Political News
Businesses in Wuhan begin return to normality as coronavirus outbreak subsides
Some vital industries at the epicentre of the coronavirus outbreak, in Wuhan, in the Chinese province of Hubei, were told on Wednesday that they could restart operations after the coronavirus outbreak subsided.
Coronavirus could lead to gig economy reform in favour of workers
Uber and Lyft announced funds to compensate drivers who had been quarantined or diagnosed with the Covid-19 who were initially ineligible for benefits as independent contractors.
JP Morgan says risk-reward trade off in US equities has improved
Equity strategists at JP Morgan believe the risk-reward trade-off in US equities has improved in the wake one of the worst sell-offs in share prices since 1928 the day before.
'Boris Bounce' fails to materialise as storms buffet high street sales - BRC
Retail sales struggled in February, as storms, wet weather and flooding conspired to keep shoppers at home, research published on Tuesday showed.
Ex-BoE's King warns against rate cuts to fend off coronavirus
A former Governor of the Bank of England cautioned economic authorities against simply resorting to blunt tools such as interest rate cuts and more government spending to protect the economy from the hit to activity levels from the coronavirus.
Brent oil futures plummet 25% after Saudi Arabia cuts selling prices
Crude oil futures are hurtling lower following Saudi Arabia's decision to slash its official selling prices to Asia, Europe and the US by a record amount, marking the start of a price war after the Organisation of Petroleum Exporting Countries's failure to strike an agreement with the Russian Federation during the previous week to curb their combined production.
Oil prices plunge 30% on price war fears, sparking global equities fall
Oil prices crashed more than 30% on Monday as Saudi Arabia sparked a price war after talks between Opec and Russia on production cuts collapsed last Friday.
Thursday preview: Coronavirus response, Aviva in focus
The focus on Thursday will be on governments' responses to the coronavirus outbreak, with the US Congress having announced an emergency spending bill worth $8bn for coronavirus prevention and authorities in both the UK and euro area both hinting heavily at measures to reduce corporate credit risk.
Italian government closes down schools and universities until mid-March
Italy's government decided to close all of the country’s schools and universities from 5 March until mid-month due to the coronavirus, state-owned ANSA reported.
FlyBe £100m bailout set to be 'rejected' - reports
Flybe is facing potential collapse after its request for a £100. 0m taxpayer loan looked set to be rejected.
UK should spend over £8bn in next budget to effectively decarbonise economy
A report by Lord Nicholas Stern urged Chancellor Rishi Sunak to spend over £8bn in next week’s budget on zero-carbon infrastructure and outlined the impact of climate change on the UK.
Futures gain as Biden takes lead of Democratic presidential race in Super Tuesday victories
Joe Biden took the lead of the Democratic Presidential race ahead of rival Bernie Sanders on Tuesday after winning in eight states, including two "upsets" in Massachussetts and Texas.
G7 commits to using 'all appropriate tools' to protect their economies
Finance ministers and central bankers from many of the world's most advanced economies committed themselves to using "all appropriate policy tools" to guard against downside risks to the economy.
Govt warns of threat to business as it unveils coronavirus action plan
The government laid out a range of measures on Tuesday to tackle the coronavirus as it warned that the outbreak could keep workers at home for weeks at a time, close schools and force the emergency services to respond to only the most serious crimes.
UK reveals US trade deal would boost GDP by 0.16% in best case
The UK outlined negotiating objectives for trade talks with the US on Monday as its own analysis revealed the economy would grow at best by 0. 16% more than a decade after any deal was implemented.
EU to hold emergency meeting to discuss risk of new refugee crisis
The European Union called an emergency meeting of foreign ministers as the Turkey - Syria conflict heightened the risk of a new refugee crisis.
Sherborne Investors calls for Barclays boss to go over Epstein links
Barclays’ largest shareholder has called for chief executive Jes Staley to be removed from the board, over his ties to the late sex offender Jeffrey Epstein.