Business & Finance News
With one of Wall Street’s wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead.
Royal Caribbean Cruises Ltd said on Saturday it has suspended the voyages of its fleet globally from midnight tonight following the coronavirus outbreak.
Chinese billionaire and Alibaba co-founder Jack Ma has pledged to donate two million protective masks for distribution across Europe, with a first consignment arriving in Belgium late on Friday.
U.S. hospitals, gearing up for a large surge in patients as the new coronavirus spreads throughout the country, are reaching out to temporary staff agencies and exploring other ways to maintain workforce levels as school closures add to pressure on doctors and nurses.
Interest rate cuts won’t cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market.
Warren Buffett’s Berkshire Hathaway Inc said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate’s board of directors, replacing Microsoft Corp co-founder Bill Gates.
The British government will ban mass gatherings from next week in an attempt to curb the coronavirus outbreak, an escalation of its crisis plan that critics had said was too relaxed.
U.S. President Donald Trump encountered a second individual last weekend who later tested positive for coronavirus, but the president did not require testing for the virus or quarantining, the White House physician said on Friday.
Apple Inc said late on Friday it will close all its retail stores, except those in Greater China, for the next two weeks to minimize the risk of coronavirus transmission.
Britain’s government will introduce emergency laws next week to ban mass gatherings in an attempt to curb the coronavirus outbreak, an escalation of its crisis plan which critics had said was too relaxed.
Apple Inc said late on Friday it will close all its retail stores outside Greater China until March 27, to minimize risk of coronavirus transmission.
New Zealand on Saturday announced the world’s tightest border controls to combat the spread of coronavirus, requiring all incoming travellers, including its own citizens, to self-isolate for two weeks starting midnight Sunday.
U.S. President Donald Trump encountered a second individual last weekend who later tested positive for coronavirus, but the president did not require testing for the virus or quarantining, the White House physician said on Friday.
South Korea reported more recoveries from the coronavirus than new infections on Saturday for the second day in a row, as a downward trend in daily cases raised hopes that Asia’s biggest epidemic outside China may be slowing.
Guatemala will from Monday widen travel restrictions to fight the spread of coronavirus, banning arrivals from the United States and Canada, President Alejandro Giammattei said on Friday.
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