Reuters

World stock markets regained a measure of calm on Monday as hopes for a raft of global interest rate cuts to soften the economic blow of the coronavirus steadied nerves and drove U.S. Treasury yields close to 1%.

U.S. sportswear giant Nike said on Monday its European headquarters in the Netherlands would be closed until Wednesday after an employee was infected with the new coronavirus.

Britain's financial services industry could fare less well than energy, autos and other sectors under a free trade deal with the United States, the government said on Monday.

Nokia has rehired former executive Pekka Lundmark from energy group Fortum to lead the Finnish telecoms company's efforts to revive its faltering 5G business.

Barclays' chairman and board should rescind their support for Chief Executive Jes Staley following the disclosure of regulatory probes into his links with U.S. financier Jeffrey Epstein, the bank's third biggest investor said on Monday.

The British government said any system to protect U.S. companies' interests in the country after a free trade agreement - typically a sensitive issue for civil society groups worried about the power of multinationals - would have to be fair and transparent.

Britain will not lower its regulation around environmental protection, animal welfare and food standards as part of trade talks with the United States, it said in a document setting out its mandate on Monday.

Britain said on Monday that the price its state funded National Health Service (NHS) pays for drugs would not be on the table in trade talks with the United States.

Britain outlined its negotiating mandate for talks with the United States on Monday, with the hope of reducing tariffs while shielding the public health service and protecting food and animal welfare standards.

Britain said on Monday it will seek to achieve huge gains by removing barriers to trade with the United States in talks for a deal this year but its health service would not be on the table in talks.

Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday.

Finnish telecom equipment maker Nokia's incoming chief executive Pekka Lundmark told a news conference on Monday it was too soon to talk about any strategic changes.

Nearly 300 million people have gone back to work in China since the Lunar New Year break as more companies restart business and coronavirus travel restrictions ease, although many small firms are still struggling to find enough workers to run plants.

Goldman Sachs Group Inc has told its staff that all non-essential business travel should be postponed, according to a memo seen by Reuters.

Global factories took a beating in February from the coronavirus outbreak with activity in China shrinking at a record pace, surveys showed on Monday, raising the prospect of a coordinated policy response by central banks to prevent a global recession.

Middle East governments should consider providing support to airlines to help them manage the impact of the coronavirus outbreak, which has led to a raft of flight cancellations, the industry's largest global body said on Monday.

Nike's European headquarters in the Netherlands will be closed on Monday and Tuesday after an employee was infected with the coronavirus.

Britain will unveil on Monday its mandate for trade talks with the United States, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the two countries' "special relationship".

The first data releases coming out for February make for grim reading: China's factories were dealt a devastating blow last month as the coronavirus epidemic triggered the sharpest contraction in activity on record, with the health crisis paralysing large parts of the economy.

Oil prices jumped more than 3% on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.