It doesn’t seem like things could get worse for U
5 min read
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus.
AIRLINES BUFFETTED: Air travel has come to almost a complete standstill and industry executives believe the industry could shrink. The situation continues to worsen.
— Billionaire Warren Buffett said over the weekend that he had unloaded his company’s entire stake in U.S. airlines, believing he was mistaken in his valuation of the industry. Shares of American, Delta and United plunged between 13% and 14% Monday. Southwest slid 9%.
— China’s airline sector may be seeing some life. Tracking service Flightradar24 said Monday that daily departures…
Source news reuters.com, click here to read the full news.