The World Health Organization has recommended that doctors do not prescribe Gilead's remdesivir to patients in hospital with coronavirus, US Treasury secretary Steven Mnuchin has decided against extending several of the Federal Reserve’s emergency lending facilities, and online wine retailer, Naked Wines, has said that worsening wildfires are becoming a challenge for the industry. Plus, the FT’s Michael Stott explains why Venezuelan oil could become the world’s biggest stranded asset. WHO recommends against prescribing remdesivir to Covid patients ft.com/content/cc8d2fc7-f7e9-441e-a33c-94b8f82ce110?US Treasury says no to extending some of Fed’s crisis-fighting toolhttps://www.ft.com/content/e4b3a063-db44-4e6c-b998-74a29d70b136?Wildfires pose threat to industry, warns Naked Wineshttps://www.ft.com/content/55daaf65-b233-47b8-b24a-b38b1b93f0f0Venezuelan oil could become world’s biggest stranded asset, say experts https://www.ft.com/content/cafbd3c7-2434-4f23-8da8-1f7052efdc8e Hosted on Acast. See acast.com/privacy for more information.

A new report from the EU’s external auditor has found Brussels failed to tame Big Tech because it moved too slowly, the US Federal Aviation Administration issues an order on Wednesday allowing Boeing’s 737 Max to fly again, and Wall Street analysts expect the arrival of a coronavirus vaccine will send the dollar sinking next year. Plus, the FT’s environment correspondent, Leslie Hook, explains why critics say Boris Johnson’s plan for a green economy falls short. EU has been too slow to tame Big Tech, says bloc’s auditor ft.com/content/abb8ebe1-99e1-4547-8c42-df265bf5125c?US regulator clears Boeing’s 737 Max to fly againhttps://www.ft.com/content/43bb3ab1-598d-4ee3-a83b-ea0c22f08d4aVaccine arrival expected to trigger dollar slump in 2021ft.com/content/d2a226b8-574a-4d1c-9205-fa076ed97055?Boris Johnson’s green plan a ‘far cry’ from hitting net zero targetsft.com/content/dbd944e6-48a2-42d7-829e-ae1d64616bfc Hosted on Acast. See acast.com/privacy for more information.

Saudi Arabia’s finance minister says the world’s richest countries are close to unlocking additional IMF funds for low-income nations, Amazon has launched an online delivery service offering big discounts for prescription medicine in the US, and Unilever is aiming to increase its annual sales of plant-based meat and dairy alternatives to €1bn in five to seven years. Plus, the FT’s US markets reporter, Colby Smith, explains why the Financial Stability Board is pinning hedge funds with some of the blame for the US Treasury market chaos in March. G20 nearing IMF funding boost for developing nations, Saudi minister says ft.com/content/f211194f-5c19-4ab1-b47f-a4d6caa88f36?Amazon launches online pharmacy in challenge to traditional retailershttps://www.ft.com/content/f45c4956-108f-4b69-b115-c73cfc55f0e3Unilever aims for €1bn sales from plant-based products by 2027ft.com/content/0a1e5e3d-a34d-44bb-a350-75f3e8700673?Hedge funds under scrutiny over role in March bond market ructionshttps://www.ft.com/content/5bab4156-54fd-41ab-b067-794c3050c8cd Hosted on Acast. See acast.com/privacy for more information.

US president-elect Joe Biden has warned that the country’s ability to handle Covid-19 could be hampered if Donald Trump does not allow a smooth transition of power, AirBnB published the prospectus for its long-awaited stock market listing on Monday, and the secretary general of the Basel committee of regulators has argued that shareholder payouts should remain on hold until the long-term impact of the pandemic is clear. Plus, the FT’s senior energy correspondent, Anjli Raval explains why Saudi Aramco is heading to the international bond market. Biden warns ‘more people may die’ if Trump refuses to co-ordinateft.com/content/ee58360a-eca8-47aa-ac86-3665e918539aAirbnb woos investors with return to profit ahead of IPO ft.com/content/5f8aa041-3d1b-43f4-94fb-57a0639bfc76?Bank regulator calls for dividends to remain on holdft.com/content/cd06ce1a-65cd-4543-8f80-cf1d577f0c68?edit=trueSaudi Aramco to sell billions of dollars in international bondshttps://www.ft.com/content/c10dcb3b-89cf-4fc4-a1b2-bd434f79258b Lawsuit tracker: Trump’s battle faces tough test this week https://www.ft.com/content/20b114b5-5419-493b-9923-a918a2527931 Hosted on Acast. See acast.com/privacy for more information.

A Financial Times analysis has found the UK’s weakness in international economic league tables during the coronavirus crisis reflects stretched household finances and potentially wasteful public spending, leaders from 15 Asia-Pacific countries have signed one of the biggest trade deals in history, and US banks are concerned over one of their most profitable business segments as consumers pay down their credit cards. Plus, the FT’s Arthur Beesley explains how US president-elect Joe Biden’s Irish roots could affect Ireland’s Brexit outlook. UK’s poor GDP performance rooted in weak household spendingft.com/content/c5d72dea-50bc-4f1f-98d3-bc758aafa905?US surge in coronavirus cases darkens outlook for economyhttps://www.ft.com/content/f3a4f31b-85bc-450f-ac7a-f7dbbad3f6dcAsia-Pacific countries sign one of the largest free trade deals in history  https://www.ft.com/content/2dff91bd-ceeb-4567-9f9f-c50b7876adceBank credit card profits in question as US consumers pay down debt https://www.ft.com/content/fe591579-2202-45f1-8c83-a7e7dd1200c4 Hosted on Acast. See acast.com/privacy for more information.

Data analytics company, Palantir, beat Wall Street forecasts in its first quarterly earnings since going public, the US Senate is preparing to vote on Judy Shelton, Donald Trump’s nominee to the Federal Reserve board, and Poland’s prime minister warns that his country’s parliament could shoot down the EU’s next seven-year budget. Plus, the FT’s Nordic and Baltic correspondent, Richard Milne, explains why Denmark is backtracking on its order to kill millions of mink. Palantir sales growth cheers Wall Street in debut earningshttps://www.ft.com/content/9fdbf565-8be3-4972-8f8f-4cad3dda5101Senate prepares to vote on Trump’s Fed board nominee Judy Sheltonhttps://www.ft.com/content/4c146684-b364-4966-849a-acfcd7bd9dedPoland threatens EU budget over linking funding to rule of lawhttps://www.ft.com/content/d8dfda2c-a811-4749-9bf2-3a0dde626fed?Denmark’s mink farmers count cost of botched cullhttps://www.ft.com/content/9e518316-6422-41f3-8873-8a75754b2eef Hosted on Acast. See acast.com/privacy for more information.

Boris Johnson’s director of communications resigned on Wednesday night following a bitter Downing Street power struggle, the European Central Bank will keep financing costs exceptionally favourable in the eurozone until the economy recovers from the pandemic, and TikTok wrestles with its US divestment deadline. Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management. Key Johnson aide quits in Downing St power strugglehttps://www.ft.com/content/2c431395-021b-471d-878c-3ab342304745ECB set to expand bond-buying and cheap loans, Lagarde signalshttps://www.ft.com/content/3fc692fe-a79d-447f-9dec-42c171dc9a53?TikTok challenges Trump order ahead of US divestment deadlinehttps://www.ft.com/content/218bccaf-6b74-475c-a374-9a0a89ca3d29Turkey’s Erdogan vows to win ‘trust’ of investors after lira plungehttps://www.ft.com/content/fc0be85d-eba8-4172-9d38-d8b6f5fa0e8e Hosted on Acast. See acast.com/privacy for more information.

Republicans have grown more assertive in giving cover to Donald Trump’s false claims that the US presidential election was stolen from him, Lyft has said it was in the “early days” of building a delivery business to take on Uber Eats and others, SoftBank is considering moving its Vision Fund unit to Abu Dhabi, and the European Union is hitting Amazon with antitrust charges. Plus, the FT’s Leila Abboud explains why European small shopkeepers are frustrated with the latest set of coronavirus lockdowns. As Joe Biden’s margin of victory grows, so does Republican resistance https://www.ft.com/content/d0c09d30-6f1c-4978-bbb7-44e1f93e9a39Lyft weighs getting into delivery business as it works to bounce back ft.com/content/b340f34e-d16a-4388-99cf-eacb00df8389SoftBank’s Vision Fund unit considers move to Abu Dhabi from UKhttps://www.ft.com/content/22eddefb-adab-4188-9de7-33533f6d571eEU accuses Amazon of breaching antitrust ruleshttps://www.ft.com/content/4908995d-5ba4-4e14-a863-bcb8858e8bd2Europe’s shopkeepers on the warpath over lockdownshttps://www.ft.com/content/3fc8ba69-9a2c-4f19-ac79-ce310c8d6507 Hosted on Acast. See acast.com/privacy for more information.

A breakthrough in the race to find a vaccine for Covid-19 fuelled a broad global equity rally on Monday. The FT’s Joe Miller explains what this means for managing the pandemic. Plus, India’s competition watchdog has ordered an in-depth investigation into the tight links between Google’s mobile app store and its payment service, and electric truck start-up Nikola has acknowledged for the first time that it is under investigation by the US Department of Justice in the wake of fraud allegations. Pfizer and BioNTech’s Covid-19 vaccine found to be 90% effective https://www.ft.com/content/9bde4bff-acf0-4c2a-a0d0-5ed597186496Nikola reveals escalating legal bill after fraud claimshttps://www.ft.com/content/51c9de3f-7e08-4740-8a50-4f301d8ca9aeIndia’s competition watchdog orders Google investigationhttps://www.ft.com/content/f0709021-0fdb-4f0a-a85e-c807ab364ebe Hosted on Acast. See acast.com/privacy for more information.

President-elect Joe Biden will face a power struggle between liberal and progressive Democrats, and how will a Biden administration handle a trade deal between the US and the UK? The FT’s Sebastian Payne and Aime Williams explain how the internal market bill plays an important role. Plus, shopping centre landlord Westfield is threatening tenants with legal action over unpaid rents. Biden faces power struggle between Democratic progressives and moderateshttps://www.ft.com/content/e922ddea-6665-4231-89a3-ffdbfd0fc009Westfield threatens chains including Pret over rent arrearshttps://www.ft.com/content/40596f51-cef7-41b7-a36f-cddebb870be5Lords defeat of Brexit bill will put government on track for Biden clashhttps://www.ft.com/content/874ef7b6-91f9-4f5e-b2ae-5a3def68e250 Hosted on Acast. See acast.com/privacy for more information.