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The government has been lambasted for merging the Department for International Development into the Foreign Office and for an absence of consideration to world co-operation in the pandemic. The warning spooked traders, sending shares crashing 23.1 per cent, or eleven.34p, to 37.84p. In a bid to chop costs, the embattled engine maker is chopping 9,000 jobs globally, including around eight,000 in its civil aerospace arm amid a major drop in demand triggered by the pandemic.
“Chinese stocks lead features as IMF declares $50 billion bundle to fight coronavirus”.
Choudhury, Saheli Roy; Huang, Eustance (26 February 2020).