South Africa slid into its second recession in two years in the final quarter of 2019, as the economy shrank 1.4% following a revised 0.8% contraction in the third quarter.
The U.S. Federal Reserve's emergency interest rate cut gives China's central bank much more leeway to lower its own rates, and boost the internationalization of the yuan, analysts said.
From postponing large-scale events to closing schools, the United Arab Emirates is taking wide-ranging measures in a bid to stop the spread of the coronavirus in the country.
There's not much monetary policy can do to save the global economy — especially when some major central banks have already cut interest rates into the negative territory, economists say.
Lego defied a shrinking toy market with a rise in sales last year, as the plastic brick maker outpaced rivals with the latest versions of its classic kits.
Growth in the euro zone is likely to almost come to a standstill in the next decade, experts have warned, and things looked bleak even before the coronavirus.
The Fed cut rates by half a percentage point two weeks ahead of its scheduled meeting, due to the "evolving risks to economic activity" posed by the coronavirus.
The energy alliance between Saudi Arabia and Russia will likely come under intense scrutiny at this week's OPEC meeting as the producers discuss how best to cushion the impact of the coronavirus outbreak.
India, the world's main supplier of generic drugs, has restricted the export of 26 pharmaceutical ingredients and the medicines made from them, including paracetamol.
Facebook CEO Mark Zuckerberg said that the social network will remove "false claims and conspiracy theories that have been flagged by leading global health organizations."