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Neiman Marcus files second big US retail bankruptcy of lockdown

Upscale US department store follows J Crew as latest debt-burdened chain felled by pandemic




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BingeWatch: Rick and Morty is space comedy fuelled by booze and snark

With new episodes launching today, now is the perfect time to revel in the cruel humour of the hit cartoon




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Saudi Aramco raises $25.6bn in world’s biggest IPO

State-owned oil company’s $1.7tn valuation falls short of kingdom’s ambitions




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Saudi Arabia renews push for $2tn Aramco valuation

State funds and families encouraged to buy shares in pursuit of Prince Mohammed target




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Lebanon’s sovereign default leaves creditors facing big losses

London-based Ashmore bet heavily on the country’s short-term debt




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Iran embarks on biggest IPO as economy struggles

Sale of shares in state-run holding company generates income for government




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Brazil’s pension reform bill set for crucial first vote

Proposal successfully passes committee stages on the way to plenary vote




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Saudi Arabia takes £350m shot at Newcastle United

Fans cheer prospect of Ashley exit but obstacles remain to getting deal across line




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Saudi Arabia’s former energy minister returns in cabinet reshuffle

Khalid al-Falih to lead a new government ministry for investment




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Saudi Arabia launches oil price war after Russia deal collapse

Kingdom to raise crude production and offer deep discounts just as coronavirus hits demand




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Gruppo San Donato withdraws from bidding for NMC

Italy-based hospital chain was only potential suitor after buyout group KKR ruled out its involvement




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Saudi Arabia oil gamble threatens modernisation drive

Decision to drive down crude price after Russia row will hit revenue




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Saudi Arabia’s PIF takes 8.2% stake in cruise operator Carnival 

Rare sign of investor confidence in industry battered by coronavirus pandemic




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On digital: 1917 / Jojo Rabbit

Sam Mendes’ powerfully immersive Great War drama; a camply cavorting Hitler in Nazi-era fable




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An ebbing tide exposes a rising number of corporate bloopers

Sloppy housekeeping, soaring debt and spendthrift ways were easier to ignore in a stronger market




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Sanders exits just as big government returns 

A key legacy of the self-described socialist has been to shift the Democratic party to the left




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Digging Joe Biden out of his basement 

Coronavirus is depriving the former vice-president of a real campaign




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Big Tech can no longer be allowed to police itself

Companies are able to fan the flames of fake news and also to remove it




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Big Tech and Amazon: too powerful to break up?

While Google, Facebook and Twitter are set for a grilling in Congress over Russia, it is the online retailer that is drawing intense scrutiny




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Franken’s fall is good news for Big Tech

Senator was one of few Democrats to challenge monopoly power, writes Rana Foroohar




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US lawmakers scrutinise Broadcom bid for Qualcomm

Mnuchin urged to examine ‘deeply concerning’ takeover attempt by Singapore chipmaker




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DoJ must make antitrust fit for the age of Big Tech

Competition law should take changing business models into account




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Robin Lane Fox: my 50 years at the FT

Our columnist on why he has no plans to stop and the changes he has seen




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Coronavirus and hard Brexit — the last combination the UK needs

It’s hard to find a single trade type who thinks failing to agree an extension is anything but a potential disaster




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Brussels warns outbreak threatens eurozone’s stability

Bloc faces worst recession in its history as report calls for pan-European recovery plan




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Biotech stock soars on debut as coronavirus fuels investor boom

Akeso’s shares surge in Hong Kong as buyers brush off city’s economic downturn




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UK’s biggest care home group warns of coronavirus hit to business

HC-One says rising costs and lower occupancy rates are putting strain on finances 




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‘Disease’ of recruitment bias: is tech cure or cause?

Critics of AI platforms doubt whether they eliminate human interviewers’ prejudices




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Lockdown deepens woes of India’s mobile operators

Subsidies and freebies to retain cash-strapped users add to sector’s financial burden




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Orange becomes first big European telecoms group to cut dividend

Chief of French state-backed company said decision was made with ‘heavy heart’




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Retro charm of two wheels may not save e-bikes and scooters

After lockdown, start-ups will need to work with city authorities to keep cars off the roads




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The big idea behind the ‘tiny house’ movement

It offers a way to avoid mortgage debt and landlord enrichment — and live a scaled-back life




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The Metropolitan Opera’s online gala was the most ambitious event of its kind

A star-studded cast sang from their own homes in the New York opera house’s four-hour show




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Americans’ $2bn lockdown booze binge

Sales for drinking at home soar but alcohol companies say they do not offset bar closures




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Deutsche Bank overhaul, Orcel's Santander lawsuit and Dublin's banking ambitions

Patrick Jenkins and guests discuss Deutsche Bank's radical overhaul, Andrea Orcel's lawsuit against Santander and Ireland's plans to expand Dublin as a financial centre. With special guest Michael D'Arcy, Irish financial services minister.


Contributors: Patrick Jenkins, financial editor, David Crow, banking editor, Olaf Storbeck, Frankfurt financial correspondent, and Laura Noonan, US banking editor. Producer: Fiona Symon

 

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Britain's Brexit gambit, Thiam ouster

Matthew Vincent and guests discuss revelations about the UK's opening gambit in seeking a deal on 'equivalence' with the EU, Tidjane Thiam's ouster from Credit Suisse, HSBC's delay in choosing a permanent chief executive, and challenger bank Starling's fund raising. With special guest Ann Boden, chief executive of Starling Bank.


Contributors: Matthew Vincent, regulation correspondent, David Crow, banking editor, Stephen Morris, European banking correspondent, and Nicholas Megaw, retail banking correspondent. Producer: Fiona Symon

 

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Ramadan under coronavirus: ‘It will be bittersweet’

Most mosques shuttered and gatherings banned as Islamic world prepares for holy month




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Billionaire vs president — Assad family dispute grips Syria

Rami Makhlouf’s complaints against his cousin show strains in power structure




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Lockdown lifestyle: changing internet habits during the pandemic  

Local news sites are experiencing a resurgence and streaming is more popular than ever




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Venice Biennale preview

Established in 1895, the Venice Biennale has been called anachronistic - with its focus on separate national pavilions despite the international nature of today's art market. Is it an outdated model? If so, why are more countries than ever taking part this year? It is a series of exhibitions not an art fair - yet Venice has long been a centre of trade. Just how commercial is its Biennale? Jan Dalley puts these questions to Jackie Wullschlager and Peter Aspden, and picks some highlights ahead of the 54th Venice Biennale. Produced by Griselda Murray Brown  


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Venice Biennale preview

Established in 1895, the Venice Biennale has been called anachronistic - with its focus on separate national pavilions despite the international nature of today's art market. Is it an outdated model? If so, why are more countries than ever taking part this year? It is a series of exhibitions not an art fair - yet Venice has long been a centre of trade. Just how commercial is its Biennale? Jan Dalley puts these questions to Jackie Wullschlager and Peter Aspden, and picks some highlights ahead of the 54th Venice Biennale. Produced by Griselda Murray Brown  


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The birth of dramedy: Peter Aspden on Steptoe and Son

As a stage version of the classic BBC sitcom comes to London, the FT’s arts writer reflects on the series’ pioneering mix of comedy and drama  


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Emir-art: Peter Aspden reports from the Sharjah Biennial

The emirate’s contemporary arts event considers some thorny regional issues in a deceptively laid-back way, says the FT’s arts writer  


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Object lessons: Peter Aspden on memorabilia

A militarist matchbox, a spoof banknote, a Lennon album. . . the FT’s arts writer presents a very personal history of the past half-century in 10 objects  


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Happy Birthday, Leonard Cohen

The singer-songwriter is about to turn 80 – a rite of passage not only for him but also for rock music. Peter Aspden celebrates a musician with a rare talent for staying ahead of the times  


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The Life of a Song: Ode to Billie Joe

Bobbie Gentry's understated ballad was reworked by jazz musicians, the 'rebel-country' movement and Motown - and even parodied by Bob Dylan. Ian McCann traces its history  


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Saudi Arabia repatriating thousands of migrants back to Ethiopia

UN official warns mass deportations risk spread of coronavirus to the region




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Warnings of unrest mount as outbreak hits food availability

G20 agriculture ministers urge governments not to disrupt global supply chains




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Retirement homes, mobile phone bills and tennis club membership

Retirement property has a reputation for being a rip off, but several large operators claim to have reinvented the model. The FT's Money Mentor columnist Lindsay Cook joins Claer Barrett to discuss the issues. Next up, is your mobile phone a drain on your finances? Guy Anker from MoneySavingExpert tells us how. And finally, listeners hear from the FT's Rich People's Problems experts about the controversy surrounding his local tennis club.

 

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Former Zambian finance ministers and officials push for IMF deal

President urged to secure rescue deal as economy ‘on verge of collapse’