OECD Urges Immediate Action on Coronavirus
“The virus risks giving a further blow to a global economy that was already weakened by trade and political tensions."
Coronavirus in the Supply Chain
The retail trade, which functions to retain the lowest possible inventory, is beginning to experience stock-outs.
U.S. Consumer Spending Increases 0.2% in January
“Consumers shielded the economy from global headwinds for most of 2019 but they won’t prove immune to the coronavirus outbreak."
Airlines Brace for Profit Hit From Coronavirus
The U.S. airline industry's long run of profitabiilty could be at risk if the virus causes a "broad slowdown" in travel.
Trade Tensions Still Vex Tax Execs
Despite the preliminary trade deal with China, corporate tax leaders expect tariffs to be a pain in their side throughout 2020.
Trump Administration Asks Congress for $2.5B to Fight Coronavirus
"The President's request for coronavirus response funding is long overdue and completely inadequate to the scale of this emergency."
Experts React to Apple’s Revenue Warning, Coronavirus Threat
The company has had to temporarily halt production and close retail stores in China due to the coronavirus.
Chinese Province Offers Coronavirus Coverage
The business insurance provided by Hainan province will serve as a "‘social stabilizer' and help companies to come through difficult times.”
Coronavirus Crimps Supply Chains, May Harm World Economy
Companies with operations or suppliers in China are experiencing business interruptions, and global GDP growth could take a big hit.
E-commerce Companies in China Offer Jobs Amid Coronavirus Outbreak
JD.com hopes the 20,000 new jobs will help minimize the impact of the coronavirus on employment.
Coronavirus Outbreak Impacting Global Business
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.