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Few precedents for grim US jobless numbers

Economists look back to the Great Depression for clues on the scale of the economic crisis




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Axa criticises regulatory confusion over dividend policy

Chief executive Thomas Buberl says different guidance between countries ‘difficult to accept’




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Aviva, RSA, Direct Line and Hiscox pull dividends 

UK insurers bow to regulatory pressure but L&G has said it would push ahead with payout




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Insurer Geico offers $2.5bn of discounts as car accidents dwindle

Industry expects a sharp decline in claims as drivers stay at home during coronavirus pandemic




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More than £52bn in dividend payments at risk in UK

Almost half of British companies have scrapped payouts in response to coronavirus




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UK watchdog orders insurers to pay small business claims quickly

FCA warns failure to act could count against provider’s regulatory record




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Battle between insurers and US business has just begun

Sector faces existential moment as Trump wades into debate over Covid-19 claims




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Admiral to refund £110m of premiums as drivers stay at home

Move by UK group will put pressure on other insurers to follow suit 




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Two UK insurers outline scale of coronavirus claims

Hiscox expects $150m of claims while Beazley expects to pay out $170m




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Governments should backstop trade credit

As corporate insolvencies soar and firms try to hang on to their cash as long as possible, expect to hear a lot more about trade credit insurance.




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Insurers face biggest-ever losses, warns Lloyd’s chief

Pandemic could dwarf other disasters such as Hurricane Katrina, John Neal says




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Insurers are starting to pull trade credit protection 

Euler Hermes has written to some brokers, saying it will offer less support in the UK if the government does not agree to backstop trade credit insurers. 




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UK regulator to seek court ruling on business interruption insurance

Decision comes amid row between companies and insurers on what is covered under policies




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Hiscox/Covid-19 cover: red flag

If the courts rule against the UK-listed insurer, there will be a fresh flood of claims




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Why the cost of protecting directors from lawsuits has soared

Tesla’s decision to buy liability cover from Elon Musk instead of a traditional insurer comes after premiums shot up




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Markets should beware this morally hazardous approach to policymaking

Central banks repeatedly set the stage for the next boom and bust cycle, fuelled by growing debt




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The detective work required to ease lockdown

We need more and better surveys from across the globe to help us take the right course




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Free markets must be protected through the pandemic

Sensible and targeted state intervention can help capitalism to thrive post-crisis




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Perpetual spring: adventures in virtual visiting

You can enjoy flowers online that are past their best in the real world




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Ida B Wells’ overdue Pulitzer helps rebalance history

Black journalist forced America to confront the evils of lynching




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Netflix is chilling in Iceland but the rest of the world is a problem

As global lockdowns boost streaming subscriptions, filming freezes spell trouble ahead




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The time is ripe to reform UK university finance

Cutting tuition fees is no longer realistic, but there are other ways to better support vital courses




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The old are not equally vulnerable to Covid-19

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




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Lockdown wines: the best reds to order from home

Great value can be unearthed in some of the cheapest wines from impeccable producers




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Coronavirus: Retail investors attempt to navigate crisis

DIY investors and those in pensions drawdown scramble to adapt as stock markets plunge 




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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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Managing retirement income in a crisis

Those in pensions drawdown are at risk of  pound cost ravaging




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Regulators urge UK savers to ‘keep calm’ during coronavirus volatility

Investors encouraged to take time before making any changes to their retirement plans




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How the coronavirus threatens Asia-Pacific’s $7tn pensions market

Sector across region hit by fears of panicked mass withdrawals due to pandemic




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Aviva pension clients barred from cashing in property assets

Provider cites coronavirus market turmoil for uncertainty over valuations




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Free FT webinar: Pensions funding storm

The Pensions Regulator and former minister Sir Steve Webb take part in online debate 




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Public sector unions take government to court over pension reform

Judicial review sought over alleged breach of 2015 law, claiming cost benefits should go to scheme members




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I am struggling to secure a job in the UK — should I return home?

Your question for our expert — and readers’ advice




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Virgin Money profits halve as it prepares for surge in bad loans

UK lender is latest to warn coronavirus-induced economic disruption will hit its clients




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More than £2bn lent under ‘bounce back’ scheme on first day

Light touch checks on UK borrowers raise fears of defaults on loans and fraud




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Force banks to take on more capital, says Sajid Javid

Former chancellor urges lenders to keep credit flowing and not just weather the storm




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Black is white for Anglo Irish Bank’s long-suffering shareholders

PwC’s finest scientific minds attempt to prove banks can exist in two states at once




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John McCain, Republican senator, 1936-2018

Vietnam vet and old-school conservative whose friendships crossed the political aisle




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George HW Bush, 41st US president, dies aged 94

Deft foreign policy and Gulf war victory defined his one term in office




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Sadako Ogata, UN High Commissioner for Refugees, 1927-2019

She turned the agency into a diplomatic and moral force




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Mulberry creative chief Johnny Coca to depart

British handbag maker’s value has plummeted 85% in past two years as turnround plan stalls




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Retailers under pressure to close online operations

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




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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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Adidas backtracks on rent freeze after public outcry

Sportswear maker apologises but warns it cannot bear virus lockdown for long   




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LVMH and L’Oréal upbeat on recovery

Luxury and beauty bellwethers predict gradual rebound once coronavirus shutdowns end




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P&G sales boom as stay-at-homers do more laundry

Cleaning products up, shaving items and make-up down in household goods group’s best quarter in years




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Royal Philips predicts intensive care beds must double globally 

Healthcare tech group chief calls estimate to deal with coronavirus ‘conservative’ as it boosts medical equipment production




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Toilet roll mania boosts sales of Andrex maker Kimberly-Clark   

Retailers are still replenishing stocks after panic buying ahead of coronavirus lockdowns




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Retail: fast fashion, interrupted

Coronavirus is highlighting more than the industry’s wasteful ways; its iniquitous supply chain is also in the spotlight




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Adidas says lockdown recovery will be ‘gradual rather than instant’

Sportswear maker warns sales could drop as much as 40% in second quarter