This comes a day after the US threatened to bar Chinese carriers if the country did not reopen to US passenger aircraft. The latest clash has come alongside a wider deterioration in relations between the two countries over trade and the status of Hong Kong.

The pests struck India earlier this year, but the unusual weather has now contributed to the early arrival of another wave. Locusts have already wreaked havoc elsewhere, jeopardising food security in countries like Kenya, Somalia and Ethiopia and prompting Pakistan to declare a national emergency in February.

GBP4bn inflows to retail funds in April after record outflows in March. In emerging markets, while the outperformance of large EM index weights, China and Korea-Taiwan tech, in the Covid-19 crisis suits passive funds, we believe China disruption from an economic fallout and worsening US relations might be a final chance for active funds to shine.

Google says groups tried to access sensitive information from both camps. With Trump’s re-election no longer a foregone conclusion, investors must now give serious consideration to a Biden presidency, which we believe would be positive for emerging markets.

The high share of expatriate residents has long been a populist political issue in the GCC, and particularly in Kuwait. In our recent report on the issue we said that any deterioration in the environment for GCC expats would be negative for the investment case in regional assets. Equally, those GCC countries which use the crisis to improve the incentives for long-term residency and investment by expats could emerge competitively stronger.

The image-sharing company has seen user engagement grow because of lockdown and social-distancing measures, according to Jeremy King, senior vice president of technology. This echoes our view that the global lockdown is changing habits and accelerating technology adoption, and that the new normal will be tech-enabled.