European Shares Seeking Rebound

European stocks are likely to open higher on Monday after entering deeper into correction territory last week on coronavirus-related concerns. According to the National Health Commission, the death toll from the novel coronavirus outbreak in China rose to 2,914, bringing the total number of confirmed cases close to 80,000. The World Health Organization has raised the global alert level from […]

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U.S. Targets Cruise Lines; France Bars Big Events: Virus Update

U.S. travelers with health problems are being told to avoid cruise ships as the nation prepares for more disruptions. Italy’s coronavirus deaths rose by 57%, eclipsing South Korea. Seattle said two more nursing home residents died, pushing the local toll to 17. The Grand Princess cruise ship with ill passengers and crew will dock on Monday in Oakland, California. As […]

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Another Wild Trading Week Awaits in the Age of Coronavirus

In this article A virus-stricken ship, with more than 3,500 on board, prepares to dock in California. Saudi Arabia unleashes all-out war on the price of oil. Italy announces a lockdown around Milan, the nation’s economic engine. Wall Street analysts worry about signs of distress in the corporate funding markets. Those are just some of the factors that investors need […]

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Moviegoers Set Aside Virus Concerns as ‘Onward’ Wins Box Office

North American moviegoers largely shoved aside concern about sitting in a dark room with strangers amid a coronavirus outbreak. “Onward,” Walt Disney Co.’s animated feature from Pixar, opened in first place with weekend sales of $40 million in U.S. and Canadian theaters, Comscore Inc. estimated Sunday — only a bit shy of the $42 million to $48 million analysts had […]

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Record Winter Warmth Is Raising Pressure on Forecasters

In this article Record winter warmth around the globe has raised pressure on weather forecasters from utilities and financial markets that depend on models to work out the economic impact of climate change.  Abnormally high temperatures led to billions of dollars of lost revenue for energy producers, which have curtailed fuel supplies because everyone from homeowners to heavy industry didn’t need as […]

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Govt to offload entire BPCL stake valued at Rs 46,300 cr

The sale is key to meeting the government’s disinvestment target of Rs 2.1 trillion in the financial year 2020-21. So far, the disinvestment exercise has fetched the government Rs 34,845 crore during the current financial year. The government on Saturday invited bids for a majority stake in Bharat Petroleum Corp Ltd (BPCL), more than three months after the Union Cabinet […]

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Boeing’s New CEO Regrets Blasting Predecessor as Backlash Grows

Boeing Co. Chief Executive Officer Dave Calhoun said he regretted berating his predecessor in an interview with the New York Times this week, backtracking almost immediately from a harsh critique that rattled employees of the embattled planemaker. “I am both embarrassed and regretful about the article,” Calhoun wrote in a message to senior executives at the company, referring to a […]

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Pence Says Some Seniors Should Avoid Cruises as Virus Precaution

In this article Senior citizens with underlying health conditions should avoid activities such as a cruise, U.S. Vice President Mike Pence said after meeting with the cruise-line industry as the coronavirus outbreak raises concerns for ship operators. “If you have a family member or are yourself, a senior citizen with a serious underlying health condition, this would be a good […]

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There Are More Than 105,000 Coronavirus Cases Around the World

Beijing (AP) — The Latest on the coronavirus outbreak (all times local): 9:20 a.m. The number of deaths linked to coronavirus in Washington state could be even higher than the 16 already announced based on figures released by the nursing home at the center of the region’s outbreak. The Life Care Center of Kirkland said Saturday that since Feb. 19, […]

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