World business, finance, and political news from the Financial Times

Gavyn Davies
Mobile, the internet and the productivity slump mystery

Virtues of reality
What exactly are the tech slaves missing out on?

Highlights

Vapour rises from cooling towers as the sun sets on behind Drax Power Station, operated by Drax Group Plc, in Selby, U.K., on Tuesday, March 11, 2014. Drax Group Plc, the operator of the U.K.'s biggest coal-fired power station, reported a 23 percent slump in full-year profit as carbon prices rose and it prepared to convert two more units to burn cleaner fuel. Photographer: Chris Ratcliffe/Bloomberg

©Bloomberg

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National Grid in ‘panic’ with coal deals

2:11pm COMPANIES

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Europe profits growth seen at 7-year low

Region languishes in a corporate earnings recession

1:22pm

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Deutsche loses top 3 slot in bank ranking

JPMorgan and Goldman head benchmark industry league table

1:55pm

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Trump sparks worries for US oil industry

Policy void and attacks on Ted Cruz over oil donations alarms sector

10:35am The Big Picture

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‘Lots of dead unicorns’ predicted

Fund managers’ writedowns of billion-dollar start-ups are rising

3:17pm

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Brazil’s left fears Rousseff ‘coup’

President on brink of impeachment for alleged finance manipulation

Steel crisis...Business Secretary Sajid Javid talks to workers as he leaves Tata Steel in Port Talbot, South Wales, as the Government outlined its response to the crisis gripping the steel industry. PRESS ASSOCIATION Photo. Picture date: Friday April 1, 2016. Javid met managers and staff after having to cut short a business trip to Australia to deal with the aftermath of Tata Steel's shock decision to sell its loss-making UK assets. See PA story INDUSTRY Steel. Photo credit should read: Ben Birchall/PA Wire

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11:50am UK

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Javid talks down steel nationalisation

Buyers of Tata’s assets could receive public support

A television screen shows Angela Merkel, Germany's chancellor, speaking during a Greek bailout news report as traders monitor financial data inside the Frankfurt Stock Exchange in Frankfurt, Germany, on Monday, July 13, 2015. After almost 17 hours of talks in Brussels, euro-area leaders agreed with Greek Prime Minister Alexis Tsipras on the reforms needed to start discussing a third bailout and keep the country in the euro. Photographer: Martin Leissl/Bloomberg

©Bloomberg

Apr 2, 2016 WORLD

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IMF weighing exit from Greek bailout

Germany must decide between debt relief or IMF exit WikiLeaks transcript shows

©REX/Shutterstock

12:29pm MARKETS

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Neil Woodford stops charging for research

Company will use its own money to pay for research

Weekend FT

Baked artichokes

‘We cannot think of a better way to start a meal than steaming artichokes with something simple to dip them in’
Five of the best: places to eat in Glasgow

Finnieston has become the city’s must-visit dining destination
Climate change puts the heat on wine

A warming climate has helped improve the quality of French wine but scientists warn that streak could be about to end

PORT TALBOT, WALES - JANUARY 19: Steam rises at the Tata steelworks on January 19, 2016 in Port Talbot, Wales. Tata Steel announced yesterday that it plans to cut 1,050 jobs in the UK, including 750 at Port Talbot which is the UK's biggest steelworks. (Photo by Matt Cardy/Getty Images)

Apr 2, 2016 FT Debates from COMMENT

Can the British steel industry be saved?

Does Tata Steel’s decision to sell its plants show there is no future for the sector?

Rail cars and oil tankers sits on rail tracks as water vapor and smoke rise from a Tonghua Iron & Steel Group Co. plant in the distance in the Erdaojiang district in Tonghua, Jilin province, China, on Wednesday, Jan. 6, 2016. The city's once-vaunted state-run steel mills have slipped inexorably into decline, weighed down by slumping global markets, a changing economy, and the burden of costs and responsibilities to the people of the town they fostered. Phoptographer: Qilai Shen/Bloomberg

©Bloomberg

4:36am COMPANIES

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China earnings reflect two-track economy

Consumption-focused companies outperform state-owned groups

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China media Pressed into service
EM Squared China’s muni bond market launches with a bang

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12:09pm COMPANIES

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GSK returns to battle against cancer

Two years after sale of oncology arm UK pharma group is again training its sights on the ‘big C’

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6:40am COMPANIES

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Australia approves Adani thermal coal mine

Campaigners say A$21.7bn mine will cause lasting climate damage

The Monday Interview Gautam Adani, Adani Group

Comment & Analysis

Black Gold...circa 1930: Oil gushing out of a pipe on an oilfield in the U.S.A. (Photo by Keystone/Getty Images)

©Hulton/Getty Images

10:35am The Last Word from MARKETS

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Even oil barons give up on fossil fuels

Assessing climate change risk is preoccupying the investment community, says Stephen Foley

Apr 1, 2016 COMMENT

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China media: Pressed into service

A call for President Xi Jinping to resign has widened the rift between the regime and journalists

Vapor rises from cooling towers at the steel works operated by Tata Steel Ltd. in Port Talbot, U.K. on Wednesday, May 22, 2013. Tata Steel Ltd., India's biggest producer, posted a fourth-quarter loss following a non-cash writedown and falling prices of the alloy in Europe. Photographer: Simon Dawson/Bloomberg

©Bloomberg

Apr 2, 2016 MULTIMEDIA

UK Politics Podcast: British steel crisis and the national living wage

Vince Cable, the former business secretary, joins the FT to discuss the week’s big issues

Conversation starters: Comments from our readers

"Giving dramatic writers the same space to work as novelists have had for centuries seems perfectly reasonable. And to discover that most of a form is middlebrow and not great - well, that's not a criticism of the form, is it? A bigger problem is that a writer may have a one-season idea and be expected to write five seasons. How many great novels are the fifth in a series?"
By Richard Gadsden on Switch off the hype and admit television is not great art

"Amazing! People now blame a company for their own mistakes! I am going to blame the pen for failing an exam today. Bad pen you make all these wrong calculations"
By April on Google pulls minion email option after April Fool prank backfires