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France limits nicotine sales after coronavirus study  

Stimulant given as ‘likely’ reason for lower infections but authorities stress health risks




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US and Chinese researchers team up for hunt into Covid origins

Scientists co-operate on search for Covid-19 origins despite charges Beijing is withholding data




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Drugmakers race to scale up vaccine capacity

Funding bodies face a choice between established manufacturers and biotech upstarts




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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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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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Can China win big in vaccine race with biotech bet

Nation’s pharma industry has matured but is still a lot better at incremental innovation than major breakthroughs




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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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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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United Airlines abandons $2.25bn bond offering

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown




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Policy response determines plenty

Mike Mackenzie’s daily analysis of what’s moving global markets




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Finding a Covid-19 vaccine needs a global effort

Countries should avoid turning to nationalism and share the burdens




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FCA researchers outline $5bn ‘tax’ imposed by high-speed trading

Paper released by UK regulators homes in on tactic known as latency arbitrage




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Intercontinental Exchange chief defends eBay approach 

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher




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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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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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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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British Steel’s Chinese rescuer to complete purchase next week

Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved




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Tianqi looks to sell stake in world’s largest lithium mine 

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project




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BA job cuts signal depth of crisis for airline sector

Post-Brexit Britain will need a viable industry to support global role




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United Airlines prepares to cut workforce to reduce cash burn

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions




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South Africa’s miners shut down by power cuts

State utility Eskom removed power to stave off grid collapse




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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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South African miners applaud move to cut reliance on Eskom power

Pretoria has waived rules that prevented mining groups generating electricity for their own use




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AngloGold sells world’s deepest gold mine in South Africa exit

Move could pave way for company to shift primary listing to London




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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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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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UK quarantine plan poses fresh setback for aviation sector

Airlines and airports say 14-day isolation period would be a ‘death blow’ to industry




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Aviva, RSA, Direct Line and Hiscox pull dividends 

UK insurers bow to regulatory pressure but L&G has said it would push ahead with payout




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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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Two UK insurers outline scale of coronavirus claims

Hiscox expects $150m of claims while Beazley expects to pay out $170m




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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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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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Equalise front-line doctors’ death benefits, says BMA

Some families of medics who die in service will receive higher payouts than others under current rules




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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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Smokers stock up on tobacco and nicotine products

Legal marijuana producers also report spike in demand during lockdown 




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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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Decline in UK construction activity slows in January

PMI rises to 8-month high on reduced uncertainty but downturn continues




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Building site closures undermine key housing targets

Lockdown threatens UK’s push to tackle national housing shortage




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Norwegian Cruise Line raises $2.2bn in fight to stay afloat

Company pledges two ships and two islands as collateral in upsized refinancing plan




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Newmont earnings surge more than ninefold

World’s biggest gold miner reaps rewards of pandemic price effect and Goldcorp acquisition




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Biggest US oil refiner posts $9.2bn loss as fuel demand dives

Marathon cuts capital spending by $1.4bn in anticipation of 30% drop in output




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Game on — tap into the growing world of online gaming

Fortnite is typical of the new business model, renting access to a platform




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Deal of the week: Scottish Power Online Fixed Saver

Scottish Power has launched a new energy plan that allows customers to fix their bills




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ThinCats Bond for Business

Invest in a loan to a small business, but with a manager to assess the risk