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Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question.

Global accounting and consulting firms Deloitte and EY said on Wednesday they were cutting pay for partners at their UK businesses by a fifth to protect jobs during the coronavirus crisis, mirroring moves at rivals PwC and BDO.

The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged "presidential communications."

The European Union is looking at ways to get the economy back on its feet next year after what is expected to be the 27-nation bloc's deepest ever recession, caused by the coronavirus pandemic.

Financial officials of the Group of 20 major economies said on Wednesday they had agreed on a coordinated approach for a suspension of debt service payments for the world's poorest countries starting on May 1 until the end of the year.

Oil prices sank on Wednesday after the United States reported its biggest weekly build of crude oil inventories on record, while forecasts showed global demand crumbling to its worst levels in a quarter of a century.

Aston Martin is extending by a week the manufacturing suspensions in place at its two car factories, ahead of the arrival of its crucial first sport utility vehicle, whilst lockdown measures to combat coronavirus continue.

U.S. manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment contracted further in the first quarter.

Ryanair is steeling for an airline price war that it expects to win once coronavirus restrictions are lifted and passengers flock back to tourist destinations, Chief Executive Michael O'Leary told Reuters on Wednesday.

Indian airline Vistara has negotiated a reduction and deferment of payments to some suppliers to conserve cash, the airline's CEO said in an internal memo, after the government extended India's lockdown to contain the coronavirus.

Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts and always selling his crude to U.S. oil refiners.

Amazon will close its warehouses in France until at least early next week after a court ordered it to limit deliveries to essential goods such as food and medical supplies.

Wall Street's main indexes slid 2% on Wednesday, as a record drop in retail sales and dour first-quarter earnings reports lent weight to forecasts for the biggest economic slump since the Great Depression.

International Monetary Fund Managing Director Kristalina Georgieva and World Bank David Malpass on Wednesday praised a new G20 debt relief agreement that suspends bilateral debt servbice payments by poor countries.

Abu Dhabi Commercial Bank said on Wednesday it had begun criminal proceedings in Abu Dhabi against an unspecified number of individuals in relation to hospital operator NMC Health , which was placed in administration last week.

UnitedHealth Group Inc on Wednesday reported a better-than-expected quarterly profit due to strength in the pharmacy benefit business and maintained its forecast for the year, sending the company's shares up nearly 3% before the bell.

UnitedHealth Group Inc Chief Executive David Wichmann said on Wednesday that a broad hold on elective procedures due to the new coronavirus pandemic has negatively impacted its Surgical Care Affiliates ambulatory surgery centers that provide outpatient joint, spine and cardiovascular procedures.

(This April 14 story corrects paragraph 4 to say company raised its dividend to 79.07 cents from 74.59 cents, not to 7.907 cents from 7.459 cents.)

Global accounting and consulting firm Deloitte is cutting pay for partners at its British arm by a fifth to protect jobs during the coronavirus crisis, mirroring moves at rivals PwC and BDO.

The U.S. State Department, Treasury, and Department of Homeland Security Issues, along with the FBI, issued an advisory on Wednesday about North Korean cyber threats that called particular attention to banking and finance.