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Glencore cuts capex as coronavirus forces production curbs

Group has halted work at number of mines due to pandemic




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Venezuela faces threat of coronavirus catastrophe

Oil price collapse and crumbling health system put Latin American nation at risk




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Venezuelan migrants face tough choices as virus spreads

Work dries up under lockdown but returning home could be more perilous than staying put




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Pandemic forces Brazil’s ‘Chicago boys’ to revise reform plans

Finance minister Paulo Guedes has had his liberal economic agenda sidelined by emergency measures




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

Live coverage of the UK election campaign.

Read more




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Rishi Sunak replaces Sajid Javid as chancellor — as it happened

A live blog from FT.com

Read more




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Coronavirus forces investor rethink on social issues

The ESG spotlight has turned to how companies treat their employees, customers and suppliers




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Germany’s ECB critics toast courtroom success

Plaintiffs plan fresh challenge against central bank’s emergency bond-buying programme




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China faces dilemma over Hong Kong protests

Hong Kong protests against a proposed extradition law that would allow criminal suspects to be handed over to China are continuing, despite a concession by the Hong Kong chief executive to suspend the proposed law. Naomi Rovnick discusses discusses what’s at stake for China and what the protesters are seeking to achieve, with Tom Mitchell in Beijing and Sue-Lin Wong in Hong Kong.


Contributors: Suzanne Blumsom, executive editor, Naomi Rovnick FT Live reporter, Sue-Lin Wong, South China correspondent and Tom Mitchell, Beijing bureau chief. Producer: Fiona Symon

 

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Can Greece become an economic success story?

Greece’s centre-right New Democracy party has returned to power after defeating the far-left party Syriza at the ballot box on a promise of reviving the economy through tax cuts, reduced bureaucracy and more foreign investment.  Katie Martin discusses the new government and the challenges it is facing with Ben Hall and Kerin Hope.


Contributors: Naomi Rovnick, FT Live reporter, Katie Martin, capital markets editor, Ben Hall, Europe editor, and Kerin Hope, Athens correspondent. Producer: Fiona Symon

 

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Will coronavirus cause a global recession?

As the coronavirus continues to spread, what is the risk that this will push the global economy into recession and what can central bankers and policymakers do to help avoid this? Katie Martin discusses the economic shock caused by the virus with the FT's economics editor Chris Giles.


Contributors: Katie Martin, capital markets editor, and Chris Giles, economics editor. Producers: Fiona Symon and Andrew Georgiades

 

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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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LSE’s $27bn deal for Refinitiv faces heat in Brussels

London bourse’s transformative acquisition is facing more scrutiny than expected




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My favourite pieces: Sandra Choi travels far for good accessories

The Jimmy Choo shoe designer says jewellery has influenced her work




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Aluminium industry faces huge supply glut

Thousands of jobs at risk as coronavirus pandemic leads to a fall-off in demand




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Heathrow’s third runway plan faces further delay of at least two years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed




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ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




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Nigerian border closures cut smuggling but drive up prices

Benin crossing has been shut for three months, halting trade on vital frontier




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Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers




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Relax tax rules on pensions access, argues Sir Steve Webb 

Former pensions minister says the crisis means greater flexibility is needed 




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UK pension trustees urged to watch for dividends and ‘excessive’ bonuses

Industry regulator calls for vigilance over actions of employers during pandemic




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Recession pushes Hong Kong shoppers to sell their luxury goods

Consumers seeking quick cash unload designer bags, jewellery and luxury watches




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Non-bank lenders raise concerns over access to ‘bounce back’ loans

Alternative providers fear it will harm competition in market for loans to small business




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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Breaking down the eurozone’s worst recession in history

Commission warns pandemic will wipe out growth in all member states and result in an uneven recovery




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Thermal coal prices collapse after virus lockdowns sap demand

IEA expects global consumption will decline 8% this year in largest drop since second world war




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TD Waterhouse looks at direct UK market access

Service would allow retail investors to place own orders on market




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Decarbonisation to drive ‘dramatic’ rise in cement prices, says Redburn

Production costs to rise by 61% when industry invests in carbon capture




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Ocado’s rise faces test in food security rethink

Competitive landscape is unclear as food delivery becomes a utility




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Burford faces long wait over $1bn Argentina claim

Case linked to 2012 nationalisation of oil company proves tricky for litigation funder




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Building success in a highly volatile economy

One of Latin America’s top real estate developers puts some of his triumphs down to luck




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Vale warns steel production cuts will hit iron ore prices

Chief expects weak demand from mills outside China to offset supply disruptions elsewhere




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Bayer faces 5,000 new lawsuits over pesticide cancer claims

Pharma and chemicals group says it will ‘defend itself vigorously’ amid mounting cases




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Frances Arnold on the directed evolution of enzymes

The Nobel laureate talks to Anjana Ahuja




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Bayer faces more claims over weedkiller cancer allegations

Rise in plaintiffs comes as German chemicals group reports 19% jump in sales




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Deep Render raises £1.6M for image compression tech that mimics ‘neural processes of the human eye’

Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render […]




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Discover is Facebook’s new effort to help people access websites for free — but with limits

Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]




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Merkel’s successor must confront Germany’s decline

Investment strategies have failed to prepare the country for the technology shock




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Germany’s testing success looks real — for now

But statistics that show how many days one country is behind another are humbug




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5G devices were less than 1% of US smartphone purchases in 2019

No surprise, really, that 5G smartphone sales are on the way up. Frankly, there’s really no other way to go, according to the latest numbers from NPD’s Mobile Phone Tracking. The firm noted that 5G handsets accounted for less than 1% of total sales in the U.S. The hurdles are also what you’d expect: namely, […]




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Bosch warns of ‘significantly’ steep recession for auto industry

Volkswagen and Daimler report billions of dollars in lost profits due to impact of coronavirus




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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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As Wunderlist shuts down, its founder announces a new productivity app called Superlist

Wunderlist is going away, but fans of the productivity app may find some consolation in founder Christian Reber’s announcement that he is launching a new startup called Superlist. “Superlist will be more than just a todo app, but never as bloated as the project management software you loathe to use,” he tweeted. “Slick, fast, and […]




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44 million US adults now use ‘borrowed’ accounts to access streaming services

Cutting the cord with cable or satellite TV used to mean a cost savings. But with the growing number of streaming services on the market, many consumers are finding that becoming a cord cutter is just as expensive, if not more so, as being a pay TV customer. As a result, many consumers continue to […]




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A rebranded and updated version of CBS All Access will launch this summer

A rebranded and expanded version of the CBS All Access streaming service will arrive this summer, ViacomCBS announced this morning. The service, now run by ViacomCBS following the merger, today offers a mix of live TV, on-demand video, original programming, streaming news, local broadcast stations and sports. Now the company is accelerating its plan to […]




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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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UK’s coronavirus tracing app strategy faces fresh questions over transparency and interoperability

The UK’s data protection watchdog confirmed today the government still hasn’t given it sight of a key legal document attached to the coronavirus contacts tracing app which is being developed by the NHSX, the digital transformation branch of the country’s National Health Service . Under UK and EU law, a Data Protection Impact Assessment (DPIA) […]




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Apple announces new iPad Pro

Apple has announced new iPad Pro models in a press release. In addition to better specifications, Apple is also releasing a new Magic Keyboard with backlit keys, a trackpad and a hinge that allows you to move the iPad freely. The iPad Pro looks more or less like the existing iPad Pro. You can choose […]




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Deep Render raises £1.6M for image compression tech that mimics ‘neural processes of the human eye’

Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render […]




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How you structure your finances is just as important as what you hold

Could Retirement Interest Only mortgages be an option for many older people?