Brussels is investigating whether €900m in bridging loans to Alitalia from the Italian government were illegal under the bloc’s state aid rules.

Hyundai should carry out a fundamental restructuring, appoint fresh board members and significantly increase dividends, Elliott Advisors has said under a proposed plan to bring “much needed improvements” to the Korean carmaker.

France is facing an increase in its government debt and deficit levels after Eurostat raised questions about the quality of public sector accounting from the French government.

Customers of UK high street bank TSB were left unable to access their accounts online or through the company’s mobile app on Monday, a day after the bank was due to finalise its separation from former owner Lloyds Banking Group’s technology systems.

Salah Abdeslam, the last surviving member of the group of terrorists who carried out the 2015 Paris attacks, has been found guilty by a Belgian court of trying to kill police in a shootout in Brussels.

A slowdown in the pace of business activity in the eurozone came to a stop in April after two straight falls, business executives have said, in a sign that the economy may be steadying after a wobbly start to 2018.

US government bonds are approaching major milestones as investors continue to sell the debt and faith in the global economic rebound holds, making riskier assets more appealing.

A jolt of drama has struck the industry that provides engineering and construction services for the world’s energy sector.

Luxembourg’s Subsea 7 diclosed on Monday that it made a $2bn proposal for McDermott that is contigent on the US group dropping its planned tie-up with Chicago Bridge & Iron Company.

Have hedge funds been caught short by Capita this morning? Many had increased their bets against the outsourcing group’s shares, ahead of news of its £700m rescue fundraising and full-year results, due on Thursday. According to The Times, funds including AQR Capital Management had added to their positions against the company, making Capita one of the most shorted stocks on the London market. But the company has decided to release all the fundraising details - plus a plan to sell businesses, strengthen cash flow and double profit margins - this morning. 

Shares in Capita jumped 13 per cent in early trading after the outsourcer set out its new strategy to investors and announced its £701m rights issue would be set at a ratio of three new shares for every two existing ones.

Britain and Michigan will work together to develop rules for self-driving cars and technology for smart motorways under a broad agreement to collaborate over the changes coming to road transport.

Shares in Clarkson lost almost a third of their value on Monday after the world’s biggest shipbroker, which has for some months been predicting a recovery in its long-depressed market, reversed course to issue a strong profit warning.

Capita has launched a share issue to raise £701m after revealing a £513m loss for last year as its scrambles to recover from a series of reputation-damaging contract bungles and repair its balance sheet.

Brussels plans to shift tens of billions of euros in EU funding away from central and eastern Europe, diverting money to countries hit hard by the financial crisis such as Spain and Greece. 

Glencore is studying options to recapitalise one of its copper projects in the Democratic Republic of Congo to resolve a dispute with the country’s state-owned miner that threatens to dissolve the company. 

Myer Holdings, one of Australia’s oldest retailers, has appointed the former head of British department store chain House of Fraser, John King, as its chief executive.

Swiss bank UBS has got the European bank results season off to a strong start, reporting a larger-than-expected 17 per cent rise to SFr1.97bn in reported pre-tax profits for the first quarter of 2018, boosted by strong investment bank results.

The successful IT unit of India’s sprawling Tata conglomerate saw its market cap push above the $100bn mark on Monday, a first for India’s stock market.

Mexico’s presidential hopefuls trained all their artillery on frontrunner Andrés Manuel López Obrador in the country’s first electoral debate but despite a smart performance by second-placed challenger Ricardo Anaya, the leftist stuck to his guns and emerged largely unscathed.

Thailand recorded its highest trade surplus in four months in March even as exports came in short of estimates.

Asia Pacific stocks had a mixed start to the week as geopolitical tensions eased and US Treasury yields hovered at a four-year high.

Selling of shares in chipmakers and other Apple-linked companies continued at a slower pace in early Asia trading on Monday after tech stocks took a hit late last week on fears of weakening iPhone sales. 

Growth in Japan’s manufacturing sector picked up in April, snapping two months of decline as output increased and business confidence strengthened, according to a preliminary industry gauge. 

HNA has once again cut its stake in Deutsche Bank, this time to 7.9 per cent despite previous assertions that it had no plans to further divest from Germany’s largest lender.