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Ride-sharing jolt prompts Uber to follow Lyft on job cuts

Lay-offs of 3,700 in latest round as lossmaking operators face ‘formidable’ challenges




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Loneliness during the American epidemic

Even before the coronavirus outbreak, many people found isolation a normal way of living




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New realities confront a maturing internet

A two-decade old law is a poor fit with the digital world of today




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Lebanese riots over economy and soaring poverty leave one dead and dozens hurt

Demonstrators defy coronavirus lockdown and set fire to banks amid mounting currency crisis and joblessness




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City of London hiring grinds to a halt over coronavirus 

Recruiters scrambling to adapt as companies put expansion plans on ice 




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Robotics and reshoring: the future of shipping

Container ships may shrink in size if manufacturing moves closer to its markets. The FT's Robert Wright explores




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Music streaming during pandemic boosts Spotify paying users

Subscriber numbers surge to 130m as listeners turn to tunes in a crisis




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Britain considers bringing China on board with HS2

Political sensitivities could be outweighed by workers’ construction expertise




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Citigroup results, Standard Chartered's pay revolt and money laundering outlook

Patrick Jenkins and guests discuss what Citigroup's results tell us about the US bank earnings season, Standard Chartered chief Bill Winters' defiant response to investor criticism of his pay packet, and how banks are tackling the problem of money laundering, With special guest Brandon Daniels of Exiger 


Contributors: Patrick Jenkins, financial editor, Robert Armstrong, US banking editor, David Crow, banking editor, and Caroline Binham, financial regulation correspondent. Producer: Fiona Symon

 

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RBS's new chief, Swiss hiring spat and who advised WeWork?

Patrick Jenkins and guests discuss RBS as Alison Rose, the first woman to lead one of the UK’s top banks, takes the helm, Iqbal Khan and the hiring spat between Credit Suisse and UBS, and the role of US investment banks in the failed WeWork IPO. With special guest John Cronin of Goodbody stockbrokers in Dublin.


Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Behind the Money: Running a small business during a global pandemic

Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.


Mauren Pereira's drapery business was on track for its most financially successful year to date. That was until the coronavirus outbreak reached Virginia. Behind the Money reports on how one small business owner is navigating the current economic crisis. With Brendan Greeley, US economics editor for the Financial Times. 

 

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UAE risks inclusion on financial watch list over money laundering

Financial Action Task Force said Gulf state not doing enough to stem dirty financial flows




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For fashion labels launched during the pandemic, what now?

In fashion, timing is everything. When coronavirus turned the world upside down, these new brands had to pivot quickly to survive




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Lockdown lifestyle: changing internet habits during the pandemic  

Local news sites are experiencing a resurgence and streaming is more popular than ever




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After the spring: Peter Aspden on the Shubbak Festival

Visa problems and nervousness on the part of potential sponsors have made life hard for London’s festival of contemporary Arab culture. But as the Arab Spring gives way to harsher realities, such forums are needed more than ever, says the FT’s arts writer  


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Art of the unexpected: Deborah Bull on measuring cultural impact

The Director of Cultural Partnerships at King's College London reflects on the growing appetite among artists and arts organisations for evidence about the impact and value of what they do  


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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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Kate Bush's Wuthering Heights

When "Wuthering Heights" was released 40 years ago this year, it became the first song written and performed by a woman to reach number one in the UK charts. What was the song's — and Bush's — special appeal? Why have there been more parodies than straight covers? And why is it so popular now, with re-enactments of the music video taking place around the world? FT music writers Jude Rogers, Helen Brown and David Cheal discuss the song and its afterlife.

 

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What you need to know before hiring a nanny

Finding suitable childcare is an issue that we know makes many of the FT Money Show listeners bawl so we've invited someone onto the show to try to make sense of it. Today's lead guest on the FT Money Show, Izabella Kaminska, was so struck by the financial complexity of working out the costs of hiring a nanny - from tax, to organising a pension and accounting for various extras - she decided to write about her experiences. On this week's podcast Izzy talks to presenter Claer Barrett about the true costs of childcare.

Plus, we discuss what makes a person more at risk of being scammed.

 

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Comcast rides broadband wave during lockdown

US cable company enjoys rising demand for high-speed internet but movie business suffers




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Government brings forward VAT pledge to help ailing newspapers

Exemption for digital titles comes after publishers request further financial aid to deal with pandemic




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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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Cho Nam-joo: the writer inspiring Asia’s #MeToo movement

Her bestselling novel showed South Korea’s everyday sexism — and struck a chord around the region




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Are we seeing the strange, lingering death of Labour England?

In Stoke-on-Trent, Matthew Engel finds a party struggling to answer the simplest questions




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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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In charts: what is bothering the Brazilians?

About 85 per cent of voters think the country is heading in the wrong direction




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Argentina’s creditors face debt restructuring dilemma

Bondholders weigh deal with Macri against negotiating with likely successor Fernández




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New UK government brings change and uncertainty

Last week Boris Johnson lead the conservative party to its biggest victory in over 30 years on a promise to “get Brexit done”. What should the UK expect from its new government and how has business reacted to the election? George Parker and Adam Samson talk to Siona Jenkins about what the next five years could bring.


Contributors: Siona Jenkins, editor, UK news, George Parker, political editor and Adam Samson, global head of Fast FT. Producer: Persis Love. Photo credit: Leon Neal/PA

 

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United Airlines abandons $2.25bn bond offering

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown




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Top US official plays down Turkey’s prospects of securing dollar finance

Large foreign financing requirement and small reserves leave Erdogan facing cash crunch




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Corporate bailouts should come with strings

Business cannot expect emergency cash without sensible conditions




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ETFs have proved critics wrong during the crisis

Popular funds have survived a period of intense market stress




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US regulator grants exemption for drone flight during lockdown

Oil and gas company in Texas given approval to use unmanned aircraft to inspect vital infrastructure




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Inside LBC: the radio station capturing the political zeitgeist

In a polarised time, the broadcaster has won listeners by embracing confrontation




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Tata Steel may face obstacles in securing Covid loan

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt




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Alex Cruz, BA boss suffering from altitude sickness

The four years since his promotion to CEO have been beset by crises




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Coronavirus leads to ‘staggering’ drop in global energy demand

Fall could be the equivalent of India’s total annual consumption, IEA says




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Hot springs and baseball stadiums core to Japan’s national security

Activists wary after finance ministry names ‘core’ stocks covered by law on foreign investment




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Brighton theatre fears lockdown could bring curtain down permanently

Survival of coastal city’s vibrant arts scene will depend on community ‘being on the front foot’




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Perpetual spring: adventures in virtual visiting

You can enjoy flowers online that are past their best in the real world




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Regulators urge UK savers to ‘keep calm’ during coronavirus volatility

Investors encouraged to take time before making any changes to their retirement plans




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Black is white for Anglo Irish Bank’s long-suffering shareholders

PwC’s finest scientific minds attempt to prove banks can exist in two states at once




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US stocks rise on hopes outbreak could be nearing peak

Asia-Pacific indices broadly higher after S&P 500 closes up 3.4%




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Capita’s shares hit as investors worry over restructuring

Chief Jon Lewis admits outsourcer has ‘more to do and requires more investment’ than expected




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The pandemic could bring a global ceasefire

Several long-running conflicts are edging towards a temporary halt to hostilities




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Brussels plans new anti-money laundering authority

European Commission seeks to strengthen enforcement powers after banking scandals




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Companies’ silence on virus is storing up problems

Listed businesses have been conspicuously slow in estimating disruption to operations




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Tax boost for maturing child trust funds

New rules allow savings to go straight into an Isa without affecting the annual allowance




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Maturing Child Trust Funds to provide £700m bonanza   

Over 400,000 teenagers will be eligible to claim funds from later this year




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IFF-DuPont deal creates $45bn flavourings giant

New York company wins bidding against Kerry for nutrition and biosciences unit