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Loeb looks to back out of $2.6bn Global Blue deal

Hedge fund billionaire cites Silver Lake-backed company’s reliance on international travel




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Louis Bacon’s Moore Capital gains after going it alone

Billionaire investor hits winning bets in global macro after closing to external money




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Michael Hintze’s hedge fund hit hard by credit bets

Billionaire CQS trader hurt by exposure to default-ridden energy sector




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This market was in trouble long before the virus hit

Harsher medicine this time round would put asset prices on a better long-term footing




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Europe’s banks face a test of resilience

Since their peak almost a month ago, European banks indices have plunged 40 per cent




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Euro 2020 football tournament set to be postponed

Organisers expected to delay flagship event in order to let European domestic leagues finish




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European countries ban short selling after markets plunge

‘We are ready to go further,’ says French minister after issuing temporary prohibitions




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How Covid-19 tore through global markets in first quarter

Every major asset class has been disrupted




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Global stocks end higher on hopes of oil price war truce

Energy sector leads US S&P 500 to 2.3% gain   




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Equity market rally runs out of steam

S&P 500 closes lower as investors await more evidence of progress against virus and extra stimulus




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French markets regulator backs extension of short-selling ban

AMF chairman cites uncertainty around dividends and coming downgrades to credit ratings




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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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Euroclear holds on to its cash ahead of virus downturn

Settlement house delays payout and project to let small shareholders cash out




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UK construction sector hit by further fall in new orders

Brexit and election weigh on sentiment as builders suffer eighth month of contraction




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Bloomberg fined €5m over report of fake news release

French regulator says agency failed to verify false story that sent Vinci shares down 18%




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Boom in global sand trade fuels conservation fears

Countries ban exports in attempt to protect environment as consumption is set to soar




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Bill for pair of Carillion hospital projects doubles

Failed outsourcer’s work on Liverpool and Birmingham hospitals running years behind schedule




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Hochtief/Dubai hotels: deconstructed

Middle East building downturn that began in 2015 shows little sign of abating




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Crest Nicholson profits tumble after sales hit by Brexit paralysis

FTSE 250 housebuilder also takes charge for fire safety review after Grenfell tragedy




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Balfour Beatty: a constructive attitude

Should the UK deliver its promises, infrastructure contractors will be in for a bonanza




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Construction confusion as UK working instructions published then withdrawn

Mixed messages follow industry protests over 2-metre distance ruling




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UK construction: financial muscle required

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




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The global elite is finally getting used to Donald Trump

Differences remain but Europe leaders are growing accustomed to US president’s style




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Carrie Lam mounts Hong Kong charm offensive in Davos

Chief executive defends government’s handing of protesters and police conduct




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China, not America, will decide fate of the planet

But its coal addiction and authoritarian system mean it will struggle to take a global lead




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Eric Li: ‘How do you block a country of 1.4bn?’

The pro-Beijing venture capitalist on Trump, China’s rise — and Xi Jinping’s ‘little red app’




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Annexation: the return of a dangerous idea

It is not illegitimate to change borders, but it must be done through negotiation




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Brexit solved with the sword of Damocles

The UK is being belligerent, the EU inflexible. But a deal can be done this year




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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 Beijing reframed the virus response narrative

Arguments for authoritarianism and against democracy will be made with increased boldness




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Nationalism is a side effect of coronavirus

The pushback against globalisation will come from protectionists, national-security hawks and greens




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Life in Europe’s coronavirus hotspots

Miles Johnson and Daniel Dombey discuss the lockdowns in Italy and Spain




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New York suffers double shock

Gillian Tett on the city's struggle to contain the virus and the financial fallout




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Francis Fukuyama on coronavirus and the crisis of trust

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




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Politics and perils of running the WHO

Gro Harlem Brundtland on lessons of SARS and how to handle a pandemic




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The pandemic could bring a global ceasefire

Several long-running conflicts are edging towards a temporary halt to hostilities




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How will the lockdowns end? FT journalists answer your questions

Andrew Edgecliffe-Johnson, Hannah Kuchler and Gideon Rachman assess the next stage of the coronavirus crisis




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Joseph Nye on morality in foreign policy

Gideon Rachman talks to Joseph Nye about the role of morality in shaping foreign policy




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Lagardère fends off Amber Capital’s bid to replace board

Activist investor sought to take control of strategy at French group led by Arnaud Lagardère




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CVC and Blackstone in talks to invest in Italian football league

Private equity firms in separate discussions to back coronavirus-hit Serie A




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Coronavirus threatens €10bn hit to football transfer market

Player values tumble as Europe’s top teams prepare to cut spending after pandemic weakens revenues




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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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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Top investor calls for dismissal of Wirecard chief Markus Braun

Deka Investment urges chairman to act quickly to end crisis of confidence in payments group after special audit




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Videoconferencing hit delivers biggest ever Nordic software IPO

Pexip deal marks bright spot in otherwise bleak European IPO market




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Liberty Global and Telefónica agree £31bn deal to merge UK groups

Combination of O2 and Virgin Media set to transform British telecoms market




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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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Liberty Global and Telefónica dial up changes in ‘deal of decade’

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic




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Carsten Spohr seeks softer landing for Lufthansa

If Berlin agrees a €9bn bailout for the airline, it is likely to want a 25 per cent stake and board seats




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Interview: Frédéric Arnault takes a bite out of Apple’s smartwatch market

Tag Heuer’s digital chief sees connected watches as a point of entry to the mechanical models