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Global equities edge higher on oil rebound, stimulus hopes

Global equity benchmarks edged higher Thursday as investors weighed an ongoing rebound in oil prices against stark economic data from Europe and the United States that further illustrated the worldwide toll from the coronavirus pandemic. IHS Markit's Flash Composite Purchasing Managers'...

Ferrari performs quick u-turn over F1 budget cap

Ferrari back-tracked on Thursday after team principal Mattia Binotto seemed to warn the team might quit Formula One if a planned spending cap was lowered further because of the coronavirus crisis. Binotto told a British newspaper that if next year's cap was lowered the team would "look at...