The United Auto Workers union is pressing the Detroit car companies for a two-week shutdown of U.S. factories over coronavirus concerns, a move that would deal another financial blow to Continue Reading
The spiraling coronavirus epidemic tore into the fabric of Europe on Tuesday, prompting its leaders to all but wall the continent off from the rest of the world and erect Continue Reading
Bars, restaurants, cinemas and schools were shutting down from New York and Los Angeles to Paris and Dubai in a worldwide effort to combat the coronavirus pandemic, as financial markets Continue Reading
China’s deepest economic slump in decades carries warnings and lessons for the rest of the world as nations from Germany to the U.S. face the likelihood of following it into recession. First, Continue Reading
China’s economy is set to post a 9% plunge in the first quarter from a year earlier, according to the latest forecast from Goldman Sachs Group Inc. A day after retail Continue Reading
Europe proposed shutting its external borders to foreigners for 30 days on Monday in a bid to turn the page on its scramble to contain the coronavirus, but it drew Continue Reading
Data on China’s industrial output, investment and retail sales due Monday are forecast to show an across-the-board contraction for the first time on record, evidence of the extent to which Continue Reading
China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the fallout now Continue Reading
China’s economy is expected to shrink 6% this quarter compared to a year earlier, which would be the first such contraction on record, according to Macquarie Group Ltd. Data out Monday showed Continue Reading
Business activity in China turned broadly negative for the first time on record as home sales, construction activity, retail sales and factory output plunged, pushing unemployment to a record high, Continue Reading
