Factbox: Airlines count mounting costs of the coronavirus shock

(Reuters) – Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have grounded many flights and ditched their financial outlooks. Below is a list of how the world’s biggest airlines have responded to the sharp drop in travel demand since the outbreak forced a multitude of cancellations. AIR FRANCE KLM (AIRF.PA) […]

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UPDATE 1-Mnuchin says no need for intervention in markets due to coronavirus

(Adds background) WASHINGTON, March 11 (Reuters) – U.S. Treasury Secretary Steven Mnuchin said banking regulators are looking at various possible short-term regulatory actions in response to the fast-spreading coronavirus outbreak, but he saw no need for intervention in financial markets. “We see no need for any intervention in the markets,” Mnuchin told reporters after a U.S. House Appropriations Committee hearing, […]

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‘Just stupid’: No, cocaine and bleach won’t kill the novel coronavirus

If you snort cocaine, you’re going to get super high; if you drink bleach, you’re going to get super sick — and if you do either of those things and come in contact with the novel coronavirus, you’re still likely to get COVID-19. Health officials are trying to swat down some truly wild “tips” for avoiding the novel coronavirus on […]

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Qatar and Bahrain record jump in coronavirus cases, Kuwait bans flights

DUBAI (Reuters) – Qatar reported 238 more coronavirus infections among individuals under quarantine in a residential compound on Wednesday, the latest Gulf state to record new cases in a regional outbreak that prompted Kuwait to cancel all commercial passenger flights. Bahrain earlier announced 77 new infections among citizens evacuated by plane from Iran, which has emerged as an epicenter for […]

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Wall Street pounded by growth fears as Boeing slumps

(Reuters) – U.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump’s administration to counter the economic fallout from the coronavirus outbreak. The Dow Jones Industrial Average fell 4.59%, the biggest decliner among the major indexes, also weighed down by a 10% drop in shares of constituent Boeing Co (BA.N). The […]

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U.S. 'looking at' CalPERS holdings in Chinese defense firms: top White House official

WASHINGTON (Reuters) – The Trump administration is “looking at” investments in Chinese military companies by the California Public Employees’ Retirement System (CalPERS), U.S. National Security Adviser Robert O’Brien said on Wednesday. “It’s something we are looking at,” O’Brien said in response to a question during an appearance at the conservative Heritage Foundation thinktank. “It’s an issue of security for American […]

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Slovak party challenges election after missing out on seats: newspaper

BRATISLAVA (Reuters) – Leftist coalition PS/Spolu is challenging the result of Slovakia’s national election in the Constitutional Court, alleging irregularities caused it to fall below the threshold for winning parliamentary seats, newspaper Dennik N reported on Wednesday. PS/Spolu won 6.96% of the vote in the Feb. 29 ballot, just below the 7% threshold required for coalitions of two political parties […]

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Coronavirus: 1st case of COVID-19 reported in Ottawa

Ottawa has it’s first reported case of the new coronavirus disease, known as COVID-19. The case was confirmed in a daily update posted by Ontario health officials Wednesday morning. Officials said it involves a man in his 40s who recently travelled to Austria. He went to Ottawa Hospital and is now in self-isolation. Meanwhile, the province announced additional COVID-19 cases Wednesday […]

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UPDATE 2-Britain scraps business rates for small firms

* “Exceptional step” to deal with coronavirus * Tax cut, worth 1 bln stg, is for 2020-21 year * Launches fundamental review into future of business rates * Interest rates cut after sharp fall in trading conditions (Adds detail, reaction) By James Davey LONDON, March 11 (Reuters) – British finance minister Rishi Sunak scrapped business rates for small firms in […]

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Saskatchewan officials say province is preparing for potential coronavirus outbreak

Saskatchewan government officials are denying accusations from the provincial NDP that the province is not prepared for a potential outbreak of the novel coronavirus disease, COVID-19. “They’re trying to prepare for every scenario,” Health Minister Jim Reiter said. “Part of the plan is looking at supplies. Not just provincially, but nationally, there are discussions with federal officials making sure all […]

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