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U.S. to ban Europeans from entering for 30 days due to coronavirus
Travel suspension begins midnight Friday, excludes the U.K
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_1798798.jpeg "Dow Plummets Nearly 3,000 Points As Virus Fears Spread")
Dow Plummets Nearly 3,000 Points As Virus Fears Spread
The Dow Jones dropped nearly 3,000 points Monday, its steepest decline of the monthlong selloff.
Amazon to hire 100,000 workers as online orders surge on coronavirus worries
Amazon plans to hire 100,000 workers in the US market to deal with a surge in online orders, as many consumers have turned to internet for their demands during the coronavirus outbreak.
Philippines Becomes First Country to Shut Financial Markets Thanks to Virus: Bloomberg
The Philippines halted stock, bond and currency trading until further notice, becoming the first country to shut financial markets in response to the widening coronavirus pandemic.
- U.S. forced labor laws strain China-dependent garment supply chains 1
- Southeast Asia's internet economy growth to slow in 2023 2
- Southeast Asia's fintechs fill lending gap with data 3
- Thai, Singapore tech firms surge in market value 4
- Global rice supplies tighten after India's July export ban 5
- Domino effect: India rice export ban puts market on edge for copycat curbs 6
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Coronavirus pandemic could bankrupt most airlines worldwide by end of May
The coronavirus pandemic could bankrupt most airlines worldwide by the end of May unless governments and the industry take coordinated steps to avoid such a situation, an aviation consultant warned.
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.
WHO declares coronavirus pandemic as cases soar worldwide
The World Health Organisation declared the coronavirus outbreak a pandemic on Wednesday, with 114 countries reporting combined cases that added up to nearly 120,000.
Stock market mayhem sees Jack Ma crowned Asia’s new richest man
The wealth destruction caused by Monday’s market collapse is reshaping the ranks of the world’s richest people.
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HSBC confirms an employee in China infected with coronavirus
An employee at HSBC Holdings Plc in China has been infected by the coronavirus, adding to the bank’s troubles after it partially evacuated its London office as another employee there tested positive.
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Fed cuts rates by half a percentage point to combat coronavirus ...
The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus.
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Apple will pay up to $500 million to settle lawsuit over slowing down older ...
Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down older iPhone models to compel users to buy new ones.
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Thai billionaire secures $10 billion in financing to buy Tesco’s Asia ...
Charoen Sirivadhanabhakdi, one of Thailand’s richest men has submitted a bid for the U.K.-based supermarket chain’s Asia stores.
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Global stocks sink as coronavirus spooks investors
Global shares tumbled further Friday on growing worries that the economic fallout from the global spread of the coronavirus may be more severe than previously expected.
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Huawei leads in 5G commercial contracts, over half from Europe
China's tech giant Huawei announced it had secured a total of 91 5G commercial contracts worldwide to date, despite tightening restrictions from the United States.
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South Korea faces Q1 economic contraction due to coronavirus
South Korean economy could contract in the first quarter because of the escalating spread of the new coronavirus. Nearly 1,600 people in South Korea have been infected, second only to China.
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Hong Kong economy to remain in a slump, reporting first deficit in 15 ...
Storm of trade war, prolonged unrest and the coronavirus outbreak may cost Hong Kong $17.8 billion budget deficit in the year ahead.
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Samsung Electronics to Halt Plant in Korea on Virus Case: Bloomberg
Samsung Electronics Co. will shut down operations at a plant in Gumi City, South Korea, after an employee was confirmed to be infected with the coronavirus.
