soros chips in; BRT sinners; Shell’s carbon pledge

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




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Exclusive: Shake Shack CEO talks bailout failings; climate chaos ahead for mortgage market; EU green plans charge forward




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Public trust in CEOs ‘evaporates’; building back better with UK social housing; EM green bonds take off

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




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Facebook stock spikes despite ‘significant reduction’ in demand for ads

The coronavirus pandemic is significantly slowing the growth of Facebook’s ads business, but investors seem pleased with the company’s performance in Q1 after Facebook released its earnings report Wednesday. The company beat Wall Street expectations on revenues, sharing that they had made $17.74 billion while falling short on earnings per share at $1.71. The company […]




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Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million in fresh capital at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the […]




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Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […]




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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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Facebook’s redesign goes live with simplified navigation and dark mode

After months of testing, Facebook’s redesign is finally official. Announced last year at F8, the more minimalist approach to its desktop design has been rolled out in waves. In March, the company added an option to try out the new version. Users could switch back and leave feedback for why they had done so. This […]




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Lagarde must resist pressure on inflation target

The new president should ensure governments grasp the interaction of fiscal and monetary policy




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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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How the next euro crisis could unfold

What if Italy cannot service its debt and a future government is tempted to default?




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Ingram Pinn’s illustration of the week: Emergency emissions

COP25 attempts to confront climate change




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Pinn’s illustration of the week: Transition

Boris Johnson rules out trade deal extension




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Bird is testing Bird Pay, which lets users purchase items from local businesses using its main app

Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them). Bird today announced the launch of Bird Pay, a service that will let people use its app to purchase items from local participating businesses alongside renting scooters. The service […]




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Online printing site Doxzoo exposed thousands of customer files

Doxzoo proudly says on its website that your “documents are in safe hands.” But for some time, that wasn’t true. The U.K. printing company left its customer files on a cloud storage bucket, hosted on Amazon Web Services, without a password. Anyone who knew the easy-to-guess bucket name could access the massive trove of customer […]




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Samsung earnings guidance stays upbeat despite global macro crisis

Samsung overnight released its earnings guidance for the first quarter of 2020, stating that it expected sales of $45.4 billion and an operating profit of roughly $5.3 billion. The company’s fiscal year is aligned to the standard calendar year, and it will announce official earnings results on April 23. Those numbers are slightly up from […]




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Dribbble, a bootstrapped ‘LinkedIn’ for designers, acquires Creative Market, grows to 12M users

Traditionally dominated by big players like Adobe and Autodesk, the world of design has been flush with a newer wave of startups that are creating collaboration spaces and new cloud-based tools designed to address the needs of creatives. Today, two of those players are combining. Dribbble, an online community for designers that lets them post […]




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Intel to buy smart urban transit startup Moovit for $1B to boost its autonomous car division

Some big M&A is afoot in Israel in the world of smart transportation. According to multiple reports and sources that have contacted TechCrunch, chip giant Intel is in the final stages of a deal to acquire Moovit, a startup that applies AI and big data analytics to track traffic and provide transit recommendations to some […]




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Sinch acquires SAP’s Digital Interconnect messaging business for $250M

M&A activity has generally slowed down in the weeks since the novel coronavirus took a grip on the world, but there have been some pockets of activity in the tech industry when the price is right or when the divestment/acquisition just makes sense. The world of messaging brings us the latest development in that theme: SAP, […]




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Bosch warns of ‘significantly’ steep recession for auto industry

Volkswagen and Daimler report billions of dollars in lost profits due to impact of coronavirus




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Why the coronavirus crisis won’t mark a peak in oil demand

Transport demand will rebound while the pandemic will reboot the use of plastics




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EA games on PS4 and Xbox One could be ‘upgraded free’ to next-gen console versions

2020 and 2021 will be one of the periodic transitional eras in gaming as Sony and Microsoft debut their shiny new consoles, the PlayStation 5 and Xbox Series X. To ease the process (and spur adoption of the next generation), EA may make its upcoming titles free to “upgrade” to your chosen console. On an […]




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Dtex, a specialist in insider threat cybersecurity, raises $17.5M

A lot of enterprise cybersecurity efforts focus on malicious hackers that work on behalf of larger organizations, be they criminal groups or state actors — and for good reason, since the majority of incidents these days come from phishing and other malicious techniques that originate outside the enterprise itself. But there has also been a […]




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Sentiment congeals in a slow simmer

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




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S&P 500 resilience: weakened by coronavirus

A series of big bankruptcies is unlikely but debt workouts will slow economic recovery




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Tech stock rally turns Nasdaq positive for the year

Equities rise but some Treasury yields hit record lows as investors weigh economic outlook




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The next round of Covid-19 fundraisings will not be as smooth

Contrary to some fears, equity calls on the London market have been relatively orderly




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US on track for worst corporate quarter since financial crisis

Impact of lockdown weighs on company earnings but stock markets look for optimism




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A rebranded and updated version of CBS All Access will launch this summer

A rebranded and expanded version of the CBS All Access streaming service will arrive this summer, ViacomCBS announced this morning. The service, now run by ViacomCBS following the merger, today offers a mix of live TV, on-demand video, original programming, streaming news, local broadcast stations and sports. Now the company is accelerating its plan to […]




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Trader: Silver

I suggested on October 23 – when silver was trading at around $23.50 – that $31.75 was one obvious place for its next sell-off to begin




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Silver can offer more bang for your buck

Metal offers protection from sledgehammer approach to quantitative easing




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What are the tax implications of selling half my flat to my younger sister?

I own a flat in London but I am looking to buy a house further out and commute every day




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How can I prepare for business tax changes?

I employ 10 people and also own a couple of buy-to-let properties




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How can I manage the succession of our family business? 

My mother has early onset dementia and her health is deteriorating rapidly




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Am I responsible for paying my landlord’s tax bill? 

HMRC’s letter says I might have to withhold tax from my rent 




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Can I get a bargain on a classic car at auction?

Now that I’ve retired, I want to buy my first collector’s car




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A security expert says India’s contact-tracing app has flaws; New Delhi says they are ‘by design’

The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher Baptiste Robert found what he […]




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Marx, Gramsci and strikes: life at Tony Benn University

Thinking up the most leftwing ideas imaginable is tricky when several were in the last Labour manifesto




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Coronavirus cops: TV police shows for the crisis

With police enforcing the lockdown, it may mean new roles for some old telly favourites




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Can Matt Hancock’s 5-point plan solve the testing crisis?

Health secretary pledges to increase tests to 100,000 a day in England by enlisting big companies and private labs




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UK parliament has been shamefully missing in this crisis

Democratic politics functions on the premise that accountability improves outcomes