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Google faces sustained regulatory attack from emboldened critics

Political mood in US has shifted against big tech companies




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Home secretary faces calls to relax palliative drug rules 

GPs and charities warn patients dying from coronavirus are suffering unnecessarily




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Australia faces ‘humanitarian disaster’ on board cruise ships 

Trade union issues warning as coronavirus fears leave 11,000 crew members stranded at sea 




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Fall of the roaming empire: telecom groups face revenue loss as travel collapses 

Industry forecast to suffer $25bn hit this year as coronavirus changes working life




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Facebook/Jio: one-sided relationship

Social media giant eyes new audience in India but deal may not leave it with much to take home




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Trudeau faces pressure to end Canada gas pipeline blockade

Indigenous protests over gas project are snarling rail traffic and hurting businesses




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Reopening of Beeching rail lines faces long delays

Tory manifesto pledge aimed at ‘levelling up’ the regions of Britain faces uphill struggle




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UBS's 'Swinegate', Deutsche's bad bank and Facebook's digital currency

Patrick Jenkins and guests discuss UBS's cultural faux pas in China, Deutsche Bank's plan to set up a 'bad bank' and Facebook's bid to shake up the payments world. With special guest Jan Kvarnström, bank restructuring expert.  


Contributors: Patrick Jenkins, financial editor, Don Weinland, Beijing financial correspondent, Stephen Morris, European banking correspondent, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

 

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Lloyds' offshore banking problem, Facebook's Libra and US stress tests

Patrick Jenkins and guests discuss Lloyds Bank and its offshore banking problems, the latest on the regulatory tests facing Facebook's Libra initiative, and how banks have fared in this year's US Fed stress tests.


Contributors: Patrick Jenkins, financial editor, Nick Megaw, retail banking correspondent, Hannah Murphy, technology correspondent, and Kiran Stacey, US regulatory correspondent. Producer: Fiona Symon


 

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Facebook's Libra, UK digital banks and JPMorgan metals traders charged

Patrick Jenkins and guests discuss Facebook's recent talks with the world's central bankers on its plans for a digital currency, whether the UK's challenger banks can maintain their astonishing rate of expansion, and a potential scandal at JPMorgan as three of its metals traders are charged with market manipulation. With special guest Tom Merry, managing director at Accenture Strategy.


All FT stories will be free to read on Wednesday September 18th when there will be a paywall freeze. Here are some recommendations to get you started:

ECB prepared to cut rates again, says its chief economist

Swedbank admits to money-laundering failings

https://www.ft.com/content/c65b32d8-d648-11e9-a0bd-ab8ec6435630


Contributors: Patrick Jenkins, financial editor, Mehreen Khan, Brussels correspondent, Nicholas Megaw, retail banking correspondent, and Henry Sanderson, commodities correspondent. Producer: Fiona Symon

 

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StanChart pay row, Citigroup on Brexit and Facebook's Libra

David Crow and guests discuss Standard Chartered chief Bill Winters' 'voluntary' pay cut after a dispute over his pension allowance, Citigroup's confidence in the City of London regardless of the outcome of Brexit, and gathering clouds for Facebook's much hyped digital currency, Libra. With special guest David Livingstone, chief executive of Citigroup in Europe, the Middle East and Africa.


Contributors: David Crow, banking editor, Stephen Morris, European banking correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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'Facebank', financial scams and shareholder rights

Facebook plans to shake up the finance world with a new digital currency called Libra - we hear about its pros and cons. Next up, we discover what Moll Flanders, the literary anti-heroine, can tell us about modern day bank fraud. And finally we find out how smaller shareholders can stand up for their rights. 

 

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Millions of Americans face crisis payment delays

Consumers who use tax preparation services or software could have to wait months for money




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Rio Tinto faces fresh investor revolt over Mongolia mine

Pentwater Capital calls for boardroom change in vehicle developing Oyu Tolgoi




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England face Ashes test after World Cup glory

Amity between old adversaries almost certain to crumble once first ball is bowled




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Venezuela faces threat of coronavirus catastrophe

Oil price collapse and crumbling health system put Latin American nation at risk




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Venezuelan migrants face tough choices as virus spreads

Work dries up under lockdown but returning home could be more perilous than staying put




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Argentina’s creditors face debt restructuring dilemma

Bondholders weigh deal with Macri against negotiating with likely successor Fernández




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Election: Boris Johnson and Jeremy Corbyn face off in final TV debate — as it happened

Boris Johnson and Jeremy Corbyn spar in a televised debate just six days before the general election.

Read more




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Facebook's digital currency initiative

Facebook has revealed plans for a new global digital currency, claiming it will enable billions of people around the world without a bank account to make money transfers. Patrick Jenkins discusses the initiative and what it means for the banks with Nick Megaw, Caroline Binham and Elaine Moore.


Contributors: Suzanne Blumsom, executive editor, Patrick Jenkins, financial editor, Nick Megaw, retail banking correspondent, Caroline Binham, financial regulation correspondent and Elaine Moore, deputy head of Lex. Producer: Fiona Symon

 

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China faces dilemma over Hong Kong protests

Hong Kong protests against a proposed extradition law that would allow criminal suspects to be handed over to China are continuing, despite a concession by the Hong Kong chief executive to suspend the proposed law. Naomi Rovnick discusses discusses what’s at stake for China and what the protesters are seeking to achieve, with Tom Mitchell in Beijing and Sue-Lin Wong in Hong Kong.


Contributors: Suzanne Blumsom, executive editor, Naomi Rovnick FT Live reporter, Sue-Lin Wong, South China correspondent and Tom Mitchell, Beijing bureau chief. Producer: Fiona Symon

 

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Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project




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LSE’s $27bn deal for Refinitiv faces heat in Brussels

London bourse’s transformative acquisition is facing more scrutiny than expected




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Aluminium industry faces huge supply glut

Thousands of jobs at risk as coronavirus pandemic leads to a fall-off in demand




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Tata Steel may face obstacles in securing Covid loan

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt




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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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Hong Kong’s hidebound brokers face coronavirus reckoning

Viral outbreak has sped shift to online platforms, squeezing many traditional outfits




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US mortgage lenders face liquidity crunch

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying




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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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Insurers face biggest-ever losses, warns Lloyd’s chief

Pandemic could dwarf other disasters such as Hurricane Katrina, John Neal says




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Income investors face ‘dividend drought’

£3.5bn worth of dividend payments cancelled this week 




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Income-seeking investors face an uphill struggle 

Even dividends from stalwarts Shell and BP may be in doubt in the fallout from the Covid-19 crisis 




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Europe’s banks face a test of resilience

Since their peak almost a month ago, European banks indices have plunged 40 per cent




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UniCredit overhaul faces years-long delay as pandemic takes toll

Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss




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Wall Street banks face $100m of losses on Las Vegas deal

Citigroup was biggest lender but Deutsche, Barclays and SocGen are also on the hook




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StanChart and HSBC face losses on loans to rice trader

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses




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Ocado’s rise faces test in food security rethink

Competitive landscape is unclear as food delivery becomes a utility




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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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Bayer faces 5,000 new lawsuits over pesticide cancer claims

Pharma and chemicals group says it will ‘defend itself vigorously’ amid mounting cases




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Bayer faces more claims over weedkiller cancer allegations

Rise in plaintiffs comes as German chemicals group reports 19% jump in sales




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US lawyers and insurers must face Covid-19 liability

Private lawsuits are a vital tool for upholding standards in the free market system




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Disney’s pay furore; Robeco warns of green risk in tech; JPM, McDonald’s face ESG fight

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




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A Covid-19 supply chain surprise? Exxon and Barclays face proxy battles; challenging data on ESG fund growth




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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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The lockdown is driving people to Facebook

The quarantine lockdown is driving a record number of users to Facebook’s products. On a conference call, CEO Mark Zuckerberg disclosed a number of new metrics highlighting a significant bump in Facebook usage during the broader quarantine lockdown. In the past month, more than 3 billion internet users logged onto a Facebook service, including its […]




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Facebook now allows users in the US & Canada to export photos and videos to Google Photos

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]




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Facebook to add gift cards, jobs and donation tools to its COVID-19 Community Help hub

Facebook is expanding its Community Help hub to better serve local communities amid the COVID-19 pandemic. The hub has already seen significant usage by those requesting food, supplies and information about local resources, as well as use by volunteers and groups willing to lend a hand. Now, Facebook is adding more features to the hub […]




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Discover is Facebook’s new effort to help people access websites for free — but with limits

Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]




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Facebook users are buying and selling pangolin parts, even though it’s illegal

In spite of their protected status under international laws, pangolins remain one of the most trafficked animals in the world — and at least some of that trade is taking place right out in the open on Facebook . A new report from tech watchdog group the Tech Transparency Project details how Facebook users are […]