Bloomberg Primark, the budget fashion chain owned by Associated British (AB) Foods Plc, has closed every store it operates due to the spread of the coronavirus, which will lead to a loss of 650 million pounds ($760 million) for each month the shops are shut. Primark had closed 20% of its selling space as of March 16, and on March …

Bloomberg China’s economy will swiftly return to its potential growth rate and there’ll be significant improvement in the coming three months, a senior central bank official said on Sunday. “Economic indicators will likely show significant improvement in the second quarter and the Chinese economy will return to potential output level rather swiftly,” People’s Bank of China Deputy Governor Chen Yulu …

Bloomberg Coal companies want to suspend payments for mine cleanups. The trucking industry wants to waive rules that limit drivers’ daily hours. And oil producers want to put off a June 1 deadline to shift to summer-grade gasoline. A wide range of industries are pleading with federal agencies to waive environmental requirements and ease regulatory deadlines, arguing that the global …