Labour has said it is prepared to back another EU referendum to prevent a “damaging Tory Brexit”.

Jeremy Corbyn has told Labour MPs the party will move to back another vote if their own proposed Brexit deal is rejected on Wednesday.

Meanwhile Prime Minister Theresa May says she remains “focused” on leaving the EU on 29 March, despite calls from her own party for a delay.

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The global economy faces escalating risks from rising levels of corporate debt, with companies around the world needing to repay or refinance as much as $4tn (£3.1tn) over the next three years, according to the OECD.