Rolling live coverage of business, economics and financial markets as European stock markets decline after Chinese selloff
- Bitcoin nears $40,000 after Amazon job ad triggers speculation
- Aon and Willis Towers Watson abandon insurance mega-merger
- Ryanair ups forecasts after summer bookings surge
- China’s private tutoring sector under pressure as crackdown promised
London’s public transport operator has called for further financial help from the government after it said that still has a £500m budget shortfall.
The government has agreed to fund Transport for London (TfL) up until 11 December, but the body’s revised budget shows that spending cuts have not been enough to make up for the drop in revenues caused by the coronavirus pandemic. The previous budget had shown a £900m shortfall.
US stocks have wilted, as expected, coming off record highs and following declines in China and Europe.
Here are the opening snaps:
