Bulgaria closes schools, restricts travel over coronavirus
Bulgaria closed schools and restricted travel to 14 countries on Friday to contain the spread of coronavirus after the number of confirmed cases in the Balkan country more than tripled to 23 over one day.
U.S. import prices post biggest drop in six months on weak petroleum
U.S. import prices fell by the most in six months in February as the cost of petroleum products dropped, and economists said they could decline further because of the coronavirus pandemic and an oil price war between Saudi Arabia and Russia.
China’s coronavirus epicenter reports just five cases; Beijing tomb-sweepers urged to stay back
The Chinese city of Wuhan, ground zero of the coronavirus outbreak, reported just five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
FDA works to speed coronavirus tests with Roche, New York approvals
The U.S. Food and Drug Administration (FDA) issued emergency authorization for a faster coronavirus test made by Swiss diagnostics maker Roche and allowed New York state to authorize certain labs to test for the virus, moves aimed at boosting screenin…
Wall Street bounces after worst day since 1987
U.S. stock indexes rebounded on Friday as investors bet on another round of fiscal easing to thwart a looming global recession in the face of the coronavirus pandemic.
Xerox to postpone meetings with HP shareholders amid coronavirus scare
Xerox Holdings Corp, which is in a proxy fight for control of HP Inc, said on Friday it would postpone meetings with shareholders of the personal computer maker amid the coronavirus outbreak.
Fidelity Investments urges employees to work from home
Fidelity Investments became the latest large financial firm to urge employees to work from home in order to slow the transmission of the coronavirus, according to a company memo.
U.S. consumer sentiment drops in early February, coronavirus blamed
U.S. consumer sentiment fell in early March as households responded to the coronavirus pandemic and steep declines in stock market prices, a survey showed on Friday.
Ukraine to block entry to residents registered in separatist-held areas to stop coronavirus spread
Ukraine’s government at a televised meeting on Friday decided to ban citizens registered in separatist-held territory in the eastern Donbass region from entering government-controlled areas.
U.S. Treasury chief sees short-term economic hit from coronavirus
U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.
