US stocks staged their biggest one-day drop since early January as concerns about global growth spurred the biggest rally in Treasuries in 10 months and closely watched indicators pointed to a coming recession.

Global equity markets took a hit on Friday after a run of weak economic data and a troublesome indicator in the US bond market pointed to a deepening slowdown.

What the Fed giveth, global growth jitters taketh away.

VanEck, one of the largest investors in Newmont Mining, has become the second investor to call on the gold miner to reduce the premium it is paying in its $10bn acquisition of rival Goldcorp.

British counter terror police say a suspicious package found at a postal depot in the Irish city of Limerick on Friday morning is linked to four parcel bombs sent to addresses in England and Scotland earlier this month.

Clete Willems, Donald Trump’s G20 and G7 sherpa, who has been deeply involved in the US trade negotiations with China, is leaving the White House to join the private sector, senior administration officials said on Friday.

Sterling bounced on Friday after the EU agreed to extend next week’s Brexit deadline, easing worries over the UK’s divorce from the bloc.

The sharpest rally for US government bonds in 14 months have put Treasuries on course for their best March quarter since 2016.

Wall Street’s losses nearly doubled by lunchtime in New York on Friday while Treasuries rallied on concerns about global growth and as a key recession indicator was flashing red.

President Donald Trump plans to nominate Stephen Moore, a visiting fellow at the staunchly conservative Heritage Foundation think-tank and former adviser to his 2016 campaign, for a spot on the Federal Reserve board.

Prudential paid an unnamed employee £16.6m last year, more than double the total package earned by chief executive Mike Wells.

Deutsche Bank’s single largest shareholder, burdened with debts at home, lowered its stake in the Frankfurt-based lender for a second time in a month, a regulatory statement said on Friday.

Watch out for the Shaq attack, because Shaquille O’Neal, the retired NBA basketball player, is joining the board of pizza chain Papa John’s International.

Asian liquefied natural gas prices fell to multiyear lows on Friday on sluggish demand amid warmer temperatures and nuclear restarts in Japan.

EU Council president Donald Tusk emphasised on Friday that all Brexit options are still open for the UK, including Britain simply choosing to revoke its Article 50 application and remain in the bloc.

Sales of previously owned homes in the US jumped by the most in more than 3 years in February as mortgage rates eased ahead of the key spring selling season.

Turkey’s lira suffered its worst one-day fall on Friday since the country’s crisis last year, amid a global retreat by investors from riskier assets.

TMK, a Russian manufacturer of oil and gas pipelines, has agreed to sell its US asset to Milan-based Tenaris for $1.2bn, the company said on Friday.

Pilgrim’s Pride named its current US president Jayson Penn as its new chief executive on Friday.

A key measure of the US yield curve watched by the Federal Reserve and seen as an indicator of a coming recession inverted for the first time in over a decade on Friday, compounding concerns over slowing US growth following the Federal Reserve policy shift this week.

Canada’s inflation ticked higher in February but remains well below the central bank’s target, suggesting policymakers will have ample room to stick to their wait-and-see stance on further interest rates tightening this year amid signs of decelerating growth.

Betting shop owner GVC has confirmed that it is seeking a new chair, weeks after its current chairman sold a £6m stake in the company.

Jaguar Land Rover has won a legal case to prevent a Chinese car brand from selling a copycat vehicle, ending a three-year court battle.

Deutsche Bank has attracted heavy criticism for more than doubling the pay for the head of its struggling investment bank last year to €8.6m, including €250,000 a month extra to oversee the lender’s Brexit plans.