Flaw in mass testing, BP chief weighs in on oil, rental car groups under pressure
The head of an Italian biotech company that sells Covid-19 diagnostic and antibody tests told the FT that demand far exceeded supply as countries put mass testing at the centre of plans to ease lockdo...
12 Touko 202010min
UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil
UK airlines demanded “urgent additional government support” on Sunday warning that Boris Johnson’s plans to introduce a 14-day quarantine for people arriving in the UK by air will exacerbate the crisi...
11 Touko 20208min
Food delivery boosts Uber sales, US jobs preview, the fashion industry under lockdown
Uber reported stronger than expected first-quarter revenues on Thursday thanks to a surge in food delivery; India’s richest man, Mukesh Ambani, has sold a stake in his digital services group Reliance...
8 Touko 202010min
US-China trade, ECB to resist pressure from German court, Airbnb’s outlook
Donald Trump is weighing up more aggressive economic measures against China, The European Central Bank is expected to resist recent pressure from Germany’s constitutional court over its bond-buying pr...
7 Touko 20208min
Disney’s $1.4bn hit, Beyond Meat boost, ECB called to justify bond-buying programme
Disney estimates that the coronavirus crisis wiped as much as $1.4bn from its quarterly operating profit, while Beyond Meat gears up for the price of its plant-based burgers to compete directly with r...
6 Touko 202010min
Aviation industry under pressure, Argentina’s debt deadline, why Silicon Valley is surviving the ad crash
The aviation industry took another hit from the coronavirus crisis on Monday as GE cut 10,000 aerospace jobs, and Argentina debt holders doubled down on their opposition to the government’s plan to re...
5 Touko 20209min
Banks get ready for bad loans, losses at Berkshire Hathaway, BlackRock’s influence
US and European banks are on track to book more than $50bn of charges on souring loans in the first quarter. Plus, the FT’s Eric Platt reports on Berkshire Hathaway’s annual general meeting, where War...
4 Touko 20208min
Amazon Covid-19 costs, Boeing taps bond market, UK recruits fruit pickers
Amazon has warned that coronavirus measures could cost at least $4bn in the next quarter and wipe out any gain from a jump in sales during the pandemic, and Boeing has tapped the bond market for $25bn...
1 Touko 20209min
