Panic hits global markets amid threat of coronavirus and oil price slump

FTSE100 expected to fall 6.3% on opening on Monday after Asian shares are battered by growing fears of a worldwide recession

Oil price plunges almost 30% as Saudis vow to step up production

Move follows Russian refusal to join Opec-led production cut aimed at keeping prices high

Washington DC-based bank grants funds to redraft south American state’s oil laws by lawyers linked to oil giant

The coronavirus will reduce budget 2020 from a big bucks curtain raiser for Boris Johnson’s Toryism to a disaster relief statement

Central bankers need to coordinate their efforts to stop wavering economic sentiment from declining further

Analysts rule out any quick return to normality as firms warn on profits and public health measures hammer retail and travel

Summit in Vienna aimed to slash output to prevent crash as coronavirus hits demand

Markets have been up and down for weeks due to uncertainty over how much damage outbreak will do to global economy

Cartel warn of deepest quota cuts since financial crisis but experts warn reduction may be ‘too little, too late’

The IMF has torn up its growth forecasts as the Covid-19 outbreak hits the world economy, as the Bank of England’s next governor faces MPs

Ranks of those worth over $30m swell to 513,000 despite global growth slowdown

Central bank moves to protect economy from coronavirus outbreak

Warwick McKibbin, who has modelled previous pandemics, says GDP could fall in a worst-case scenario by nearly 8%

Several countries at risk of recession as Covid-19 spreads around the world

Shares suffered spectacular falls last week, but the worst is probably yet to come