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Dubai vows to support Emirates as global airlines race for cash

Government to inject equity into state-owned carrier in latest intervention in aviation sector




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NMC expects administration as it fails to win creditors’ backing 

Former FTSE 100 group has been in turmoil over its financial arrangements for months 




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Private equity and bailouts, the sequel

Buyout groups wants a slice of the bailout and with thousands of jobs at risk, they’re hard to turn down




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State-backed SME lending picks up pace too late for many

Third of UK small businesses reported so low on cash they cannot survive longer than 2 more weeks




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Live Q&A: ‘Bounce back loans’ for small businesses

Your chance to grill FT experts on the government’s rescue measures for small businesses




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Why only a reverse bail-in can save the economy now

In 2008, it was decided an over-leveraged banking system must be bailed in by the private sector. Post lock-down the exact opposite is true.




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Live Q&A: Will you apply for a Bounce Back Loan?

Government-backed scheme designed to help smaller UK firms launches on Monday




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More than 100,000 apply for ‘bounce back’ loans

Requests from small businesses estimated at £3.3bn as banks open for coronavirus support




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Becoming — a Netflix documentary on Michelle Obama and her legacy

There are potent moments here amid the stage-managed gloss




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Infinite Football — documentary unveils a blueprint for a football revolution

Corneliu Porumboiu’s film introduces us to a man with big ideas for the beautiful game




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Eddie Stobart’s fate rests on private equity rescue deal

Isle of Man-based Dbay Advisors to charge 18% interest on emergency finance if approved




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Former boss Tinkler plans £75m Eddie Stobart rescue

UK logistics group at risk of collapse without new cash to support its operations




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Former Eddie Stobart boss tables rival rescue proposal

Andrew Tinkler’s TVFB plans emergency equity raising of up to £70m to cut group’s debt




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World’s largest caterer Compass scales back on signs of global weakness

Group to shrink operations in Europe, Japan, and Brazil




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Advisers recommended Dbay offer for Eddie Stobart

Lorry company’s board says lenders will only support refinancing through buyout group’s proposal




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Activist fund set to double stake in banknote maker De La Rue

Crystal Amber’s move shows sign of confidence in struggling UK group




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Eddie Stobart investors back private equity rescue

Dbay’s offer for haulage group wins ‘overwhelming’ majority of votes




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Andrew Tinkler dumps Stobart stake

Former CEO and fifth-largest shareholder severs ties with group that sacked him




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In barmy world of fintech, $5.5bn for Revolut is not so bonkers

Neobank’s funding round sets new valuation parameters; De La Rue battles to last a decade




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America shuts the barn door too late on the epidemic

The division in tackling coronavirus in the US is not based on politics but on competence  




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Coronavirus and globalisation: the FT answered your questions

Rana Foroohar and Edward Luce talked to readers on the pandemic’s international impact




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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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UK watchdog warns US over rules for failing banks

FCA chief says regulators will lose faith in how US handles crises if regime changes




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Brazil pension and tax reforms back on track, says Meirelles

Social security overhaul is key part of plan to rein in budget deficit




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The Whistleblowers: reporting wrongdoing at US banks

When employees reveal wrongdoing, instead of being rewarded they are often punished




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Deutsche Bank fined $70m in US rate-rigging probe

Penalty for manipulation of Isdafix benchmark is German group’s latest American setback




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Europe's Balkan dilemma

EU foreign ministers this week postponed a decision on whether to open membership negotiations with Albania and North Macedonia until October, prompting a warning from the two countries' leaders that the delay could strengthen the hand of nationalist forces. Gideon Rachmans discusses the EU's dilemma on the Balkans with Ben Hall and Valerie Hopkins.

 

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Covid-19 lays bare managers’ efficiency obsession

The pandemic will prompt new rules insisting on better margins for error and will embed more safety-first habits




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A new garden at Kew takes a step back in time

The Evolution Garden takes visitors on a chronological walk through plant life, with some surprising associations




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Britain and the baroque garden

An exhibition at Tate explores grand, ornate houses and gardens à la Versailles




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Doctors debate when best to place virus patients on ventilators

Warning of potential harm from tendency to use invasive equipment too quickly




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Lebanese riots over economy and soaring poverty leave one dead and dozens hurt

Demonstrators defy coronavirus lockdown and set fire to banks amid mounting currency crisis and joblessness




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Saudi central bank’s foreign assets fall by most in two decades

Kingdom battles to protect economy in face of oil rout and fallout from pandemic




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Lebanon gripped by prime minister’s feud with bank governor

International financial support at risk as leading figures fight over economic crisis




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UBS hires Credit Suisse veteran Iqbal Khan as wealth head

Asset management leadership also changed in reshuffle at Swiss lender




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Recruiters warn profits will be dented by global political uncertainty

PageGroup and Robert Walters cite Brexit, Sino-US trade war and Hong Kong protests




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Maersk close to deals to bulk up land-based logistics

World’s largest container shipping group may use strengthened balance sheet to swoop




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New shipping fuel rules push specialised oil towards $100 a barrel

Regulations are dripping with good intentions but come at a cost




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Global shipping market reels from coronavirus

China shutdown leaves crews stuck at sea, shipyards deserted and shipowners hunting for work




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Dubai’s port operator DP World to return to private hands

Premium offered for shares as group seeks to pay back debt owed by its parent company




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Ports feel coronavirus impact on global trade

China’s exports show signs of recovery but demand falters in US and Europe




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Telefónica confirms UK merger talks with Liberty Global

Combining Virgin Media and O2 would reshape British telecoms market




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The Cable Cowboy gets back in the saddle

Liberty Global’s buccaneering owner sets his sights on Telefonica’s O2




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Hertz avoids bankruptcy with last-minute deal

US car rental group backed by billionaire Carl Icahn extends crucial payment deadline




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Traditional design ideas that give a contemporary bathroom a Moroccan feel

Style options distilled from a confluence of African, Arab and Mediterranean cultures




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Layla — Derek and the Dominos’ 1971 epic started out as a self-pitying ballad

Eric Clapton’s collaborator Duane Allman helped transform the song into a bravura rock showpiece




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Bang on a Can Marathon — six hours of music from the boundary-breaking group

The annual parade of work by living composers went online, performed from living rooms




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Transglobal Underground: Walls Have Ears

With swaggering reggae beats to modern Maghrebi, the near-original line-up reunites for a new studio album




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Lucian Ban: Transylvanian Folk Songs — The Béla Bartók Field Recordings

Jazz, folk and classical influences merge as the pianist revisits traditional music collected by the Hungarian composer




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Alstom to buy Bombardier train unit in €7.5bn deal

French high-speed rail maker looks to bulk up in face of Chinese competition