Global lockdown forces watchmakers to accelerate their digital transformation. Plus: Frédéric Arnault talks about Tag Heuer’s foray into smartwatches; smart jewellery translate sound for deaf people; and the value of vintage motorsport-themed watches is only going one way: up.

It is right for the Fed to lead America towards faster and more efficient bank payments

Beijing wants to make companies impose obedience to China on protesting employees

FT's Robert Armstrong looks at a disconnect between the US stock market and the economy

Sell-off dents investment holdings despite uptick in operating profit

Henrik Adam outlines ‘urgent priority’ to boost performance as he cuts 1,250 jobs

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

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

UK airport reports slump in passenger demand as calls resurface for expansion to be axed

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact

Move in response to drop in prices and demand and honours unofficial pact with Opec

Oil group’s share price has lost its moorings

If stimulus is well targeted, Boris Johnson’s government may achieve something of elegance

State-owned flag carrier struggling to pay salaries and secure funds to stay aloft

First state company to enter business rescue since end of apartheid

Tie-up aims to allow people with mobile wallets to pay for international online services

State-backed carrier starts cancelling flights as vital government funding is delayed

Prospective deal comes as Riyadh-listed STC seeks to expand regionally

South African ecommerce group insists it remains in acquisition mode

Wall Street’s late sell-off came on top of Europe’s worst-ever single day performance

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off

S&P 500 closes more than 9% higher as investors cheer Fed backstops and political progress

Households urged to consider options such as reduced payments instead of delaying debt

Regulatory action sought to prevent intervention from having unintended consequences

Many decide to hold on to cash, triggering disputes with landlords in commercial and residential sectors

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 

The time it takes for employees to be assessed is putting companies in delicate legal territory

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

FCA warns failure to act could count against provider’s regulatory record

Move by UK group will put pressure on other insurers to follow suit 

Insurers have been urged by regulators to reconsider shareholder payments during lockdown

My love affair with the Tesla chief can’t survive the pandemic

Some families of medics who die in service will receive higher payouts than others under current rules

How will your retirement finances change BC and AC — before and after coronavirus?

Executive points to ‘heaps of liquidity’ as members get access to cash due to coronavirus

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

Former chancellor urges lenders to keep credit flowing and not just weather the storm

Cleaning products up, shaving items and make-up down in household goods group’s best quarter in years

Homeworking prompts decline in demand for consumer group’s skin and haircare products

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

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

ECB intends to resist court injunction to justify its sovereign bond purchases

Company pledges two ships and two islands as collateral in upsized refinancing plan

ExxonMobil and Chevron deploy plans for cutbacks but preserve dividends

Move means hard-hit industries face another year of high bills

Production costs to rise by 61% when industry invests in carbon capture

Political goodwill for Spire Healthcare could act as a tailwind once virus impact eases

Brazilian jet maker to seek damages from US group, which counters it is within its rights to terminate deal

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up