Tue. Jan 19th, 2021

Trade wars: China slashes tariffs on 850 products – business live

Rolling coverage of the latest economic and financial news, as China gives the world economy a festive gift

8.58am GMT

Shares in NMC Healthcare, the UAE’s largest healthcare provider, have surged nearly 25% after it responded to an attack from short-seller Muddy Waters.

NMC has launched an ‘independent review’ of its books, days after Muddy Waters claimed that its asset values, cash balance, reported profits and debt levels could be inaccurate.

8.40am GMT

With two days until Christmas, European stock markets are notably quiet.

Britain’s FTSE 100 is down 18 points, or 0.25%; technology, consumer non-cyclicals and industrials are the only sectors rising today.

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