The word “D” comes upside down as the markets affected by coronaviruses prepare for a recession

NEW YORK (Reuters) – Coronavirus shock waves in US stocks are forcing investors to think about worse results than a recession, including several quarters of economic downturn, a credit crisis, or even depression. FILE PHOTO: A trader works on the floor of the New York Stock Exchange on March 16, 2020, shortly before the onset … Read more The word “D” comes upside down as the markets affected by coronaviruses prepare for a recession

More and more U.S. retailers are closing stores to limit the spread of corona viruses

(Reuters) – Other major retailers said on Sunday they would close stores in the U.S. to limit the spread of the coronavirus, including Nike (NKE.N), Under Armor (UAA.N) and Lululemon Athletica (LULU.O), a day after similar steps by several other US retailers. FILE PHOTO: The Nike Swoosh logo is pictured in a store in New … Read more More and more U.S. retailers are closing stores to limit the spread of corona viruses

China’s economy has been hit hard as the epidemic paralyzes activity

BEIJING (Reuters) – China’s industrial output contracted at the fastest pace in 30 years in the first two months of the year as the rapidly expanding corona virus and stringent containment measures severely disrupted the world’s second largest economy, data showed on Monday. Urban investment and retail sales also declined strongly and for the first … Read more China’s economy has been hit hard as the epidemic paralyzes activity

US coronavirus vaccine clinical trial begins Monday: AP

(Reuters) – A clinical trial to evaluate a vaccine to protect against the new coronavirus will begin on Monday, the Associated Press said, citing an unnamed US government official. The AP said the first participant in the study, funded by the National Institutes of Health and at the Kaiser Permanente Washington Health Research Institute in … Read more US coronavirus vaccine clinical trial begins Monday: AP

Bans and entry bans have been imposed worldwide to combat the corona virus

(Reuters) – France and Spain, along with Italy, have blocked tens of millions of people, Australia has ordered incoming foreigners to self-isolate, and other countries have extended entry bans when the world tried to curb the spreading corona virus. In panic purchases in Australia, the United States and the United Kingdom, heads of state and … Read more Bans and entry bans have been imposed worldwide to combat the corona virus

Blocking, self-isolation and entry bans to combat the global spread of corona viruses

(Reuters) – France and Spain along with Italy have blocked tens of millions of people, Australia has ordered incoming foreigners to self-isolate, and Argentina and El Salvador have extended entry bans as the world tried to curb the spreading corona virus. In panic purchases in Australia, the United States and the United Kingdom, heads of … Read more Blocking, self-isolation and entry bans to combat the global spread of corona viruses

The United States is calling on Chinese envoys for Beijing’s coronavirus comments

WASHINGTON (Reuters) – The U.S. State Department called the Chinese ambassador to the United States on Friday to protest Beijing’s comments that the U.S. military may have brought the corona virus to Wuhan as tensions between the two world powers spread over the Exacerbated outbreak. David Stillwell, the leading US diplomat for East Asia, gave … Read more The United States is calling on Chinese envoys for Beijing’s coronavirus comments

The world is closing the borders and restricting travel to curb the spread of corona viruses

(Reuters) – Countries around the world continued to close borders on Saturday, impose strict entry and quarantine requirements, and restricted large gatherings to curb the spread of the new corona virus. Apple Inc (AAPL.O) announced that all retail stores worldwide outside of Greater China will be closed by March 27. Apple reopened all 42 brand … Read more The world is closing the borders and restricting travel to curb the spread of corona viruses

Trump explains the emergency as the chaos in the corona virus spreads

SINGAPORE / WASHINGTON (Reuters) – US President Donald Trump will declare a national emergency on Friday due to the rapidly spreading corona virus, opening the door to more government assistance to fight a disease that infects 138,000 people worldwide and kills more than 5,000 left behind. Trump, whom some experts criticized for being slow to … Read more Trump explains the emergency as the chaos in the corona virus spreads

Only five new cases in the Chinese coronavirus epicenter

BEIJING (Reuters) – China’s city of Wuhan, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row, while no locally transmitted infections were reported in the rest of the country. A man with a protective face mask is seen after a coronavirus (COVID-19) outbreak in the … Read more Only five new cases in the Chinese coronavirus epicenter