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Mark Zuckerberg says half of Facebook staff will work from home permanently

Facebook will have half of its 45,000 employees working from home in five to 10 years, Mark Zuckerberg has said.

The social network’s chief executive said the company would permanently shift to allowing remote working,  indicating that thousands would move out of cities and tech hubs as they no longer have to commute to the office.

It makes Facebook the biggest company so far to commit to substantial and long-term remote working even after the coronavirus pandemic subsides. Twitter, ecommerce company Shopify and cryptocurrency service Coinbase have already said many employees will be allowed to work from home permanently.

Almost

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Mark Barnett ditched by Invesco as the curse of Woodford claims another victim

Mark Barnett, one of Britain’s best known fund managers and a protégé of Neil Woodford, has been forced out of Invesco after years of poor returns and disastrous stock picks.

Investment manager Invesco said Mr Barnett and the business had “mutually agreed” his departure and he leaves behind more than £5bn of savers’ money across four British stock funds.

This follows his sacking from the £988m Edinburgh Investment Trust and £625m Perpetual Income and Growth Trust in the past year, with the trusts’ boards growing tired of poor returns.

He was best known for running the £3.3bn Invesco High Income

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Emerging market currencies mark biggest falls in 5 years

TOKYO — Emerging market currencies are collapsing in a magnitude last seen in 2015 when China’s renminbi devaluation panicked global financial markets.

The current plunge reflects increased investor concerns about the outlook for emerging nations’ public finances, which are deteriorating rapidly due to the spread of novel coronavirus infections and steep falls in the price of crude oil. Drops in the value of emerging economies’ currencies increase the burden of their dollar-denominated debt.

Although financial markets appear to have regained stability thanks to the massive supply of liquidity by the U.S., Japanese and European central banks, there are concerns that

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Coronavirus latest: India’s 73 new deaths mark biggest spike yet

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 2,954,222, according to the World Health Organization.

The worldwide death toll has hit 202,597.

To see how the disease has spread, view our virus tracker charts:

Here are the latest developments (Tokyo time):

Wednesday, April 29

2:30 p.m. Japan is weighing the possibility of starting its school year in September rather than April — in line with much of the world. This, however, would upend the schedules of families and employers alike. Prime

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