The spread of the new coronavirus is jamming up business as companies suspend production, meetings, events and business travel
LONDON — The spread of the new coronavirus around the world is hitting companies hard as they suspend production, meetings, events and business travel. Here’s a look at the latest developments:
MARKETS: Markets are down sharply again. The Dow and S&P slumped 4.4% Thursday and Treasury yields dropped to record lows, a sign of caution among traders. After a mixed day in Asia, investors sold off shares more aggressively in Europe, where indexes were down over 3%. Shares in airlines were down as much as 10%.
FACEBOOK GATHERING: Facebook says it is canceling F8, its annual conference for developers. The show had been scheduled to take place May 5-6 in San Jose, California. The company says it is planning other ways for its developer community to get together, including live streams, locally hosted events and videos. More than…
Source news reuters.com, click here to read the full news.
