Factbox: Sports events around the world hit by coronavirus pandemic
Major sports events around the world that have been hit by the coronavirus outbreak:
Major sports events around the world that have been hit by the coronavirus outbreak:
Delta Air Lines plans to scale back more flights after the United States expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines was moving toward its first flight cuts as the spreading coronavirus saps demand.
American Airlines Group Inc on Saturday said it will implement a phased suspension of nearly all long-haul international flights starting March 16, amid reduced demand and travel restrictions due to the ongoing coronavirus outbreak.
The head of British Airways said coronavirus was causing an unprecedented crisis, warning that aircraft would be parked like never before and staff laid off, in a hard-hitting staff message to address "the worsening situation".
Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.
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.
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.
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.
Treasury Secretary Steven Mnuchin said Friday that the Trump administration would consider suspending people's student loan payments as part of a larger strategy to mitigate the economic consequences of the coronavirus.
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.
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.
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 screening capacity to help contain the growing epidemic.
The coronavirus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year, Asia being the most affected continent, the World Travel and Tourism Council said on Friday.
"There's trillions of dollars on the sideline, waiting and waiting and waiting," CNBC's Jim Cramer said on "Squawk Box." "They've got what they've been waiting for."
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.