3 days ago by nytimes.com
Many companies are struggling to stay afloat as the impact of the coronavirus outbreak sweeps across supply chains, slashing production in China and dealing a blow to global trade and the movement of goods.
The outbreak has already forced U.S. studios to postpone several big films’ release in China. Now the epidemic is starting to disrupt production of the next slate of blockbusters.
Asia-focused lender Standard Chartered said the coronavirus epidemic would slow its profit growth this year, adding to the headwinds it faces from social unrest in Hong Kong and the aftermath of the trade war.
Greece's central bank is sticking to its economic growth projections as it ...
While there currently are no known cases in St. Louis of the new coronavirus identified late last year in China, St. Louis-area universities are feeling the impact as the outbreak continues to spread. First identified in December in Wuhan, China, the new COVID-19 respiratory disease has been detected in 37 locations internationally, including in the United States, according to a Tuesday update by the Centers for Disease Control, which warned...
The coronavirus outbreak has hit small businesses in Zimbabwe that import tech and clothing from China. As Privilege Musvanhiri reports from Harare, business owners say they are struggling to get supplies.
As the coronavirus spreads across the globe, investors are looking for reassurance about its escalating economic effects — they won’t get much consolation from Mars CEO Grant Reid. The company has manufacturing operations in China, he said, expressing concern first and foremost for the safety of the company’s 10,000 employees in the country. “We have a big business in China,” he says. While he acknowledged the ultimate impact of the outbreak is...
PayPal reduced its first quarter revenue guidance by a percentage point.
Germany is considering a fiscal stimulus program should the coronavirus hit the ...
The coronavirus epidemic could impact the National Hockey League's plans to...
Businesses from apparel brands to makers of toys, cars and electronics say sourcing problems in China are hampering production and could delay shipments of some goods into the second quarter of this year.
Japanese Prime Minister Shinzo Abe said on Friday the government will take polic...
Rolling coverage of the latest economic and financial news, as world markets suffer their worst week since the 2008 crisis
South Korea injected more than $13 billion in emergency funds to stoke economic activity sapped by the fast-spreading coronavirus, while a regional government in Japan declared a state of emergency in a bid to contain its own outbreak.
Wall Street's main indexes tumbled for the seventh straight day and were on track for their biggest weekly dip since the 2008 global financial crisis on worries the fast-spreading coronavirus could lead to a recession. "You're almost fishing blind here, trying to make good decisions,"
Fed Chair Jerome Powell's statement Friday signals that the central bank will cut interest rates in March, says RegentAtlantic's Andy Kapyrin.
New Jersey plans for quarantines, screenings, school closings, health care worker training and how to talk to your child about the coronavirus outbreak
Local Asian businesses feel an unfair impact due to the coronavirus epidemic
Swedish central banker flags uncertainty over coronavirus impact
Coronavirus impact weighs on South Korea Feb. trade, but worse seen to come
Markets have shuddered as the coronavirus spreads worldwide, but analysts doubt it will plunge economies into a crisis like the one that followed the 2008 Lehman Brothers investment bank failure. Where will the market slide end? Stock markets held up fairly well in the first weeks of the coronavirus outbreak in China, but fell sharply when a large number of cases were reported in Italy. In one week more than half a year of gains were wiped out...
Italy prepares deficit hike to tackle coronavirus impact
Worries have been heightened after the spread of the virus in Europe, says the head of Tourism Ireland.
Major makers of brand-name drugs say sales and supplies haven’t been affected by the novel coronavirus epidemic so far, though some companies have started issuing warnings.
All 20 Serie A clubs have been called to an emergency meeting on Wednesday to discuss how to move forwards with the season, which has recently been ravaged by fears of the coronavirus outbreak. Over the last few weeks, nine games were postponed in an attempt to try manage the spread of the coronavirus, which has killed thousands of people worldwide since being identified in China in December 2019. The updated schedule of Matchday 26. ⚽...
Last week was the worst week in the markets since the 2008 financial crisis.
Coronavirus impact: Bay Area travelers react to new US travel restrictions
European markets are set to open higher Monday as investor sentiment is boosted by promises of a global monetary policy response to mitigate the economic impact of the coronavirus.