Philanthropist Bill Gates on Friday urged wealthy nations to help low and middle-income countries strengthen their health systems in hopes of slowing the spread of the coronavirus, which Gates said has started to behave like a "once-in-a-century" pathogen.
If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.
Bernard Madoff's former customers will soon see their total recovery approach US$14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the US government will support his request to leave prison early.
The Vatican joined forces with tech giants Microsoft and IBM on Friday to promote the ethical development of artificial intelligence (AI) and call for regulation of intrusive technologies such as facial recognition.
Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector experience as the company tries to turnaround sales of its core hair care and cosmetics products.
Elliott Management Corp is pressing SoftBank Group Corp for details of nearly-US$10 billion of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources said.
If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.
YANGON: Temporary factory closures and layoffs have already begun to hit low wage workers across Asia as quarantines and travel restrictions from the new coronavirus disrupt supply chains linked to China. For 31-year-old Myanmar worker Aye Su Than, the suspension of production at Hunter Myanmar ...
SHENZHEN: China's manufacturers are struggling to find enough workers to fill factory floors as the regular post-Lunar New Year labour migration trickles rather than flows, slowing the restart of the world's No 2 economy amid the coronavirus crisis. This week, the southern economic powerhouse ...
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.
