The Financial Times

Beijing’s message to HK: ‘We waited for you guys’

China’s frustration with territory behind decision to push ahead with security law

Virgin Orbit rocket fails on first airborne test

Setback for venture led by Richard Branson at time of financial stress

HSBC board rethinks overhaul and seeks even sharper cuts

More drastic action sought 3 months after unveiling plan to slash 35,000 jobs and $4.5bn of costs

Sanofi to slash $12bn stake in US biotech Regeneron

Chief executive Paul Hudson says proceeds will go to scientific research and potentially acquisitions

Trump threatens to pull Republican convention from N Carolina

President marks Memorial day with push to reopen state ahead of re-election campaign

Europe eclipses China in electric vehicle investment

EU carmakers help close the gap as they race to comply with strict CO2 emissions targets

German government agrees €9bn bailout for Lufthansa

State fund will take 20% stake in the airline in long-awaited rescue package

China seeks to reassure investors rattled over HK security law

Announcement by Beijing caught many by surprise and raises concern over city’s future as financial hub

EU watchdog hopeful most banks can absorb €380bn pandemic hit

Buffers ‘should be sufficient’ to protect lenders in short term, says European Banking Authority

VW defeated in landmark Dieselgate case brought by van buyer

German court ruling will force carmaker to compensate tens of thousands more customers

‘Japan model’ has beaten coronavirus, Shinzo Abe declares

Prime minister lifts state of emergency nationwide after seven weeks of shutdown

Bolsonaro’s populism is leading Brazil to disaster

If life were a morality tale, the Covid-19 antics would turn Brazilians against the populist president

Johnson sorry for public’s anger after Cummings defends trips

Prime minister stands by aide over lockdown and announces new plans to reopen shops next month

Some Americans fear their jobs will be lost forever

Concerns grow that labour market recovery will mean fewer positions with lower wages

German business expectations pick up as lockdown is lifted

Monthly survey finds improving outlook despite pessimism over current effect of pandemic

US shale industry braces for wave of bankruptcies

Seventeen producers have filed for Chapter 11 so far this year but many more are close

Australia unleashes ‘Neighbours’ to counter China influence

Canberra will beam local TV shows to seven Pacific island nations in soft power push

Virus obstructs US and UK bids for $800m South Korea helicopter deal

Travel restrictions and spending cuts muddy defence sector outlook

CVC scrums down for rugby shake-up after securing Pro14 deal

Six Nations next in its sights as private equity firm sees bright future for the sport