Bloomberg The World Trade Organisation (WTO) offered a less gloomy projection for this year’s decline in global trade while noting that downside risks remain if resurging outbreaks of Covid-19 stall the economic recovery. The WTO said it expects global merchandise trade to fall by 9.2% this year from 2019, compared with the 12.9% drop projected in April, according to revised …

Bloomberg Oil rises further after the biggest gain since May on growing optimism for more US fiscal stimulus and as President Donald Trump left hospital following treatment for Covid-19. Futures added 1.2%, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume talks on another round of pandemic relief funding, but there’s …

Bloomberg Southwest Airlines Co will seek to cut employee compensation in a last-ditch effort to avoid the first involuntary layoffs in the company’s 49-year history. The company wants to have givebacks in place by January 1, CEO Gary Kelly told employees in a video message, warning that “we all need to sacrifice more.” Kelly won’t receive a salary through the …