In just three weeks, more than 16 million US workers have lost their jobs — more losses than the most recent recession produced over two years.

Airbus's decision to reduce production of its best-selling a320 marks a huge shift for the company but there are fears there are still too many planes being made.

Asian billionaires are looking to snap up assets pummelled in the global pandemic at bargain prices, but they are also facing hurdles as more governments seek to deter foreign takeovers of local firms.

OPEC and its allies led by Russia agreed to cut their oil output by more than a fifth and said they expected the US and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.

The Trump administration has a plan for helping drain US storage tanks filling up with crude: Persuade other countries to buy those American barrels first.