Business & Finance News
Twenty-one people aboard a cruise ship that was barred from docking in San Francisco have tested positive for coronavirus, U.S. officials said on Friday, adding to the more than 100,000 cases of the fast-spreading illness across the world.
About a quarter of China’s new confirmed cases and almost all of those outside the epidemic’s epicenter in Wuhan originated outside the country on Friday, according to official data.
South Korea on Saturday reported 174 additional coronavirus cases from late Friday, taking the national tally to 6,767, the Korea Centers for Disease and Control and Prevention (KCDC) said.
Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.
Saudi Arabia limited on Saturday land crossings with the United Arab Emirates, Kuwait, and Bahrain to commercial trucks only, with arrivals from the three countries temporarily limited to three airports as a precaution taken over the spread of the coronavirus, Saudi news agency SPA reported.
Mainland China had 99 new confirmed cases of coronavirus infections on Friday, the country’s National Health Commission said on Saturday, down from 143 cases a day earlier.
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s license to do business with state-run company PDVSA, sources familiar with the matter said.
Kuwait suspended on Saturday all flights to and from Egypt, Lebanon, Syria, Bangladesh, Philippines, India, and Sri-Lanka for a week starting on Saturday, Kuwait’s civil aviation directorate said in a tweet.
Bank of America Corp is asking clients about their coronavirus exposure and preparations as part of its evaluation process of which deals to underwrite, according to sources.
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC’s proposed steep production cuts to stabilize prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production.
A U.S. House investigative report into two fatal Lion Air and Ethiopian Airlines crashes on a Boeing 737 MAX faulted the Federal Aviation Administration’s (FAA) approval of the plane and Boeing’s design failures, saying the flights were “doomed.”
Austria is introducing “spot” health checks at its border with Italy for two weeks as of next week in response to the coronavirus outbreak, in which Italy is the hardest-hit country in Europe, Chancellor Sebastian Kurz said on Friday.
A second patient in England who tested positive for coronavirus has died, England’s Chief Medical Officer Chris Whitty confirmed on Friday.
U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street’s major indexes ended well above their session lows.
The Federal Aviation Administration on Friday proposed fining Boeing Co $19.7 million for allegedly installing equipment on hundreds of 737 aircraft containing sensors in heads-up displays that regulators had not approved for use.
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