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Boeing to cease 747 production as losses hit $2.4bn

The US planemaker has also warned of job cuts beyond the 10% reduction already announced.

Fund mangers could lose $2 billion on credit-risk-transfer securities, which shift the risk of borrower defaults from the GSEs to private investors.

UK banks fear 800,000 firms could go bust if they are unable to defer payments on coronavirus loans.

Shadow chancellor Anneliese Dodds will call for jobs schemes to be extended during local lockdowns.

El Salvador lost 20,000 apparel industry jobs this year and could lose another 5,000 as production plummets 35% due to Covid-19.

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