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Host countries struggle to cope with Venezuela refugee crisis

Colombia seeks $1bn in funds as UN aid appeal falls well short of target




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Royal Mail warning on UK business triggers share slide

Postal services group says unit could slump to loss next year with revamp ‘behind schedule’




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Royal Mail staff to delay strike over coronavirus

Staff vote in favour of a walkout but union says they can help deliver supplies to elderly




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The triumphant restoration of the gardens at Marble Hill

The Twickenham house and garden played a part in 18th-century life and literature




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EU countries clash over state aid as rich inject more cash

Germany accounts for half of state aid approved by commission during coronavirus crisis




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Gilead antiviral drug remdesivir flops in first trial

Exclusive: Disappointing results revealed in draft documents published accidentally by WHO




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BT delays Huawei strip out despite signing Ericsson deal

Postponement comes as Swedish group wins 5G core contract after Chinese rival blocked on security concerns 




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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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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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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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In praise of boiled string

Courtauld Institute student and arts writer Aindrea Emelife reflects on the current neglect of Surrealism in the art world – and considers what significance the movement might still hold for today’s young rebels  


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Lockdown could be worse than disease in poor countries

Instructing people to stay at home is to confine millions to cramped housing




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Saudi Arabia repatriating thousands of migrants back to Ethiopia

UN official warns mass deportations risk spread of coronavirus to the region




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Snow and strikes are no obstacles for gritty women

Are women more committed than men when it comes to getting to the office?




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US begins national security probe of electrical grid imports

Commerce department investigation could lead to new tariffs on transformer parts




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Tax tribunal struggling to cope with remote hearings, lawyers say

Disputes backlog in ‘under-resourced’ lower court reached 27,280 last quarter




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Taking pay cut ‘could trigger a tax bill’

Tax experts warn of unintended consequences of reducing or giving away pay and bonuses




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Play trick or treat with your finances this Halloween

Spookily effective savings tips if your money has vanished by the end of the month




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Bolsonaro triggers furore by firing Brazil health minister

Dismissal of Luiz Henrique Mandetta follows feud over how to tackle coronavirus




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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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Saudi Aramco's oil deal with India's Reliance Industries

Saudi Arabia's state oil company Aramco is making a high stakes investment in India as the world’s largest crude oil exporter seeks to deepen its ties with the fastest growing energy consumer. Tom O’Sullivan discusses the proposed investment, announced by Reliance Industries chairman Mukesh Ambani, with Benjamin Parkin and Anjli Raval.


Contributors: Tom O’Sullivan, deputy analysis editor, Benjamin Parkin, Mumbai correspondent, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon

 

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The call that triggered a US impeachment inquiry

Many US Democrats had pushed for an impeachment inquiry against Donald Trump after the Mueller probe into Russian meddling in the last US election released its findings. But it took a July telephone conversation between Mr Trump and Ukraine’s new president to persuade Nancy Pelosi, speaker of the US house of Representatives, that it was time to act. Katie Martin discusses what happens next and what we know so far with Demetri Sevastopulo, Washington bureau chief.


Contributors: Katie Martin, capital markets editor, and Demetri Sevastopulo, Washington bureau chief. Producer: Fiona Symon

 

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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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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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Will poor countries get the treatments they need?

Pharma and its critics agree government has a big role to play in ensuring fair access to Covid-19 remedies




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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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Centrica suspends dividend as Ovo furloughs 3,400 workers

First signs of severity of coronavirus pandemic on UK energy sector 




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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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Things are not as dire as they might seem for Centrica

If lenders maintain support, the company’s balance sheet may not need an urgent fix




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Coronavirus tracked: the latest figures as countries fight to contain the pandemic

The FT analyses the scale of outbreaks and the number of deaths around the world




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Corporate bailouts should come with strings

Business cannot expect emergency cash without sensible conditions




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Tesco/UK dividends: welcome to the witch trials

Cancelling payouts should not become a loyalty test




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Suspended UK pension contributions could total £1bn

FT survey estimates that 1 in 10 employers with defined benefit schemes may look to suspend payments




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Robert Morgenthau, Manhattan district attorney, 1919-2019

He became the scourge of the Mob and white-collar crime in New York




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European countries ban short selling after markets plunge

‘We are ready to go further,’ says French minister after issuing temporary prohibitions




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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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Bonus restrictions hamper City mortgage borrowers

Lenders reluctant to count payments as affordability checks tighten




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Decrypted: Zoom’s security fallout, CrowdStrike’s new CTO, Bugcrowd raises $30M

Another week in quarantine. As the world adjusts to working from home under mandatory stay-at-home orders, hackers are keeping busy. Microsoft said this week that coronavirus-related attacks are on the rise but still make up just a fraction of the overall malicious activity. Cybersecurity companies seem to be faring mostly well — in part thanks […]




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Stripe adds card issuing, localized card networks and expanded approvals tool

At a time when more transactions than ever are happening online, payments behemoth Stripe is announcing three new features to continue expanding its reach. The company today announced that it will now offer card issuing services directly to businesses to let them in turn make credit cards for customers tailored to specific purposes. Alongside that, it’s going […]




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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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Knowde could make billions building the digital marketplace for the $5 trillion chemicals industry

Ali Amin-Javaheri grew up in the chemicals business. His father had worked for Iran’s state-owned chemical company and when the family fled the country in the nineteen eighties during the Iran-Iraq war, they first settled in Houston where employers welcomed the senior Amin-Jahaveri’s experience. Houston in the 80s was dominated by the petrochemicals industry and […]




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YouTube TV to gain 14 more ViacomCBS channels in expanded distribution deal

YouTube TV is expanding its lineup of channels thanks to a new, multi-year distribution agreement with ViacomCBS, announced this morning. The Google-owned streaming TV service is gaining 14 new ViacomCBS channels as a result of the deal, including news, sports, and entertainment offerings. It will also continue to carry CBS broadcast stations, CBS Sports Network, […]




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Will Covid-19 repatriation leave us with a large tax bill?

We are returning to the UK from the US following the virus outbreak




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Marx, Gramsci and strikes: life at Tony Benn University

Thinking up the most leftwing ideas imaginable is tricky when several were in the last Labour manifesto




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The pandemic and the radical change in wealth distribution to come 

‘The old globalised order is fracturing. We are seeing wartime-style falls in GDP’




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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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Knowde could make billions building the digital marketplace for the $5 trillion chemicals industry

Ali Amin-Javaheri grew up in the chemicals business. His father had worked for Iran’s state-owned chemical company and when the family fled the country in the nineteen eighties during the Iran-Iraq war, they first settled in Houston where employers welcomed the senior Amin-Jahaveri’s experience. Houston in the 80s was dominated by the petrochemicals industry and […]




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YouTube TV to gain 14 more ViacomCBS channels in expanded distribution deal

YouTube TV is expanding its lineup of channels thanks to a new, multi-year distribution agreement with ViacomCBS, announced this morning. The Google-owned streaming TV service is gaining 14 new ViacomCBS channels as a result of the deal, including news, sports, and entertainment offerings. It will also continue to carry CBS broadcast stations, CBS Sports Network, […]




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EU industrial supply lines need strengthening, commissioner warns

Thierry Breton says coronavirus crisis shows vital supplies are vulnerable to disruption




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Potential new treatment for COVID-19 uncovered by BenevolentAI enters trials

BenevolentAI, a startup which has raised $292 million to apply AI to create drugs faster, today says it has uncovered an already approved drug as a potential treatment for COVID-19, after it applied its AI platform and team to the problem. The revelation, which has now appeared in peer-reviewed scientific journals and has entered clinical […]