Warren presses big banks on preparation for coronavirus fallout

Sen. Elizabeth Warren (D-Mass.), a Democratic presidential candidate, pressed the chief executives of five major U.S. banks on how they are preparing for the potential financial damage of the coronavirus outbreak.In a series of Friday letters, Warren asked the chiefs of JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley to explain how they will "evaluate the risks to your institution and its customers associated with...

Trump officials discuss tax cuts other emergency measures in hopes of tackling coronavirus fallout

Options being discussed internally include a payroll tax cut and calling on the Federal Reserve to cut interest rates.

Schools plan for possible fallout from coronavirus outbreak

Schools across the United States are canceling trips abroad, preparing online lessons and even rethinking "perfect attendance" awards as they brace for the possibility that the new coronavirus could begin spreading in their communities. Districts have been rushing to update emergency plans since federal officials warned that the virus, which started in China, is almost certain to begin spreading in the U.S. Many are preparing for possible school closures that could stretch weeks or longer, even as they work to tamp down panic among students, parents and teachers. President Trump has worked to minimize fears about the virus, but on Wednesday he and federal health officials recommended that schools start planning for arrival of the COVID-19 virus "just in case." "It's the perfect time for businesses, health care systems, universities and schools to look at their pandemic preparedness plans, dust them off, and make sure that they're ready," said Dr. Anne Schuchat, principal deputy director of the Centers for Disease Control and Prevention. At schools, cleaning crews have been told to pay extra attention to doorknobs, keyboards and other surfaces that students touch through the day. Some districts have invested in handheld disinfectant sprayers that are used in hospitals. Others are adding traditional hand sanitizers in schools and buses. But even as they work on prevention, schools are also starting to prepare for the worst. Many are making plans to teach students online in case the virus spreads so widely that schools are forced to close. Officials are considering how they would handle large numbers of absences among students or teachers, and how to make up days that could be missed because of the virus. At least one school temporarily closed Thursday over fears tied to the virus. Bothell High School,...

Trump calls for lower rates amid coronavirus fallout: 'We ...

Japan's PM vows subsidies amid fallout from coronavirus

Japanese Prime Minister Shinzo Abe said Saturday his government will provide subsidies to cope with fallout from rising number of coronavirus cases.

Italy unveils 3.6 billion euro stimulus to mitigate coronavirus fallout

CNBC's Claudia Pensotti reports from Milan as the coronavirus continues to spread in Italy.

South Africa's lobster catchers suffer in coronavirus fallout

Flurry of Chinese diplomatic activity to stop coronavirus fallout on Beijing’s agenda

Virus fallout: World Bank 'pandemic bonds' plummet in value

TSX opens lower on coronavirus fallout fears

Malaysia Rate Cut Bets Climb Amid Virus Fallout: Decision Guide

Euro zone bond yields up as ECB says ready to act against coronavirus fallout

U.S. global markets rise on hopes that stimulus will lessen economic fallout from coronavirus

Coronavirus fallout: Big banks want regulatory relief Apple and Ford restrict travel Google cancels conference

The country’s biggest banks are asking federal officials for long-sought regulatory relief as part of the government’s efforts to contain the economic...

The fallout of coronavirus on global aviation

Plane Talk: The horse Global Thrill (8-1 at Catterick) looks a better bet than airline stocks right now

Coronavirus fallout: Sport fashion and tech events scrapped: Check out the list

Many major events from the field of technology, fashion, sports and some cultural events will not see the light of day due the outbreak which has claimed 3,203 lives, according to latest updates.

Coronavirus fallout set to take heavy toll on global trade

Fears of the spread of the coronavirus are expected to slow global trade with China, with Egypt being no exception

Morning mail: Bloomberg quits second Australian coronavirus death AAP fallout

Thursday: Billionaire withdraws from Democratic race as Joe Biden surges. Plus, critics say wire agency closure restricts media competition

OPEC divided on how to combat coronavirus fallout

OPEC divided on how to combat coronavirus fallout

IMF ready to help Jamaica other countries deal with coronavirus fallout

THE International Monetary Fund (IMF) says it is ready and willing to help member countri...

Coronavirus | OPEC divided on how to combat COVID-19 fallout

The effects of the virus on global demand, particularly in worst-hit China, has blown a hole through the group's attempt to support prices at its last meeting in December by agreeing on production cuts.

Saudi risks fallout with coronavirus curbs on holy sites

Saudi Arabia is treading a tightrope as it bars Muslim pilgrims from Islam's holiest sites to contain the coronavirus, rolling out restrictions that while essential could prove both expensive and politically perilous. The kingdom has suspended the "umrah" year-round pilgrimage over fears of the disease spreading to Mecca and Medina, raising uncertainty over the upcoming hajj -- a key pillar of Islam. The pilgrimages, which pack millions of...

Coronavirus Fallout Poses Challenges for Most Vulnerable U.S. Retailers

The weakest U.S. retailers face the biggest risks from the coronavirus epidemic if Chinese factories overseas remain understaffed and customers at home stay away from bricks-and-mortar stores, according to lenders and analysts.

Apple supplier Foxconn's revenue hammered by coronavirus fallout

Apple's manufacturing partner Foxconn reported its biggest monthly drop in revenue in about seven years on Thursday as the coronavirus outbreak continued to play havoc with its business. The Taiwanese company, which assembles Apple's iPhones, saw revenue sink 18.1% in February compared with

Saudi Arabia risks fallout with coronavirus curbs on holy sites

Coronavirus Fallout Puts Italy at Risk of Recession

A sharp drop-off in foreign tourists and a cutback in spending by Italian households are raising concerns that a sustained fall in consumer spending would derail the EU’s third-biggest economy.