Global markets retreat after Trump tests positive for Covid-19 – business live

Rolling coverage of the latest economic and financial news, as the US president confirms he has Covid-19

9.51am BST

Turning momentarily to the UK’s Covid response, the National Crime Agency says the government-backed Bounce Back Loan Scheme (BBLS) for small businesses seeking is being exploited – including by criminals.

According to Reuters, the NCA has provided banks with “red flag indicators” to help them detect fraudulent applications.

9.34am BST

The bets are off – at least on the Betfair website.

Bookmaker Betfair has suspended betting on US presidential election odds after Trump’s positive Covid-19 diagnosis.

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