BUSINESS

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The Trump administration released the Economic Report of the President on Thursday, which claims a vast improvement over the previous administration.

After powering to a record close Tuesday, traders fearing the virus could spread and harm the global economy, sent Wall Street into the red.

Huawei's chief financial officer Meng Wanzhou was arrested in Canada in 2018 on a US warrant.

Trump has imposed tariffs on billions of dollars in goods and launched disputes with most key US trading partners over the past three years.

US-China trade tensions have been dialling down, with both countries signing a partial trade deal in mid-January.

It faces uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the deadly new coronavirus in China.

A 400-year-old oak tree nearly crushed the occupants of two Tesla vehicles in Dorset.

China has been praised by the WHO for its transparent handling of the outbreak.

In Britain, Sajid Javid's resignation sent London's benchmark FTSE 100 index down.

The company said commercial aircraft orders increased to 768 last year from 747 in 2018.

Britain has no official internet or social media regulator and is looking for ways to stop harmful online material from reaching children.

The renovations have meant Big Ben -- whose chimes feature on British television and radio news bulletins -- has been largely silent since 2017.

Japanese auto giant Nissan and South Korea's Hyundai Motor have also been affected.

Cautious comments on the fallout from the virus by US Federal Reserve Chairman Jerome Powell added to the sense of calm.

Relations between the two major economies have lingered for months in a tense truce.

The Dow won solid gains and pulled to within 100 points of a record of its own.

The new offer from the imaging and copying giant is around 10 percent higher than the bid launched last year.

The virus has jolted major supply chains for everything from food and household supplies to car and electronics parts.

Heading into the weekend, dealers were taking a step back after the week's strong gains across the world.

Ford confirms that its production run for its latest version of the iconic 24 Hours of Le Mans endurance race-winning supercar will not be until 2022.

Markets cheered China's announcement that it would halve levies on $75 billion worth of US imports after the two last month signed their mini trade deal

World Bank head David Malpass said the group plans to lower its global growth forecast owing to an expected hit to China.

Having dived nearly eight percent on Monday, Shanghai stocks were up 0.7 percent in early trade.

Oil prices hit 13-month lows at the start of Asian trading.

The EU's poorer members, also agreed to fight any move to cut the EU Cohesion Fund reserved for the bloc's weaker economies.

The British premier will note London has been told in earlier divorce talks with Brussels that it has the option of an ambitious trade deal.

Foreign airlines -- including British Airways and Lufthansa -- have begun cancelling or curtailing flights to and from China.

McDonald's had wanted to repeat the Soviet-era success by selling the Big Mac at its flagship Moscow restaurant at Soviet prices -- 3 rubles ($0.05) a piece