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The definition of natural wine

‘To qualify as a Vin Méthode Nature, a wine has to be made from hand-picked organic grapes’




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Trump’s pick for intelligence chief vows to be fair

John Ratcliffe testifies at confirmation hearing held under social distancing rules




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Trump now says task force will continue ‘indefinitely’

White House group will shift to ‘safety and opening up our country again’




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Premier League sought action on Saudi piracy claims before Newcastle deal

English football’s top division wrote to US government over Saudi’s alleged illegal screening of matches




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Thousands could now be eligible for child benefit payments

Parents who haven’t historically claimed could now do so due to lost income




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Pensions tax relief: time for the government to bite the bullet

Big reforms are needed to tackle substantial problems well beyond the cost 




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Pensions tax relief: is time running out? 

New chancellor Rishi Sunak would be wise to avoid slashing pension perks 




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Stephanie Kelton: ‘They’re going to have massive deficits. And it’s fine’

The economist has long argued that governments should spend whatever it takes. Has her time now come?




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Kiril Sokoloff: ‘There will have to be massive debt relief’

The Wall Street strategist talks about debt, lessons from losing his hearing — and his latest predictions for the world




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Glencore defers $2.6bn dividend decision

Group seeks to ‘protect capital structure’ as uncertainty swirls over Covid-19 impact




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Copper miner SolGold bolsters defences against takeover

London-listed explorer hires Citi for fundraising and advice as rivals eye acquisitions




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Latin America’s left spots comeback opportunity amid coronavirus fallout

Region’s ‘Pink tide’ leaders see chance of revival as inequality and public health concerns take centre stage




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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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Argentina’s central bank chief warns on market outlook

Guido Sandleris says it is ‘too soon’ to declare that stability has returned to peso




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Brazil’s Bolsonaro rally hits new peak before easing

After reaching intraday record, stocks retreat as new president faces economic challenge




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Argentina heads for ninth sovereign debt default

Analysts expect the country to make bondholders an offer they cannot accept




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Election: Labour on the defensive after Chief Rabbi accuses party of failure to deal with anti-Semitism — as it happened

Jeremy Corbyn defends party's processes for dealing with racism after Ephraim Mirvis's criticism. Conservatives put opposition to independence at heart of Scottish campaign. Sterling slips as Labour makes inroads on Tories' polling lead.

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Election: Brexit party MEPs defect and back Conservative party — as it happened

Live coverage of the UK election campaign.

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EU divided over reforms to maligned fund performance rules

European Commission and MEPs warn regulator over watering down Priips performance scenarios decried as misleading




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Wave of corporate defaults owes much to foolhardy share buybacks

Big investors must adopt a tougher stance on balance sheet resilience




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Poland postpones presidential vote after bid to defy pandemic fails

With its candidate favourite to win, Law and Justice party was insisting poll should go ahead on May 10




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Mikheil Saakashvili appointed to spearhead reform drive in Ukraine

Georgian once mooted as next deputy prime minister, takes on top co-ordinating role




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Trump attacks ECB chief over 'unfair' stimulus plan

ECB chief Mario Draghi this week surprised the markets by suggesting that the European central bank could introduce more stimulus to support the global economy. His signal, at an ECB forum in Sintra, Portugal, caused a furious reaction from Donald Trump. Katie Martin discusses the US president’s intervention and the remarks that prompted this with Claire Jones and Chris Giles.


Contributors: Josh Noble, weekend news editor, Katie Martin, capital markets editor, Claire Jones, Frankfurt bureau chief and Chris Giles, economics editor. Producer: Fiona Symon

 

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The Brexit hopes of Britain's 'left behinds'

Many of those who voted to leave the European Union live in deprived towns and cities of the UK and were disillusioned with politics. The Joseph Rowntree Foundation teamed up with a think-tank, UK in a Changing Europe, to find out what policies they would like to see to improve their lives. Andy Bounds discusses the findings with Anand Menon, one of the report's authors. Read Andy's article here


Contributors: Andy Bounds, Enterprise Editor and North of England correspondent, and Anand Menon, Professor of European Politics and Foreign Affairs at King's College London and director of the UK in a Changing Europe. Producer: Fiona Symon

 

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Exposing the problem with default data

Caroline Criado-Perez won the latest Financial Times and McKinsey Business Book of the Year Award with her book Invisible Women: Exposing Data Bias in a World Designed for Men. She spoke to Andrew Hill, the FT’s management editor, about the consequences for women and for society as a whole of using men as the default model.


Contributors: Andrew Hill, management editor, and Caroline Criado Perez. Producers: Marc Filippino and Fiona Symon

 

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Introducing the FT News Briefing: Fed cuts to zero, airport pinch, hand sanitiser sale

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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Bank of Canada names Tiff Macklem as its next chief

Former deputy set to take over as country faces sharpest economic contraction in decades




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Argentina ready to consider ninth sovereign default, says Guzmán

Finance minister tells FT that government has rejected counter-offer from BlackRock-led group of creditors




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Telefónica/Liberty: rainy day dealmaking

Potential cost cuts should not be used as justification for a UK telecoms tie-up




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Colony Capital reveals $3.2bn default on portfolio company loans

Trump ally Tom Barrack’s investment group in talks with lenders over hotel and nursing home debt




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Turkish lira nears record low after efforts to curb selling

Country’s finance minister seeks to reassure investors on impact of Covid-19




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Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

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




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Deflation is a bigger fear than hyperinflation

A collapse in demand is reducing prices even as central banks print money




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Debt relief alone will not save Argentina

Economic woes go well beyond the coronavirus crisis




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Finding a Covid-19 vaccine needs a global effort

Countries should avoid turning to nationalism and share the burdens




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Airbus is ‘bleeding cash’, says chief executive

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence




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Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money




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Traders brace for reform of US data releases

Banning computers from ‘lock-ups’ forces rethink on how markets respond




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Intercontinental Exchange chief defends eBay approach 

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher




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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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Refinitiv’s data-race struggle highlights LSE challenge

Business being bought from Blackstone-led consortium has lost ground to Bloomberg




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Jeffrey Epstein found the weakness of universities

The need to raise donations led MIT’s Media Lab to a terrible misjudgment




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Tata Steel Europe chief lays out challenges

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs




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Vedanta chief executive resigns 

Departure comes just weeks after Moody’s cut miner’s rating to junk




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Wizz Air chief bullish over recovery in air travel

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday




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Heathrow’s third runway project now ‘impossible’, says IAG chief

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact




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Sibanye-Stillwater chief hails Lonmin deal

Neal Froneman highlights ‘lowest payback period’ after £285m purchase




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Tokyo stock price fall reflects virus threat to Olympics, say analysts

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off




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Philippines shuts financial markets indefinitely

Country becomes first in world to halt all stock, bond and currency trading




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My First Million: Nicholas Gill, chief executive, David Phillips

We grew too fast, but came back stronger