Business & Finance News
The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago.
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease.
Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to sources.
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday.
As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can’t go to work, are told to stay home, or stop going out in public entirely.
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.
U.S. stock indexes tumbled on Friday as fears of economic damage intensified with the global tally of coronavirus cases crossing 100,000, sending investors scurrying to the safety of bonds.
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries which have reported cases of the fast-spreading disease.
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.”
U.S. stock indexes tumbled on Friday as fears of economic damage intensified with the global tally of coronavirus cases crossing 100,000, sending investors scurrying to the safety of bonds.
France will close nurseries and schools for 15 days from Monday in the two areas most hit by coronavirus infections, one north of Paris and the other in the northeastern part of the country, its prime minister said on Friday.
The United Nations has canceled some meetings in Bonn, Germany, and elsewhere planned in the run-up to a crucial U.N. climate summit to be held in Glasgow, Scotland, in November due to the coronavirus outbreak, an official said on Friday.
The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with business districts beginning to empty and stock markets tumbling.
The United Nations has canceled meetings in Bonn, Germany, and elsewhere planned in the run-up to a crucial U.N. climate summit to be held in Glasgow, Scotland, in November due to the coronavirus outbreak, an official said on Friday.
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