Facebook unveils online shopping venture, EU recovery fund, SoftBank’s future
Facebook has unveiled a shopping service that puts it in direct competition with Amazon and eBay, and a €500bn EU recovery fund put forward by Germany and France is facing some resistance. Plus, SoftB...
20 Maj 202010min
Moderna vaccine trial pleases investors, EBITDAC backlash, Huawei sanctions
Positive results from the first US Covid-19 trial raised investors’ hopes of an economic rebound, Chinese self-driving car start-ups have been accelerating pilot projects as US rivals sit idle, and bo...
19 Maj 202010min
Powell on US recovery, Nomura to boost private market focus, Taiwan travel scheme
Federal Reserve chair Jay Powell has warned that the US economy may not “fully recover” until the end of 2021, Japan’s oldest brokerage firm, Nomura, is poised to unveil a new strategic focus on priva...
18 Maj 202010min
The race for a vaccine, the story behind EBITDAC, BoE’s Bailey
The hunt for a coronavirus vaccine is central to global efforts to restart economies. The FT’s US coronavirus correspondent, David Crow, explains how nationalism could slow the fight against the pande...
15 Maj 20209min
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
