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Rana Foroohar on the trillion dollar fightback, Biden sweep

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. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

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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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Dollar’s long-term prospects turn gloomy, say analysts

Interest rate cuts and massive fiscal stimulus are expected to weigh on the greenback




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Fund managers push LSE for shorter trading hours

Eight-and-a-half-hour day is needlessly long, say customers




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The Anarchy — East India Company in the dock

This riveting account of how a piratical corporation subjugated India resonates with today’s global capitalism




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Chasing wealth managers is a risky business

Private banks are fighting to advise billionaires who want a lot for their money




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BA job cuts: peanut analogy

One year saving for airline would be just 5 per cent of ex-fuel operating costs




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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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Tokyo stock price fall reflects virus threat to Olympics, say analysts

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off




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Managing retirement income in a crisis

Those in pensions drawdown are at risk of  pound cost ravaging




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New Sipp dealing account has no annual management fee

New Sipp dealing account has no annual management fee




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Avast’s rotten week is a lesson in crisis management

Shares in security software maker dropped sharply after revelations of data harvesting




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Where the fund manager consolidation narrative goes wrong

Optimism, not pessimism, could spark future takeover offers for UK investment houses




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Simple rules for managing your money

Learning how to budget is a vital skill to master at the beginning of a career




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Kairn is a new task manager focused on speed

Meet Kairn, a new startup coming out of stealth today with a sneak peek of what the company has been working on. As Wunderlist shuts down, Kairn wants to prove that there’s still room for an innovative task-management service. “We’re building a task manager that is smart and focused on capturing tasks,” co-founder and CEO […]




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Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]




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Europe is still in thrall to the analogue mindset

The EU is culpably complacent about the challenges of the digital age




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SkyCell raises $62M for smart containers and analytics to transport pharmaceuticals

While human travel has become severely restricted in recent months, the movement of goods has remained a constant priority — and in some cases, has become even more urgent. Today, a startup out of Switzerland that builds hardware and operates a logistics network designed to transport one item in particular — pharmaceuticals — is announcing […]




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Shopify’s swift ascent stirs talk of Canadian ‘curse’

Online retailer hopes to avoid fate of non-banks whose value surpassed country’s biggest lender




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Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]




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Fund managers back equities for 2012

What the experts are forecasting for next year




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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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Wealth management could soon cost less than you’d think

Costs are falling — but it still looks far more expensive than it should




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Monetary financing demands sober management

It is simply another policy tool, neither the royal road to hyperinflation nor a cure-all




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Google Podcasts finally gets listener analytics

For all of its strengths, Google hasn’t exactly led the way in podcasting. After years of letting third-party developers dominate the category on Play, the company finally introduced its own Podcasts app. Since then, however, it’s been largely eclipsed by Spotify as second place to Apple’s longstanding efforts. Google Podcasts is finally available on iOS […]




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Locatee raises $4M Series A for its workplace analytics platform

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]




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HSBC seeks to remove management of ZenRock Trading

Banks try to limit fallout from collapse of Singapore commodities trader Hin Leong




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Cannabis Startup Meadow Unveils A Platform For Dispensaries To Manage Orders, Patient Intake

With California on a precipice of a ballot initiative next year that could legalize marijuana recreationally, scores of cannabis startups are vying to capture what is the nation’s largest market in advance of such a big regulatory change. Meadow, a Y Combinator-backed startup, was one of the earlier ones with an ordering and delivery service […]




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Locatee raises $4M Series A for its workplace analytics platform

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]




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Owkin raises $25 million as it builds a secure network for healthcare analysis and research

Imagine a model of collaborative research and development among hospitals, pharmaceutical companies, universities and other research institutions where no one shared any actual data. That’s the dream of the new New York-based startup Owkin, which has raised $25 million in fresh financing from investors, including Bpifrance Large Venture, Cathay Innovation and MACSF (the French Pension […]




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Private equity managers rebuked over slashing US doctor pay

Row escalates between Elizabeth Warren, Blackstone and KKR after coronavirus crisis prompts cuts




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EV fleet management gets another venture-backed contender as Electriphi raises $3.5 million

Electriphi, a provider of charging management and fleet monitoring software for electric vehicles, has joined the scrum of startups looking to provide services to the growing number of electric vehicle fleets in the U.S. The San Francisco-based company has just raised $3.5 million in seed funding from investors, including Wireframe Ventures, the Urban Innovation Fund […]




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Panasonic is ending its solar cell partnership with Tesla

Panasonic said it will stop producing solar cells and modules at Tesla’s factory in Buffalo, N.Y., ending a four-year joint venture with the electric automaker.  Nikkei Asian Review was the first to report that Panasonic planned to end its production agreement with Tesla . Panasonic has since issued an announcement to explain its decision. Tesla […]




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Operations Research Analyst - GS 9-13

Announcement Number: TN-20-EI-00898-DE
Closing Date: 07 May 2020




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Canada gives CAD 450,000 to help developing countries take part in farm trade

The government of Canada contributed CAD 450,000 (just over CHF 300,000) in 2020 to help developing countries and least-developed countries (LDCs) comply with international food safety, animal and plant health standards, with the aim of increasing their access to agricultural markets.




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Canada donates CAD 90,000 to help developing countries participate in international trade

Canada has contributed over CAD 90,000 (approximately CHF 60,000) in 2020 to enhance the trading capacities of developing countries and least-developed countries (LDCs). This donation to the WTO’s DDA Global Trust Fund will finance training workshops and seminars for government officials, with the aim of deepening their understanding of current trade issues and challenges and improving their negotiating skill-set.





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Big City thinking needs Big City analytics: Identifying Sydney's Centres of Gravity - 7 Apr

Greater Sydney generates 23% of the Nation's GDP and will be a city of 8 million, up from 4 million, in the next 40 years.




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No Sacred Cows or Panaceas In Tax Reform - 29 May

The needs of all Australians - affordable housing, a secure job, a decent education for their children, a good health system and a comfortable retirement - will not be met if we don't achieve major tax reform.




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Managing Partner Tom Seymour's remarks at PwC Tax Reform Forum in Melbourne - 15 Jul

At PwC we have put significant effort into generating a national conversation about Australia's tax system and the need to improve it.




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Firefox gets a better password manager

Mozilla today launched version 76 of its Firefox browser, and with that, it’s launching a couple of new features that you’ll likely notice if you’re already using the open-source browser. The highlight of today’s release is the enhanced password manager. Firefox Lockwise, as it is called these days, will now ask you for your device […]




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Locatee raises $4M Series A for its workplace analytics platform

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]




ana

Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]





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How One Entrepreneur's Bamboo Bikes Are Changing Lives (and the Environment) in Ghana

Jessica Abo sits down with the CEO and founder of Ghana Bamboo Bikes Initiative.




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NTAs 2020: Montana Brown leaves little to the imagination

Montana Brown certainly didn't disappoint when she attended the National Television Awards 2020 at London's O2 Arena on Tuesday night, donning a daring dress for the occasion.




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Brazil boss Tite admits his side can manage without Neymar

The 28-year-old has already made over 100 international appearances, helping his country win the Confederations Cup and an Olympic gold on home turf, but Tite says he is not the be-all and end-all.




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Caroline Flack's manager shares video of her lip synching

Caroline Flack's manager Nathan Smith has shared a heartbreaking video of the late TV star on Instagram, five days after she passed away. 




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Reese Witherspoon is SHOCKED as Miley Cyrus reveals Big Little Lies home is same as Hannah Montana's

The 27-year-old Wrecking Ball hitmaker shocked the 44-year-old actress with the news during the live webcast of her online Instagram Live chat show titled Bright MInds.




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Miley Cyrus tells Hilary Duff she auditioned for Hannah Montana 'to copy you no matter what'

On her Instagram Live show Bright Minds, Miley Cyrus, 27, told Hilary Duff, 32, this Wednesday that she only bothered auditioning for Hannah Montana 'to copy you no matter what.'