Germany commits…EU leaders have agreed on a huge rescue package to mitigate the economic damage wrought by the pandemic with Berlin set to provide a substantial contribution. A leaked WHO report shows disappointing results from trials of Gilead’s touted Coronavirus drug, Remdesivir. In the U.S., as 16 states release their formal re-opening plans following lockdowns, President Trump warns that social distancing measures may need to be extended into early summer or beyond. Tech giant Intel abandons its 2020 guidance, warning that a demand surge for microchips may yet turn into a slump. In the UK, retail sales fall by a record 5.1 per cent in March.

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