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Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




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UK pound slips more than 1% in first two trading days of May

Sterling under pressure from US-China angst and renewed Brexit concerns




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Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




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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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Turkey bans FX trades with UBS, Citi and BNP as lira hits record low

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis




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The thorny dilemma of when to reopen schools

Schools can spread infection, but long absences mean gaps in learning




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How to preserve jobs as retention schemes wind down

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




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Markets are out of step with economic reality

Investors are looking to the future, but should beware of over-optimism




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Pandemic is putting banks’ resilience to the test

Regulators must ensure that lenders’ defences are sufficiently robust




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How to help the poorest through the lockdowns

Near-unconditional cash transfers are the most efficient form of relief




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Debt relief alone will not save Argentina

Economic woes go well beyond the coronavirus crisis




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The class of 2020 need help to start their careers

New workers could suffer the scarring effects of lockdown for decades




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EasyJet boosts cash after fresh pressure from Sir Stelios

Airline’s biggest shareholder calls for CFO’s exit over failure to scrap £4.5bn Airbus order 




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Stelios complains to regulator as easyJet row intensifies

Founder urges FCA to act as he presses airline to cancel multibillion pound Airbus order




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Virus outbreak on French warship sparks military weakness fears

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts




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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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Boeing investors could wait ‘years’ for dividend to return

Aircraft maker’s chief executive says focus will be on rebuilding balance sheet post-pandemic




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EasyJet says Stelios pressure ‘highly undesirable’

Airline calls shareholder vote on directors in latest escalation of dispute




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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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FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

Paper released by UK regulators homes in on tactic known as latency arbitrage




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European regulator takes another shot at ‘dark pools’

Watchdog also offers concession on post-Brexit share trading




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Central banks ‘hesitant’ on digital currencies, says ex-governor

Christian Noyer believes projects available to consumers are a way off yet




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EU regulator allows short delay to new rules on failed trades

Industry bodies had been lobbying for longer postponement over fears of hit to bond markets




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Banks fear Ion/Broadway deal will push up forex fees

Acquisition allows group to build bigger share of the $6.6tn-a-day market




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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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‘Intense’ trading sends exchange volumes to record

Platforms report soaring activity after coronavirus outbreak spooks investors




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TP ICAP hits record trading volumes from market volatility

UK interdealer broker forecasts low single-digit revenue growth for the year




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Banks press exchanges for virus contingency plans

Industry associations demand detail to manage risk of trading from home




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ABN Amro takes $200m hit from failure of a single client

Dutch bank was forced to close out positions at substantial loss




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Global regulators delay derivatives rules due to market volatility

Watchdogs put 12-month extension on new margin requirements, citing coronavirus threat




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NYSE to review circuit-breakers after sharp drops

US benchmark S&P 500 can drop a maximum 7 per cent before first protection kicks in




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Interactive Brokers takes $88m hit from crude futures collapse

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




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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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US options exchanges prepare to reopen trading floors

Arca in San Francisco and Box in Chicago will throw open their doors on Monday




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Neiman Marcus creditor eyes online business in bankruptcy fight

Hedge fund calls for court investigation into 2018 transfer of MyTheresa




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Prince Andrew repaid own charity after queries from regulator

Charity Commission intervened over £350,000 of payments to Duke of York’s private secretary




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Apple will start to reopen some US stores

iPhone maker says it will make county-by-county assessments as states start to ease lockdowns




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Fashion lovers snap up revamps of famous watches

Tweaked timepieces popular with public but some original makers cry foul




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Lockdown lunches: how to make French onion soup

Tim Hayward helps the FT's Daniel Garrahan turn his kitchen into a Parisian bistro




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Invent a greener milk carton for the world

Tetra Pak’s innovation overtook the glass bottle but it needs to be improved




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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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Juul and the damage done to e-cigarettes

The US is in danger of lurching from lax oversight of vaping to banning it unwisely




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Big Oil should rebel against its customers

Energy companies facing climate protests need to limit the wasteful use of their products




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A diamond is not forever at a fashion house

LVMH’s $14.5bn bid for Tiffany shows power passing from gem miners to luxury marketers




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Billionaires have never had it so good

Fortunes are created by technology and globalisation, as well as talent and enterprise




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LVMH has become a luxury department store

Bernard Arnault’s company is the modern incarnation of La Samaritaine and Neiman Marcus




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China’s internet interference is TikTok famous

The video app loved by teenagers is powered by artificial intelligence and protectionism




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Goodbye to all that creative destruction

In 16 years of columns on business, the only constant has been disruptive innovation




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The trends that shaped a decade of domestic life

From high-tech to hygge, our homes changed at top speed in the 2010s — what will the 2020s bring?