Rolling coverage of the latest economic and financial news, as shares slide in Asia and Europe

10.22am BST

The futures market is indicating a bad start on Wall Street later today. The Dow is now expected to drop by over 1%.

Dow futures pointing to a 300-point drop at 5:15AM ET. S&P down 38 points, while Nasdaq -120 pts $DIA $SPY $QQQ

9.46am BST

Newsflash: Britain’s technology company Dyson has decided to build its first electric car in Singapore.

Our existing footprint and team in Singapore, combined with the nation’s significant advanced manufacturing expertise, made it a frontrunner.

Singapore also offers access to high-growth markets as well as an extensive supply chain and a highly skilled workforce.

Dyson is truly global in its development, delivery and realisation of technology. This decision is good news for the exceptional teams we have in both the UK and Singapore.

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