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Saudi energy minister emphasises OPEC’s unity following coronavirus slump

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has defended the strength of the Organisation of the Petroleum Exporting Countries (OPEC) and its ability to react to the recent slump in oil prices caused by the Covid-19 epidemic.

Lawrence Gash
“Fear index” riding high in an uncertain world

The volatility index, or VIX, is at 12-monthly highs, suggesting the market expects increasingly erratic share movements, mainly downwards. But is the VIX any more insightful than the sum of traders’ and investors’ best guesses?

Dan Atkinson
Amazon expands Amazon Go to target residential shoppers

Amazon Go opens new, bigger store in Seattle and aims to capture a percentage of the weekly grocery shop News
British digi bank Revolut hits valuation in excess of £4bn after latest funding

The latest funding for British fintech firm Revolut takes it to the top of the digi bank valuation charts as it looks to go global. News
British firms lagging when it comes to low-carbon investment

UK companies are falling behind when it comes to low-carbon investment, contributing just 3 per cent of the total spent on low-carbon capital and R&D initiatives. News
Banknote producer De La Rue unveils £35m cost-cutting plan

High security printer De La Rue is to cut costs in a bid to regenerate its fortunes after it failed to win a lucrative contract to produce the new UK blue passports News

Crypto networks saw more than 3.1bn transactions in the past decade

24 crypto networks processed more than 3.1 billion transactions in the past decade

Yana Berman
Gold surges to seven-year high over Covid-19 fears

The price of gold surges to seven-year high as investors flock to safe-haven assets over Covid-19 fears

Lawrence Gash
Oil drops nearly 4 per cent as coronavirus spreads beyond China

The price of oil falls by nearly 4 per cent as the rapid spread of the coronavirus outside China alarms investors News
Korean workers stay at home as country grapples with coronavirus outbreak

Employees of some major Korean companies self-quarantine or are asked to stay at home as the country scrambles to contain hundreds of coronavirus infections. News
Chinese biotech teams up with GlaxoSmithKline to develop coronavirus vaccine

Chinese biotech company Clover Biopharmaceuticals teams up with GlaxoSmithKline to help develop its protein-based coronavirus vaccine News
Chinese warehouses see steel inventories reach record levels as demand reaches a standstill

Steel makers and traders in China report record inventories as the coronavirus outbreak brings construction and manufacturing activities to a standstill News
London markets down ahead of crunch week for trade talks

Stocks and the pound made a shaky start to a week in which both Britain and the European Union will set out their demands ahead of trade talks starting next month. Sticking points include UK alignment with EU rules and access for continental fishing boats to British waters.

Dan Atkinson
Latest earnings take the shine off De Beers

Diamond giant De Beers reports its worst earnings since 2009 as global economic slowdown takes its toll

Lawrence Gash
Morgan Stanley to acquire discount brokerage E*Trade for $13bn

Morgan Stanley is to buy discount brokerage E*Trade Financial Corp in a stock deal worth about USD 13bn, making it the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis

Ramla Soni