A piece of research that helped convince the British government to impose more stringent measures to contain COVID-19 painted a worst case picture of hundreds of thousands of deaths and a health service overwhelmed with severely sick patients.
International travel is expected to fall at least 10.5% this year, the biggest year-on-year drop as the rapid spread of coronavirus sows chaos across the tourism and leisure sector, according to industry consultancy Tourism Economics.
EssilorLuxottica, the maker of Ray Ban sunglasses, on Tuesday announced a plan to buy back up to 3 million shares, adding it was confident in its long-term outlook.
China's foreign ministry on Tuesday advised Chinese citizens to avoid travel to countries posing a high risk in the global coronavirus pandemic, as the country tightens checks on arrivals to guard against imported cases of the disease.
Nordstrom Inc said on Monday it would temporarily shut its stores in the United States and Canada and pull its fiscal 2020 forecast, as the upscale retailer joins its peers in an effort to limit the spread of the coronavirus.
Australia's central bank reiterated it stood ready to ease policy further in the face of the 'unprecedented' spread of the coronavirus, adding to speculation of aggressive stimulus this week to counter the widening economic fallout of the pandemic.
Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as they grapple with a cash crunch and plunging demand caused by the coronavirus outbreak.
The United States has only one cargo of soybeans left to ship to China for the current exporting season, practically unheard of for this time of year. It is even more shocking considering that China is allegedly still on the hook for massive U.S. farm purchases this year under the recent Phase 1 deal, and that soybean stocks in the country have plunged to lows not seen in at least a decade.
Mexico rejected an accusation by Salvadoran President Nayib Bukele on Monday that it had allowed a dozen people with coronavirus to board a flight to San Salvador, saying medical staff had found no evidence of the virus on the travelers.
Qantas Airways Ltd said on Tuesday it would cut its international capacity by around 90% until at least the end of May as travel demand to Australia plunges because of new restrictions on arrivals related to the coronavirus.
The U.S. travel sector doubled down on online ads in the last month, joining healthcare and food delivery providers in pushing deals even as the coronavirus pandemic caused mass cancellations and deterred many travelers.
In trading on Monday, shares of POSCO (Symbol: PKX) entered into oversold territory, changing hands as low as $30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of
In trading on Monday, shares of Aluminum Corp of China Ltd. (Symbol: ACH) entered into oversold territory, changing hands as low as $5.2836 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measu
Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday.
President Donald Trump urged Americans on Monday to halt most social activities for 15 days and not congregate in groups larger than 10 people in a newly aggressive effort to reduce the spread of the coronavirus in the United States.
Boeing Co's shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg's tenure, as the mounting economic fallout of the coronavirus pandemic added to uncertainty around the 737 MAX's return to service.
U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.
Canada closed its borders to all foreign nationals, except U.S. citizens, on Monday, and Prime Minister Justin Trudeau urged people to stay at home to help stem the spread of the new coronavirus.
A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak.
British people need to stop non-essential contact and avoid clubs, pubs, theatres and all unnecessary travel as the coronavirus outbreak accelerates towards the fast growth phase, Prime Minister Boris Johnson said on Monday.