Rolling live coverage of business, economics and markets as stock markets and bonds suffer from lack of recovery planItalian bonds hit as EU finance ministers fail to agree dealTesco to pay £656m dividends after £585m government aid Insurers cancel dividends after Bank of England repeats warning Coronavirus – latest updatesSee all our coronavirus coverage 2.47pm BST Wall Street indices have diverged from European shares, rising by about 1% at the opening bell.The Nasdaq and the S&P 500 both gained about 1.5%, while the Dow Jones industrial average rose by 1.4%. 2.32pm BST EasyJet has confirmed that it has received Stelios Haji-Ioannou’s request for a meeting to vote on the removal of two directors from its board.They are Andreas Bierwirth, who is also the chief executive of German telecoms provider T-Mobile, and Andrew Findlay, easyJet’s chief financial officer. EasyJet said shareholders should sit tight while it considers the notice: The Board is considering the contents of the Requisition Notices and further announcements will be made as appropriate. Shareholders are advised to take no action at this time. Continue reading…
Via: Germany heads for deep recession as EU leaders fail to agree Covid-19 rescue – business live
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