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World Health Organization raises global risk of virus

The coronavirus spread further on Friday, with cases reported for the first time in six countries across three continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to “very high.” Read more

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 REUTERS/George Frey

A new coronavirus case in California is of unknown origin, health officials say

The latest case was reported in Santa Clara county, home to Silicon Valley. It is the second of 10 cases in the state whose origin is unknown. Read more.

REUTERS/Soe Zeya Tun

Exclusive: U.S. postpones summit with ASEAN leaders, originally set for March 14 in Las Vegas, amid coronavirus fears

The United States has decided to postpone a meeting with leaders of Southeast Asian countries it had planned to host on March 14 due to worries about the coronavirus outbreak, two U.S. officials familiar with the matter said on Friday. Read more
 
REUTERS/Mario Anzuoni/File Photo

Coronavirus sends Netflix looking outside Italy to shoot new film

Filming of Netflix's big-budget Dwayne Johnson movie "Red Notice" had been scheduled to move to Italy in the coming weeks, but producers now are exploring other locations due to the coronavirus outbreak in the country, according to a source close to the production. Read more
REUTERS/Kevin Lamarque

U.S. to push production of protective gear for coronavirus; new case confirmed in California

The U.S. will invoke a federal defense law to boost production of masks, gloves, gowns and other items to protect against the new coronavirus, the Trump administration said, as a new case was confirmed in California. Read more

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Powell says Fed ready to act as coronavirus poses 'evolving' economic risks

Federal Reserve Chair Jerome Powell on Friday said the U.S. economy remains in solid condition although the coronavirus outbreak poses a risk and the central bank will act as appropriate to provide support.
REUTERS/Mario Anzuoni

Corona beer maker says U.S. sales remain strong despite outbreak

Corona beer maker Constellation Brands said on Friday sales of its Corona Extra beer remained strong in the United States in the four weeks to Feb. 16, amid the rapid global spread of the coronavirus. Read more

Central banks may mount a coronavirus rescue. It may not be enough

Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond in force is in doubt even as investors hound them for action. Read more

Wall Street suffered its biggest weekly drop since the 2008 financial crisis amid global coronavirus fears. The Dow closed down more than 350 points. Read more

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Wall Street ends worst week since 2008 crisis amid global coronavirus fears; Dow closes down more than 350 points
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