An afternoon rally handed the S&P 500 its biggest one-day gain in nearly two months as the latest US jobs figures helped allay concerns about a domestic and global slowdown that have been brewing for most of the week.

Brussels has opened a full-blown investigation into a tie-up between aircraft makers Embraer and Boeing over concerns it may reduce competition, according to a statement late on Friday.

Shoe retailer Clarks won an employment tribunal claim against its former chief executive, who had claimed he was forced out after questioning its corporate governance practices.

Austrian chip and sensor maker AMS has failed in its bid to acquire the German firm Osram, following a prolonged bidding war with private equity conglomerates.

US president Donald Trump said on Friday that his administration had formally nominated Poland for entry into the US visa waiver programme, in a pre-election boost for Poland’s ruling Law and Justice party.

Helena Morrissey, one of the highest profile women in the City of London, is to leave Legal & General Investment Management in a surprise move after less than three years as head of its personal investing business.

Rory Stewart, who ran for the leadership of the Conservatives this summer, has quit the party and announced that he will run as an independent candidate in next year’s London mayoral election.

British new car sales grew at the slowest rate among major European markets during September, according to figures from the Society of Motor Manufacturers and Traders.

The UK’s financial regulator is weighing whether to ban insurers from “price-walking” customers on to more expensive policies when they are renewed, after finding that about 6m policyholders were being overcharged by £1.2bn a year.

India’s central bank has slashed its forecast for the country’s economic growth to 6.1 per cent for this year, down from its previous estimate of 6.9 per cent, highlighting the economy’s dramatic loss of momentum.

Business confidence in Hong Kong sank to a seven-and-a-half year low in September as US-China trade tensions and anti-government protests hit demand, a private survey found.

HP plans to cut as many as 9,000 jobs as part of broader plans at the computer and printer maker to reduce costs and simplify its business.

US stocks shook off early concerns about slowing growth in the domestic services sector that fuelled this week’s renewed doubt over the health of the global economy.

Constellation Brands boosted its full-year outlook but investors soured on the stock after the beer maker’s results were weighed down by its investment in pot company Canopy Growth.

Pablo Salame, a former Goldman Sachs vice-chairman and co-head of securities, will join Citadel, the $32bn hedge fund run by Chicago billionaire Ken Griffin, as its head of global credit.

MGM Resorts has agreed to a settlement of up to $800m with survivors and family of victims killed in a 2017 mass shooting in Las Vegas, the deadliest ever on American soil.

Shares in the owner of Snapchat tumbled more than 7 per cent to their lowest in nearly four months after rival social media group Facebook said it was launching a new camera-focused messaging app under its Instagram banner.

The US services sector grew at its slowest pace in three years during September, adding to a recent string of weak economic data this week and further spurring a sharp sell-off for global stocks and a rally in government bonds.

The FTSE 100 has renewed its slide as fears over the state of the UK economy left the index on track for its worst week in nearly four years.

Saudi Arabia said it has fully restored oil production to almost 10m barrels a day following the attacks on two of its key facilities last month, weighing on crude prices and sending them to the lowest level since August.

Polish consumers with mortgages linked to the Swiss franc can ask national courts to annul them, the EU’s top court ruled on Thursday.

Europe’s top court has ruled that individual countries can force Facebook to take down illegal content, including hate speech, both inside the EU and across the world.

Business activity in Germany’s services industry worsened more than expected last month, as the woes in the manufacturing sector bled into the greater economy, magnifying fears of a looming recession.

The chief executive of Imperial Brands has announced she will step down, a week after the tobacco company cut its revenue forecast.