Fitch says scale of support points to the systemic importance of $55tn asset management market

Measures to ease lockdown will be costly and difficult in practice, particularly in hospitality trade

The London Stock Exchange group has confirmed that it is in advanced talks to buy Refinitiv in a $27bn deal that would turn it into a global exchanges and data powerhouse. Patrick Jenkins discusses the proposed deal with Arash Massoudi, the FT’s corporate finance and deals editor.

Contributors: Patrick Jenkins, financial editor, Arash Massoudi, corporate finance and deals editor. Producer: Fiona Symon

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Falling interest rates, weak trading volumes and automation have led to an exceptionally brutal summer for global investment banks, which have shed tens of thousands of jobs, particularly on trading desks. Stephen Morris, European banking correspondent, discusses the bleak outlook for bankers with Robert Armstrong, US financial editor.

Contributors: Stephen Morris, European banking correspondent, and Robert Armstrong, US financial editor. Producer: Fiona Symon

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Greta Thunberg, the Swedish climate activist, opted to sail to the US from Europe this month, rather than catching a plane.  Her choice reflected a growing recognition that air travel carries a heavy cost to the environment. Sylvia Pfeifer, acting industry editor, discusses how airlines are responding to the challenge with Janina Conboye and Leslie Hook.

Contributors: Sylvia Pfeifer, acting industry editor, Janina Conboye, industry reporter, and Leslie Hook, environment correspondent, Producer: Fiona Symon

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Two decades ago, international telecoms companies came close to dominating a global market. Nowadays however, the vision of a global telecoms company seems to be dwindling. Patricia Nilsson and Nic Fildes discuss why.

Contributors: Patricia Nilsson, media correspondent and Nic Fildes, telecoms correspondent. Producer: Persis Love

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Global warming is set to cause a significant rise in sea levels as the world's polar ice melts. The Netherlands is the best-protected delta in the world, with centuries of experience in holding back the floods. As climate change takes its toll, can Dutch expertise help save the world’s cities that are most at risk? Simon Kuper looked into this question for the FT's weekend magazine and he tells Esther Bintliff what he discovered. Read Simon's magazine article here

Contributors: Simon Kuper, FT columnist, and Esther Bintliff, FT Weekend Magazine deputy editor. Producer: Fiona Symon

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The full impact of the deadly Sars-like virus that has spread across China will take time to assess. But it’s clear there will be significant damage to the region’s economies and perhaps also to the reputation of China’s leaders for failing to tackle the coronavirus early enough to prevent its spread. Andreas Paleit discusses the political and economic impact of the outbreak with Tom Hancock, recently back from Wuhan, James Kynge in Hong Kong and Sue-Lin Wong in Shenzhen.

Contributors: Andreas Paleit, companies desk editor, Tom Hancock, China consumer industries correspondent, Sue-Lin Wong, South China correspondent, and James Kynge, global China editor. Producers: Fiona Symon and Persis Love.

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As the coronavirus continues to spread, what is the risk that this will push the global economy into recession and what can central bankers and policymakers do to help avoid this? Katie Martin discusses the economic shock caused by the virus with the FT's economics editor Chris Giles.

Contributors: Katie Martin, capital markets editor, and Chris Giles, economics editor. Producers: Fiona Symon and Andrew Georgiades

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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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Former deputy set to take over as country faces sharpest economic contraction in decades

Drugs traffickers hit by coronavirus-induced slowdown and seizures, says UN agency

Start every week on the front foot with a preview of what’s on the global agenda

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

As researchers race to develop a coronavirus vaccine, we look at efforts to ensure that the world’s poor are not left behind — and ask whether the pandemic will jolt policymakers into confronting the looming threat from antimicrobial resistance

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

State-backed utility under pressure as it plans to invest in new coal mines

American producers are coming under pressure on several fronts

Policy reversal follows Cameron vow to rid UK of ‘unsightly’ structures

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

Buyers who get cold feet tend to have the advantage but jilted targets can still extract value

How markets are beginning to stir from their coronavirus-induced slumber

Investors demanded too high a price to lend to US carrier reeling from coronavirus shutdown

First-quarter volatility deals $39bn blow to SNB as it steps up fight for Swiss franc

‘Cat-and-mouse game’ pitches central bank against market forces

Market Questions is the FT’s guide to the week ahead

Rial to be changed to the toman after five decades of inflation

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis

Governments should borrow more to stave off secular stagnation

Business cannot expect emergency cash without sensible conditions

Regulators must ensure that lenders’ defences are sufficiently robust

A bailout is the Mediterranean country’s only option to refloat its sinking economy

Countries should avoid turning to nationalism and share the burdens

Christian Noyer believes projects available to consumers are a way off yet

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher

Acquisition allows group to build bigger share of the $6.6tn-a-day market

Industry associations demand detail to manage risk of trading from home

Watchdogs put 12-month extension on new margin requirements, citing coronavirus threat

Hedge fund calls for court investigation into 2018 transfer of MyTheresa

Despite public anger, corporate regulation is likely to remain fragmented

Recently sanctioned London-listed company seeks to simplify ownership structure

Business tycoon’s GFG Alliance makes first foray into fast-growing market after long court battle

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

Chief executive Mark Bristow says miner has taken lessons on tackling coronavirus from experience of Ebola outbreak

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels

One year saving for airline would be just 5 per cent of ex-fuel operating costs

Airline’s operations at London’s second biggest airport face brunt of 12,000 job cuts

Post-Brexit Britain will need a viable industry to support global role

The four years since his promotion to CEO have been beset by crises