Lorry company’s board says lenders will only support refinancing through buyout group’s proposal

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

The ability of local authorities to plan their own networks will be key to success

Operators warn they will struggle to meet franchise agreements as passenger numbers plunge

Sales rise but company warns revenues will decline as bar and restaurant closures hit beverages

Arbus in Aberdeen, Long in Lakeland - Tate director Sir Nicholas Serota talks to FT arts editor Jan Dalley about next year’s Artist Rooms programme of touring exhibitions. In its past two years, the scheme has drawn tens of thousands of visitors in towns throughout the UK to shows by Beuys, Ruscha, Woodman, Hirst and others – but how easily can the model be replicated elsewhere? Jan Dalley interviews Sir Nicholas Serota in his office at Tate.  

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There are a lot of musicals moving into London's West End right now – including "Shoes", "Million Dollar Quartet", "Betty Blue Eyes" and "The 25th Annual Putnam County Spelling Bee" - and rumbling in the background is the hoo-ha in New York over "Spiderman". What is the enduring appeal of the musical? Is it more diverse than its critics imagine? And, are musicals a good thing for the theatrical landscape? Jan Dalley talks to Jamie Lloyd, director of the Donmar's "Spelling Bee", and FT theatre critics Ian Shuttleworth and Sarah Hemming. Produced by Griselda Murray Brown  

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As Arts Council England announces its latest round of funding, FT arts editor Jan Dalley reflects on what the language of “investment” means for the art of our time.  

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Film screenings are becoming ever more inventive, with fine dining, unusual venues and even hot tubs thrown in to lure audiences. But for Antonia Quirke, nothing can match the downbeat charm of a black-box cinema on a weekday afternoon  

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How to find a financial adviser - a relationship with an adviser you can trust is something that FT readers often tell us is hard to come by. FT Money editor Claer Barrett talks to Damian Fantato, deputy editor of FT Adviser about the solution. Plus, with less than a month to go until the general election, financial advisers tell us they are getting calls from a lot of worried clients - we discuss what's troubling them. And finally, the rise of the 40-year mortgage - Paul Lewis, presenter of BBC Moneybox is here to share his own worries about extra long hours.

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Tax bills can be reduced by handing back a vehicle to an employer

Live coverage of the UK election campaign.

ECJ issues rare warning over EU legal order after German judges question its superiority

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

Google is allegedly using hidden web pages that feed the personal data of its users to advertisers, circumventing EU privacy regulations that require consent and transparency. Madhumita Murgia, the FT's European technology correspondent, discusses the implications for both privacy and competition with Malcolm Moore.

Conributors: Malcolm Moore, technology news editor, and Madhumita Murgia, European technology correspondent. Producer: Fiona Symon

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Rowena Chiu, former assistant to Harvey Weinstein, tells the story of her alleged abuse by the former Hollywood producer and discusses how to prevent non-disclosure agreements from being used to silence the victims of crime with Pilita Clark and Kate Beioley.

Contributors: Pilita Clark, business columnist, Rowena Chiu, former assistant to Harvey Weinstein, and Kate Beioley, legal correspondent. Producer: Fiona Symon

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Introducing the FT News Briefing. It 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.

Monday, March 16

The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the wake of the outbreak. 

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Retail services group’s new Shop app needs a price gimmick to lure buyers in

Higher education should not be treated as just another business

Programmes should be flexible and help workers move to in-demand sectors

Return of dispersion comes after years of similar returns across sectors

Right-hand man to President Carter from Iran hostage crisis to Salt Two arms treaty 

Countries ban exports in attempt to protect environment as consumption is set to soar

Iodine producer rejects Brexiter’s coronavirus play as ‘probably not very educated’

Products vital to combat coronavirus could become more expensive and scarce

Demand surges as hospitals require more medical oxygen for coronavirus patients on ventilators

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]

In spite of their protected status under international laws, pangolins remain one of the most trafficked animals in the world — and at least some of that trade is taking place right out in the open on Facebook . A new report from tech watchdog group the Tech Transparency Project details how Facebook users are […]

Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them). Bird today announced the launch of Bird Pay, a service that will let people use its app to purchase items from local participating businesses alongside renting scooters. The service […]

Glance, which serves media content, news and casual games on the lock screen of Android -powered smartphones, has amassed 100 million daily active users, it said today. The subsidiary of ad-firm InMobi Group reached the milestone in 21 months in what appears to be the shortest duration for any popular internet service to gain their […]

The coronavirus may be decimating some corners of the economy, but the impact on the digital music, as evidenced by the world’s biggest music streaming company, appears to be minimal. Today Spotify reported its earnings for Q1 with revenues of €1.848 billion ($2 billion at today’s rates) and an inching into a positive net income […]

Traditionally dominated by big players like Adobe and Autodesk, the world of design has been flush with a newer wave of startups that are creating collaboration spaces and new cloud-based tools designed to address the needs of creatives. Today, two of those players are combining. Dribbble, an online community for designers that lets them post […]

With conferences canceled indefinitely, companies are increasingly reliant on online events to hype product launches. As they prepare to release a next-gen console before the end of the year, expect plenty of live streams and blogs from both Microsoft and Sony in an attempt to flesh out all that their respective systems have to offer. […]

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]

The coronavirus outbreak has driven more consumers to turn to their smart speakers for news, information, music and entertainment, according to new data released today by NPR and Edison Research. Around three-quarters of U.S. adults 18 and up said their routines have been impacted due to COVID-19 and their media habits have changed as a […]

Record usage of grocery delivery services amid the COVID-19 pandemic has led to delayed orders, fewer open delivery windows and, on occasion, an inability to even book a delivery time slot. Walmart now hopes to capitalize on the increased demand for speedier delivery with the introduction of a new service that allows consumers to pay […]

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 […]

Tinder will add a video dating feature in the second quarter of this year, parent company Match announced on Tuesday as part of its Q1 2020 earnings report. The company also detailed the coronavirus impact, which slowed Tinder user growth in the quarter, as social distancing requirements and government lockdowns went into effect. Match didn’t […]

In its latest effort to deal with rampant harassment on its platform, Twitter will look into giving users a second chance before they tweet. In a new feature the company is testing, users who use “harmful” language will see a prompt suggesting that they self-edit before posting a reply. When things get heated, you may […]

The pandemic may feel all-encompassing at the moment, but Confluent announced a $250 million Series E today, showing that major investment continues in spite of the dire economic situation at the moment. The company is now valued at $4.5 billion. Today’s round follows last year’s $125 million Series D. At that point the company was […]

E-commerce firms Amazon and Walmart’s Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were imposed across the nation in late March. The companies said in […]

There are few more messages more timely than the opening line, “Dance your cares away, worry’s for another day” (or is it “worries?”). Today the familiar Fraggle Rock bass line returns, along with the titular felt underground dwellers, as the first of a new series of mini-episodes hits Apple TV+. Apple’s streaming service will post […]

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]

The taciturn lawyer’s corruption-busting career has also paved a path to power

Orca Security, an Israeli cloud security firm that focuses on giving enterprises better visibility into their multi-cloud deployments on AWS, Azure and GCP, today announced that it has raised a $20 million Series A round led by GGV Capital. YL Ventures and Silicon Valley CISO Investments also participated in this round. Together with its seed […]

Cockroach Labs, the NYC enterprise database company, announced an $86.6 million Series D funding round today. The company was in no mood to talk valuations, but was happy to have a big chunk of money to help build on its recent success and ride out the current economic malaise. Altimeter Capital and Bond co-led the […]

When Britain leaves, the power imbalance between Berlin and Paris will be laid bare

The relationship of unequals has seen both Beijing and Moscow wrongfooted by the crisis

Stilt, a Y Combinator alum that provides financial services for immigrants without Social Security numbers or credit reports, announced today that it has closed a $7.5 million seed round. It also launched FDIC-insured pre-approved global bank accounts today. The startup has raised equity from investors including Liron Petrushka; Hillsven Capital; Streamlined Ventures; Gokul Rajaram; Bragiel […]

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]