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White men run 98% of finance. Will philanthropy help?

Time wasted is time lost, says the Kresge Foundation as it makes a public pledge




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Guatemala and US in talks over safe third-country status

Plans for asylum seekers come despite state department advice to ‘reconsider travel’ due to crime




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US shifts strategy in effort to dislodge Maduro

International talks may be only way to break impasse




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Guaidó representative recognised at fractious OAS

Organization of American States voted to accept Venezuela’s US-backed alternative regime




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Fears grow of Venezuela malnutrition time-bomb

Aid workers warn that millions face long-term damage to health as food crisis continues




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Host countries struggle to cope with Venezuela refugee crisis

Colombia seeks $1bn in funds as UN aid appeal falls well short of target




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Latin America faces a second ‘lost decade’

From Chile to Bolivia, revolts against leaders from left and right have root causes in stagnant growth and weak investment




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The death of Chile’s pension promise

Protesters urge overhaul of system once lauded as the ‘Mercedes-Benz’ of retirement provision




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Venezuela: refugee crisis tests Colombia’s stability

With the exodus set to continue, the strains on Bogotá and other governments are set to intensify




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Bolsonaro defies coronavirus to rally against Congress

Brazilian president criticised for rubbing elbows with crowds while awaiting second virus test results




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Bolsonaro and López Obrador draw fire for coronavirus response

Brazil and Mexico leaders ignore medical advice while Latin America begins crackdown




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Drug gangs in Brazil’s favelas enforce coronavirus lockdown

Organised crime steps in as President Bolsonaro dismisses pandemic as ‘sniffles’




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Ride-sharing jolt prompts Uber to follow Lyft on job cuts

Lay-offs of 3,700 in latest round as lossmaking operators face ‘formidable’ challenges




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The decline of an American institution

How the coronavirus outbreak has accelerated the demise of US department stores




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‘Covid-proof’ Peloton enjoys stay-at-home fitness boom

Company says 1.1m people downloaded its app in six weeks, sending shares to record high




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Neiman Marcus files second big US retail bankruptcy of lockdown

Upscale US department store follows J Crew as latest debt-burdened chain felled by pandemic




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Facebook recruits great and good for a chance at change

Appointments including former PM and Nobel laureate suggest turn toward establishment




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UK grapples with phasing out job furlough scheme

Treasury fears removing government support could trigger wave of redundancies




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Johnson looks to border checks as price for easing lockdown

UK expected to take gradual approach to lifting restrictions after Monday




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UK universities braced for reform when crisis ends

Government warns of ‘restructuring’ in return for rescue funding




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Starmer blames Corbyn for Labour’s election defeat

New party leader gives clear signal he will take party in a different direction




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UK regulators delay two-thirds of new measures in response to Covid-19

Rules concerning Brexit preparations prioritised over tougher environmental standards




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BingeWatch: Rick and Morty is space comedy fuelled by booze and snark

With new episodes launching today, now is the perfect time to revel in the cruel humour of the hit cartoon




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The Day the War Ended — poetry for VE Day

Randall Swingler served in the 1939-45 war and went on to publish two postwar collections




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Painting crowds, or the lack of them, from Monet to Fordjour

Until the early 20th century, a mass of figures often dominated works but Modernism preferred emptiness




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Mark Ruffalo plays diverging twins in I Know This Much Is True

Six-part series adapts Wally Lamb’s novel about family, loss and mental illness




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The best of TV and streaming this week

Our pick of the latest series and documentaries — plus older favourites to binge on




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Archaeologists compete with detectorists in finding notable jewellery

Ancient antagonists build bridges as treasure finds mount up




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Simon Godwin: ‘Theatre has lived through plagues before’

The director talks about gender-swaps, fundraising and the future of drama after lockdown




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Saudi Aramco flotation to rely on local money

Foreign investor subscriptions less than 11% as data confirms scaled back ambitions




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Indonesia looks to set up sovereign wealth fund

Initiative would be modelled on Singapore’s Temasek with focus on start-ups




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Saudi Arabia renews push for $2tn Aramco valuation

State funds and families encouraged to buy shares in pursuit of Prince Mohammed target




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Lebanon is heading for default on its debts, warns Fitch

Beirut hit by another sovereign bond downgrade amid political crisis




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Dubai raises public spending to ward off slowdown

Forecast of 3.2 per cent growth in 2020 would be improvement on 2.1 per cent in 2019




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Why Lebanon’s debt crisis has left it vulnerable

Once known for its resilience, the country’s fragile financial system has triggered angry protests




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Dubai steps up efforts to revive property market

Emirate seeks to get grip on sector after prices fall 40% from their 2014 peak




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Lebanon’s economic crisis requires an urgent decision on IMF aid

The country is trapped in a full-scale emergency that could unravel social bonds




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Egypt seeks investors for military-run companies

Move designed to assuage fears over army’s growing role in the economy




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Lebanon’s sovereign default leaves creditors facing big losses

London-based Ashmore bet heavily on the country’s short-term debt




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Lebanese buy up property as government defaults

Investors seeking safe haven for cash are driving a real estate boom




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Arab world’s middle-income nations face tough coronavirus choices

Countries from Jordan to Egypt will struggle to mitigate the pandemic’s economic impact




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Cash-rich Gulf funds hunt for bargains as asset prices plunge

Saudi Arabia’s PIF has snapped up stakes in a cruise operator, oil groups and a football club




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Iberdrola chief praises Bolsonaro after Neoenergia IPO

Ignacio Galán says energy distributor’s listing highlights president’s market-friendly policies




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Brazil’s pension reform bill set for crucial first vote

Proposal successfully passes committee stages on the way to plenary vote




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Brazil’s booming credit markets fan hopes of ‘revolution’

New York listing of XP highlights transition to a new world of lower interest rates




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Brazilian football pays penalty as clubs resist reform

Mismanagement and corruption leave some of nation’s biggest teams on brink of collapse




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Farmers’ protests pose challenge to Argentina’s new president

Alberto Fernández seeks to bolster state coffers with tax raid on country’s most powerful industry




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Saudi Aramco stretches away as top IPO after extra sale

Goldman exercises option to sell more stock, bringing total proceeds to $29bn




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NMC Health founder eyes a return to embattled group

77-year-old entrepreneur BR Shetty ‘looking to buy out Emirati partners’




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UK watchdog probes mystery of top NMC Health investors

FCA and group seek to clarify positions of BR Shetty and other leading shareholders