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Inside Bill Ackman’s $2.6bn big short

Hedge fund chief bets on stockmarket recovery after profiting from coronavirus sell-off




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Rio Tinto expects rising commodity demand from China

Anglo-Australian mining group benefits from resilient iron ore price




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Coronavirus leads to ‘staggering’ drop in global energy demand

Fall could be the equivalent of India’s total annual consumption, IEA says




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UK property demand plunges as virus takes hold

60 per cent decline in sales predicted in the next three months




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Brighton theatre fears lockdown could bring curtain down permanently

Survival of coastal city’s vibrant arts scene will depend on community ‘being on the front foot’




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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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Fernando Pacheco, doctor and cornerman, 1927-2017

He tried to persuade Muhammad Ali to retire from the ring before it was too late




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Herman Wouk, author, 1915-2019

A prolific American talent who defied the snobbery of literary critics




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Ross Perot, businessman and politician, 1930-2019

His 19% in 1992 was best result for independent presidential candidate in 80 years




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Robert Morgenthau, Manhattan district attorney, 1919-2019

He became the scourge of the Mob and white-collar crime in New York




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Pets at Home sales benefit from surge in demand

Essential retailer says coronavirus uncertainty means it will not give guidance for year ahead




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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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Reckitt posts record sales growth as disinfectant demand surges

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




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The pandemic is yet to dampen demand for luxury goods resales

If anything, it’s only made the most coveted more sought after, as online sellers adapt to cater for their clientele.




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On front-loading economic Covid-19 underperformance

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




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Human rights under threat from politics

Human rights are regressing worldwide and the UN’s ability to defend them is under attack




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How strongman leaders will exploit coronavirus crisis

It is easy to take advantage of frightened people who have accepted infringements on freedom




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A misguided court judgment in Germany

The ECB’s asset purchases are vital to the stability of the eurozone




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Euro weakens after German court ruling on ECB’s bond-buying

Strategists expect concerns about eurozone stability to dent the currency




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Lagarde says ECB ‘undeterred’ by German court challenge

ECB intends to resist court injunction to justify its sovereign bond purchases




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Air France-KLM prepares for years of shrunken demand

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




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German court calls on ECB to justify bond-buying programme

Bundesbank told to halt participation unless central bank shows policy is ‘proportionate’




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Thermal coal prices collapse after virus lockdowns sap demand

IEA expects global consumption will decline 8% this year in largest drop since second world war




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Biggest US oil refiner posts $9.2bn loss as fuel demand dives

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output




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US stocks look set to continue their outperformance

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




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New Sipp dealing account has no annual management fee

New Sipp dealing account has no annual management fee




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Avast’s rotten week is a lesson in crisis management

Shares in security software maker dropped sharply after revelations of data harvesting




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Where the fund manager consolidation narrative goes wrong

Optimism, not pessimism, could spark future takeover offers for UK investment houses




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Simple rules for managing your money

Learning how to budget is a vital skill to master at the beginning of a career




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Huntsman sells chemicals units to Indorama for $2bn




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The end of China’s chemical romance

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




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Kairn is a new task manager focused on speed

Meet Kairn, a new startup coming out of stealth today with a sneak peek of what the company has been working on. As Wunderlist shuts down, Kairn wants to prove that there’s still room for an innovative task-management service. “We’re building a task manager that is smart and focused on capturing tasks,” co-founder and CEO […]




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Deep Render raises £1.6M for image compression tech that mimics ‘neural processes of the human eye’

Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render […]




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Facebook stock spikes despite ‘significant reduction’ in demand for ads

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 […]




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Merkel’s successor must confront Germany’s decline

Investment strategies have failed to prepare the country for the technology shock




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Germany’s testing success looks real — for now

But statistics that show how many days one country is behind another are humbug




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Don’t blame German judges if they say No to ECB asset purchases

It would be the underlying law and EU treaty that needs changing, not the ruling




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Pinn’s illustration of the week: Supply and demand

Tech companies caught in coronavirus disruption




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Samsung expects COVID-19 to hurt smartphone and TV sales, but increase demand for memory

In its first-quarter earnings report today, Samsung said it expects the COVID-19 pandemic to continue impacting its business for the rest of the year, cutting into sales for smartphones and TVs, but increasing demand for PCs, servers and memory chips as people continue to work or study from home. Samsung’s results for the first-quarter of […]




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Paige adds $5M from Goldman Sachs to double down on AI-based cancer therapies

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 […]




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Why the coronavirus crisis won’t mark a peak in oil demand

Transport demand will rebound while the pandemic will reboot the use of plastics




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Sensor Tower raises $45M as demand for app data grows

Mobile app market intelligence firm Sensor Tower, which provides data-driven insights about the app economy, has raised $45 million in new funding from Riverwood Capital. This is the first significant investment the now-profitable company has seen since its $1 million seed round in 2013. The investment speaks to the growing demand for data about the […]




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German Bund looking more appealing

Investors seek better-quality government bonds




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Fund managers back equities for 2012

What the experts are forecasting for next year




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How can I manage the succession of our family business? 

My mother has early onset dementia and her health is deteriorating rapidly




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Deep Render raises £1.6M for image compression tech that mimics ‘neural processes of the human eye’

Deep Render, a London startup and spin-out of Imperial College that is applying machine learning to image compression, has raised £1.6 million in seed funding. Leading the round is Pentech, with participation from Speedinvest. Founded in mid-2017 by Arsalan Zafar and Chri Besenbruch, who met while studying Computer Science at Imperial College London, Deep Render […]




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Wealth management could soon cost less than you’d think

Costs are falling — but it still looks far more expensive than it should




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The many confusing shades of green for investors

All portfolios should at least nod to the idea that there’s more to life than short-term profits. But how?




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Monetary financing demands sober management

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




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Greylock’s Reid Hoffman and Sarah Guo to talk fundraising at Early Stage SF 2020

Early Stage SF is around the corner, on April 28 in San Francisco, and we are more than excited for this brand new event. The intimate gathering of founders, VCs, operators and tech industry experts is all about giving founders the tools they need to find success, no matter the challenge ahead of them. Struggling […]