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Martín Guzmán: Argentina cannot afford to pay creditors more

Even before Covid-19 struck, the country’s debt trajectory was out of control




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AstraZeneca and Oxford university agree deal to develop virus vaccine

Partnership that would prioritise UK could produce 100m doses by year-end if treatment is effective




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Swiss central bank suffers record loss in market rout

First-quarter volatility deals $39bn blow to SNB as it steps up fight for Swiss franc




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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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Turkish lira nears record low after efforts to curb selling

Country’s finance minister seeks to reassure investors on impact of Covid-19




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Turkey bans FX trades with UBS, Citi and BNP as lira hits record low

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis




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Bankrupt Lebanon’s turn to IMF is overdue

A bailout is the Mediterranean country’s only option to refloat its sinking economy




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Boeing suppliers Hexcel and Woodward call off $6.4bn merger

Aircraft parts manufacturers pull plug in first big deal to collapse due to coronavirus pandemic




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Airbus cuts aircraft production by a third

European aerospace group confirms it will slash output of popular A320 single-aisle jet




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‘Intense’ trading sends exchange volumes to record

Platforms report soaring activity after coronavirus outbreak spooks investors




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TP ICAP hits record trading volumes from market volatility

UK interdealer broker forecasts low single-digit revenue growth for the year




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The Apple Card is an expensive way to pay

It is right for the Fed to lead America towards faster and more efficient bank payments




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US executives rush in record numbers to ‘buy the dip’

As the stock market plummeted last month, managers of big companies saw value 




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Heathrow’s third runway plan faces further delay of at least two years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed




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‘Too hard to tell’ if US travel ban will be lifted this year, says Mnuchin

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale




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Frequent flyer: goodbye gold card, so long silver

Grounded travellers are facing downgrades but some airlines are rewarding loyalty




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Virgin Atlantic to cut third of staff to survive Covid-19 crisis

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business




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Heathrow’s third runway project now ‘impossible’, says IAG chief

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact




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Space or bust: Richard Branson’s Virgin dilemma

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus




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Nigerian border closures cut smuggling but drive up prices

Benin crossing has been shut for three months, halting trade on vital frontier




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Wall Street records first back-to-back gains in over a month

S&P 500 gives back some of its earlier rally as US stimulus package attracts objections on Capitol Hill




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Japan’s corporate cash-hoarders have moment in sun

Virus’s swift and unforgiving economic effect may silence activists




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Moral hazard, again

There is a grim irony in the wealthy seeking bailouts due to bad bets on working people




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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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Markets should beware this morally hazardous approach to policymaking

Central banks repeatedly set the stage for the next boom and bust cycle, fuelled by growing debt




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How to choose chic knobs for cupboard doors

Look for something elegant and distinctive but not overbearing




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Ida B Wells’ overdue Pulitzer helps rebalance history

Black journalist forced America to confront the evils of lynching




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Lockdown wines: the best reds to order from home

Great value can be unearthed in some of the cheapest wines from impeccable producers




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US state pension system hit hard by coronavirus pandemic

Sharp falls across financial markets in March have caused large drop in aggregate funded ratio




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Lockdowns lower personal grooming standards, says Unilever

Homeworking prompts decline in demand for consumer group’s skin and haircare products




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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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EY orders consultants to take time off as work slows

Financial services unit mandate a ‘first step’ in adjusting to decline in business




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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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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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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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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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Top Wirecard shareholder calls on board to end ‘whitewash’

Union Investment says new outside executives are needed to move the company on after special audit




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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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Lagarde says ECB ‘undeterred’ by German court challenge

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




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Wirecard under investigation over statements to investors

German regulator looks at group’s statements ahead of KPMG special audit report




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Are Woodford woes an opportunity for patient tech investors?

The Adventurous Investor senses there could be future value in spinout specialists




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Santander 123 cashback credit card

Cardholders will receive 3 per cent cashback on fuel




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Renters and self-employed hit hard by Covid-19 lockdown

A third of self-employed reported working reduced hours during the first two weeks of lockdown




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Investors festive as Wall Street’s record streak continues

Key markets simmering during the thin trading sessions around year-end




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Hedge funds calculate cliff-edge Brexit fears overdone

Lansdowne, Odey and Wadhwani among those betting on a revival of UK equities




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The market may reward companies that kept things going

Political goodwill for Spire Healthcare could act as a tailwind once virus impact eases




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Burford faces long wait over $1bn Argentina claim

Case linked to 2012 nationalisation of oil company proves tricky for litigation funder




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James Murdoch makes investment to combat fake news

The former Fox CEO commits millions to battle against disinformation




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Retired customers find it harder to break up with their bank  

Finding a good credit card deal when you’re older is more difficult