Trump escalates trade war with China

In the US, the Nasdaq and the S&P both closed down 0.5% after having tumbled earlier. The Dow Jones finished down 0.3%, having lost almost 1.8% earlier in the day.

OECD: Automation could cause mass disruption to workforce

The OECD Economic Outlook, a twice-yearly forecast of megatrends by The Organisation for Economic Co-operation and Development (OECD), has signalled major disruptions to the job market in the immediate future thanks to automation.