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Rolling coverage of the latest economic and financial newsLatest: UK industrial output in worst fall since at least 1975Introduction: Jump in Covid-19 cases worries marketsCoronavirus – latest updatesSee all our coronavirus coverage 1.23pm BST The record slump in UK factory output in the last three months is “very disappointing,” says Howard Archer, chief economic advisor to the EY ITEM ClubIt suggests that the economy...

Rolling coverage of the latest economic and financial news, amid heightened tensions between the US and China China pledges to ‘support’ Hong Kong’s police as US warned not to interfereUK says it will extend Hongkongers’ visa rights if China pursues security laws 10.01am BST UK lenders have granted around 1.5 million payment holidays on credit cards and personal loans for customers impacted by the...

Rolling coverage of the latest economic and financial newsWall Street jumps 5% at the open1pm: FTSE 100 has surged 8%, after Thursday’s 10% crashCoronavirus – latest newsIntroduction: Markets reopen after 10% rout on ThursdayStocks rally across Europe 4.22pm GMT Just in: Insurance giant AVIVA has suspended travel insurance sales, following other industry players.It says that travel insurance is designed to cover unforeseen events, while...

Rolling coverage of markets, economics and business news amid warning of increased risks posed by non-bank lenders 11.32am GMT Back on the ECB, here’s a bit more detail on those building financial stability risks.Low interest rates – designed by central bankers to stimulate spending – have had the knock-on effect of making it more difficult for investors to make returns on their money. That...

Mass protests triggered by leaked text messages have led to the resignation of Ricardo Rosselló. Oliver Laughland discusses his time on the island. And: Larry Elliott on why sterling is at a 28-month lowHundreds of thousands of people have lined the streets of Puerto Rico over the past couple of weeks in some of the largest demonstrations in the US territory’s history. They began...

Rolling coverage of business, economics and markets as sterling hits new 28-month low against the US dollar 8.19am BST Centrica shares have fallen by 10% in early trading on the FTSE 100.Here is the chart which probably goes some way to explaining why Centrica boss Ian Conn is being shown the door. 8.07am BST Back on sterling, it’s “relentless selling pressure” says Neil Wilson,...