Finance

The new coronavirus is prompting authorities in Italy to close schools nationwide until March 15 March 4, 2020, 10:23 PM 4 min read BERLIN — More school closures and the suspension of business travel are among the steps being taken around the world to fight the spread of the new coronavirus. These are some of […]

GROUNDED AIRPLANES: United Airlines will cut international and U.S. flying, freeze hiring and ask employees to volunteer for unpaid leave as it struggles with weak demand for travel because of the new virus outbreak. United said Wednesday it will reduce passenger-carrying capacity 20% on international routes and 10% to 12% in the U.S. United executives

For Asian-American-owned businesses, there is an additional risk: discrimination. Representative Judy Chu, a Democrat from Southern California, said Asian-owned businesses in her district had reported a 50 percent drop in business, driven by “dangerous misinformation and xenophobia.” Wesley Kang, a founder of Nimble Made, a New York-based start-up that makes men’s dress shirts and promotes

Capitol Hill negotiators have reached agreement on an $8.3 billion measure to battle the coronavirus outbreak in the U.S. The House will vote on the deal later Wednesday and Senate leaders are pressing for a vote in that chamber by the end of the week By ANDREW TAYLOR Associated Press March 4, 2020, 6:20 PM

Stocks are rising sharply on Wall Street, led by health care companies after Joe Biden solidified his contender status for the Democratic presidential nomination By STAN CHOE and DAMIAN J. TROISE AP Business Writers March 4, 2020, 4:10 PM 5 min read NEW YORK — Stocks jumped Wednesday morning and clawed back much of their

The European Commission unveiled plans Wednesday for its first ever climate law, the lynchpin of the EU’s Green Deal aimed at making the 27-country bloc climate neutral by 2050 By SAMUEL PETREQUIN Associated Press March 4, 2020, 1:52 PM 5 min read BRUSSELS — Amid fierce criticism from environmental activists, the European Commission unveiled plans

Dubai’s budget carrier flydubai says that it has suffered considerable losses due to the grounding of Boeing’s Max around the world as it announced revenue last year dipped to $1.6 billion By AYA BATRAWY Associated Press March 4, 2020, 11:43 AM 3 min read DUBAI, United Arab Emirates — Dubai’s budget carrier flydubai said Wednesday

This article is part of our continuing Fast Forward series, which examines technological, economic, social and cultural shifts that happen as businesses evolve. Derrick Gaddis knew his equipment was nearing the end of its useful life. Two of his logging skidders — the heavy-duty machines that haul cut timber — needed to be replaced. But

Global stock markets are mixed after Wall Street sank despite a U.S. interest rate cut aimed at defusing fears a virus outbreak will depress global economic growth By JOE McDONALD AP Business Writer March 4, 2020, 9:36 AM 4 min read BEIJING — Global stock markets were mixed Wednesday after Wall Street sank despite an

Greek authorities are firing tear gas and stun grenades to repulse a push by a crowd of migrants and refugees to cross its land border from Turkey March 4, 2020, 8:13 AM 2 min read KASTANIES, Greece — Greek authorities were firing tear gas and stun grenades Wednesday morning to repulse a push by migrants