Charging 2 per cent to hold assets when returns are low is wrong, writes Sebastian Mallaby

Legislation cuts taxes for some enterprises while increasing VAT

Pretoria has waived rules that prevented mining groups generating electricity for their own use

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

Company to refund fraction of policy premiums to reflect reduction in driving  

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

Dissatisfaction grows as watchdog calls on courts to act quickly on Covid-19 disputes

Black journalist forced America to confront the evils of lynching

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

Why, from an investment perspective, Covid-19 suppression is the equivalent of kicking the can down the road.

Companies with strong balance sheets are best placed for post-crisis rebuild

How do democracies measure up against autocratic regimes in handling the pandemic?

Airline forecasts capacity will be almost wiped out in the second quarter

Companies are seeking to tap whatever sources of affordable funding are available

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses

It is the deepest, broadest, most liquid market for larger global businesses

Pension funds need to spend less time on ESG and get back to basics

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

Money matters are a surprise hit on the photo-sharing app

How to navigate government help schemes, the benefits system, redundancy pay and help from banks

Take steps to improve your relationship with money and the role it plays in your life

Pharma and chemicals group says it will ‘defend itself vigorously’ amid mounting cases

The Nobel laureate talks to Anjana Ahuja

Welcome to Due Diligence, the FT’s daily deals briefing

Rise in plaintiffs comes as German chemicals group reports 19% jump in sales

Private equity firm Vista Equity Partners said on Friday it will invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and Silver Lake that have also made bets on the Indian telecom giant in recent weeks. The planned announcement, which would give the U.S.-headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake in […]

UK government spending faces increasing pressures

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 […]

Samsung overnight released its earnings guidance for the first quarter of 2020, stating that it expected sales of $45.4 billion and an operating profit of roughly $5.3 billion. The company’s fiscal year is aligned to the standard calendar year, and it will announce official earnings results on April 23. Those numbers are slightly up from […]

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 […]

Paige, the Sloan-Kettering spinout that has been building an artificial intelligence platform to improve cancer pathology and subsequently use those insights to develop better drug therapies, has raised an additional $5 million in funding to continue its work commercialising its platform and expanding its research reach, while also getting FDA clearance to launch in hospitals […]

Chief executive criticised over move to offer liability cover following premium increase

Profit forecasts ditched as coronavirus disrupts operations

Impact of lockdown weighs on company earnings but stock markets look for optimism

When currency traders are nervous, they don’t head for the hills, but for the mountains

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

Health secretary pledges to increase tests to 100,000 a day in England by enlisting big companies and private labs

Twitter has said that tweets posted early Tuesday morning by Tesla and SpaceX CEO Elon Musk that irresponsibly call for restrictions put in place to defend against the spread of COVID-19 don’t violate its guidelines around inaccurate or disputed information about the coronavirus that could cause harm. Musk tweeted a series of things on Tuesday, […]

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

Achieving zero emissions by 2050 would require unprecedented global co-operation

It is simply another policy tool, neither the royal road to hyperinflation nor a cure-all

This time it is capital markets, rather than banks, that have to reform

Apple is said to be developing its own competitors to popular over-ear noise-cancelling headphones like those made by Bose and Sony, Bloomberg reports, but with similar technology on board to that used in the AirPod and AirPod Pro lines. These headphones would also include a design with interchangeable parts that would allow some modification with […]

Phone-based system controls entry and exit to neighbourhoods and taxi cabs

A collapse in global car-booking demand was offset by a surge in food delivery at Uber

Machine learning ops focuses on the ML model and datasets, as opposed to code. Data engineers run MLOps, but it’s likely that the specialized role of MLOps engineer will come about soon.

It’s not a converted industrial warehouse in Brooklyn. Or a stately, century-old building in the Flatiron. But YC-backed Regalii’s atypical office location up in the Dominican-heavy Washington Heights neighborhood of Manhattan has given it plenty of insights into its working-class immigrant customer base. The startup, co-founded by several Latino founders who personally knew the hassles of sending money home, […]

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

His imperious manner and lack of emotional intelligence make him vulnerable

German and French leaders’ hesitation could be fatal