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Architect of Sweden’s no-lockdown strategy insists it will pay off

Epidemiologist Anders Tegnell says other countries could face big ‘second wave’




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United Airlines abandons $2.25bn bond offering

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




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Coronavirus tracked: the latest figures as countries fight to contain the pandemic

The FT analyses the scale of outbreaks and the number of deaths around the world




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Credit risk inside the hall of mirrors

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




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Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




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The dangers of cramped coronavirus hotspots

Singapore’s second wave of infections and US meat packers offer cautionary tales




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ETFs have proved critics wrong during the crisis

Popular funds have survived a period of intense market stress




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Finding a Covid-19 vaccine needs a global effort

Countries should avoid turning to nationalism and share the burdens




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The class of 2020 need help to start their careers

New workers could suffer the scarring effects of lockdown for decades




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Airbus is ‘bleeding cash’, says chief executive

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence




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Airbus: braced for impact

The pandemic has made airlines reluctant or unable to accept new jets




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Coronavirus: Trump in new push to expand testing — as it happened




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Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money




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FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

Paper released by UK regulators homes in on tactic known as latency arbitrage




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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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Neiman Marcus creditor eyes online business in bankruptcy fight

Hedge fund calls for court investigation into 2018 transfer of MyTheresa




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Business in Hong Kong needs to stay strong

Beijing wants to make companies impose obedience to China on protesting employees




ed

The trends that shaped a decade of domestic life

From high-tech to hygge, our homes changed at top speed in the 2010s — what will the 2020s bring?




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Stockpickers failed to take ‘big chance’ in market rout

Rise of volatility and dispersion was supposed to bring a change of fortunes versus passive




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Sanjeev Gupta pledges to invest €2bn as part of emissions fight

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




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Vedanta presses on with plan to double oil production

Group’s founder Anil Agarwal undeterred by price crash and debt levels




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Vedanta chief executive resigns 

Departure comes just weeks after Moody’s cut miner’s rating to junk




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Lufthansa considers filing for creditor protection as aid talks stall

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions




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United Airlines prepares to cut workforce to reduce cash burn

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions




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‘Too hard to tell’ if US travel ban will be lifted this year, says Mnuchin

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale




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Hedge fund rules make financial system fragile

Charging 2 per cent to hold assets when returns are low is wrong, writes Sebastian Mallaby




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Shortsighted complaints on short-termism

Shareholders’ incentives can make them more long-termist than company managers




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UK Budget can slay the pessimism that fed populism

If stimulus is well targeted, Boris Johnson’s government may achieve something of elegance




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Vested interests are dragging South Africa down

Cyril Ramaphosa will be loath to take on the people who helped him to the ANC presidency




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Vodafone targets Africa’s unbanked with plans for M-Pesa

Telecoms group seeks to turn mobile payments unit into provider of wider services




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Global firms under scrutiny in Isabel dos Santos alleged corruption leak

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire




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Portuguese banker named in dos Santos probe found dead

Suspected suicide comes as Angolan billionaire indicted for money laundering




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Anglo American ‘encouraged’ by South African move to loosen currency controls

Restrictions have hampered miner’s ability to move money out of the country




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African health officials warn of chronic medical shortages

Central African Republic has just three ventilators for its 5m people




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UAE groups implicated in suspected violation of Libyan arms embargo 

Two Gulf companies shipped jet fuel to renegade general Khalifa Haftar, documents show




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Dow enters bear market as pandemic declared

Investors fret over the level of economic stimulus Washington is likely to provide




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Evictions ban aims to help tenants in rented homes

Emergency move to prevent people being thrown out because of virus




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2.7m properties dragged into higher stamp duty band 

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




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Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




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Banks say Fed rescue threatens mortgage hedging strategies 

Regulatory action sought to prevent intervention from having unintended consequences




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Fannie and Freddie could need bailout if lockdown lasts

Regulator says US mortgage guarantors have sufficient resources for about 12 weeks




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UK tenants pay less than half owed in rent

Many decide to hold on to cash, triggering disputes with landlords in commercial and residential sectors




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




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Few precedents for grim US jobless numbers

Economists look back to the Great Depression for clues on the scale of the economic crisis




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Coronavirus latest: Spain’s Sánchez urges caution as lockdown is eased




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Governments should backstop trade credit

As corporate insolvencies soar and firms try to hang on to their cash as long as possible, expect to hear a lot more about trade credit insurance.




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Insurers are starting to pull trade credit protection 

Euler Hermes has written to some brokers, saying it will offer less support in the UK if the government does not agree to backstop trade credit insurers. 




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Hiscox/Covid-19 cover: red flag

If the courts rule against the UK-listed insurer, there will be a fresh flood of claims




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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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The detective work required to ease lockdown

We need more and better surveys from across the globe to help us take the right course