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Africa could take ‘a generation’ to recover from coronavirus, says Kagame 

Rwanda’s president says continent needs at least $100bn in foreign support to weather shock




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Ramaphosa prepares to reopen South African economy gradually

Five-week shutdown to be eased stage by stage according to a series of rolling levels  




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Demographics, economy and death tolls boost Biden in polls

Data give snapshot of shifting battlegrounds ahead of November’s presidential election




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US looks to step up economic action against China

As relations deteriorate over virus, Washington considers curbing supply chains and investment flows




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Second homeowners accused of exploiting loophole to claim virus cash

Politicians say properties are being classed as holiday lets to be eligible for grants




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Child prodigy Tiger Woods becomes the ultimate comeback kid

The holder of this title until now would, for me, have been Muhammad Ali




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Superdrug becomes latest retailer to slash rent payments to landlords

Health and beauty chain cites ‘unprecedented decline’ in footfall




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Economists question BoE’s overly rosy view of V-shaped recovery

Forecast of a quick rebound from crisis without sustaining any persistent damage is disputed




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Mass securitisation as a device for recovery has no economic value

Tweaking pre-pandemic indirect EU subsidies is not the way to rescue struggling businesses




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AB InBev warns of ‘materially worse’ second quarter due to pandemic

Maker of Budweiser and Corona to cut costs by renegotiating contracts such as sponsorship deals




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Can Greece become an economic success story?

Greece’s centre-right New Democracy party has returned to power after defeating the far-left party Syriza at the ballot box on a promise of reviving the economy through tax cuts, reduced bureaucracy and more foreign investment.  Katie Martin discusses the new government and the challenges it is facing with Ben Hall and Kerin Hope.


Contributors: Naomi Rovnick, FT Live reporter, Katie Martin, capital markets editor, Ben Hall, Europe editor, and Kerin Hope, Athens correspondent. Producer: Fiona Symon

 

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Modi economic miracle falls flat

India has gone from being known as the world’s fastest growing large-economy to a country in the midst of a sharp economic slowdown. Jyotsna Singh discusses what’s gone wrong and what can be done to revive growth with Amy Kazmin, the FT’s South Asia bureau chief.


Contributors: Jyotsna Singh, Delhi reporter, and Amy Kazmin, South Asia bureau chief. Producers: Jyotsna Singh and Fiona Symon

 

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Martin Wolf's economics reading list

This selection of economics must-reads from the last six months take on capitalism, inequality, trade, AI, the law and more. Martin Wolf tells Frederick Studemann about the books we should all be reading this winter.


Watch a video of the conversation here.


Contributors: Frederick Studemann, literary editor and Martin Wolf, chief economics commentator. Producer: Persis Love



Photo credits: Viking, Penguin Books, The Centre for International Governance Innovation, John Murray Press, Harvard University Press,Harvard University Asia Center, Transworld Publishers Ltd, Princeton University Press 

 

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The dwindling global telecoms dream

Two decades ago, international telecoms companies came close to dominating a global market. Nowadays however, the vision of a global telecoms company seems to be dwindling. Patricia Nilsson and Nic Fildes discuss why.


Contributors: Patricia Nilsson, media correspondent and Nic Fildes, telecoms correspondent. Producer: Persis Love

 

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Is India becoming a Big Brother state?

Narendra Modi’s Hindu nationalist policies have sparked protests and intercommunity violence across India. Against this backdrop, a proposed data protection bill that will allow his government free rein to spy on its citizens is causing particular concern. Madhumita Murgia discusses the bill with Benjamin Parkin in Mumbai.


Contributors: Madhumita Murgia, European technology correspondent, Benjamin Parkin, Mumbai correspondent. Producers: Persis Love and Fiona Symon

 

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Mexico’s economy shrinks under pressure from coronavirus

Analysts fear government’s timid fiscal response will prolong the pain




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Fauci praises remdesivir after data show it speeds recovery

US-run trial of Gilead coronavirus therapy demonstrates ‘significant positive effect’




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Economic recovery: no favours from savers

British and American consumers are unlikely to ‘spend, spend, spend’ after the lockdowns




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Turkey slashes rates in bid to shore up economy against coronavirus

Eighth consecutive cut could heap fresh pressure on already struggling lira




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Swiss central bank suffers record loss in market rout

First-quarter volatility deals $39bn blow to SNB as it steps up fight for Swiss franc




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Can governments afford the debts piling up to stabilise economies?

Two experts debate the long-term impact on inflation of the Covid-19 rescue packages




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Stablecoins as a collateral sinkhole

There’s a chronic paradox at the heart of stablecoin-based payment systems that will render them cost-prohibitive.




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Turkish lira nears record low after efforts to curb selling

Country’s finance minister seeks to reassure investors on impact of Covid-19




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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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Global economy is at risk from monetary policy black hole

Governments should borrow more to stave off secular stagnation




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Russia’s economic woes will clip Putin’s wings

Pandemic combined with collapsing oil prices spells real hardship




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Markets are out of step with economic reality

Investors are looking to the future, but should beware of over-optimism




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‘Intense’ trading sends exchange volumes to record

Platforms report soaring activity after coronavirus outbreak spooks investors




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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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LVMH has become a luxury department store

Bernard Arnault’s company is the modern incarnation of La Samaritaine and Neiman Marcus




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US executives rush in record numbers to ‘buy the dip’

As the stock market plummeted last month, managers of big companies saw value 




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Wizz Air chief bullish over recovery in air travel

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday




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Ryanair to axe up to 3,000 jobs as it warns over slow recovery

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years




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Shell cuts dividend for first time since second world war

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings




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Saudi Telecom to pay $2.4bn for Vodafone Egypt stake

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




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Angola’s state diamond group seeks global partners to become a top 3 producer

Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry




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Wall Street records first back-to-back gains in over a month

S&P 500 gives back some of its earlier rally as US stimulus package attracts objections on Capitol Hill




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Fernando Pacheco, doctor and cornerman, 1927-2017

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




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LVMH and L’Oréal upbeat on recovery

Luxury and beauty bellwethers predict gradual rebound once coronavirus shutdowns end




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Adidas says lockdown recovery will be ‘gradual rather than instant’

Sportswear maker warns sales could drop as much as 40% in second quarter




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Reckitt posts record sales growth as disinfectant demand surges

Group ramps up production of cleaning and sanitising goods amid coronavirus crisis




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Wall St urges caution as bulls rush into recovery bets

S&P up 23% from March nadir on back of state coronavirus action — but more falls possible, warn analysts




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A chasm between Wall Street and economic winter

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




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On front-loading economic Covid-19 underperformance

Why, from an investment perspective, Covid-19 suppression is the equivalent of kicking the can down the road.




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Hochtief/Dubai hotels: deconstructed

Middle East building downturn that began in 2015 shows little sign of abating




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3D-printed houses could become concrete reality

The technology has significant potential to shake up the construction sector




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Deconstructed Watch: Zenith Chronomaster Revival Shadow

Discovery in Zenith factory attic helps watchmaker claim the first all-black wristwatch title




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Can we tackle both climate change and Covid-19 recovery?

Two experts debate whether shift to low carbon can push forward amid economic stress




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Investors festive as Wall Street’s record streak continues

Key markets simmering during the thin trading sessions around year-end




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Building success in a highly volatile economy

One of Latin America’s top real estate developers puts some of his triumphs down to luck