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UK set to bail out cities’ train and tram networks

London Underground and other locally run services were excluded from previous coronavirus aid packages




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Local authorities say multimillion-pound light rail deal not enough

Support for five networks around England follows coronavirus rescue packages for bus and train sectors




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Norwegian investors back debt-for-equity swap to unlock rescue

Airline’s shareholders support plan to gain state-backed loan guarantees in move to avoid bankruptcy




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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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Barclay family hired ex-police chief’s firm to bug Ritz hotel

Court hears claim in lawsuit that has laid bare feud over media, retail and hospitality empire




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Should super-apps share the spoils with restaurants?

In China, a shrinking bottom line has intensified the already tense affair of splitting profits




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Revolut is the most hyped fintech in Europe. Can it grow up?

The company wants to upend banking but the need to mature is more urgent than ever




it

Test your gastronomic knowledge with our food quiz

There are 30 brain teasers, including which restaurant’s menu featured the Egg Bender?




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When AI takes on Eurovision: can a computer write a hit song?

Bizarre lyrics, atonal melodies and a ‘koala synth’; Nic Fildes enters the world of algorithm-inspired Europop




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NHS was days away from running out of vital protective kit

Documents seen by FT show demand for face masks and aprons was close to outstripping national supplies




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How testing fiasco exposed Britain’s flawed virus response

Boris Johnson’s government was focused on Budget and Brexit — until disease took a grip




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Pandemic accelerates shift to meat substitutes

Plant-based alternative sales jump 200 per cent in US amid slaughterhouse closures




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Lockdown lunches: how to make delicious fresh pasta with a rolling pin

No pasta machine? No problem. Tim Hayward shows Daniel Garrahan how to make it by hand - just like nonna




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PepsiCo’s food and drink combo serves it well in lockdown snacking surge

Sales rise but company warns revenues will decline as bar and restaurant closures hit beverages




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Illycaffè expects coronavirus hit to revenues despite online boost

Lockdowns and restrictions set to halt Italian coffee maker’s 17-year growth trajectory




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Opposition rises to exit package for ex-McDonald’s chief

Steve Easterbrook lost his job after relationship with colleague but kept stock options




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Plant-based burgers to compete with real meat prices

Beyond Meat and Impossible Foods spy retail opportunities as meat industry struggles with virus




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Beyond Meat’s profit-driven pricing power

Even without scale, the fake meat industry is challenging the economics of its blood and guts rivals.




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UBS's 'Swinegate', Deutsche's bad bank and Facebook's digital currency

Patrick Jenkins and guests discuss UBS's cultural faux pas in China, Deutsche Bank's plan to set up a 'bad bank' and Facebook's bid to shake up the payments world. With special guest Jan Kvarnström, bank restructuring expert.  


Contributors: Patrick Jenkins, financial editor, Don Weinland, Beijing financial correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

 

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Insider trading trial, HSBC and Huawei and Credit Suisse tax dispute

Patrick Jenkins discusses the Financial Conduct Authority's latest insider trading case and what it tells us about how market abuses are being tackled, why HSBC is on the defensive in China, and why Credit Suisse is suing the UK tax authorities.With special guest Mark Steward, Director of Enforcement and Market Oversight for the Financial Conduct Authority.


Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, David Crow, banking editor, and James Kynge, global China editor. Producer: Fiona Symon

 

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Deutsche Bank overhaul, Orcel's Santander lawsuit and Dublin's banking ambitions

Patrick Jenkins and guests discuss Deutsche Bank's radical overhaul, Andrea Orcel's lawsuit against Santander and Ireland's plans to expand Dublin as a financial centre. With special guest Michael D'Arcy, Irish financial services minister.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt financial correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Citigroup results, Standard Chartered's pay revolt and money laundering outlook

Patrick Jenkins and guests discuss what Citigroup's results tell us about the US bank earnings season, Standard Chartered chief Bill Winters' defiant response to investor criticism of his pay packet, and how banks are tackling the problem of money laundering, With special guest Brandon Daniels of Exiger 


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

 

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Deutsche Bank overhaul, challenger banks and Citigroup

Patrick Jenkins and guests discuss how the overhaul at Deutsche Bank is going, catch up with the challenges facing challenger banks and look at why Citigroup is coming under pressure to restructure. With special guest Mark Mullen, chief executive of Atom Bank


Contributors: Patrick Jenkins, financial editor, Stephen Morris, European banking correspondent, David Crow, banking editor, Nick Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producers: Andrew Georgiades and Fiona Symon

 

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Facebook's Libra, UK digital banks and JPMorgan metals traders charged

Patrick Jenkins and guests discuss Facebook's recent talks with the world's central bankers on its plans for a digital currency, whether the UK's challenger banks can maintain their astonishing rate of expansion, and a potential scandal at JPMorgan as three of its metals traders are charged with market manipulation. With special guest Tom Merry, managing director at Accenture Strategy.


All FT stories will be free to read on Wednesday September 18th when there will be a paywall freeze. Here are some recommendations to get you started:

ECB prepared to cut rates again, says its chief economist

Swedbank admits to money-laundering failings

https://www.ft.com/content/c65b32d8-d648-11e9-a0bd-ab8ec6435630


Contributors: Patrick Jenkins, financial editor, Mehreen Khan, Brussels correspondent, Nicholas Megaw, retail banking correspondent, and Henry Sanderson, commodities correspondent. Producer: Fiona Symon

 

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Credit Suisse scandal, Wells Fargo's new chief and ECB interest rate policy

David Crow and guests discuss the scandal that has engulfed Credit Suisse, including the apparent suicide of a security consultant involved in a corporate espionage operation for the bank, US bank Wells Fargo's new chief executive, and the merits of the European Central Bank's interest rate policy. With special guest Jean Pierre Mustier, president of the European Banking Federation and chief executive of Italian bank UniCredit.


Contributors: David Crow, Banking editor, Sam Jones, correspondent in Zurich, Laura Noonan, US banking editor, and Patrick Jenkins, financial editor. Producer: Fiona Symon

 

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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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StanChart pay row, Citigroup on Brexit and Facebook's Libra

David Crow and guests discuss Standard Chartered chief Bill Winters' 'voluntary' pay cut after a dispute over his pension allowance, Citigroup's confidence in the City of London regardless of the outcome of Brexit, and gathering clouds for Facebook's much hyped digital currency, Libra. With special guest David Livingstone, chief executive of Citigroup in Europe, the Middle East and Africa.


Contributors: David Crow, banking editor, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Google eyes Citigroup for new banking venture

Patrick Jenkins and guests discuss Google's move towards banking that could see it team up with Citigroup, why Australia's big four are facing difficult times and what's in the report on TSB's software failure last year. With special guest Masha Cilliers, Specialist Payments Partner at Be.


Contributors: Patrick Jenkins, financial editor, Tim Bradshaw, global tech correspondent, Robert Armstrong, chief editorial writer, Jamie Smyth, Australia correspondent and Nicholas Megaw, retail banking correspondent. Producers: Persis Love and Aimee Keane.

 

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Bank capital rules, peer-to-peer lenders and Goldman for the masses

Patrick Jenkins and guests discuss whether regulators are easing up on bank capital rules, tough times for UK peer-to-peer lenders, and why Goldman Sachs is planning to bring wealth management to the masses. With special guest Harald Benink, professor of banking and finance at Tilburg University in the Netherlands.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Nicholas Megaw, retail banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Britain's Brexit gambit, Thiam ouster

Matthew Vincent and guests discuss revelations about the UK's opening gambit in seeking a deal on 'equivalence' with the EU, Tidjane Thiam's ouster from Credit Suisse, HSBC's delay in choosing a permanent chief executive, and challenger bank Starling's fund raising. With special guest Ann Boden, chief executive of Starling Bank.


Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking correspondent, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon

 

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Yemen ceasefire announced by Saudi-led coalition

Move in response to UN call to focus on preventing Covid-19 outbreak in war-torn country




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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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Netanyahu strikes deal with Gantz to head unity government

Israeli leader returns for fifth term as prime minister as head of emergency coalition 




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How Israel’s Netanyahu secured his political survival

Shock unity deal with rival Benny Gantz delivers prime minister a record fifth term




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Ramadan under coronavirus: ‘It will be bittersweet’

Most mosques shuttered and gatherings banned as Islamic world prepares for holy month




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Egyptian opposition calls for probe into death of film-maker

Shady Habash died in prison aged 22 and had been held without trial for two years




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With prom cancelled, students mourn a missed milestone

Teens who don’t want to miss the rite of passage are dressing up for leavers’ balls on TikTok




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My favourite dress is everywhere. Should I care?

Helen Barrett discovered the perfect ‘austere but dramatic’ dress from The Vampire’s Wife. Then came the celebrities




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The pitfalls of dressing for ‘virtual parliament’

The suits, the soft furnishings: a revealing glimpse of our MPs’ style choices




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Fashion writers’ recommendations for lockdown reading

Books that give creative inspiration and comfort during isolation




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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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How city-dwellers are dressing in lockdown

Street style is changing, with baggy shapes and Birkenstocks replacing tailored outfits




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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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Precarity, not inequality is what ails the 99%

Our predicament is that wealth has become the only apparent source of safety




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​Waiting is the hardest part

US students and institutions of higher learning are facing uncertain futures




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For-profit US care homes ‘decimated’ by coronavirus

Rising number of low-paid staff are contracting Covid-19 or leaving posts as death toll mounts




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Premature US reopening plays Russian roulette with workers

The less well-off will be the most exposed to Covid-19 infection




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US House passes 2-year budget deal despite Republican opposition

Agreement raises spending by $320bn but has limited offsetting budget cuts




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Coronavirus: Dollar stores, Clorox make shortlist of stock winners amid rout — as it happened




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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