Finance

NEW YORK — Stocks are sinking again Wednesday, wiping out most of a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. Another big central bank made an emergency cut to interest rates in hopes of blunting the economic pain caused by COVID-19, which economists call the […]

The Latest on the coronavirus outbreak sweeping the globe: German Chancellor Angela Merkel has made clear that Germany doesn’t intend to close its borders in the light of Europe’s coronavirus epidemic, arguing that it makes more sense for people arriving from badly hit regions to quarantine themselves at home. Germany had some 1,300 infections as

The province at the center of China’s virus outbreak is allowing factories and some other businesses to reopen in a show of confidence that Beijing is gaining control over the disease that devastated its economy By JOE McDONALD AP Business Writer March 11, 2020, 9:48 AM 4 min read BEIJING — The province at the

WASHINGTON — The global spread of the coronavirus is reigniting efforts by the Trump administration to encourage more American manufacturing of pharmaceuticals and reduce dependence on China for the drugs and medical products that fuel the federal health care system. The effort includes a push by the White House trade adviser Peter Navarro to tighten

The Bank of England has cut its key interest rate by half a percentage point to 0.25%, as an emergency measure in response to the outbreak of the COVID-19 virus By JILL LAWLESS and PAN PYLAS Associated Press March 11, 2020, 8:45 AM 4 min read LONDON — The Bank of England slashed its key

A court in Myanmar has sentenced an employee of an American-owned hemp farm to 20 years in prison for violating drug laws concerning marijuana By PYAE SONE WIN Associated Press March 11, 2020, 5:17 AM 2 min read YANGON — A court in Myanmar on Tuesday sentenced a local employee of an American-owned hemp farm

PROGRESO, Ecuador — For years, Dionisio Romero has relied for his livelihood on a magenta-colored dragon fruit that is wildly popular in Asia, planting dozens of the spindly trees at his farm near Ecuador’s Pacific coast. But as the coronavirus wreaks economic havoc worldwide, the 72-year-old farmer has watched demand for his fruit plummet and

NEW YORK — The Washington Post is encouraging its staff to work at home and the Los Angeles Times is restricting air travel, two illustrations of how news organizations compelled to cover the coronavirus outbreak are balancing the need to keep employees safe. Both of those directives went out in memos to staff members on

ROME — The boisterous hum of Rome dwindled to a whisper and police patrols kept people apart in cafes as Italy enforced an extraordinary, sweeping lockdown in hopes of not becoming the next epicenter of the spreading coronavirus epidemic now that life in China is edging back to normal. Infections in Italy topped the 10,000

Airlines are slashing flights, freezing hiring and parking planes to cope with a stunning drop in bookings and a rise in cancellations caused by fear over the new virus outbreak. Southwest Airlines CEO Gary Kelly says the outbreak might be worse for airlines than the terror attacks of 2001. An industry trade group believes it