Coronavirus latest: China drops GDP target for first time in history

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Nvidia topped revenue and earnings estimates in the latest quarter as the coronavirus shutdown boosted digital demand and sales of its data chips soared 80 per cent from a year before.

Ramzan Kadyrov, the strongman ruler of Chechnya in southern Russia, has been hospitalised after reportedly contracting the coronavirus.

Facebook chief executive Mark Zuckerberg announced plans to shift towards a more remote workforce.

UK health secretary Matt Hancock announced that trials of a new coronavirus swab test, capable of returning results in just 20 minutes, will start next week.

Richard Clarida, vice-chair of the Federal Reserve pointed to the possible need for “additional support” by the US central bank to help markets and businesses cope with the recession.

On the Beach, the online UK travel company, has launched an emergency share placing for about a fifth of its existing share capital to help it survive the near total shutdown in international travel.

New York Governor Andrew Cuomo left open the possibility that the state’s schools would remain closed in September, citing the risk of a coronavirus-related inflammatory syndrome that has recently been discovered in children.

Nissan is to resume car production at Sunderland on June 8, the company said on Thursday.

Boris Johnson has reversed UK government policy and announced that migrant care workers and NHS workers will be exempt from a mandatory immigration health surcharge for use of the NHS.

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