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.

German media group Axel Springer is seeking to go private with the help of US investor KKR. Katie Martin discusses what both sides stand to gain from the move with Arash Massoudi and Tobias Buck.

Contributors: Suzanne Blumsom, executive editor, Katie Martin, capital markets editor, Arash Massoudi, corporate finance and deals editor, and Tobias Buck, Berlin correspondent.

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The French luxury goods group LMVH has made a surprise $14.5bn offer for Tiffany’s, the New York jeweller immortalised in the 1961 film Breakfast at Tiffany’s.  Harriet Agnew and Vanessa Holder talk to Katie Martin about whether the takeover bid will succeed and the merits for both sides in the current geopolitical climate.

Contributors: Katie Martin, capital markets editor, Harriet Agnew, Paris correspondent and Vanessa Houlder, Lex writer. Producers: Persis Love and Fiona Symon

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Boss of clothing retailer deserves a premium; Astra’s eyes on big prize

Gilead’s potential coronavirus treatment stirs investor hopes but evidence on effectiveness is mixed

Group says 230 jobs will be lost at Selby site at it looks to beat 2025 fossil fuel deadline

Suffolk residents cry foul as French group seeks to continue process despite lockdown  

Oil and gas company in Texas given approval to use unmanned aircraft to inspect vital infrastructure

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

SEC sets out proposal to provide investors with faster, broader trading figures

Move illustrates how coronavirus impact is rippling through manufacturing supply chains

Group’s founder Anil Agarwal undeterred by price crash and debt levels

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

Chief executive Mark Bristow says miner has taken lessons on tackling coronavirus from experience of Ebola outbreak

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire

Suspected suicide comes as Angolan billionaire indicted for money laundering

Emergency move to prevent people being thrown out because of virus

Many decide to hold on to cash, triggering disputes with landlords in commercial and residential sectors

Airlines and airports say 14-day isolation period would be a ‘death blow’ to industry

Medical community warns of dangers from use of cleaning agent as internal treatment

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

Group ramps up production of cleaning and sanitising goods amid coronavirus crisis

Financial services unit mandate a ‘first step’ in adjusting to decline in business

European Commission seeks to strengthen enforcement powers after banking scandals

Glencore-backed First Cobalt to open Canada refinery this year in attempt to cut reliance on China

For some analysts the industrial metal looks cheap, even given the Covid-19 slowdown

Cardholders will receive 3 per cent cashback on fuel

Three-year savings account will pay immediate returns straight away

Bond pays out 105 per cent on RPI

New current account offers 3 per cent interest and cashback on bills

1% cashback for mortgage customers with 123 account

Winners of the FT’s personal finance competition love learning about money

Bank blames low-interest environment and impact of banking regulation

Swiss company announces ‘challenging’ results a day after its chief executive quit

New York company wins bidding against Kerry for nutrition and biosciences unit

German chemicals group blames Brexit and trade tensions for earnings fall

VC fund Runa Capital was launched with $135 million in 2010, and is perhaps best known for its investment into NGINX, which powers many web sites today. In more recent years it has participated or led investments into startups such as Zipdrug ($10.8 million); Rollbar this year ($11 million); and Monedo (for €20 million). HQ’d […]

Rich countries need to fund infectious disease treatments properly

Corporate accountants could have a significant impact on green issues

The coronavirus pandemic is significantly slowing the growth of Facebook’s ads business, but investors seem pleased with the company’s performance in Q1 after Facebook released its earnings report Wednesday. The company beat Wall Street expectations on revenues, sharing that they had made $17.74 billion while falling short on earnings per share at $1.71. The company […]

For many college seniors, school is a time for self-exploration, considering options, leisurely contemplating the future. Yet that’s rarely the case for computer engineering students who either attend the world’s best universities or rise to the very top of their classes. Almost immediately after choosing their courses during the first week of school, they typically […]

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform, has announced it’s taking a minority stake in Swedish payments platform Klarna . Klarna has a strong European presence and a flagship product that lets shoppers buy now and pay later in interest-free installments (typically 14 or […]

A lot of restaurants have shuttered in the wake of stay-at-home guidance and government orders for non-essential businesses to close down, so a startup called Cheetah that provided a wholesale delivery service for them pivoted to selling to consumers, and now it’s raised a round of funding, both to expand its business and to help […]

Volkswagen and Daimler report billions of dollars in lost profits due to impact of coronavirus

Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. The technology giant generated $35 billion in revenue, up 15% from the year-ago period. That top line led to $13 billion in operating income (+25% YoY), and $10.8 billion in net income (+22% YoY). […]

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 […]

I am a US citizen who has lived in the UK for nearly 20 years

Could Retirement Interest Only mortgages be an option for many older people?

When Zoom started having security issues in March, they turned to former Facebook and Yahoo! Security executive Alex Stamos, who signed on as a consultant to work directly with CEO Eric Yuan. The goal was to build a more cohesive security strategy for the fast-growing company. One of the recommendations that came out of those […]