Theresa May has insisted that Britain can secure a “good deal” on Brexit, but speaking at the end of a European Council meeting she admitted that there were still “considerable outstanding issues” to be resolved.

Coca-Cola unveiled a management rejig on Thursday, including the departure of its chief financial officer after three decades with the company.

Wall Street’s declines accelerated in mid-morning trade, with tech stocks again leading the way.

US Treasury Secretary Steven Mnuchin will not attend the Future Investment Initiative conference in Saudi Arabia, the White House said on Thursday, amid growing international furore over the disappearance of journalist Jamal Khashoggi.

Tech companies have been lining up to hold IPOs next year, but it is turning out to be a bumpy ride for any trying to brave the market amid the current volatility.

Mike Pompeo, the US secretary of state, has told Donald Trump the US should give Saudi Arabia “a few more days” to conduct its investigation into the disappearance of Jamal Khashoggi, a journalist and critic of the kingdom who has not been seen since October 2.

Italian government debt has hit the skids again, sending a key measure of the perceived risk of holding it to a five-and-a-half-year high, as investors eye the growing likelihood of a budget stand-off between Brussels and Rome.

Bacanora Lithium is looking to return to the London market to fund its lithium project in Mexico, following its abrupt cancellation of a $100m share sale in July due to volatile market conditions.

Russian president Vladimir Putin says there is no reason to downgrade relations with Saudi Arabia without a full investigation into the disappearance of Saudi dissident Jamal Khashoggi.

US stocks fell and government bonds extended their sell-off on Thursday as traders adopted a risk-off stance following hawkish comments from the latest Fed minutes and fresh concerns over China’s growth outlook.

Oil prices declined for the second day in a row on Thursday, with investors still focused on a sharp build in American crude inventories.

Russia’s army will receive a new hypersonic missile system in the next few months, president Vladimir Putin has said, adding that Russia’s nuclear programme was the most advanced in the world.

The head of Italy’s big business association Carlo Bonomi has given a rousing and emotional speech criticising the anti-establishment government before an audience including finance minister Giovanni Tria and Claudio Borghi, the Eurosceptic adviser to deputy prime minister Matteo Salvini.

The government is looking at further ways to drive up investment in UK housing and infrastructure by utilising billions of pounds held in workplace pension schemes.

Cabinet members representing the UK and France will not attend the Future Investment Initiative conference in Saudi Arabia, following increasing pressure relating to the disappearance of journalist Jamal Khashoggi.

Russian president Vladimir Putin has said the Russian military campaign in Syria has “by and large delivered” on its achievements, despite Moscow’s activities in the country dragging into a fourth year.

Deutsche Bank has replaced its top transaction banker with a close confidant of chief executive Christian Sewing, in a move that demonstrates the executive’s tightening grip over the lender’s struggling investment bank.

Business has welcomed as “pragmatic and sensible” the suggestion that the transition period after Brexit could be extended, after Theresa May said in Brussels on Thursday that she would be ready to do so in a bid to break a deadlock in negotiations with the EU on the Irish border.

President Donald Trump on Thursday threatened to close down the US’s southern border if Mexico does not stop the “human caravan” of migrants from Central America making its way to the US.

Shares in Spanish banks fell on Thursday after the country’s supreme court ruled that banks rather than clients should be liable to pay certain fees on mortgages.

European mining stocks fell on Thursday as concern about the economic outlook in China hit the sector after wider falls for equities indices in Shanghai.

Invesco has agreed to buy rival asset manager OppenheimerFunds from MassMutual for roughly $5.7bn, in a deal that will put the group among the very largest money managers as industry-wide consolidation accelerates.

Blackstone reported record capital inflows of $125bn over the past 12 months and beat analysts’ forecasts for quarterly profit, as chief executive Stephen Schwarzman hailed “powerful momentum throughout our existing business lines” and a new push into life sciences.

A case of “mad cow disease” has been identified on a farm in Scotland for the first time in almost a decade.