Good morning from the Financial Times.

Today is Wednesday, April 29th.

This is your FT news briefing.

Google Parent Alphabet says it's already

seeing the first signs of recovery.

Fitch downgrades Italy's credit rating,

and President Donald Trump orders US meat processing plans

to stay open despite concerns over coronavirus.

Plus economics correspondent Delphine Strauss explains why

statisticians are having such a hard time measuring inflation during the

pandemic, whether they can do anything to fix it. I'm Mark Filipino and here's the news you need to start your day.

Google says that its internet search business stabilized in April after a sharp downturn at the end of March.

It's an early sign of recovery for the tech group.

Yesterday, Parent Company Alphabet released its first quarter earnings.

Now, it did say that growth slowed to 30 percent. parent company alphabet released its first quarter earnings.

Now it did say that growth slowed to 13% compared to the end of last year when it hit 18% growth.

The coronavirus crisis ate into some of the company's most important areas of online advertising,

but the revenue slowdown was less severe than what Wall Street had expected.

Despite the overall slowdown, YouTube's revenue grew by 33% in the quarter.

It was slightly more than the previous three months, which was the first time

alphabet disclosed financial details about the video site.

Google's cloud business also kept pace with Chief Executive Sundar Pacai

...