15 hours ago by hindustantimes.com
The supply-cum-demand blows explain why the world economy is sliding toward its weakest expansion since the 2009 recession, with policy makers’ inflation targets becoming all the more unreachable. read more...
The illness is on every continent except Antarctica, with more new cases now being reported outside China than within. But how threatening is the outbreak, really?
Toy companies are delaying shipments and new product launches and struggling to fill retail orders as the epidemic disrupts supply chains around the world.
International investors believe coronavirus is truly a global phenomenon, and the entire global stock market has been taken down.
The fast-spreading coronavirus will clearly have an impact on global economic gr...
'Right now the direction ahead for the economy is straight down,' said one expert
Asian stock markets continue falling, as the coronavirus spreads across the globe.
Hopes the coronavirus would be contained to China vanished on Friday as infectio...
Fear of the spreading coronavirus has led to a global run on sales of face masks despite medical experts' advice that most people who aren't sick don't need to wear them. Many businesses are sold out, while others are limiting how many a customer can buy. Amazon is policing its site, trying to make sure sellers don't gouge panicked buyers. In South Korea, hundreds lined up to buy masks from a discount store. Rumors that toilet paper and napkins could be used as masks have emptied store shelves in Asia of paper goods over the past few weeks. Ordinary people trying to protect themselves from the outbreak are not the only ones encountering shortages. Some health care professionals are seeing them as well. Some industry officials are attributing the shortages not just to high demand but to disruptions in supply: An outsize share of the world's surgical masks are made in China - 50%, by its own estimate - and some of the factories are in or near the hard-hit city of Wuhan and have been shut down for weeks because of the crisis, they said. In the U.S., Walgreens, Home Depot, Lowe's and True Value Hardware are reporting a sharp uptick in sales of masks over the past several weeks and say they are scrambling to get more from suppliers to keep up with demand. Home Depot, the nation's largest home improvement chain, has limited sales of N95 respirators to 10 per person. They have a close facial fit and more filtration material than general surgical masks, enabling them to keep out at least 95% of particles. Marc Jaconksi, owner of Stanley's True Value Hardware and Rental store in Philadelphia, said he saw a surge in demand for masks, particularly the N95, two weeks ago. But since Tuesday, when the U.S. Centers for Disease Control and Prevention warned that the...
The propaganda push suggests the Chinese government might be worried about the lasting damage of the outbreak.
Stock futures signal another steep drop for Wall Street after the World Health Organization says the coronavirus outbreak has 'pandemic potential'; the Dow's drop Thursday of 1,190.95 points was its largest one-day point drop in history; the S&P 500 has fallen 12% from its all-time high set a week ago.
Boris Johnson to chair emergency Cobra meeting after first patient reported in Wales
The rapid spread of coronavirus raised fears of a pandemic on Friday, with count...
The risk of spread and impact of the coronavirus is now very high at a "global level", World Health Organization chief Tedros Adhanom Ghebreyesus told reporters in Geneva on Friday.
Stocks around the world have been hit hard amid mounting concerns about the impact of the COVID-19 virus on business. The virus has continued to spread, with 27 new cases in Germany. DW has the latest here.
The World Health Organization said there is still a chance to contain the virus, which causes the disease COVID-19.
WHO officials said they are increasing the risk assessment of the coronavirus to "very high" across the world.
The coronavirus has sent markets tumbling, as its ramifications to a swath of businesses and industries becomes more apparent. Here’s a roundup of how the virus is affecting key industries.
With the rapid global spread of the new coronavirus and the U.S. stock market su...
Fed Chair Jerome Powell said the U.S. economic fundamentals remain strong amid fears coronavirus will impact corporate profits.
San Francisco's Game Developers Conference postponed amid global coronavirus outbreak
The US, Mexico and South Korea reported more cases of COVID-19 and the ASEAN summit has been canceled as Wall Street wrapped up its worst week since the financial crisis. Follow the latest from DW here.
The threat of the coronavirus went global this week, prompting Japan to shut schools, Germany and other countries to impose quarantines and sowing chaos in markets. Democratic presidential candidates face-off in South Carolina for the last primary before Super Tuesday on March 3. Former Vice President Joe Biden, no longer the front-runner, is facing an uphill climb after falling behind in the early contests and will need a blowout to keep his...
Global health officials say no country can hope to be spared, and all must be ready to combat outbreaks.
Market panic over the fast-spreading new coronavirus is uncalled for, the World Health Organization's director-general said Sunday as governments around the world rush to contain its spread. "Global markets … should calm down and try to see the reality," Tedros Adhanom Ghebreyesus told CNBC's Hadley Gamble during a panel discussion in Riyadh. "We need to continue to be rational. Irrationality doesn't help. We need to deal with the facts." The...
A senior Pentagon official told Newsweek the DoD is concerned that service members returning home could "inadvertently" spread the virus to the U.S.
Famed economist Nouriel Roubini believes the potential for a global recession stemming from spillover effects from the coronavirus (COVID-19) outbreak "doesn't look totally farfetched." There are many global tails risks out there, and the coronavirus has emerged as the most immediate. Known as “Dr. Doom” for his doomsayer economic predictions, Roubini told Yahoo Finance that in 2003 amid the severe acute respiratory syndrome (SARS) outbreak,...
The global death toll of coronavirus has reached nearly 3,000 people as countries around the world continue to report their findings to the World Health Organization.