5. Asian shares sank today as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion what is likely to be a deep global recession.
4. Primark's 189 UK stores have closed "until further notice", as demand drops due to social-distancing during the coronavirus pandemic.
3. Oil prices fell today as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction.
2. McDonald's will close all 1,270 of its restaurants in the UK by the end of the day, as fears over the spread of coronavirus escalate.
1. The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned.
Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis.
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Intelligent Ultrasound Group (MED) has announced that one of its BodyWorks Point-of-Care Ultrasound Simulator (“PoCUS”) has been deployed to the emergency simulation centre at the NHS Nightingale Hospital at London's ExCel centre.
The emergency loans scheme for businesses struggling to survive amid the coronavirus pandemic has been revamped following strong criticism. The Treasury said it had received more than 130,000 loan enquires from firms but fewer than 1,000 had been approved.