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Lockdown could be worse than disease in poor countries

Instructing people to stay at home is to confine millions to cramped housing




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How much do you need to retire on? The answer is more than you think

There's been a series of scary surveys this week about how much we need to save to fund our retirement so Claer Barrett, FT Money editor, has invited Moira O'Neill from Interactive Investor joins onto the podcast to talk us through the numbers. Next up, have you heard of a Susu? Emma Agyemang reveals details about the revival in this decades-old method of saving. And finally, the FT's Rich People's Problems columnist James Max joins us in the studio to discuss the cost of getting a new puppy.

 

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Remittance flows expected to plunge more than $100bn

Coronavirus hit to global economy depletes vital source of finance for poor nations




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People are better than money at motivating employees

Stable, extroverted, agreeable people tend to like their jobs, irrespective of their salaries




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Lloyd Blankfein: ‘I might find it harder to vote for Bernie than for Trump’

The former Goldman chief executive on the crash, the criticism — and sparring with Bernie Sanders




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Cost of vaccinating billions against Covid-19 put at more than $20bn

Sum far exceeds $8bn fundraising target at upcoming EU-led donors’ conference




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UK pound slips more than 1% in first two trading days of May

Sterling under pressure from US-China angst and renewed Brexit concerns




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Deflation is a bigger fear than hyperinflation

A collapse in demand is reducing prices even as central banks print money




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Lufthansa considers filing for creditor protection as aid talks stall

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions




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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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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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More than £52bn in dividend payments at risk in UK

Almost half of British companies have scrapped payouts in response to coronavirus




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More than £2bn lent under ‘bounce back’ scheme on first day

Light touch checks on UK borrowers raise fears of defaults on loans and fraud




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Adidas says lockdown recovery will be ‘gradual rather than instant’

Sportswear maker warns sales could drop as much as 40% in second quarter




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Carsten Spohr seeks softer landing for Lufthansa

If Berlin agrees a €9bn bailout for the airline, it is likely to want a 25 per cent stake and board seats




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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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Coronavirus: US death toll rises by more than 2,000 for third straight day — as it happened

Eurozone GDP in historic fall, millions more Americans file for unemployment, Shell cuts dividend for first time since second world war and UK's AstraZeneca combines with Oxford on a potential vaccine

Read more




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Sirius more attractive than BHP’s Jansen, says Anglo CEO

Mark Cutifani says polyhalite a ‘very differentiated’ product to potash




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Italy is in more danger than the eurozone knows

It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends




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5G devices were less than 1% of US smartphone purchases in 2019

No surprise, really, that 5G smartphone sales are on the way up. Frankly, there’s really no other way to go, according to the latest numbers from NPD’s Mobile Phone Tracking. The firm noted that 5G handsets accounted for less than 1% of total sales in the U.S. The hurdles are also what you’d expect: namely, […]




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Autotech Ventures raises more than $150 million with an eye on ground transportation startups

Autotech Ventures popped on the scene three years ago with a $120 million debut fund and a plan to invest in early-stage ground transportation startups. Now, with investments in 26 startups and a handful of exits, including Xnor.ai, DeepScale and Frontier Car Group, the venture firm is back with a new, bigger fund and the […]




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Wealth management could soon cost less than you’d think

Costs are falling — but it still looks far more expensive than it should




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FDA authorizes production of a new ventilator that costs up to 25x less than existing devices

The U.S. Food and Drug Administration (FDA) has authorized the manufacture of the Coventor ventilator, a new hardware design first developed by the University of Minnesota. The project sought to create a ventilator that could provide the same level of life-saving care as existing ventilator models, but with a much lower cost to help ramp […]




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DDG Wolff: “The time now is for action rather than reflection”

In remarks delivered to a virtual meeting on 7 May hosted by the Foreign Trade Authority of Saudi Arabia, Deputy Director-General Alan Wolff said governments must step up international cooperation to respond to the challenges of the COVID-19 pandemic. For the multilateral trading system, this includes addressing measures to deal with the global health emergency, cooperation to support the needed economic recovery, and assuring the system is more resilient and effective in underwriting future global economic growth. DDG Wolff’s remarks are below




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EIA's Annual Energy Outlook 2020 explores the changing U.S. energy mix through 2050 as consumption grows more slowly than production, particularly of oil, natural gas, and renewables, resulting in increasing exports and relatively stable CO2 emissions

The U.S. Energy Information Administration (EIA) released updated projections of future U.S. energy production and use in its Annual Energy Outlook 2020 (AEO2020) today.




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United States will return to importing more crude oil and petroleum products than it exports

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.




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Skip a Trip to the Market. Get 18 Bottles of Wine Delivered for Less Than $10 Each.

Taste your way around the world's finest wine regions with this sampler pack.




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20 Franchises You Can Launch for Less Than $75,000

Think you can't afford to be your own boss? Think again.




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Papa John's Ex-CEO Says He Ate More Than 40 Pizzas in 30 Days and That 'The Day of Reckoning Will Come'

Papa John's founder and former CEO John Schnatter slammed the pizza chain he founded in an interview with local news.



  • News and Trends

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Learn the Secrets to Launching a Business for Less Than $35

From ideation to growth stages, this bundle has you covered.




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House Rules: Saul Myers jokes about finally getting a make-up artist thanks to judging gig

Saul Myers (pictured) has joked that there's one unusual thing he is most pleased about as part of his new role.




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House Rules season premiere plunges more than 100,000 viewers

House Rules: High Stakes premiered on Channel Seven with a two-part episode on Monday night.




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Jadon Sancho turns 20 with better stats as a teenager than Lionel Messi and Cristiano Ronaldo

ADRIAN KAJUMBA: At the time, when he was still a much lesser-known schoolboy in his early days at Manchester City, it was a description that made Jadon Sancho sound almost too good to be true.




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Erling Braut Haaland is 'thankful' to PSG stars mocking celebration after Champions League clash

Borussia Dortmund striker Erling Braut Haaland said he is 'thankful' that Neymar and PSG mocked his celebration after their Champions League match-up.




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Phillip Schofield thanks fans for support after coming out as gay

Taking to Instagram, Phillip has told fans how 'important' their support has been for him, while praising his family for the 'love and understanding' they have shown him. 




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Curtis Pritchard thanks his family for their support following Maura Higgins split

The ballroom pro, 24, took to Instagram to share a photo of himself with fellow dancer brother AJ, 25, his mother Debi and father Adrian.




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Miley Cyrus sells her fire-damaged Malibu home for $800K less than her purchase price

Her Malibu home suffered damages following the Woolsey Fire in November 2018 that tore across Los Angeles and Ventura County. And Miley Cyrus has sold her mansion, according to Radar Online.




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Brad Pitt is a supportive friend as he attends opening night of Ethan Coen's play in LA

Brad Pitt proved he was a very supportive former co-star, attending the opening night of Ethan Coen's play, A Play Is A Poem, in Los Angeles on Saturday night.




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Tour de France organisers aim for 'postponement rather than cancellation' as coronavirus looms

The Tour de France's organisers are focusing on a postponement of this year's race rather than a cancellation due to the coronavirus pandemic. 'Le Tour' was set to roll out of Nice on June 27th.




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OLIVER HOLT: Now more than ever all that Sir Kenny Dalglish stands for is to be cherished

OLIVER HOLT - CHIEF SPORTS WRITER: In the midst of all this, in the midst of the lockdown and my dad in a care home no one can visit any more and my mum reaching for her shopping.




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Erling Braut Haaland is 'thankful' to PSG stars mocking celebration after Champions League clash

Borussia Dortmund striker Erling Braut Haaland said he is 'thankful' that Neymar and PSG mocked his celebration after their Champions League match-up.




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Louis Smith reveals he'd rather have a cuddle than sleep with a girl

The Olympic gymnast, who is one of the favourites of this year's Strictly line-up, has revealed he has only ever had one serious girlfriend.




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Strictly Come Dancing's Louis Smith is more geek than chic for BBC Sports Personality of the Year Awards

He's certainly been popular with the ladies since the Olympics, helped by his stellar performance on Strictly.




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Louis Smith unleashes his adventurous side as he exposes more than expected in racy snap

He's known as an Olympic hero and Strictly Come Dancing champion, but it seems that Louis Smith might have a more racy side to him.




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Iggy Azalea's debut single 'Work' goes viral thanks TikTok meme

Iggy Azalea is in the midst of a musical comeback thanks to social media.




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Iggy Azalea prepares a traditional Thanksgiving dinner in the US

She's the Mullumbimby-raised rapper who said that she calls Atlanta, Georgia home - not Australia. 




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Iggy Azalea thanks drag queen Silky Ganache for saving her from from a wardrobe malfunction

Iggy Azalea has paid tribute to drag queen Silky Ganche after she saved her from an embarrassing wardrobe malfunction.




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Xavi insists he would be more than capable of managing former team-mates at Barcelona

Barcelona legend Xavi believes he is perfectly capable returning to manage his former club, piling the pressure on current boss Ernesto Valverde. 




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Laverne Cox of Orange Is The New Black looks much younger than her 47 years

The 47-year-old Orange Is The New Black star slipped into a leopard-print bikini and filmed herself at home. '3 days to vacay,' the actress captioned the image.




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Katarina Johnson-Thompson sets British high jump record but insists she could have gone higher than 1.97 metres 

Katarina Johnson-Thompson bounced back from last year’s injury frustrations with a British high jump record — but she then insisted that she should have gone even higher.