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London Stock Exchange sees future in global data business

The London Stock Exchange group has confirmed that it is in advanced talks to buy Refinitiv in a $27bn deal that would turn it into a global exchanges and data powerhouse. Patrick Jenkins discusses the proposed deal with Arash Massoudi, the FT’s corporate finance and deals editor.


Contributors: Patrick Jenkins, financial editor, Arash Massoudi, corporate finance and deals editor. Producer: Fiona Symon

 

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John Ruskin's message for our times

John Ruskin was a towering figure in the Victorian era: an art critic, social reformer and all round thinker who had a huge influence on British society. After his death he fell out of favour. Yet much of what he wrote about the nature of work and the importance of protecting the environment is relevant today. James Pickford discusses his legacy with Sandra Kemp, an academic who oversees the Ruskin collection at Lancaster University and Andrew Hill, management editor.


The Ruskin: Museum of the Near Future

 

Contributors: James Pickford, deputy FT Money editor, Sandra Kemp, director of the Lancaster University’s Ruskin Library, and Andrew Hill, management editor. Producers: Fiona Symon and Persis Love

 

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Paul Volcker's message for the next generation

Paul Volcker, who died at the weekend, was one of the most influential monetary policy makers of the 20th century. The FT’s Gillian Tett spoke to the former central banker at his home in New York last year about his views on good government, regulating finance and US China relations. In this podcast, she shares some excerpts from the conversation.


Contributors: Katie Martin, markets editor, and Gillian Tett, chair of the FT editorial board (US). Producers: Fiona Symon and Aimee Keane

 

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The year business went 'woke'

2019 was the year when Saudi Arabia launched a long awaited share offering in state oil company Aramco, when Softbank lost its gloss, when accounting giants tightened their belts and when capitalism went 'woke'. Janine Gibson discusses the corporate year and what it spells for next year with Tom Braithwaite and Brooke Masters.


Contributors: Janine Gibson, editor, special projects, Tom Braithwaite, companies editor, and Brooke Masters, comment and analysis editor. Producer: Fiona Symon

 

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Will coronavirus cause a global recession?

As the coronavirus continues to spread, what is the risk that this will push the global economy into recession and what can central bankers and policymakers do to help avoid this? Katie Martin discusses the economic shock caused by the virus with the FT's economics editor Chris Giles.


Contributors: Katie Martin, capital markets editor, and Chris Giles, economics editor. Producers: Fiona Symon and Andrew Georgiades

 

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Mexico’s economy shrinks under pressure from coronavirus

Analysts fear government’s timid fiscal response will prolong the pain




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Brazil’s business leaders fret over Bolsonaro

Confidence levels plunge as growing political crisis compounds economic damage from coronavirus




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Coronavirus lessons for the fight against ‘superbugs’

The world needs to act now to avert the threat from antimicrobial resistance




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Electricity prices slump as businesses close across the US

Shutdowns likely to shift energy use from fossil fuels towards wind and solar




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National Express/placings: fortune favours the financed

Well-capitalised businesses will have an increased advantage for the next few years




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Turkish lira succumbs to pressure and weakens past 7 to dollar

Currency softens beyond key level as investors brace themselves for more interest rate cuts




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EasyJet boosts cash after fresh pressure from Sir Stelios

Airline’s biggest shareholder calls for CFO’s exit over failure to scrap £4.5bn Airbus order 




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Virus outbreak on French warship sparks military weakness fears

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts




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EasyJet says Stelios pressure ‘highly undesirable’

Airline calls shareholder vote on directors in latest escalation of dispute




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Banks press exchanges for virus contingency plans

Industry associations demand detail to manage risk of trading from home




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Neiman Marcus creditor eyes online business in bankruptcy fight

Hedge fund calls for court investigation into 2018 transfer of MyTheresa




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My favourite pieces: Sandra Choi travels far for good accessories

The Jimmy Choo shoe designer says jewellery has influenced her work




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Watch brands move business online to beat lockdown

Pandemic forces rethink of luxury industry after cancellation of fairs




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Business in Hong Kong needs to stay strong

Beijing wants to make companies impose obedience to China on protesting employees




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Jeffrey Epstein found the weakness of universities

The need to raise donations led MIT’s Media Lab to a terrible misjudgment




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Chasing wealth managers is a risky business

Private banks are fighting to advise billionaires who want a lot for their money




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Do global businesses have too much power?

Despite public anger, corporate regulation is likely to remain fragmented




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How we all became screen obsessives

Phones, TV and games constantly vie for our attention — but how much do they add to our lives?




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US stocks fall following new wave of jobless claims

European equities slip after ECB launches fresh push to bolster region’s banking system




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Vedanta presses on with plan to double oil production

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




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Alex Cruz, BA boss suffering from altitude sickness

The four years since his promotion to CEO have been beset by crises




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UK Budget can slay the pessimism that fed populism

If stimulus is well targeted, Boris Johnson’s government may achieve something of elegance




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Nigeria ratifies finance law in boost for small business

Legislation cuts taxes for some enterprises while increasing VAT




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Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers




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UK tenants pay less than half owed in rent

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




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Bank of Mum and Dad enters the bailout business

As young renters feel the pain, parents are having to bridge the financial gaps




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US businesses face uncertainty over paying staff for temperature checks

The time it takes for employees to be assessed is putting companies in delicate legal territory




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US lawmakers clash over new stimulus as jobless rate soars

Scale of unemployment underscores urgency of additional emergency relief funds




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Few precedents for grim US jobless numbers

Economists look back to the Great Depression for clues on the scale of the economic crisis




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UK watchdog orders insurers to pay small business claims quickly

FCA warns failure to act could count against provider’s regulatory record




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Battle between insurers and US business has just begun

Sector faces existential moment as Trump wades into debate over Covid-19 claims




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UK regulator to seek court ruling on business interruption insurance

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




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UK companies to shun business interruption insurance

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




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Relax tax rules on pensions access, argues Sir Steve Webb 

Former pensions minister says the crisis means greater flexibility is needed 




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UK pension trustees urged to watch for dividends and ‘excessive’ bonuses

Industry regulator calls for vigilance over actions of employers during pandemic




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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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Retailers under pressure to close online operations

Yoox-Net-a-Porter and Paul Smith join list of brands that have suspended ecommerce sales




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Recession pushes Hong Kong shoppers to sell their luxury goods

Consumers seeking quick cash unload designer bags, jewellery and luxury watches




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JPMorgan among new backers for paperless voting fintech

Proxymity raises $20m in spinout from Citigroup as shareholder meetings go virtual




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Wall Street inches higher despite spike in jobless claims 

Investors say ‘astounding’ number of unemployment claims in US had been priced into markets




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BNP/SocGen: tankless task

Stay neutral in the battle between French banks and economic adversity




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Non-bank lenders raise concerns over access to ‘bounce back’ loans

Alternative providers fear it will harm competition in market for loans to small business




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Breaking down the eurozone’s worst recession in history

Commission warns pandemic will wipe out growth in all member states and result in an uneven recovery




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Empty US hotels increase pressure on debt investors

JPMorgan data show about one in four loans was behind on payments last month




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TD Waterhouse looks at direct UK market access

Service would allow retail investors to place own orders on market