White House considers tax relief for airlines, travel firms amid coronavirus

The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday.

Mastercard shuts Sao Paulo office, NY site after employee diagnosed with coronavirus

Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.

Coronavirus infects more than 100,000 worldwide, wreaking financial havoc

The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with business districts beginning to empty and stock markets tumbling.

Saudi Arabia suspends public attendance at sports events until further notice

The Saudi ministry of sports announced on Friday it will suspend public attendance at all sports events starting Saturday, a statement from the ministry reported.

Colombia has confirmed first case of coronavirus: health ministry

Colombia confirmed its first case of coronavirus on Friday, joining other South American countries already reporting cases of the fast-spreading disease.

Canada's tourism industry 'deeply affected' by virus outbreak: minister

The outbreak of the new coronavirus is hammering Canada's tourism industry, a senior government official said on Friday, as the number of visitors from China plummeted and after the cancellation of a major technology convention.

Austria introducing 'spot' health checks at Italian border

Austria is introducing "spot" health checks at its border with Italy for two weeks as of next week in response to the coronavirus outbreak, in which Italy is the hardest-hit country in Europe, Chancellor Sebastian Kurz said on Friday.

Oil slammed as investors flee after Russia rejects steep OPEC cut

Brent suffered its biggest one-day loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand.

Investors look for buys as virus fears crush travel stocks

Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.

Bank of America splitting trading staff amid coronavirus concerns: source

Bank of America Corp is splitting its trading staff with about 100 employees working out of the Stamford location effective Monday, according to a source familiar with the matter.

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