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The new coronavirus strain, first discovered in the central city of Wuhan, has caused alarm because of its connection to Severe Acute Respiratory Syndrome (SARS), which killed nearly 650 people across mainland China and Hong Kong in 2002-2003. More

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  • Oil prices dive to lowest in over a year on coronavirus fears Feb 28, 2020 08:03 AM IST

    Oil prices dive to lowest in over a year on coronavirus fears

    Brent crude dropped $1.25, or 2.3%, to settle at $52.18 a barrel, off the session low of $50.97 a barrel, which was the lowest since December 2018. West Texas Intermediate (WTI) futures sank $1.64, or 3.4%, to $47.09, after hitting their lowest level since January 2019.

  • Japan Shinzo Abe says ready to protect economy from coronavirus impact Feb 28, 2020 08:01 AM IST

    Japan Shinzo Abe says ready to protect economy from coronavirus impact

    "I'm aware of views that if the virus spreads, it could have a huge impact on the economy," Abe told parliament. "We're therefore watching developments carefully."

  • Secretive church at centre of South Korea's explosive coronavirus outbreak Feb 27, 2020 10:31 PM IST

    Secretive church at centre of South Korea's explosive coronavirus outbreak

    Patient 31 attended services at the church's branch in the southeastern city of Daegu this month, staying for two hours each time, before testing positive on February 18.

  • Coronavirus: India evacuates 112 people from China, 124 from Japan Feb 27, 2020 09:50 PM IST

    Coronavirus: India evacuates 112 people from China, 124 from Japan

    A C-17 Globemaster III transport aircraft of Indian Air Force evacuated 76 Indians and 36 foreign nationals from Wuhan while an Air India flight brought back the group of 124 people from Tokyo.

  • Coronavirus outbreak: The virulent virus continues to trigger panic across countries Feb 27, 2020 09:00 PM IST

    Coronavirus outbreak: The virulent virus continues to trigger panic across countries

    Italy has reported more than 400 cases, with the country struggling to contain the spread of the virus in its northern region.

  • New coronavirus epidemic at 'decisive point': WHO chief Feb 27, 2020 08:36 PM IST

    New coronavirus epidemic at 'decisive point': WHO chief

    Urging countries at the early stages of the outbreak of the COVID-19 disease to "move swiftly", he said: "If you act aggressively now, you can contain this virus, you can prevent people getting sick, you can save lives."

  • Editor's Take | COVID-19 may have bigger impact on airlines than 9/11 attacks Feb 27, 2020 08:30 PM IST

    Editor's Take | COVID-19 may have bigger impact on airlines than 9/11 attacks

    Moneycontrol's Shraddha Sharma talks to Prince Thomas to understand how badly airlines have been hurt, especially Indian carriers.

  • Virus-hit stocks shed $3 trillion; safe havens thrive Feb 27, 2020 07:00 PM IST

    Virus-hit stocks shed $3 trillion; safe havens thrive

    The number of new coronavirus infections in China - the source of the outbreak - was for the first time overtaken by fresh cases elsewhere on Wednesday, raising pandemic fears.

  • Coronavirus may hit global GDP by over $250 bn: PHDCCI Feb 27, 2020 05:35 PM IST

    Coronavirus may hit global GDP by over $250 bn: PHDCCI

    Aggarwal said the outbreak has the potential to cause considerable global economic and market dislocation, however, the economic impact of the disease will depend on its duration and severity.

  • As coronavirus halts US stocks' rally, can FAANG offer safe place to investors? Feb 27, 2020 04:45 PM IST

    As coronavirus halts US stocks' rally, can FAANG offer safe place to investors?

    FAANG stocks make up for about 15 percent of the S&P 500 and have a market capitalisation of over $4.1 trillion as of January 2020.

  • India's GDP seen growing at 4.7% in December quarter, with virus impact to come Feb 27, 2020 03:08 PM IST

    India's GDP seen growing at 4.7% in December quarter, with virus impact to come

    Gross domestic product data due to be released on Friday will cover up to the end of last year, before the epidemic in China had sparked fears of a pandemic.

  • Donald Trump mulls travel bans on Italy, South Korea over coronavirus Feb 27, 2020 12:35 PM IST

    Donald Trump mulls travel bans on Italy, South Korea over coronavirus

    The president's optimism about containing the pathogen contradicted a senior health official in his own administration and came as authorities said they had identified the first case of unknown origin in the United States.

  • Coronavirus spread is throwing up challenges & opportunities for Indian firms: Vinay Pandit Feb 27, 2020 12:01 PM IST

    Coronavirus spread is throwing up challenges & opportunities for Indian firms: Vinay Pandit

    A 10 percent nominal GDP is easily doable; however, earnings growth needs to be on similar lines to capture this economic growth factor.

  • Virus strikes another blow at religious tourism in Iraq Feb 27, 2020 11:41 AM IST

    Virus strikes another blow at religious tourism in Iraq

    In the southern Shiite holy city of Karbala, hotels have closed and face masks are more common on the street than the full-length black veils worn by female pilgrims.

  • Expect Tokyo Olympics to go ahead as scheduled despite coronavirus concerns: Kiren Rijiju Feb 27, 2020 11:13 AM IST

    Expect Tokyo Olympics to go ahead as scheduled despite coronavirus concerns: Kiren Rijiju

    The Olympic Games are scheduled to be held in July-August this year but a senior IOC member Dick Pound has said that the event might have to be cancelled if the deadly coronavirus outbreak is not brought under control by May.

  • Saudi Arabia suspends entry for pilgrims over coronavirus Feb 27, 2020 11:12 AM IST

    Saudi Arabia suspends entry for pilgrims over coronavirus

    The government is "suspending entry to the Kingdom for the purpose of Umrah and visiting the Prophet's Mosque temporarily", the foreign ministry said in a statement, referring to the Islamic pilgrimage to Mecca that can be undertaken at any time of year.

  • China coronavirus: Death toll climbs to 2,744 amidst decline in cases Feb 27, 2020 10:22 AM IST

    China coronavirus: Death toll climbs to 2,744 amidst decline in cases

    The country's National Health Commission (NHC) said it received reports 433 new confirmed cases of the coronavirus infection and 29 deaths on Wednesday from 31 provincial-level regions on the mainland.

  • Donald Trump faces credibility test as he plays down virus threat Feb 27, 2020 09:53 AM IST

    Donald Trump faces credibility test as he plays down virus threat

    Keenly aware of the stakes not just for public health but also his credibility, Trump conducted a lengthy press conference Wednesday evening aimed at reassuring everyone that he has the crisis well in hand.

  • Can gold hit $4,000 an ounce? Feb 27, 2020 09:20 AM IST

    Can gold hit $4,000 an ounce?

    Speculative interest is building up in gold 

  • Air India flight brings back 119 Indians, 5 foreigners from coronavirus-hit cruise ship in Japan Feb 27, 2020 09:16 AM IST

    Air India flight brings back 119 Indians, 5 foreigners from coronavirus-hit cruise ship in Japan

    All evacuees will undergo a 14-day quarantine at a facility set up by the Indian Army in Manesar, Haryana

  • Donald Trump says coronavirus risk in US is low; CDC confirms first case of unknown origin Feb 27, 2020 09:03 AM IST

    Donald Trump says coronavirus risk in US is low; CDC confirms first case of unknown origin

    At a White House briefing, Trump defended his administration's handling of the crisis and said health experts were "ready, willing and able" to move quickly if the virus spreads.

  • China reports 29 more virus deaths, lowest since January Feb 27, 2020 08:32 AM IST

    China reports 29 more virus deaths, lowest since January

    The daily tally of fatalities has fallen for three straight days now, hitting the lowest mark since January 29, when 26 new deaths were reported.

  • Facebook bans ads with false claims about new virus Feb 27, 2020 08:32 AM IST

    Facebook bans ads with false claims about new virus

    The social network said it is removing ads that feature a product and imply a limited supply, seeking create a “sense of urgency” in their mention of coronavirus. Ads that guarantee a cure or prevention are also banned, it said.

  • Microsoft says will take financial hit from coronavirus epidemic Feb 27, 2020 08:30 AM IST

    Microsoft says will take financial hit from coronavirus epidemic

    The US tech giant became the latest global firm to warn of a financial hit from the global outbreak of the disease which has killed thousands worldwide.

  • Oil falls for fifth day as coronavirus spreads outside of China Feb 27, 2020 08:30 AM IST

    Oil falls for fifth day as coronavirus spreads outside of China

    Brent crude was down 77 cents, or 1.4% at $52.66 a barrel at 0204 GMT. The contract earlier fell to its lowest since Jan. 4, 2019. West Texas Intermediate (WTI) futures fell by 80 cents, or 1.6%, to $47.93 a barrel. The contract earlier fell to its lowest since Jan. 2, 2019.

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