The Latest on the Coronavirus “We do have an evolution happening in the spread of this virus,” said Brad Hazzard, the health minister for New South Wales state, which includes Continue Reading
As new coronavirus cases track downward in China, it is looking to burnish its credentials as a responsible power by sharing expertise and equipment with countries seeing a surge in Continue Reading
Traders at the world’s biggest banks are swapping their plush city center offices to work from suburban outposts in New York and London, facing lengthy commutes as their employers attempt Continue Reading
Shipping volumes out of China plummeted in February as factory shutdowns in the wake of the epidemic crimped industrial production. Containership operators have canceled nearly 60 trans-Pacific sailings to the Continue Reading
The Latest on the Coronavirus “We do have an evolution happening in the spread of this virus,” said Brad Hazzard, the health minister for New South Wales state, which includes Continue Reading
Only 6.2 million light-duty vehicles were sold worldwide in January—the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a data and analytics company. Continue Reading
The Middle East oil exporters are grappling with depressed demand in their key market, China, due to the coronavirus outbreak. The economies of the Arab Gulf countries are feeling the Continue Reading
Mainland China reported a rise in new confirmed cases of coronavirus on Thursday, reversing three straight days of declines, because of a spike in new infections in Wuhan, the city Continue Reading
United Airlines Holdings Inc. plans to trim flights, freeze hiring and halt merit pay raises as it grapples with a swift drop in travel demand because of the coronavirus outbreak. Continue Reading
The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to impact tourism and disrupt manufacturing chains in parts of the United States. Continue Reading
Federal health officials announced on Wednesday that anyone who wants a coronavirus test may get one if a doctor agrees. But the nation’s testing capacity is still so limited that experts Continue Reading
I am not an expert on infectious disease. If you haven’t done so already, please read an article or listen to a podcast by someone who is—I’d suggest Laurie Garrett, Continue Reading
The global death rate of the new coronavirus is 3.4 percent, the W.H.O. says. The head of the World Health Organization said on Tuesday that the global mortality rate for Continue Reading
Group of Seven finance chiefs said they’re ready to act to shelter their economies from the spreading coronavirus, though they stopped short of spelling out what specific measures they would Continue Reading
There are fears the slowdown from the outbreak could tip countries into recession The World Bank has committed $12bn (£9.4bn) in aid for developing countries grappling with the spread of Continue Reading
Bank of Japan Governor Haruhiko Kuroda on Wednesday said the coronavirus outbreak could inflict big damage on the economy, stressing the central bank’s readiness to take “appropriate action” to underpin Continue Reading
The Trump administration sent mixed signals on Tuesday about how quickly testing for the coronavirus would ramp up, stressing that close to a million coronavirus tests should be available this Continue Reading
Airbus is reviewing its 2020 delivery targets, issued barely three weeks ago, as the global spread of coronavirus in recent days through Europe and into the US pushes the aviation Continue Reading
The new coronavirus appears to now be spreading much more rapidly outside China than within, and airports in hard-hit countries were ramping up screening of travelers. World Health Organization (WHO) Continue Reading
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development warned on Monday, urging governments and Continue Reading
The British government unveiled its “battle plan” to tackle the spread of coronavirus on Tuesday, with possible measures including school closures, home working and canceling large-scale gatherings to delay the Continue Reading
Central banks have met their match. They cannot counter the economic havoc caused to global supply chains from the coronavirus. Nor can tax cuts or a blast of government spending Continue Reading
Global exploration and production (E&P) investments may take a substantial hit this year because of the coronavirus, as staffing and supply shortages at key construction yards in Asia and beyond Continue Reading
Flights canceled in Europe, schools closed in Japan, towns quarantined in Italy and panic in California. The coronavirus crisis has gone global, and with it, its impact on energy demand. For Continue Reading
More countries reported their first coronavirus fatalities and the toll grew in places such as China, as the number of deaths from the epidemic globally nears 3,000. Hours after the Continue Reading
Disruptions caused by the coronavirus outbreak that originated in China and is now spreading through the rest of the world are driving the global economy closer to a recession, triggering Continue Reading
It looks more and more likely that the novel form of coronavirus will do meaningful economic damage to the United States. Stock and bond prices already suggest that the outbreak Continue Reading
Iran reported a 50% increase in coronavirus infections, while New York City, Brussels and Berlin all reported their first cases. The OECD warned that global economic growth will sink to levels Continue Reading
The global death toll from the novel coronavirus surpassed 3,000 Monday, as new cases jumped in Italy and South Korea and three more nations reported their first confirmed patients. The Continue Reading
The global economy will slow sharply this year as governments attempt to contain the coronavirus epidemic, although the scale of the setback is highly uncertain, the Organization for Economic Cooperation Continue Reading
The novel coronavirus continued its march around the globe Monday, despite travel restrictions aimed at curtailing its spread, but hopes of a coordinated monetary response by central banks lifted world Continue Reading
In a global society optimized for finance, it is easy to believe that finance holds the answer to all problems. In 2008 as shipping slowed to a crawl in the Continue Reading
Economic data shows the virus is hitting Chinese factories harder than the 2008 financial crisis Factory activity in China fell at a record rate in February, as manufacturers closed their Continue Reading
China’s factory activity suffered the sharpest contraction on record in February, the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) showed, underlining the crippling effects of tough travel curbs and public health Continue Reading
Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the Continue Reading
As China encourages people to return to work despite the coronavirus outbreak, it has begun a bold mass experiment in using data to regulate citizens’ lives — by requiring them Continue Reading
The United States reports first two deaths and 88 cases. The United States recorded its first two deaths attributed to the coronavirus over the weekend, as states from coast to Continue Reading
Supermarkets and drugstores in Japan have experienced shortages of toilet paper on jitters the product will follow face masks in selling out amid the spread of coronavirus in the country. Continue Reading
As the number of confirmed novel coronavirus cases in the U.S. continued to rise, with two new cases in Washington and the first likely positive test in Rhode Island, Trump Continue Reading
After weeks of stalled testing for the coronavirus, the United States now has enough diagnostic kits to test 75,000 people, with more on the way, Alex M. Azar II, the Continue Reading
The U.S. Department of Health and Human Services confirmed on Sunday that it is investigating a manufacturing defect in some initial coronavirus test kits that prompted some states to seek Continue Reading
The first wave wasn’t that bad. In the spring of 1918, a new strain of influenza hit military camps in Europe on both sides of World War I. Soldiers were Continue Reading
The coronavirus outbreak is starting to feed through to British factory supply chains, casting doubt on whether an upswing in activity after Boris Johnson’s election will continue. IHS Markit said Monday Continue Reading
Crude oil futures settled at fresh 14-month lows Friday as the continued global spread of coronavirus fed fears of flattening demand and raised the specter of economic downturn. ICE April Continue Reading
The coronavirus spread further on Friday, with cases reported for the first time in at least six countries across four continents, battering markets and leading the World Health Organization (WHO) Continue Reading
The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and Continue Reading
As the World Health Organization on Friday upgraded its global risk assessment for the coronavirus to “very high”, anxious oil markets are wondering when might be a good time to Continue Reading
A man disinfects the shrine of Fatima Masumeh, in Qom, Iran, against coronavirus. Iran’s deputy health minister, Iraj Harirchi, was pale and drenched in sweat during a press conference on Continue Reading
South Korea reported more than 800 new coronavirus cases on Saturday, the most of any country caught up in the epidemic, as China said it crossed a key threshold in Continue Reading
The outbreak has demonstrated the “huge potential” of remote work, said Kuan Chen, founder and chief executive of Beijing-based medical AI company Infervision. Infervision’s AI is being used in imaging Continue Reading
