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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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UK and Irish help for Trump Organization probed by Democrats

The US president holds ownership interests in golf resorts in Scotland and Ireland




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UK draws up plans to bypass strike-prone port of Calais

Brexit and coronavirus have prompted drive for improving trade resilience




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What the Sotheby's sale means for art market transparency

Sotheby’s has gone under the hammer for $3.7bn ending 31 years of public ownership, with the venerable auction house sold to Patrick Drahi, billionaire founder of the European telecoms group Altice. Arash Massoudi discusses the sale and what it means for the art market with Harriet Agnew and Melanie Gerlis.


Contributors: Suzanne Blumsom, executive editor, Arash Massoudi, corporate finance and deals editor, Harriet Agnew, FT Paris correspondent, and Melanie Gerlis, FT art market columnist. Producer: Fiona Symon

 

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K-pop: shaped by fans and shaken by scandals

K-Pop has never been more popular. However, a recent string of high profile controversies including a rape conviction and two suicides have sullied the image of the Korean cultural export. Edward White talks to Patricia Nilsson about what makes a K-Pop star, why the singers are under so much pressure, and what the industry means to the country’s economy.


Contributors: Edward White, Seoul correspondent and Patricia Nilsson, Media reporter. Producer: Persis Love

 

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Venezuela says it thwarted armed ‘invasion’ by sea

Regime claims 8 people died in plot connected to foiled coup attempt launched from Colombia




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FDA flags risks for virus drug promoted by Trump

US regulator cautions against using chloroquine outside of hospitals or clinical trials




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Gilead hopes to produce 1m courses of remdesivir by year’s end

Biotech group’s shares have soared this year on hopes drug could be used to treat coronavirus




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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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Airbus cuts aircraft production by a third

European aerospace group confirms it will slash output of popular A320 single-aisle jet




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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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Goodbye to all that creative destruction

In 16 years of columns on business, the only constant has been disruptive innovation




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Frequent flyer: goodbye gold card, so long silver

Grounded travellers are facing downgrades but some airlines are rewarding loyalty




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Norway to cut oil production by 13%

Move in response to drop in prices and demand and honours unofficial pact with Opec




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South Africa’s miners shut down by power cuts

State utility Eskom removed power to stave off grid collapse




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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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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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De Beers to cut diamond production by 20 per cent this year

World’s second-largest diamond miner cites disruption along the supply chain




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Home improvers hit by remortgage problems

Dig downs and loft extensions may increase the value of a home, but it’s hard to borrow against this




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US state pension system hit hard by coronavirus pandemic

Sharp falls across financial markets in March have caused large drop in aggregate funded ratio




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BNP warns coronavirus could dent 2020 profits by a fifth

‘Drastic revisit’ of outlook at French bank as dividend cuts and cancellations hit equities trading




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Last Hope Island by Lynne Olson — the other Allies

The men and women from occupied Europe who helped defeat Hitler




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Michael Hintze’s hedge fund hit hard by credit bets

Billionaire CQS trader hurt by exposure to default-ridden energy sector




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UK construction sector hit by further fall in new orders

Brexit and election weigh on sentiment as builders suffer eighth month of contraction




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Crest Nicholson profits tumble after sales hit by Brexit paralysis

FTSE 250 housebuilder also takes charge for fire safety review after Grenfell tragedy




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Lagarde says ECB ‘undeterred’ by German court challenge

ECB intends to resist court injunction to justify its sovereign bond purchases




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Derbyshire Building Society NetSaver Issue 2

NetSaver easy access account pays 3.16 per cent on savings




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Renters and self-employed hit hard by Covid-19 lockdown

A third of self-employed reported working reduced hours during the first two weeks of lockdown




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Latin American producers boosted by weaker currencies

Price in local currencies of commodities such as copper and coffee has surged




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Coronavirus: US death toll rises by more than 2,000 for third straight day — as it happened

Eurozone GDP in historic fall, millions more Americans file for unemployment, Shell cuts dividend for first time since second world war and UK's AstraZeneca combines with Oxford on a potential vaccine

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Instagram ‘pods’ game the algorithm by coordinating likes and comments on millions of posts

Researchers at NYU have identified hundreds of groups of Instagram users, some with thousands of members, that systematically exchange likes and comments in order to game the service’s algorithms and boost visibility. In the process, they also trained machine learning agents to identify whether a post has been juiced in this way. “Pods,” as they’ve […]




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Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million in fresh capital at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the […]




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Pinn’s illustration of the week: Donkey Derby

Democratic presidential contenders cling on over early hurdles




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Randall Stephenson to step down as AT&T chief, succeeded by COO John Stankey

A big changing of the guard is underway at one of the world’s biggest and iconic names in telecoms and media: AT&T today announced that Randall Stephenson will be stepping down as the chairman and CEO of the telco, and he will be replaced by John Stankey, currently the COO. The change is effective on […]




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Amid stock market turbulence, investing app Stash raises $112M led by LendingTree

As coronavirus-hit financial markets continue to flip-flop in the wake of bad news followed by pockets of hope, a startup that aims to introduce ordinary consumers to investing has raised a big round of funding. New York-based Stash, which provides a mobile-first route to managing money through investment — as well as retirement, custodial and […]




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Carmakers hit by lack of state support in emerging markets 

Suppliers that exploited cheaper labour hit by big wage bills for shuttered plants




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S&P 500 resilience: weakened by coronavirus

A series of big bankruptcies is unlikely but debt workouts will slow economic recovery




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Can I cut our mortgage costs by negotiating a lower rate? 

Our household income has been hit hard by the coronavirus pandemic




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A security expert says India’s contact-tracing app has flaws; New Delhi says they are ‘by design’

The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher Baptiste Robert found what he […]




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The Gatekeeper, by Kate Fall

A pacy, personal but unrevealing account of David Cameron’s government




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Weighed down by my coronavirus diet

Before lockdown, my desire to eat Hobnobs outweighed my desire to be thinner. Not any more




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Apple said to sell Macs powered by in-house ARM-based chips as early as 2021

Apple’s long-rumored Mac ARM chip transition could happen as early as next year, according to a new report from Bloomberg. The report says that Apple is currently working on three Mac processors based on the design of the A14 system-on-a-chip that will power the next-generation iPhone. The first of the Mac versions will greatly exceed […]




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Bypass retail investors at your peril

Technology means small shareholders need not — and should not — be excluded from emergency equity fundraisings




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The Org nabs $8.5M led by Founders Fund to build a global database of company org charts

LinkedIn has cornered the market when it comes to putting your own professional profile online and using it to network for jobs, industry connections and professional development. But when it comes to looking at a chart of the people, and specifically the leadership teams, who make up organizations more holistically, the Microsoft-owned network comes up […]




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Samsung’s Galaxy Watch blood pressure monitoring app approved by South Korean regulators

Samsung Electronics announced today that its blood pressure monitoring app for Galaxy Watches has been approved by South Korean regulators. Called the Samsung Health Monitor, the app will be available for the Galaxy Watch Active2 during the third quarter, at least in South Korea, and added to upcoming Galaxy Watch devices. TechCrunch has contacted Samsung […]




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Apple said to sell Macs powered by in-house ARM-based chips as early as 2021

Apple’s long-rumored Mac ARM chip transition could happen as early as next year, according to a new report from Bloomberg. The report says that Apple is currently working on three Mac processors based on the design of the A14 system-on-a-chip that will power the next-generation iPhone. The first of the Mac versions will greatly exceed […]




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Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year

India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s second largest smartphone is beginning to feel the coronavirus heat, too. The Indian smartphone market grew by a modest 4% year-over-year in the quarter […]




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Backblaze challenges AWS by making its cloud storage S3 compatible

Backblaze today announced that its B2 Cloud Storage service is now API-compatible with Amazon’s S3 storage service. Backblaze started as an affordable cloud backup service, but over the last few years, the company has also taken its storage expertise and launched the developer-centric B2 Cloud Storage service, which promises to be significantly cheaper than similar […]




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Apple said to sell Macs powered by in-house ARM-based chips as early as 2021

Apple’s long-rumored Mac ARM chip transition could happen as early as next year, according to a new report from Bloomberg. The report says that Apple is currently working on three Mac processors based on the design of the A14 system-on-a-chip that will power the next-generation iPhone. The first of the Mac versions will greatly exceed […]




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A security expert says India’s contact-tracing app has flaws; New Delhi says they are ‘by design’

The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher Baptiste Robert found what he […]