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Weinstein accuser tells her story

Rowena Chiu, former assistant to Harvey Weinstein, tells the story of her alleged abuse by the former Hollywood producer and discusses how to prevent non-disclosure agreements from being used to silence the victims of crime with Pilita Clark and Kate Beioley.


Contributors: Pilita Clark, business columnist, Rowena Chiu, former assistant to Harvey Weinstein, and Kate Beioley, legal correspondent. Producer: Fiona Symon

 

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How can we survive without plastic?

Start-ups and consumer giants are trying to find a solution to the deluge of plastic packaging that ends up in landfill or polluting our oceans. Finding a solution will be far more complex than just recycling more, Leila Abboud and Leslie Hook tell Pilita Clark. Read Leila's article here or listen to Ellen MacArthur talk about the plastics in our oceans here.


Contributors: Pilita Clark, business columnist, Leila Abboud, consumer industries correspondent, and Leslie Hook, environmental correspondent. Producers: Fiona Symon and Persis Love.

 

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How medical websites share our data

Hundreds of millions of people turn to the web each day to seek answers to medical concerns. But the information they share is far from secret. Madhumita Murgia, the FT's European technology correspondent, has been looking into what happens to the personal health information we share with these websites, and she tells India Ross what she discovered..


Contributors: India Ross, tech creative producer, and Madhumita Murgia, European technology correspondent. Producer: Fiona Symon

 

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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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What happened between the US and Iran?

Iranian military leader and commander of the Quds Forces, Qassem Soleimani, was killed on the 3rd of January in a targeted US air strike at Baghdad airport, Iraq. What did Soleimani mean to Iranians and why did the US order the airstrike that killed him? Najmeh Bozorgmehr discusses the story with Andrew England.


Contributors: Andrew England, Middle East editor and Najmeh Bozorgmehr, Tehran correspondent. Producer: Persis Love

 

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Putin seeks to secure his legacy with power shake-up

Russia’s president Vladimir Putin has been in power for two decades and now it looks as though he intends to stay indefinitely. He has launched an overhaul of the country’s power structures that could allow him to extend his control after his official term ends in 2024. Katie Martin discusses the move with Max Seddon in Moscow and Ben Hall, Europe editor.


Contributors: Katie Martin, capital markets editor, Max Seddon, Moscow correspondent, and Ben Hall, Europe editor. Producer: Fiona Symon

 

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Is Trump abusing his power over the judiciary?

The sentencing of Trump ally and political strategist Roger Stone was mired in controversy after the US president criticised a juror and the original prosecutors in the case. The same week, Donald Trump granted clemency to seven white collar criminals. Does the president have too much power over the judicial system? Brooke Masters discusses with Edward Luce and Kadhim Shubber.


Contributors: Brooke Masters, opinion and analysis editor, Edward Luce, US national editor and columnist and Kadhim Shubber, US Legal and enforcement correspondent. Producers: Fiona Symon and Persis Love.

 

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Rana Foroohar on the trillion dollar fightback, Biden sweep

The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. 


Western governments pledged trillions of dollars in stimulus measures to limit the economic fallout from the coronavirus pandemic on Tuesday. The FT’s global business columnist Rana Foroohar explains what it could mean for Wall Street and Main Street. Plus, Impossible Foods raises $500m in a round that will help the US-plant based burger group to see through the economic upheaval caused by the current crisis, and Joe Biden solidifies his status as the frontrunner to take on Donald Trump in November.

 

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How an unproven drug became a bellwether for global stocks

Investors have bet on Gilead’s remdesivir as solution to coronavirus crisis




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US solar industry powers ahead as investors back batteries

Fund managers and energy-hungry tech companies bankroll ‘solar-plus-storage’ projects




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Drax to end use of coal at UK’s biggest power plant 3 years early

Group says 230 jobs will be lost at Selby site at it looks to beat 2025 fossil fuel deadline




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China’s Belt and Road power grids keep security critics awake

As Beijing connects the region, the Philippines weighs ‘shutdown’ risk




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Energy: how Texas learned to love solar power

A boom in projects across the Permian Basin comes amid coronavirus fears and a global oil price war 




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ScottishPower breaks ranks on energy bailout calls

Supplier says sector should be ‘back of the queue’ for additional government support




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EDF poised to lodge Sizewell C nuclear plant application   

Suffolk residents cry foul as French group seeks to continue process despite lockdown  




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Lex Midweek Letter: Amazon’s May Day mayday

Customers and investors may appear immune to staff complaints but regulators have not lost interest




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Architect of Sweden’s no-lockdown strategy insists it will pay off

Epidemiologist Anders Tegnell says other countries could face big ‘second wave’




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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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US stock sell-off wipes out gains for the week

S&P 500 falls after Big Tech raises red flags over virus impact and US-China tensions ratchet higher




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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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JPMorgan and Goldman throw weight behind exchange start-up

MEMX is hoping to disrupt the US equities market when it launches in July




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Watches and Jewellery: May

Global lockdown forces watchmakers to accelerate their digital transformation. Plus: Frédéric Arnault talks about Tag Heuer’s foray into smartwatches; smart jewellery translate sound for deaf people; and the value of vintage motorsport-themed watches is only going one way: up.




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Wearables speak up for the deaf and the lonely

Smart jewellery can help people with disabilities but funding is needed




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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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WeWork’s prophet has lost his charisma

Adam Neumann transformed shared offices but failed to charm stock market investors




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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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Market rout reopens big gaps between winners and losers

Return of dispersion comes after years of similar returns across sectors




we

Rio weighs closure of Icelandic smelter as it struggles with power costs

ISAL facility remains unprofitable as aluminium producers face weaker demand and prices




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England bans sale of coal and wet wood to improve air quality

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021




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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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Uranium bucks weak commodity trend

Radioactive material at risk of supply shocks given small number of dominant mines




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Norwegian Air: taking a flyer

Lenders and lessors had little alternative but to accept the debt-for equity swap




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Why the oil market is even weaker than you think

Producers’ realised prices are lower than they appear, while traders are braced for more turmoil




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South Africa to impose its biggest rolling power blackouts

Eskom will remove 6,000 megawatts of demand to avert total collapse of national grid




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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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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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US stocks close up 3.4% in positive start to week

S&P 500 records fourth gain in five sessions, despite new leg down for oil prices




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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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£1m-plus mortgage borrowers pay over the odds

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 




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Tesco/UK dividends: welcome to the witch trials

Cancelling payouts should not become a loyalty test




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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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Ida B Wells’ overdue Pulitzer helps rebalance history

Black journalist forced America to confront the evils of lynching




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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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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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Free FT webinar: Pensions funding storm

The Pensions Regulator and former minister Sir Steve Webb take part in online debate 




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Westminster loses battle over pension fund investments

Court rules government guidance that bans boycotts against foreign countries is unlawful




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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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Unilever: no clean sweep

Consumer goods group missed its moment but there is much to keep investors onside