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Updated: 4 years 27 weeks ago
White House considers tax relief for airlines, travel firms amid coronavirus
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday.
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Oil takes biggest daily dive in over a decade as Russia, OPEC split
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production.
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U.N. cancels some meetings ahead of climate summit due to coronavirus
The United Nations has canceled some meetings in Bonn, Germany, and elsewhere planned in the run-up to a crucial U.N. climate summit to be held in Glasgow, Scotland, in November due to the coronavirus outbreak, an official said on Friday.
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Second coronavirus death confirmed in England
A second patient in England who tested positive for coronavirus has died, England's Chief Medical Officer Chris Whitty confirmed on Friday.
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U.S. House panel faults FAA review of Boeing 737 MAX, plane design failures
A U.S. House investigative report into two fatal Lion Air and Ethiopian Airlines crashes on a Boeing 737 MAX faulted the Federal Aviation Administration's (FAA) approval of the plane and Boeing's "design failures."
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Bond yields slide to record lows, stocks succumb to virus fears
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
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Colombia confirms its first case of coronavirus
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease.
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Tesla CEO Elon Musk tweets that 'coronavirus panic is dumb'
Tesla Inc's Chief Executive Officer Elon Musk tweeted on Friday that the coronavirus "panic" was "dumb".
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JPMorgan CEO Dimon 'feels really good' after emergency surgery: sources
JPMorgan Chase & Co Chief Executive and Chairman Jamie Dimon told senior colleagues he "feels really good" after undergoing emergency heart surgery, and his doctors are "happy" with his recovery so far, sources familiar with the matter told Reuters on Friday.
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JPMorgan CEO Jamie Dimon recovering after emergency heart surgery
JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said.
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Standard U.S. economic weapons may be inadequate for coronavirus crisis
As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can't go to work, are told to stay home, or stop going out in public entirely.
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UAE discovers 15 new coronavirus cases: ministry of health
United Arab Emirates discovered late on Friday 15 new coronavirus cases, the health ministry announced in a statement.
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Costa Rica confirms first coronavirus case in Central America
Costa Rica's government on Friday said it confirmed its first case of coronavirus, in a 49-year-old woman from the United States who is in the Central American nation with her husband.
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Wall Street ends lower as coronavirus fears grow
U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street's major indexes ended well above their session lows
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BofA starts asking clients for contingency plans during underwriting assessment process
Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to sources.
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Mastercard shuts Sao Paulo office, NY site after employee diagnosed with coronavirus
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.
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Saudi Arabia suspends public attendance at sports events until further notice
The Saudi ministry of sports announced on Friday it will suspend public attendance at all sports events starting Saturday, a statement from the ministry reported.
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Colombia has confirmed first case of coronavirus: health ministry
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries already reporting cases of the fast-spreading disease.
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Canada's tourism industry 'deeply affected' by virus outbreak: minister
The outbreak of the new coronavirus is hammering Canada's tourism industry, a senior government official said on Friday, as the number of visitors from China plummeted and after the cancellation of a major technology convention.
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Oil slammed as investors flee after Russia rejects steep OPEC cut
Brent suffered its biggest one-day loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand.
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