Singapore cut its 2020 growth and exports forecasts on Monday due to the expected economic blow from the new coronavirus outbreak, flagging the chance of a recession this year.

Consumers in the United Kingdom face higher prices and reduced availability of goods if the government fails to agree pragmatic solutions with the European Union on regulatory checks at ports in any post-Brexit deal, the retail industry's lobby group warned on Monday.

Chinese companies are using cheap funds raised via "virus bonds" to store cash and cover debts as  Beijing works to channel money into coronavirus-affected areas of the economy, according to Reuters News Agency.

Saudi Arabia and Kuwait authorized the restart of oil production at the Wafra field from Sunday, more than four years after they halted output at the shared deposit.

Tesla Inc made an about-turn on Thursday by announcing plans to raise $2bn in a stock offering as the electric car maker taps into an astronomical jump in its share price in the past few months.