Jay Powell calls for more fiscal stimulus, BMW’s dividend plan, CLO vulnerability
Federal Reserve chair Jay Powell said on Wednesday that additional fiscal stimulus may be “worth it” to shield the US economy from long-term economic damage due to the pandemic, meanwhile, OECD secret...
14 Maj 20208min
Global economic outlook worsening, dealmaking in the pandemic, looming EM debt crisis
The global economic outlook is still worsening, according to IMF managing director Kristalina Georgieva. Plus, the FT’s corporate finance and deals editor, Arash Massoudi, reports on the latest deal t...
13 Maj 202010min
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 Maj 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 Maj 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 Maj 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 Maj 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 Maj 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 Maj 20209min
