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Election: Parties back campaigning after London Bridge terror attack — as it happened

The Labour and Conservative parties are making a final push on key issues — border security and rail fares — as the election campaign nears the home stretch. Brexit concerns are also bubbling again.

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Election: Sterling climbs above $1.30 for first time since late October — as it happened

Live coverage of the UK election campaign.

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Election: Johnson hosts world leaders at Nato summit — as it happened

Live coverage of the UK election campaign.

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Election: Brexit party MEPs defect and back Conservative party — as it happened

Live coverage of the UK election campaign.

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Election: Boris Johnson and Jeremy Corbyn face off in final TV debate — as it happened

Boris Johnson and Jeremy Corbyn spar in a televised debate just six days before the general election.

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Election: Traders race to protect against potential drop in UK pound — as it happened

Live coverage of UK election campaign.

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Election: Labour minister calls party’s chances ‘dire’ — as it happened

Live coverage of the UK election campaign.

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Election: Parties make final push as campaign draws to a close — as it happened

Live coverage of the UK election campaign.

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General election 2019: Boris Johnson declares ‘powerful mandate to get Brexit done’ — as it happened

The pound has soared more than 2 per cent in its biggest rise since 2017 after an exit poll has projected a strong victory for Boris Johnson’s Conservative party.

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UK election results: Boris Johnson says he has ‘stonking mandate’ on Brexit — as it happened

The Conservatives secure the biggest majority in parliament since Margaret Thatcher with Labour's 'red wall' crumbling; stocks in London surge while the pound has soared more than 2 per cent in its sharpest rally in nearly three years

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UK election heralds end of austerity

Britain's party leaders have made lavish promises to win favour with voters ahead of next month's election. Chris Giles, FT economics editor, discusses the main parties' pre-election pledges and their likely impact on the economy with Siona Jenkins.


Contributors: Siona Jenkins, editor, UK news, and Chris Giles, economic editor. Producers: Fiona Symon and Persis Love

 

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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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Can electric car pioneer Tesla maintain its momentum?

Shares in Elon Musk’s pioneering electric car company Tesla have skyrocketed. Tom Braithwaite discusses whether the company will be able to maintain its current momentum and hold off competition from traditional carmakers with Jamie Powell and Richard Waters.


Contributors: Tom Braithwaite, companies news editor, Jamie Powell, Alphaville reporter, and Richard Waters, West Coast editor. Producer: Fiona Symon

 

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Britain’s electricity demand falls by a tenth in lockdown

Decline leads to a drop in wholesale prices as businesses close




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Electricity prices slump as businesses close across the US

Shutdowns likely to shift energy use from fossil fuels towards wind and solar




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New York Times: eclectic current

The website this week notched up 240m unique visitors




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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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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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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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North America set for first plant supplying cobalt for electric cars

Glencore-backed First Cobalt to open Canada refinery this year in attempt to cut reliance on China




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Bakken pain reflects long road back for US shale

North Dakota’s oil sector has ‘never been through a downturn like this’




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UK savers give investment funds a boost after election

More than £1bn ploughed into equity vehicles after decisive Conservative victory




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Chinese electric car start-up Nio announces $989m cash injection

Investment in company’s new China entity is led by state-owned enterprises




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Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Adobe details feature roadmap for Photoshop on the iPad, subject selection coming in 2019

Adobe has taken quite a bit of heat for its release of Photoshop on the iPad, mostly because it’s not as feature-complete as a lot of users were hoping, given that this is meant to be a full version of Photoshop on par with the desktop edition on Apple’s tablet OS for the first time. […]




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Photoshop for iPad gains ‘Select Subject’ feature

Adobe’s Photoshop on the iPad got off to a rocky start that doesn’t seem to have left fans of the desktop version very happy, but the company looks intent on incorporating user feedback and releasing meaningful feature updates on a timely basis. Like today, for instance, it’s adding “Select Subject” to the iPad version of […]




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Trump’s re-election would be dangerous for the world

The notion of the west as an alliance with moral foundations would evaporate if the president wins




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VanMoof introduces new S3 and X3 electric bikes

VanMoof is releasing a new generation of its electric bike. In many ways, the VanMoof S3 and its smaller version the VanMoof X3 are refined versions of the VanMoof Electrified S2 and X2. It features an updated motor, hydraulic brakes and a familiar design. If you’re not familiar with VanMoof bikes, the company has been […]




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Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Apple awards $10 million to rapidly scale COVID-19 sample collection kit production

Apple has awarded $10 million from its Advanced Manufacturing Fund to COPAN Diagnostics, a company focused on producing sample collection kits for testing COVID-19 to hospitals in the U.S. The money comes from the fund that Apple established to support the development and growth of U.S.-based manufacturing, but is particularly notable because to date, the […]




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Nintendo collects lockdown power-up as sales shift online

Jump in downloads helps Japanese video game group score 41% rise in profit




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UK election will not settle Brexit

Fundamental questions about the country’s direction will remain unanswered




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Schneider Electric warns of €300m hit from coronavirus

French group braced for revenue losses this quarter despite reopening most of its China factories




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GM to boost electric car investment after battery breakthrough

US carmaker raises spending on EV and autonomous vehicles to $20bn by 2025




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Coronavirus puts electric carmakers on alert over lithium supplies

Battery maker Livent says industry is looking to diversify away from China




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VW still aiming for ID.3 electric car rollout by August

Group faces large fines if it fails to sell enough battery-powered vehicles in 2020




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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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DDG Wolff: “The time now is for action rather than reflection”

In remarks delivered to a virtual meeting on 7 May hosted by the Foreign Trade Authority of Saudi Arabia, Deputy Director-General Alan Wolff said governments must step up international cooperation to respond to the challenges of the COVID-19 pandemic. For the multilateral trading system, this includes addressing measures to deal with the global health emergency, cooperation to support the needed economic recovery, and assuring the system is more resilient and effective in underwriting future global economic growth. DDG Wolff’s remarks are below




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Goldman Sachs backs electric toothbrush startup Burst Oral Care

Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Although we don’t know the amount of the round, the Series C was led by Goldman Sachs Growth Equity, and Burst says it more than doubled the valuation […]




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U.S. electricity fuel mix continues to shift

The U.S. Energy Information Administration reported continuing changes to the fuel mix for U.S. electricity generation. Over the past decade, the share of U.S. electricity generation supplied by natural gas-fired power plants increased from 23% of total generation in 2010 to an estimated 37% in 2019. This increase was offset by a reduction in the share of generation from coal-fired power plants from 46% in 2010 to an estimated 24% in 2019. EIA expects the share of coal generation to continue its decline to 21% in 2020, while natural gas's share of generation stabilize between 37% and 38% in 2020 and 2021 as renewable energy sources continue to gain market share. In its January Short-Term Energy Outlook, EIA estimated that the expected share of generation from renewable sources will increase from 17% in 2019 to 19% this year and to 22% in 2021. The increase in the renewables share is the result of an increase in electricity generation from wind and solar. The share of generation from hydropower is expected to remain the same through 2021.




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U.S. total electricity generation expected to decline in 2020

In its April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that U.S. electricity generation will decline by 3% in 2020 as a result of the COVID-19 related economic slowdown. Most new generating capacity built in 2020 will use renewable energy sources. EIA expects renewable generation to grow by 11% in 2020. Although EIA expects renewable energy to be the fastest growing source of U.S. electric generation in 2020, the economic slowdown will reduce the total amount of new generating capacity over the next few months. The electric power sector will add 19.4 gigawatts of new wind capacity and 12.6 gigawatts of utility-scale solar capacity in 2020. These annual wind and solar capacity additions are 5% and 10% less, respectively, than EIA forecast in its March outlook. This update combined with EIA's forecast lower overall electricity demand, leads to a decline in U.S. fossil fuel generation, especially at coal-fired power plants. EIA expects that coal generation will fall by 20% in 2020.




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Goldman Sachs backs electric toothbrush startup Burst Oral Care

Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has raised a Series C of undisclosed size. Although we don’t know the amount of the round, the Series C was led by Goldman Sachs Growth Equity, and Burst says it more than doubled the valuation […]




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Daily electricity demand in New York falls about 13% after COVID-19 mitigation efforts

Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily, weekday electricity demand in New York state to decrease by 11%–14% in March and April compared with expected demand, after accounting for seasonal temperature changes. Electricity demand changes in New York state and in New York City, in particular, have been more pronounced than in other parts of the country, which may partly be caused by differences in electricity consumption across regions and the varying effects of COVID-19 mitigation efforts on these sectors.




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Daily electricity demand impacts from COVID-19 mitigation efforts differ by region

Recent business shutdowns and changes to normal routines related to mitigation efforts for the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in the central region of the United States to decrease by 9%�13% in March and April compared with expected demand, after accounting for seasonal temperature changes. This decrease is similar to declines seen in New York. In contrast, other areas of the country, such as Florida, have not experienced significant changes, which may partly be caused by regional differences in how much electricity each end-use sector consumes and the varying effects of COVID-19 mitigation efforts on the sectors.




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Jamie Durie says lockdown is the perfect time for 'forced meditation' and reflection

House Rules: High Stakes host Jamie Durie is encouraging Australians to use lockdown as a chance to reflect on life amid the coronavirus pandemic.




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LIGUE 1 GAMEWEEK 14 PREVIEW: Tuchel has a selection headache after Neymar return

LIGUE 1 PREVIEW: Thomas Tuchel will have spent most of this international break with a headache. There's a nagging problem on the horizon - but one any manager would want.




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Johnny Galecki, 44, and Alaina Meyer, 21, have baby boy

The 44-year-old Big Bang Theory star shared the news with his fans on Instagram on Wednesday along with a picture of the trio holding hands.




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Katie Price shares snap of her lounging in the bath as she 'reflects in style on a difficult year'

The former glamour model, 41, appeared to be relaxed as she held onto a glass of champagne and posed nude in the bathroom on Saturday.




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Demi Lovato announces she's releasing her capsule collection with Fabletics

On Tuesday, Demi Lovato announced after much thought and reflection, she is releasing her new Fabletics capsule collection to help inspire others while also raising money for Covid-19 fund.




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Serena Williams reflects on the reality of being a working mom: 'I am often exhausted, stressed'

The tennis star - who has two-year-old daughter Alexis Olympia with her husband Alexis Ohanian - admits it can be tough raising a little girl and focusing on her day job too.