World Business News

Oil starts week on back foot as rally loses steam

Years needed to restore demand, say UAE airlines

GM and SAIC’s China sales rebound in April as market recovers

Oil-hungry Asian nations pounce on low prices to build stockpiles

China faces wave of calls for debt relief on ‘Belt and Road’ projects

Buffett's Berkshire posts nearly $50bn loss on coronavirus

Irish airline Ryanair cuts up to 3,000 jobs over virus

US grants emergency approval to Gilead’s COVID-19 drug remdesivir

US manufacturing activity plunges to 11-year low as orders sink

Trump threatens new tariffs on China in retaliation for coronavirus

McDonald’s profit misses estimates as restaurants limit services

Global smartphone output to plunge by record 16.5pc in June quarter

Shell cuts dividend for first time since 1940s as oil demand collapses

US Federal Reserve warns coronavirus poses considerable risks

Oil rebounds above $14 after massive sell-off

Development bank to allocate $15bn to tackle virus fallout

Oil majors, govts haggle over sharing pain of deepest cuts yet

Merck sees $2.1bn coronavirus hit to 2020 sales

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