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Saudi Arabia limits arrivals from UAE, Kuwait, Bahrain to airports over coronavirus: SPA

Saudi Arabia limited on Saturday land crossings with the United Arab Emirates, Kuwait, and Bahrain to commercial trucks only, with arrivals from the three countries temporarily limited to three airports as a precaution taken over the spread of the coronavirus, Saudi news agency SPA reported.



5 years ago

Coronavirus infects 100,000-plus worldwide, 21 cases found on ship off San Francisco

Twenty-one people aboard a cruise ship that was barred from docking in San Francisco have tested positive for coronavirus, U.S. officials said on Friday, adding to the more than 100,000 cases of the fast-spreading illness across the world.



5 years ago

Ethiopian investigators set to blame Boeing for plane crash: Bloomberg News

Ethiopian crash investigators have tentatively concluded that the crash of a Boeing Co 737 MAX last year was caused by the plane's design, Bloomberg News reported on Friday, citing a draft report being circulated to participants in the probe.



5 years ago

Stocks battered by Treasury rally as virus sparks shake out

Asian shares and U.S. stock futures tumbled on Friday as disruptions to business from the coronavirus worsened, stoking fears of a prolonged global economic slowdown.



5 years ago

Cathay Pacific to close Vancouver cabin crew base, cutting 147 roles

Hong Kong's Cathay Pacific Airways Ltd said on Friday it was closing its Vancouver cabin crew base, laying off 147 crew members, as part of an ongoing business review.



5 years ago

U.S. employment report expected to show strength before coronavirus spread

U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.



5 years ago

Facebook, Google ask San Francisco staff to work from home amid coronavirus

Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk of spreading Covid-19.



5 years ago

How Lipper Award-winning fund managers are playing coronavirus scare

Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that can withstand a prolonged pullback.



5 years ago

'Unsustainable': Mexico's Pemex buckling under crushing pension debt

Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits.



5 years ago

Oil drops on demand doubts, fears that producer output cuts not yet agreed

Oil slid 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices.



5 years ago

India's Yes Bank plunges 35% as central bank takes control

Shares in India's Yes Bank dropped nearly 35% on Friday to their lowest in more than a decade, after the central bank took control and set a limit on withdrawals because of a serious deterioration in its financial position.



5 years ago

Timeline: India central bank takes control of bad loan-burdened Yes Bank

India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear among account holders.



5 years ago

On the brink: China's bakers, bars and beauty spas struggle to survive coronavirus

The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls shut or empty.



5 years ago

Facebook, Google ask San Francisco staff to work from home as coronavirus spreads

Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of spreading coronavirus.



5 years ago

OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak

OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional 1.5 million barrels per day (bpd) of oil cuts until the end of 2020, saying a big move was needed to deal with the impact of coronavirus.



5 years ago