Renowned investor warns market correction is not over but there is value in commodities

As fixtures resume across the Channel, UK racing is keen to secure a swift return and avoid revenue losses

Vladimir Putin, Russia’s president, criticised western liberalism and defended Russia’s role in Syria and Venezuela in an exclusive interview with the FT on the eve of the G20 summit at the weekend. Lionel Barber, FT editor, and Henry Foy, Moscow bureau chief, offer their impressions of the interview in conversation with Katie Martin. Read the interview transcript here

Contributors: Suzanne Blumsom, executive editor, Katie Martin, capital markets editor, Lionel Barber, FT editor, and Henry Foy, Moscow bureau chief. Producer: Fiona Symon

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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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Paul Volcker, who died at the weekend, was one of the most influential monetary policy makers of the 20th century. The FT’s Gillian Tett spoke to the former central banker at his home in New York last year about his views on good government, regulating finance and US China relations. In this podcast, she shares some excerpts from the conversation.

Contributors: Katie Martin, markets editor, and Gillian Tett, chair of the FT editorial board (US). Producers: Fiona Symon and Aimee Keane

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Shortly before his departure as FT editor, Lionel Barber was granted a rare interview with Angela Merkel, whose period in office is nearing its end. In conversation with Marc Filippino, Mr Barber offers his thoughts on the German chancellor as she battles to keep the flag of multilateralism flying in an increasingly unilateralist world.

Contributors: Lionel Barber, former FT editor, and Marc Filippino, audio producer. Producers: Marc Filippino and Fiona Symon

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Some officials are using Covid-19 to jump on the neoliberal-bashing bandwagon

Industry highlights bottlenecks in access to materials that are a possible Covid-19 treatment

There’s a chronic paradox at the heart of stablecoin-based payment systems that will render them cost-prohibitive.

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project

Shares in brokerage firm drop overnight after it discloses payments to clearing houses

Lockdowns have elevated the sector that some analysts thought would fall furthest in a recession

Oil group’s share price has lost its moorings

The time it takes for employees to be assessed is putting companies in delicate legal territory

Reducing pensioners to ‘old dears’ ignores their wisdom and physical vitality

Yoox-Net-a-Porter and Paul Smith join list of brands that have suspended ecommerce sales

Online broker is revamping its charging structure

Mauricio Leyva to advise German family company on expanding beverages arm

Take steps to improve your relationship with money and the role it plays in your life

A number of popular apps including Spotify, GroupMe, Pinterest and TikTok were fielding user iOS crash reports Wednesday evening, the result of an apparent issues with Facebook’s SDK according to a lengthy GitHub thread on the topic. Downdetector logged tens of thousands of user crash reports on Spotify between 3:30 and 5:30 pm PT, the […]

Paige, the Sloan-Kettering spinout that has been building an artificial intelligence platform to improve cancer pathology and subsequently use those insights to develop better drug therapies, has raised an additional $5 million in funding to continue its work commercialising its platform and expanding its research reach, while also getting FDA clearance to launch in hospitals […]

Carmaker puts brakes on dividends and buybacks in order to preserve liquidity

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) […]

This time it is capital markets, rather than banks, that have to reform

Sonos has introduced a trio of new hardware today, adding three new smart speakers to its lineup, including the Sonos Arc soundbar that includes Dolby Atmos support, as well as Sonos Five, the next version of its Sonos Play:5 speaker, and a third-generation Sonos Sub. All of these will require the new S2 app that […]

If you find voice assistants frustratingly dumb, you’re hardly alone. The much-hyped promise of AI-driven vocal convenience very quickly falls through the cracks of robotic pedantry. A smart AI that has to come back again (and sometimes again) to ask for extra input to execute your request can seem especially dumb — when, for example, […]

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) […]

After suspending its self-driving operations at the end of March because of the COVID-19 pandemic, Waymo has announced it will resume driving operations on May 11 in Arizona. Waymo will start its driving operations in the Phoenix area again, a decision the company says it made after discussions with “our teams, partners and local and […]

Just as challenger banks have appeared in the B2C space, so to have B2B startup banks aimed at small businesses, among them startups like Qonto (Fr), Tide (UK), Penta (GER) and CountingUp (UK). Today another such firm, Finom, has closed a €6.5m ($7M) seed funding round led by Target Global, with participation from General Catalyst. […]

Emerging economies that have long tested investors’ patience say they need fresh help

Shortages of components likely to be far worse than expected, warn experts

Announcement Number: TN-20-EI-00898-DE
Closing Date: 07 May 2020

The COVID-19 pandemic crisis has underlined the need for greater multilateral cooperation, including the need to improve the global trading system, Deputy Director-General Alan Wolff said on 7 May. Speaking at a webinar hosted by the African Institute for Economic Development and Planning, DDG Wolff said trade will play an important role in Africa’s economic recovery from the crisis, particularly through increased intra-African trade.

Layoffs are having a big impact on industries across the board due to COVID-19. This week alone news came out of massive cuts for TripAdvisor, Lyft, and reportedly Juul and Uber. But according to data tracker Layoffs.fyi, the cuts have affected certain job roles more than others. Sales and customer success roles are the most […]

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.

While technology and innovation are transforming our economy, they are also the solution to our workforce and growth challenge.

Early reports of what is in next Tuesday’s Federal Budget indicate “more carrot and less stick” to help lift productivity and tighten the fiscal gap.

Australia jumped five places to 15th in OECD rankings for employment of mature age workers.

The eyesight of more than 32,000 Aboriginal and Torres Strait Islander people would be saved if the Government invested just $227 million over 10 years, a new report has found.

Australia has slipped four places to 17th in OECD rankings for employment of under 25-year-olds with a focus on STEM skills.

1. Domestic Flight Operations to Resume in India From This Date, Civil Aviation Ministry Reveals  India.com
2. Resuming Flight Operations Within A Week Will Be Fraught With Challenges. Here Is Why  Outlook India
3. Coronavirus lockdown | Domestic flight operations likely to resume by May 15: Hardeep Singh Puri  Moneycontrol
4. Keeping Middle-Seat Empty Not an Option for Any Airline, Margins Too Thin: Aviation Minister  News18
5. Preparing To Start Domestic Flight Operations Within A Week: Civil Aviation Minister Hardeep Puri  Outlook India
6. View Full coverage on Google News

1. Two Indians brought back from Gulf test Covid positive in Kerala  Times of India
2. 2 Indians Flown Back From Gulf To Kerala Test Coronavirus Positive  The Newsopedia
3. 100 days after its 1st case, Kerala has only one new Covid-19 patient  Livemint
4. 2 people flown back from Gulf to Kerala test positive for COVID-19  The News Minute
5. Only 16 Active COVID-19 Cases In Hospitals, Kerala Says "Curve Flattened"  NDTV
6. View Full coverage on Google News

A new data set from Silicon Valley Bank (SVB) details how startups are reacting to the post-unicorn era as COVID-19-related disruptions upset the global economy and remake the risk tolerance of private investors. What SVB’s new report shows is unsurprising: venture capital deal volumes are falling, startups are tapping existing debt capacities to add cash […]

The mindset that allows Colin Wayne to push forward in times of crisis.

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) […]

Run more effective email marketing campaigns and hit more leads with a verified list.

With this market uncertainty, entrepreneurs are better off planning for long-term growth than the quick-scaling approach.

Some timely advice for restaurants and retailers struggling to stay open during the pandemic.

With this market uncertainty, entrepreneurs are better off planning for long-term growth than the quick-scaling approach.