Rolling coverage of the latest economic and financial newsLatest: Supermarkets are pushing FTSE 100 upChinese car sales slumped 80% last monthChinese service sector shrinks at record paceUK business confidence hit by coronavirusBut markets are rallying 1.50pm GMT Storm clouds are gathering over troubled UK regional airline Flybe.The FT is reporting that the government has rejected Flybe’s request for a £100m loan to keep itself in the air.Breaking: Flybe has told the government that it is running out of cash and will not survive until the end of the month. Airline has been hit by slump in bookings since COVID-19 outbreak. FlyBe says it needs a decision on its request for taxpayer loan of £100m “in the coming days” 1.41pm GMT Related: Calls for restrictions to prevent panic buying of masks Continue reading…
Via: Markets rally despite China car sales slumping 80% – business live
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