Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week.
Coronavirus is threatening to plunge the £2 trillion global fashion business into its worst crisis since the financial crash of 2008. John Arlidge reports
Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
Three former Barclays executives were cleared of credit-crisis era fraud charges by a jury on Friday after a landmark London trial over undisclosed payments to Qatar in 2008.
When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.
The United States will invoke special powers to boost production of masks, gloves, gowns and other items to combat the coronavirus, Health and Human Services Secretary Alex Azar said on Friday, as the Trump administration came under criticism from Democrats for its response to the crisis.
