Currency softens beyond key level as investors brace themselves for more interest rate cuts

Rial to be changed to the toman after five decades of inflation

Sterling under pressure from US-China angst and renewed Brexit concerns

Country’s finance minister seeks to reassure investors on impact of Covid-19

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project

Ankara’s banking regulator acts after currency slides below level reached in 2018 crisis

Singapore’s second wave of infections and US meat packers offer cautionary tales

New workers could suffer the scarring effects of lockdown for decades

Airline’s biggest shareholder calls for CFO’s exit over failure to scrap £4.5bn Airbus order 

European aerospace group confirms it will slash output of popular A320 single-aisle jet

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts

The industry has been one of the hardest hit, with contracts cancelled, production halted and pleas for big bailouts

Guillaume Faury tells employees in letter that lockdown threatens manufacturer’s existence

The pandemic has made airlines reluctant or unable to accept new jets

Airline calls shareholder vote on directors in latest escalation of dispute

‘We will be a smaller company for a while,’ says chief David Calhoun

US aircraft maker can get along fine without any bailouts

Industry associations demand detail to manage risk of trading from home

US benchmark S&P 500 can drop a maximum 7 per cent before first protection kicks in

Filing opens door to potential sale of half of Virgin Group’s holding in space venture

Fortunes are created by technology and globalisation, as well as talent and enterprise

Small-cap stocks underperformed large-caps throughout the bear market and rally

Remdesivir news moves markets more than economic data or Fed action

Sell-off dents investment holdings despite uptick in operating profit

Homeowners must use ‘cleaner alternatives’ for coal fires and wood-burning stoves from 2021

Price of key steelmaking ingredient has held up, despite big drop in economic activity

Steelmaker says more funding needed given scale and length of lockdown disruption

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday

Post-Brexit Britain will need a viable industry to support global role

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions

Lenders and lessors had little alternative but to accept the debt-for equity swap

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus

Priority status as grid suppliers helps Orsted and Iberdrola weather drop in demand

Fall could be the equivalent of India’s total annual consumption, IEA says

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand

State-owned flag carrier struggling to pay salaries and secure funds to stay aloft

First state company to enter business rescue since end of apartheid

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire

State-backed carrier starts cancelling flights as vital government funding is delayed

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off

S&P 500 gives back some of its earlier rally as US stimulus package attracts objections on Capitol Hill

Shares rally this week on hopes that spread of pandemic may be easing