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Coronavirus vaccine: an epidemic of nationalism

First country to get a vaccine could have an economic as well as a health advantage




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Philippines: Duterte takes aim at the oligarchs

The president has turned his populist fire on big business, but is he attacking corporate greed or political opponents?




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Shopify: customer service

Retail services group’s new Shop app needs a price gimmick to lure buyers in




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Colony Capital reveals $3.2bn default on portfolio company loans

Trump ally Tom Barrack’s investment group in talks with lenders over hotel and nursing home debt




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Can governments afford the debts piling up to stabilise economies?

Two experts debate the long-term impact on inflation of the Covid-19 rescue packages




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The self-destruction of the ‘Tropical Trump’

Brazil’s Jair Bolsonaro is building the case for his own impeachment




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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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Stockpickers failed to take ‘big chance’ in market rout

Rise of volatility and dispersion was supposed to bring a change of fortunes versus passive




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Chevron to slash spending further despite robust first quarter

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand




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African entrepreneurs pitch to Alibaba founder Jack Ma

Business contestants battle for $1m prize money in glitzy televised extravaganza




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Tokyo stock price fall reflects virus threat to Olympics, say analysts

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off




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Philippines shuts financial markets indefinitely

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




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GPIF hunts for overseas bonds to escape Japan’s low yields

Strategy shift comes shortly after $1.4tn fund’s CIO tweeted he was stepping down




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Best of this week’s opinion

Our columnists’ thoughts on corporate and global debt, and economists’ Covid-19 approach




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Force banks to take on more capital, says Sajid Javid

Former chancellor urges lenders to keep credit flowing and not just weather the storm




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Philips: ventilator pitch

Strategic decisions by chief executive make the Dutch company a safe bet




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Kimberly-Clark: wiping the floor

Personal care group boosted by stockpiling frenzy ahead of lockdown




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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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Trade volumes spike at exchanges across Europe

Coronavirus-linked turmoil draws many investors out into the open




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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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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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Capita’s shares hit as investors worry over restructuring

Chief Jon Lewis admits outsourcer has ‘more to do and requires more investment’ than expected




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UK housebuilders close sites despite lockdown exemption

Taylor Wimpey and Barratt halt work in effort to stem spread of coronavirus




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Building sites start to close despite government advice

Move comes amid escalating political row with London’s mayor over coronavirus risks




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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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Total keeps dividend and sets climate goal despite profit plunge

French energy group makes emissions pledge as first-quarter profits drop 35%




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Hidden threat: Japan has only 2-week stockpile of LNG

Coronavirus exposes nation’s post-Fukushima vulnerability




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National Grid RPI-linked 10-year sterling retail bond

Corporate bond links income and capital to inflation




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Tesco launches new RPI-linked bond

More options for savers seeking real returns




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How are you coping without your cleaner?

James Max, the FT columnist, takes questions from readers about the misery of household chores




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Coronavirus: US deaths spike as fatalities spread outside NY — as it happened

Russia's coronavirus outbreak worsens and Federal Reserve research finds a correlation between deaths from the influenza pandemic in 1918-1920 and extremist voting in Germany in 1932 and 1933

Read more




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Zeitgold raises $29.2M to automate bookkeeping

Zeitgold has raised a Series B round of $29.2 million (€27 million). Overall, the company has raised more than $54 million (€50 million). The company is building a software platform for small companies to automate bookkeeping as much as possible. Vintage Investment Partners is leading today’s round with existing investors Battery Ventures, HV Holtzbrinck Ventures, […]




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TechCrunch’s top 16 picks from Techstars April virtual demo days

Like other accelerators, Techstars, a network of more than 40 corporate and geographically targeted startup bootcamps, has had to bring its marquee demo day events online. Over the last two weeks of April, industry-focused accelerators working with startups building businesses around mobility technologies (broadly) and the future of the home joined programs in Abu Dhabi, […]




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Banked picks up £2.35M seed to use open banking for account-to-account payments

Banked, a London-based fintech using open banking to enable account-to-account payments at checkout (and beyond), has raised £2.35 million in further seed funding. The round was led by Force Over Mass, with participation from previous investors Backed and Acrew Capital, along with a number of high-net-worth individuals, such as Paul Forster (co-founder of Indeed.com). It […]




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Vote for Europe’s hottest startups in The Europas Awards + workshops, pitches, networking

The Europas Awards — which have been recognising the hottest European tech startups in since 2009 — are now open for the public voting stage, prior to the formal judging process. The entries have been sorted and sifted by journalists to compile an editorially-driven ‘long list’ of some of Europe’s most exciting startups and investors. […]




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Runa Capital closes Fund III at $157M, with an added focus on quantum computing

VC fund Runa Capital was launched with $135 million in 2010, and is perhaps best known for its investment into NGINX, which powers many web sites today. In more recent years it has participated or led investments into startups such as Zipdrug ($10.8 million); Rollbar this year ($11 million); and Monedo (for €20 million). HQ’d […]




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Big data shows Covid-19 reshaping ESG; UN PRI’s long-term crisis plan; sustainable funds stand tall

Your guide to the investment and business revolution you can’t afford to ignore




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My pity package of Chinese face masks sends a bigger message

As US health workers suffer from inadequate protection, there are signs of a shifting world order




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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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Pinn’s illustration of the week: ‘I’m too busy to watch it’

Trump impeachment hearings go public




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Ingram Pinn’s illustration of the week: In the frame

TV debate vacates centre ground




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Pinn’s illustration of the week: Safe hands

UK election campaign fights for national health




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Ingram Pinn’s illustration of the week: Emergency emissions

COP25 attempts to confront climate change




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Ingram Pinn’s illustration of the week: Rule of law

Democrats gear up for US impeachment




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Pinn’s illustration of the week: Transition

Boris Johnson rules out trade deal extension




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Pinn’s illustration of the week: Thin ice

The world faces increasing temperatures




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Ingram Pinn’s illustration of the week: Happy New Year

Tensions in Iraq and North Korea greet Trump’s re-election plans




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Pinn’s illustration of the week: Appearing act

Carlos Ghosn takes the stage




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Pinn’s illustration of the week: Tariff truce

‘Phase one’ deal provides only limited relief in US-China trade war