US president Donald Trump said he was ready to provide support for US farmers in 2020 should they face pressure from China.

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Rolls Royce chief executive Warren East said the engineeering group has spent almost £100m preparing for a no-deal Brexit, as he warned a large number of jobs could be lost in the UK if Britain crashed out of the EU.

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More than 200 UK outlets of Karen Millen and Coast are to close, putting up to 1,100 jobs at risk, after the fashion brands’ online business was bought out of administration by internet retailer Boohoo.com.