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Bulgaria declares state of emergency over coronavirus

Reuters Business News - Fri, 03/13/2020 - 08:30
Bulgaria declared a state of emergency on Friday through till April 13 to contain the spread of coronavirus after the number of confirmed cases in the Balkan country more than tripled to 23 over one day.
Categories: Reuters

World travel may shrink 25% on coronavirus in 2020, shed 50 million jobs - WTTC

Reuters Business News - Fri, 03/13/2020 - 08:27
The coronavirus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year, Asia being the most affected continent, the World Travel and Tourism Council said on Friday.
Categories: Reuters

Spain's coronavirus tally jumps to 4,209 cases, 120 dead

Reuters Business News - Fri, 03/13/2020 - 08:24
The Spanish health ministry said the number of coronavirus cases in the country jumped to 4,209 on Friday from Thursday's 3,004 e as the disease spread mostly in Madrid, the Basque Country and La Rioja regions.
Categories: Reuters

Sudan reports first coronavirus case

Reuters Business News - Fri, 03/13/2020 - 08:23
Sudan on Friday reported its first confirmed coronavirus case, a man who died on Thursday and had visited the United Arab Emirates in the first week of March.
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Dutch coronavirus infections rise by 188 to 804, deaths double to 10

Reuters Business News - Fri, 03/13/2020 - 08:19
The number of deaths in people with the coronavirus in the Netherlands has doubled to 10, Dutch health authorities said on Friday.
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Iranian security forces to empty city streets to fight coronavirus: IRNA

Reuters Business News - Fri, 03/13/2020 - 08:19
Iran's security forces will empty the streets of its cities in the next 24 hours in a drive to fight the spread of the new coronavirus, state television reported on Friday.
Categories: Reuters

Exclusive: France to allow some Huawei gear in its 5G network - sources

Reuters Business News - Fri, 03/13/2020 - 08:11
France will authorize the use of some of Huawei's equipment in the rollout of its 5G network, two sources close to the matter told Reuters, despite U.S. calls to exclude the Chinese telecoms giant from the West's next-generation communications.
Categories: Reuters

U.S. import prices post biggest drop in six months

Reuters Business News - Fri, 03/13/2020 - 08:10
U.S. import prices fell by the most in six months in February as the cost of petroleum products dropped, and economists said they could decline further because of the coronavirus pandemic and an oil price war between Saudi Arabia and Russia.
Categories: Reuters

Nepal closes Mount Everest for climbers because of coronavirus fears

Reuters Business News - Fri, 03/13/2020 - 07:59
Nepal has closed all of its Himalayan peaks including Mount Everest this climbing season because of fears of the coronavirus outbreak, a government minister said on Friday.
Categories: Reuters

Xerox to postpone meeting with HP shareholders

Reuters Business News - Fri, 03/13/2020 - 07:47
Xerox Holdings Corp said on Friday it would postpone a meeting with HP Inc shareholders amid the coronavirus outbreak.
Categories: Reuters

Factbox: Latest on the spread of coronavirus around the world

Reuters Business News - Fri, 03/13/2020 - 07:45
Global markets suffered record falls on Thursday as alarm over the coronavirus intensified and governments from Ireland to Italy unveiled measures to try to slow the spread of a disease that has infected more than 127,000 people worldwide.
Categories: Reuters

Berkshire Hathaway makes annual meeting purely virtual

Reuters Business News - Fri, 03/13/2020 - 07:39
Warren Buffett's Berkshire Hathaway Inc said on Friday it will hold its annual meeting as scheduled on May 2, but without shareholders in physical attendance due to the coronavirus outbreak.
Categories: Reuters

North Korea had military forces on lockdown for 30 days over coronavirus - U.S. general

Reuters Business News - Fri, 03/13/2020 - 07:37
North Korea had its military forces on lockdown for about 30 days and in one instance did not fly a plane for 24 days, even though it has not confirmed any cases of coronavirus, the head of U.S. forces in South Korea said on Friday.
Categories: Reuters

Bulgaria bans travel to Iran, raises risk on travels to 11 countries

Reuters Business News - Fri, 03/13/2020 - 07:36
Bulgaria's foreign ministry on Friday banned all travel to Iran and advised Bulgarians to cancel all non-urgent travel to Spain and South Korea in a bid to curb the spread of coronavirus.
Categories: Reuters

More airlines could collapse if coronavirus crisis lasts 2-3 months - IATA chief

Reuters Business News - Fri, 03/13/2020 - 07:28
If the coronavirus crisis lasts another two or three months, it could force carriers to collapse and spark more consolidation in the beleaguered airline industry, the International Air Transport Association (IATA) chief told Reuters on Friday.
Categories: Reuters

In China's coronavirus epicenter, just five new cases

Reuters Business News - Fri, 03/13/2020 - 07:25
China's Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Categories: Reuters

Outspoken Tesla chief Elon Musk faces $1 billion trial, test of temperament

Reuters Business News - Fri, 03/13/2020 - 07:16
Elon Musk is expected to defend a $2.2 billion deal in court next week criticized by shareholders as benefiting Musk at the expense of Tesla Inc, and the outcome may depend as much on the chief executive's temperament as on the facts of the case.
Categories: Reuters

Fed's economic forecasts to give window into extent of coronavirus fears

Reuters Business News - Fri, 03/13/2020 - 07:16
U.S. Federal Reserve policymakers have already begun responding to the coronavirus with an emergency interest rate cut and a reopening of their crisis tool kit, all without a clear idea of what damage is being done outside of plummeting financial markets.
Categories: Reuters

World stocks rise on spending hopes, still set for worst week since 2008

Reuters Business News - Fri, 03/13/2020 - 07:10
World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class.
Categories: Reuters

Why Brazilian airline shares are hardest hit by the coronavirus panic

Reuters Business News - Fri, 03/13/2020 - 07:02
The airline stocks that suffered the most after U.S. President Donald Trump barred continental Europeans from traveling to the United States do not even operate flights between those two regions.
Categories: Reuters
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