Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began, and many of Europe’s wealthiest football clubs have agreed to join a breakaway “Super League” competition. Plus, the FT’s Lex columnist Elaine Moore discusses whether the audio chat app, Clubhouse, has staying power. Global savers’ $5.4tn stockpile offers hope for post-Covid spendinghttps://www.ft.com/content/8cbfe40d-1ce1-4dc6-bcb2-1314b77b9443?Top European football clubs sign up to breakaway Super Leaguehttps://www.ft.com/content/4cbef20a-7599-4580-82aa-2af383bd0f5aReach for the stars: what Clubhouse can learn from TikTokhttps://www.ft.com/content/84b3879b-f3bb-4138-a688-e3ed4179d45bHSBC top brass forced to hot desk as HQ scraps executive floorhttps://www.ft.com/content/4984410c-e6fe-41d6-9d66-67ee54188f38? Hosted on Acast. See acast.com/privacy for more information.

Global equities reached new heights and Treasuries rallied sharply on Thursday on the back of upbeat economic data in the US, and Dubai has become the first city to sign a contract with an autonomous taxi manufacturer. Plus, US president Joe Biden imposed new sanctions on Moscow on Thursday. The FT’s markets editor, Katie Martin, explains how investors reacted. Global stocks hit record highs on strong economic datahttps://www.ft.com/content/c1ee361d-6ee6-4697-ba8a-865542bb4704Biden imposes tough new sanctions on Moscowhttps://www.ft.com/content/b2bf1be3-a10c-4963-9deb-8a6b319e9363Dubai strikes deal with Cruise to roll out self-driving taxishttps://www.ft.com/content/33f3f86b-2558-4344-98b0-5c3cd529e93fFlying cars finally prepare for take-offhttps://www.ft.com/content/3ca1338d-3c31-4c70-ac09-12a0870212e3? Hosted on Acast. See acast.com/privacy for more information.

Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the FT’s deputy editor, Patrick Jenkins, discusses Deutsche Bank’s turnaround after years as the “sick bank of Europe.” Boom on Wall Street powers US bank profitshttps://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b39bDeutsche Bank dodges bullets and goes mainstreamhttps://www.ft.com/content/0c478d11-6ed2-4c68-870d-3d0e97f76745?Ever Given seized as Egyptian authorities seek $900m compensationhttps://www.ft.com/content/25b347bc-4c03-464a-b6c3-ed72bacc12e2?Ponzi mastermind Bernard Madoff dies aged 82https://www.ft.com/content/e88fdde2-440a-4a77-8a20-d2116309d84a Hosted on Acast. See acast.com/privacy for more information.

Coinbase prepares to be the first leading cryptocurrency exchange to list on a US stock market, and the eurozone economy is showing signs of adapting to coronavirus lockdowns. Plus, the FT’s private capital correspondent, Kaye Wiggins, discusses the corporate drama surrounding the private equity bidding for Japan’s Toshiba. Coinbase listing set to capitalise on crypto bull runhttps://www.ft.com/content/06d98c02-f5da-45e8-a0f5-20e3bfd64879Eurozone’s economy shows signs of adapting to lockdownshttps://www.ft.com/content/b756bab9-43a7-49c6-a3de-c98e891a0aea?Resignation of Nobuaki Kurumatani comes as KKR also prepares to mount offer for Japanese conglomeratehttps://www.ft.com/content/65a3b3b0-c68e-4312-a29b-d0b90d8cf011LVMH benefits from demand for luxury goods in US and Chinahttps://www.ft.com/content/9c892b85-9ae2-4ef9-8e42-9a09baf3492b Hosted on Acast. See acast.com/privacy for more information.

Boris Johnson has commissioned an independent inquiry into the lobbying scandal involving David Cameron and Greensill Capital, and the $5bn-valued cyber security technology company, Darktrace, has set out plans to float in London. Plus, the FT’s US sports business correspondent, Sara Germano, explains why US states have suddenly embraced online sports gambling. UK government to announce independent probe into Cameron and Greensillhttps://www.ft.com/content/ade87a61-b1e1-433a-a79f-25fc6b9a0aafMike Lynch-backed Darktrace sets out plans to list in Londonhttps://www.ft.com/content/01c49998-05d2-4ed4-b324-febfaef3a110‘The market is going bananas’: Governors back online betting to plug black holes in state budgetshttps://www.ft.com/content/bb04b14c-e215-4ae8-a655-2bf85fcb73c0?Virgin Atlantic boss warns on long-term hit to business travelhttps://www.ft.com/content/b8766e60-1a20-41ee-871d-6b97dbee71e8 Hosted on Acast. See acast.com/privacy for more information.

Former British prime minister David Cameron has admitted he made mistakes over his government lobbying for Greensill Capital, leading Chinese smartphone maker Xiaomi is expanding its investment in chips, and Microsoft is on the verge of acquiring the voice technology pioneer, Nuance. Plus, the FT’s US equities correspondent, Aziza Kasumov, discusses US equities investors’ concerns about US president Joe Biden’s tax proposals. Cameron admits mistakes as he breaks silence on Greensillhttps://www.ft.com/content/da2a2686-1efa-4fd4-bee4-79cc9d9a89a2Huawei rival Xiaomi steps up chip ambitions amid US pressurehttps://www.ft.com/content/2fadf021-91c5-4553-aecd-33e4439e99ab?Wall Street investors look warily at gathering tax ‘storm’https://www.ft.com/content/02f874f8-f5e3-4deb-908c-c709633821bbMicrosoft nears deal to buy voice tech pioneer Nuance for $16bnhttps://www.ft.com/content/a36dd469-e521-4ce7-9351-ddc8f6b5cb42? Hosted on Acast. See acast.com/privacy for more information.

Amazon looked on course to defeat a historic effort by workers to unionise an Alabama warehouse, and companies and countries around the world are weighing the Biden administration’s global corporate tax plan. Plus, the FT’s markets editor, Katie Martin, explains Goldman Sachs’ purchase of £75m of Deliveroo shares after the UK food delivery group’s disappointing initial public offering last month.  Amazon vote count shows Alabama unionisation effort trailinghttps://www.ft.com/content/df3eeb04-d03e-4048-ab81-248c7a9fce4eGoldman Sachs bought £75m of Deliveroo shares to prop up IPO pricehttps://www.ft.com/content/bf75f260-33d8-42ea-85c3-6482aa1fb2ffA grand bargain: how the radical US corporate tax plan would workhttps://www.ft.com/content/b358ebca-4097-4cd6-bc7f-8e9d8f069250 Hosted on Acast. See acast.com/privacy for more information.

The start-up that owns the biotechnology behind the Oxford/AstraZeneca vaccine has confidentially filed for an initial public offering in the US, Indian social media group ShareChat has raised more than $500m to grow its popular short-video app Moj, and Austrian activist Max Schrems has filed a privacy complaint against Google in France. Plus, the FT’s Washington bureau chief James Politi has details on the US’s offer to the rest of the world to tax multinational companies. US offers new plan in global corporate tax talkshttps://www.ft.com/content/847c5f77-f0af-4787-8c8e-070ac6a7c74fBiotech start-up behind AstraZeneca vaccine files for US listing https://www.ft.com/content/ff260c57-66f9-474b-9643-7640dc918009ShareChat valued at $2bn in wake of TikTok ban https://www.ft.com/content/3a5e44e2-b2c0-4f37-9c4a-f51c6ef46eb6?Max Schrems accuses Google of illegally tracking Android users https://www.ft.com/content/4617cc99-3ed2-49e1-b97f-db4f1b45b5db? Hosted on Acast. See acast.com/privacy for more information.

The EU drug regulator will launch an investigation next week into whether clinical trials of Russia’s Sputnik V Covid-19 vaccine contravened ethical standards, and Japan’s national champion, Renesas Electronics, is being forced to diversify due to the pressures brought on by the chip industry. Plus, the FT’s Latin America editor, Michael Stott, explains how president Jair Bolsonaro lost his grip of Brazil. EU regulator to probe ethical standards of Sputnik vaccine trialshttps://www.ft.com/content/50031165-1f46-446b-be9a-36d553805fec?Chip industry pressures spur Renesas to diversifyhttps://www.ft.com/content/c583fe71-4556-4ef9-9367-a175a2033767Brazil’s coronavirus nightmare: ‘Bolsonaro is more isolated than ever’https://www.ft.com/content/55713895-2423-4259-a222-f778f9587490Nematodes the latest casualty of post-Brexit trade glitcheshttps://www.ft.com/content/888658ea-9b33-454e-bac5-c9d4a59eb201? Hosted on Acast. See acast.com/privacy for more information.

US Treasury secretary Janet Yellen is calling on other countries to join the US in setting a corporate global minimum tax, and bond investors who took big risks at the outset of the pandemic are enjoying big returns. Plus, the FT’s greater China correspondent, Kathrin Hille, discusses how a little-known chip company that dominates the global semiconductor industry is navigating political tensions.  Yellen calls for global minimum corporate taxhttps://www.ft.com/content/79023ff2-c629-429c-8a34-16bf68b4ea15Investors scoop up huge returns from companies’ crisis-era bondshttps://www.ft.com/content/2de01274-bf03-4788-ab94-c26189b9baea?TSMC: how a Taiwanese chipmaker became a linchpin of the global economyhttps://www.ft.com/content/05206915-fd73-4a3a-92a5-6760ce965bd9GameStop shares fall after it announces plan to sell $1bn in stockhttps://www.ft.com/content/ddc11198-f162-484c-9131-a7a0b0346178? Hosted on Acast. See acast.com/privacy for more information.