Commodities
Chevron cuts spending by $4bn to strengthen finances
Chevron will cut capital and exploration spending by $4bn (£3. 4bn) and scrap share buybacks to strengthen its finances against the effects of the coronavirus crisis.
G7 pledges action to protect global economy during pandemic
The G7 has pledged to do “whatever is necessary” to help support the global economy, which has been sent reeling by the coronavirus pandemic.
Global airline industry at risk of collapse in 'gravest crisis' yet - IATA
Governments around the world need to save crisis-hit airlines, a leading industry body has warned, as it forecast revenues would nearly half in 2020 because of the coronavirus pandemic.
US business activity hits record low in March
There was sharp contraction in both the US manufacturing and services sectors in March as the coronavirus took its toll, according to flash data released on Tuesday.
Sharp bounce on Wall Street amid signs Senate near agreement on stimulus
Top Senate leaders appeared to be getting closer to a deal on a spending package to see the US economy through the coronavirus pandemic, although it remained to be seen if Democracts in the lower house of Congress could be brought onside.
Covid-19 weighs heavily as German output plunges
German output slumped in March, as the coronavirus outbreak weighed heavily, dragging the country’s service sector down to a record low and setting the eurozone’s biggest economy on course for recession.
Eurozone business activity collapses in March due to Covid-19
Eurozone business activity collapsed in March amid the escalating coronavirus crisis, according to data released on Tuesday.
Rio Tinto curtails activity in South Africa and Canada
Rio Tinto will curtail operations in South Africa and Canada to comply with measures imposed by the countries' governments in response to the Covid-19 crisis.
Anglo American reviews South Africa lockdown order
Anglo American said it was reviewing the impact of the South African government's national lockdown to curb the spread of Covid-19.