Rolling coverage of the latest economic and financial news, as world markets suffer their worst week since the 2008 crisis
- Geneva motor show pushed back to September
- Switzerland bans large gatherings
- UTK market down another 4.5% this morning
- Mark Carney: UK economy could be hit
- Introduction: recession fears stalk markets
- Dow suffered record points fall last night
- BA loses business passengers; easyJet forced to cut costs
11.32am GMT
It’s official: The Geneva Motor Show has been postponed by six months.
The shows’s organisers just announced the (inevitable) move, following Switzerland’s ban on large gatherings. They say it was “increasingly difficult” for delegates to arrange visas, or fix flights to the show, given the escalating crisis over Covid-19.
The 48th International Exhibition of Inventions Geneva, which was supposed to be held in Palexpo from March 25th to March 29th , is postponed to September.
Due to the epidemic of Coronavirus striking in Asia, a very important actor of the Exhibition with a strong presence of inventions from China and Hong Kong. Nearly 50% of exhibitors come from the Asian continent, a third of which from China and a third from Hong Kong.
Geneva Motor Show postponed until Septemberhttps://t.co/cd85aTXSrb
11.30am GMT
In other news, three former Barclays bankers accused of funnelling secret fees to Qatar in exchange for emergency funding at the height of the 2008 financial crisis have been found not guilty of fraud.
More here:
Related: Three former Barclays executives found not guilty of fraud
