Good morning. Oil prices have crashed by almost a third after Saudi Arabia launched full-blown crude price war just as the coronavirus outbreak hits demand, sending global stocks into chaos.

Brent crude, the global benchmark, fell as much as 30pc before paring losses slightly to be down 26.1 per cent at $33.64 a barrel.

Stock markets are set for a massive drop at the open. The FTSE 100 is pointing 7.7pc lower; France's CAC 40 is set to open down 8.1pc; while the DAX in Germany is set to start the day 7.2pc in the red.

5 things to start your day

1) Oil price crashes 30pc as Saudi price war adds to coronavirus slump

2) Complacent governments will be torn to shreds Covid-19 has become a strategic contest between the social control of China and the free-spirited pluralism of the West, writes Ambrose Evans Pritchard

3) Sunak urged not to put taxman first when firms go bust. Groups including UK Finance and the British Property Federation are calling on the Chancellor to 'change course'

4) Female bosses left behind in push for workplace equality. The UK has made a lot of progress on female work, pay and directorships, but here and globally just one in 15 CEOs is a woman

5) Truckers face paperwork mountain Britain has opted against a fast-track security checks agreement with the EU

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Abcam

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Diversified Gas & Oil, Phoenix Group

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Clarkson

Economics

Industrial production (Germany)