Developing nations in the East Asia/Pacific region will take a major hit economically due to the coronavirus outbreak.
U.S. stocks plummeted on Wednesday after the White House warned the country could see hundreds of thousands of deaths from coronavirus.
The coronavirus pandemic has dealt a major blow to the $863 billion U.S. restaurant industry as social distancing and shelter-in-place orders have forced closures of bars and dining rooms.
Almost one-fifth of small and medium-sized businesses, or SMEs, in the U.K. are likely to collapse within the next month, unless banks and government step in to save them.
After heeding a request from the Bank of England, several of the largest banks in the U.K. have agreed to suspend dividend payments to shareholders.
The U.S. Food and Drug Administration (FDA) is urging manufacturers of the heartburn drug ranitidine, commonly known as Zantac, to immediately remove the product from the market.
The British housing and mortgage market has come to a near standstill due to coronavirus as banks withdraw loans and borrowers ask lenders to allow them to defer payments.
The coronavirus pandemic reportedly has interrupted plans by the Trump Organization to sell the lease on its Washington hotel until banks and investors get back to normal. Plans to sell the lease were announced in October.
U.S. stocks dropped on Tuesday to finish a first quarter of unprecedented events and extreme volatility.
Despite more eyes being glued to screens and content than ever before from people staying home during the COVID-19 outbreak, advertisers are pulling their ads from digital and traditional platforms at a rapid rate.
President Trump said Tuesday now is the time to work on America’s infrastructure now that interest rates are back to zero, proposing $2 trillion in spending as Congress works on the next phase of relief from the economic impact of the coronavirus.
The 2020 North American International Auto Show (NAIAS) held in Detroit in June has been canceled due to the coronavirus pandemic, rescheduling for June 2021.
Florida's governor said Monday that he does not want a cruise ship with passengers suspected to be suffering from coronavirus to dock in his southern US state.
Oil prices plunged Monday to an 18-year low as the number of novel coronavirus cases worldwide surged past 700,000, reinforcing worries about the impact of the pandemic on the global economy.
Cancellation of orders by western countries due to the coronavirus pandemic could spell doom for the garment industry in Asian countries and wipe out millions of jobs.
