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Will coronavirus trigger a global recession? | Jeffrey Frankel

World economy’s prospects look bleak because of Covid-19 outbreak and Donald Trump’s trade policyAt the start of this year, things seemed to be looking up for the global economy. True, growth had slowed a bit in 2019: from 2.9% to 2.3% in the US and from 3.6% to 2.9% globally. Still, there had been no recession and as recently as January, the International Monetary Fund projected a global growth rebound in 2020. The new coronavirus, Covid-19, has changed all of that.Early predictions about Covid...
Tags: Business, China, US, International Trade, Economics, World news, US news, Asia Pacific, Global Economy, US economic growth and recession, International Monetary Fund, Donald Trump, International Monetary Fund (IMF, Jeffrey Frankel, Coronavirus outbreak


Coronavirus: Lufthansa imposes hiring freeze as Diageo profits suffer

Airline offers unpaid leave, beverage firm fears £200m hit and Danone also voices concernCoronavirus - latest updatesLufthansa has announced a hiring freeze and is offering employees unpaid leave as part of a range of cost-saving measures to attempt to limit the financial impact of the spread of the coronavirus.The German airline, which has already cancelled all flights to China until the end of March, also said it will expand part-time work options and cancel flight attendant and other personne...
Tags: Europe, Business, France, China, Germany, Diageo, World news, Asia Pacific, Food & drink industry, Airline Industry, Lufthansa, Danone, Coronavirus outbreak


What is coronavirus and what should I do if I have symptoms?

What are the symptoms caused by the Covid-19 virus from Wuhan in China, how does it spread from person to person, and when should you call a doctor?Find all our coronavirus coverage hereHow to protect yourself from infection Plans to shut schools and curb travel in UK if coronavirus spreadsIt is caused by a member of the coronavirus family that has never been encountered before. Like other coronaviruses, it has come from animals. Many of those initially infected either worked or frequently shopp...
Tags: UK, Science, Biology, China, World news, Medical Research, Asia Pacific, Infectious Diseases, Microbiology, Wuhan, Coronavirus outbreak


China: child found home alone with dead grandfather amid coronavirus lockdown

Anger after five or six-year-old boy was discovered in Hubei during checks by community workersLatest updates: world ‘not ready’ for coronavirus pandemicA young boy in Hubei province has witnessed his grandfather die and remained at home alone afterwards because of coronavirus restrictions, according to local media.The news of the child’s ordeal prompted an outpouring of anger online in China. Continue reading...
Tags: China, World news, Asia Pacific, Hubei, Hubei Province, Coronavirus outbreak


Australian university offers up to $7,500 to students stranded in China by coronavirus travel ban

The University of Melbourne will reimburse students’ flight, accommodation and remote study expensesAn Australian university is offering up to $7,500 in grants to students stranded in China due to the outbreak of novel coronavirus.The University of Melbourne has offered to reimburse expenses related to forfeited flights, accommodation and remote study workarounds by those students who have been affected by the Australian government’s continuing ban on entry to foreign nationals who have travelle...
Tags: China, Australia news, Asia Pacific, Infectious Diseases, Melbourne, Australian education, Australian Universities, University of Melbourne, Coronavirus outbreak


Alpine ecosystems at risk as tahr population booms in New Zealand

Himalayan tahr numbers reach 35,000 despite controversial culling aimed at limiting them to 10,000A non-native goat-like animal is destroying New Zealand’s fragile alpine regions, and government culling has been unable to keep up with its population booms.The Himalayan tahr was introduced to New Zealand in 1904 as hunting game for sports shooters, and has thrived in the rugged, alpine environment of the South Island. Continue reading...
Tags: Animals, Environment, World news, Asia Pacific, Conservation, New Zealand, South Island Continue


Rappler editor Maria Ressa: 'They could shut us down tomorrow'

Philippines journalist leading war on fake news may be jailed for 12 years on libel charges“The toughest part is not knowing whether it’s going to be a normal day, or a not normal day,” says Maria Ressa, speaking by phone from her office in Manila. A former CNN bureau chief who spent two decades as an investigative reporter, Ressa is the founder of a news website that has found itself on the frontline of the global disinformation wars.Since the summer of 2016, her reporters at Rappler have been ...
Tags: Facebook, Technology, Media, Social Networking, Social Media, World news, Cnn, Asia Pacific, Philippines, Digital Media, Manila, Rodrigo Duterte, Philippines Continue, Rappler, Maria Ressa, Ressa


Lie-flat beds in economy class: Air New Zealand unveils bunks for budget travellers

Airline which operates some of world’s longest flights is considering ‘Skynest’ sleep pods with pillows, sheets and blankets Air New Zealand has announced it could have flat beds in economy for some of its long-haul flights, but it will be more than a year before customers could get the chance to sleep in one of the new pod beds. Continue reading...
Tags: Travel, Business, Travel & leisure, World news, Asia Pacific, Air transport, New Zealand, Air New Zealand


Why are New Zealanders still not allowed to know the identity of Grace Millane's killer? | Andrew Geddis

We have had a history of suppressing information about those facing trial, but it is unclear if it can survive in the era of Facebook, Google and InstagramBritish backpacker Grace Millane’s murderer was last week sentenced to life imprisonment, with a minimum non-parole period of 17 years.However, the killer’s identity has not been published in New Zealand. When convicting Millane’s killer, Justice Simon Moore extended an existing suppression order that not only prohibits his naming, but also th...
Tags: Law, World news, Asia Pacific, New Zealand, Facebook Google, Simon Moore, Andrew Geddis, Grace Millane, Millane


FTSE 100 hits one-year closing low, as Wall Street slides again – as it happened

European markets have suffered a second day of heavy losses as new coronavirus cases are reportedLatest: Wall Street has another horror dayFTSE 100 has shed another 138 points - lowest close in a yearLuxury industry faces $40bn lossesTrump: Markets will slump if I lose re-election bidMeggitt, Croda and Morgan warn on virus impact 10.16pm GMT Finally, here’s our news story on today stock market turmoil: Related: FTSE loses another £35bn as coronavirus rattles global markets Related: Coro...
Tags: Europe, Business, China, San Francisco, Economics, UK News, World news, US news, Stock Markets, Asia Pacific, Italy, Marketwatch, Morgan, Croda, Jennifer Ellison


FTSE 100 hits one-year closing low, as Wall Street slides again – business live

European markets have suffered a second day of heavy losses as new coronavirus cases are reportedLatest: Wall Street is falling sharply againFTSE 100 has shed another 138 points - lowest close in a yearLuxury industry faces $40bn lossesTrump: Markets will slump if I lose re-election bidMeggitt, Croda and Morgan warn on virus impact 7.19pm GMT 7.16pm GMT The worst-performing sectors in New York today are mining companies, industrial companies, banks and energy firms.They all suffer when ...
Tags: Business, New York, China, Economics, UK News, World news, US news, Stock Markets, Asia Pacific, Morgan, Croda


FTSE 100 loses another £35bn as coronavirus market rout continues – business live

European markets have suffered a second day of heavy losses as new coronavirus cases are reportedLatest: FTSE 100 has shed another 138 pointsLowest close in a yearFresh losses on Wall Street tooLuxury industry faces $40bn lossesTrump: Markets will slump if I lose re-election bidMeggitt, Croda and Morgan warn on virus impact 6.22pm GMT While stocks are slumping again, Wall Street’s fear index is rising.The VIX index, which tracks volatility, has jumped by over 8% today:#DOW 27425.56 -1.91%#SP...
Tags: Business, China, US, Economics, UK News, World news, US news, Stock Markets, Asia Pacific, Treasury, Morgan, Croda


FTSE 100 heads towards one-year low as market rout continues – business live

European markets are in the red again after Dow plunged by 1,000 points last nightLatest: FTSE 100 has shed another 130 pointsOn track for lowest close in a yearFresh losses on Wall Street tooLuxury industry faces $40bn lossesTrump: Markets will slump if I lose re-election bidMeggitt, Croda and Morgan warn on virus impact 4.22pm GMT Stocks are really on the slide in New York.The Dow has lost another 1.3%, or 374 points, on top of the 1,000 shed on Monday. 4.06pm GMT Nearly every share o...
Tags: Business, New York, China, Economics, UK News, World news, US news, Stock Markets, Asia Pacific, Dow, Morgan, Croda


FTSE 100 hits four-month low as stock market sell-off continues – business live

European markets are in the red again after Dow plunged by 1,000 points last nightLatest: European markets down as rebound fizzles outIntroduction: Markets calmer after Monday’s routUK’s Ricardo issues covonavirus profits warningMeggitt, Croda and Mordan also cite virus impact 1.00pm GMT US shoe vendor Wolverine World Wide has warned that the coronavirus will hurt its profitability, by disrupting its supply chain and cutting sales.In recent years, the Company has diversified its supply chain...
Tags: Business, China, US, Economics, UK News, World news, US news, Stock Markets, Asia Pacific, Italy, Company, The Company, Pisa, Ricardo, Croda, Kathleen Brooks


Hong Kong bookseller Gui Minhai jailed for 10 years in China

Swedish citizen who went missing in 2015 sentenced for ‘providing intelligence’ abroadA Chinese court has sentenced the Swedish bookseller Gui Minhai to 10 years in prison for “providing intelligence” overseas, deepening diplomatic tensions as Sweden demanded that China release him.A court in Ningbo, an eastern port city, said on Tuesday that Gui had been found guilty and would be stripped of political rights for five years in addition to his prison term. The brief statement said Gui had pleaded...
Tags: Hong Kong, Europe, Human Rights, Sweden, Law, China, World news, Asia Pacific, Amnesty International, Freedom Of Speech, GUI, Gui Minhai, Ningbo


Malaysia's political turmoil: everything you need to know

Prime minister Mahathir Mohamad’s resignation sets rival parties against each other and could result in a snap electionThe country’s ruling alliance collapsed on Monday after the prime minister, Mahathir Mohamad, the world’s oldest leader, shocked the nation by announcing that he would be stepping down. The king accepted his resignation but asked for him to stay on as interim leader. The country is now in limbo as rival parties rush to strike deals and form a government. Continue reading...
Tags: Politics, World news, Asia Pacific, Malaysia, Anwar Ibrahim, Mahathir Mohamad


Coronavirus: South Korea to test 200,000 sect members as pandemic fears hit markets

Nation brings in ‘maximum measures’ to contain outbreak at secretive church Covid-19 coverage: live updates South Korea has stepped up its “maximum measures” to contain the coronavirus with plans to test around 200,000 members of a secretive church believed to be at the centre of the country’s outbreak.Along with an emergency budget and a crackdown on the hoarding of face masks, the government in Seoul will test members of the Shincheonji Church of Jesus after its founder agreed to provide autho...
Tags: South Korea, Science, World news, Asia Pacific, Infectious Diseases, Global development, Seoul, Coronavirus outbreak, Shincheonji Church of Jesus


Thai geologist shot dead in second mining-related killing in Bougainville

Channon Lumpoo, 27, was shot as he conducted exploration activities for a new gold mine in the regionA Thai geologist working at a new gold mine in Bougainville has been shot dead in the second killing at a mining project in the autonomous region of Papua New Guinea in recent months.Channon Lumpoo, 27, was shot by a high-powered weapon on Monday in the Kokoda constituency of south Bougainville. Continue reading...
Tags: World news, Asia Pacific, Papua New Guinea, Kokoda, Pacific Islands, Bougainville, Bougainville Continue, Channon Lumpoo


Timor-Leste prime minister offers resignation after political coalition collapses

Taur Matan Ruak offers to step down as southeast Asian nation faces new political instabilityThe prime minister of Timor-Leste has sent a letter of resignation to the president, after the collapse of a coalition supporting him in parliament, plunging the tiny southeast Asian nation into new political uncertainty.“I have sent a [resignation] letter to the president,” Taur Matan Ruak told reporters after meeting President Francisco Guterres, on Tuesday. Continue reading...
Tags: World news, Asia Pacific, Timor Leste, Taur Matan Ruak, Francisco Guterres


Coronavirus closures reveal vast scale of China’s secretive wildlife farm industry

Peacocks, porcupines and pangolins among species bred on 20,000 farms closed in wake of virusNearly 20,000 wildlife farmsraising species including peacocks, civet cats, porcupines, ostriches, wild geese and boar have been shut down across China in the wake of the coronavirus, in a move that has exposed the hitherto unknown size of the industry.Until a few weeks ago wildlife farming was still being promoted by government agencies as an easy way for rural Chinese people to get rich. Continue readi...
Tags: China, Animals, Environment, World news, Asia Pacific, Infectious Diseases, Wildlife, Coronavirus outbreak


Tiny Chinese seaweed is oldest green plant fossil ever found

Proterocladus antiquus carpeted seafloor 1bn years ago and was size of rice grainScientists have found in rocks from northern China what may be the oldest fossils of a green plant ever found: tiny seaweed that carpeted areas of the seafloor 1bn years ago and were part of a primordial revolution among life on Earth.Researchers on Monday said the plant, called Proterocladus antiquus, was about the size of a rice grain and boasted numerous thin branches, thriving in shallow water while attached to ...
Tags: Science, Biology, China, Environment, World news, US news, Asia Pacific, Wildlife, Marine Life, Evolution, Fossils


Coronavirus: WHO plays down pandemic fears after seventh person dies in Italy – as it happened

Latest updates amid alarm over sudden rise in cases in Italy and Iran Coronavirus outbreak is pandemic ‘in all but name’, says expertAustria to stop suspected carriers at borderIran denies cover-up after reports of 50 deathsShare your experiences 9.36pm GMT We will now be closing this live blog. You can find all of our most recent stories about the outbreak on our coronavirus page. 8.11pm GMT The effect of the coronavirus outbreak on the Italian economy could be “very strong, the country...
Tags: China, World news, Iran, Asia Pacific, Xi Jinping, Infectious Diseases, Italy, Giuseppe Conte, Coronavirus outbreak


Coronavirus: WHO plays down pandemic fears after seventh person dies in Italy – live updates

Latest updates amid alarm over sudden rise in cases in Italy and Iran Coronavirus outbreak is pandemic ‘in all but name’, says expertAustria to stop suspected carriers at borderIran denies cover-up after reports of 50 deathsShare your experiences 8.11pm GMT The effect of the coronavirus outbreak on the Italian economy could be “very strong, the country’s prime minister Giuseppe Conte warns.The economic impact could be very strong. At this moment, we can calculate that there will be a negativ...
Tags: White House, China, US, World news, Iran, Dhs, Asia Pacific, Xi Jinping, Infectious Diseases, Italy, Homeland Security, Johns Hopkins, Trump, Ken Cuccinelli, Giuseppe Conte, Coronavirus outbreak


Coronavirus: WHO plays down pandemic fears after sixth person dies in Italy – live updates

Latest updates amid alarm over sudden rise in cases in Italy and Iran Coronavirus outbreak is pandemic ‘in all but name’, says expertAustria to stop suspected carriers at borderIran denies cover-up after reports of 50 deathsShare your experiences 7.10pm GMT The US Centers for Disease Control and Prevention (CDC) said there were 14 confirmed cases of the coronavirus in the country, Reuters reported. These did not include the 39 cases who were among those evacuated from the Diamond Princess cr...
Tags: California, China, Sacramento, World news, Iran, Asia Pacific, Xi Jinping, Infectious Diseases, Italy, Who, Un, Wuhan, Reuters, Humboldt, World Health Organisation WHO, Antonio Guterres


Malaysia PM Mahathir resigns but is asked to stay as interim leader

Moves prompt collapse of ruling alliance and confusion over country’s leadershipMalaysia’s prime minister, Mahathir Mohamad, resigned on Monday but was then asked to stay on as interim PM in a day of political drama and confusion.The king accepted Mahathir’s resignation before appointing him as interim prime minister that evening. Continue reading...
Tags: World news, Asia Pacific, Malaysia, Anwar Ibrahim, Mahathir, Mahathir Mohamad


Coronavirus: seventh person dies in Italy amid confusion over death toll in Iran – live updates

Latest Italian victim comes as Iranian health minister says 12 people have died and 66 been infected after report of 50 deathsIran denies cover-up after reports of 50 deathsChina postpones National People’s CongressStock markets slide amid fears spread could hit growthShare your experiences 2.32pm GMT A seventh person has died in the coronavirus outbreak in Italy, the Ansa news agency has reported.Ansa said the latest person to die was an 80-year-old man who had been taken to hospital last w...
Tags: UK, China, World news, Iran, Asia Pacific, Xi Jinping, Infectious Diseases, NHS, Italy, Lodi, Reuters, Ansa, Coronavirus outbreak


Coronavirus: sixth person dies in Italy amid confusion over death toll in Iran – live updates

Latest Italian victim was a cancer patient; Iranian health minister says 12 people have died and 66 been infected after report of 50 deathsIran denies cover-up after reports of 50 deathsChina postpones National People’s CongressStock markets slide amid fears spread could hit growthShare your experiences 2.04pm GMT The UK remains “prepared for all eventualities” and the risk to individuals remains low, Downing Street said on Monday.The prime minister’s official spokesman said: We will be led ...
Tags: UK, China, World news, Iran, Asia Pacific, Xi Jinping, Infectious Diseases, NHS, Italy, Coronavirus outbreak, Brescia Continue


Coronavirus: Iran disputes death toll in city of Qom – live updates

Health minister says 12 people have died and 66 been infectedIran denies cover-up after reports of 50 deathsChina postpones National People’s CongressStock markets slide amid fears spread could hit growthShare your experiences 12.14pm GMT In France, the government urged anyone who has visited Lombardy or Veneto –the two most affected regions in Italy – to wear face masks if they go outside, limit non-essential activities and take their temperatures twice a day.The French Health ministry issu...
Tags: France, China, World news, Iran, Asia Pacific, Xi Jinping, Infectious Diseases, Italy, Tehran, Lombardy, ILNA, Qom, China South Korea Singapore, Macao France, Coronavirus outbreak, Ahmad Amirabadi Farahani


Coronavirus: 50 people die in Iranian city of Qom – live updates

New death toll in Iran is significantly higher than the latest number of confirmed cases of infections thereShare your experiences 10.16am GMT Mongolia has halted all flights from South Korea and will block entry through its borders until March 2 as it steps up its efforts to prevent the spread of the coronavirus, Reuters reports. The country’s National Emergency Commission announced the efforts to prevent the spread of the coronavirus on Monday. It has also already closed its schools until ...
Tags: Asia, South Korea, China, World news, Iran, Asia Pacific, Xi Jinping, Infectious Diseases, Venice, Mongolia, Reuters, Lombardy, RTL, Qom, Attilio Fontana, Coronavirus outbreak


Coronavirus: China postpones annual political assembly for first time in decades – live updates

Parliamentary session postponed due to coronavirus while Xi Jinping warns of impact on economy. Follow latest newsShare your experiences 9.02am GMT Renewed fears over the coronavirus outbreak have prompted steep falls on European stock markets – most notably in Italy, which has suffered the most serious outbreak outside Asia.The FTSE MIB stock market index in Italy has dropped by 4%. Shares on London’s FTSE 100 have fallen by 2.8%, more than 200 points. In Germany the Dax index is down by 3....
Tags: Asia, Europe, London, France, China, Germany, World news, Asia Pacific, Xi Jinping, Infectious Diseases, Italy, Coronavirus outbreak



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