Consumers in the United Kingdom face higher prices and reduced availability of goods if the government fails to agree pragmatic solutions with the European Union on regulatory checks at ports in any post-Brexit deal, the retail industry's lobby group warned on Monday.
Chinese companies are using cheap funds raised via "virus bonds" to store cash and cover debts as Beijing works to channel money into coronavirus-affected areas of the economy, according to Reuters News Agency.
Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world's biggest producers.
Saudi Arabia and Kuwait authorized the restart of oil production at the Wafra field from Sunday, more than four years after they halted output at the shared deposit.
Tesla Inc made an about-turn on Thursday by announcing plans to raise $2bn in a stock offering as the electric car maker taps into an astronomical jump in its share price in the past few months.
Alibaba Group Holding Ltd. warned that the coronavirus responsible for killing more than 1,300 people in China is exerting a fundamental impact on the country's consumers and merchants, and will hurt its revenue growth in the current quarter.
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