2020-03-25 The Economy Shrinks with Shocking Speed
Three weeks ago, the car service company EmpireCLS was heading toward its second straight year of a growing business. Empire, based in New Jersey, could not find enough drivers and…
2020-03-22 Coronavirus Concerns Wedding Industry
Concerns about the growing number of coronavirus illnesses in the United States and elsewhere has greatly affected the wedding industry. People who are about to be married are facing difficult…
2020-03-19 Additional Measures to Stop Virus Weigh on Economy
In the United States, carmakers closed factories to protect workers against the new coronavirus and financial markets were again hard hit. Internationally, nations in North America and Europe put new…
2020-03-18 Markets Make Some Investors Think Recession, Perhaps Depression
The coronavirus outbreak has sent shock waves through stock markets in the United States and around the world. Now, with a sharp drop in share prices, investors are beginning to…
2020-03-13 As Coronavirus Spreads, Service Workers Worry about Wages
The spread of the new coronavirus is affecting the work and pay of people around the world. A delivery driver in Britain worries about getting sick from the people who…
2020-03-12 Saudi Arabia Orders Oil Production Capacity Increase
Saudi Arabia has directed the state oil company Aramco to increase its total possible oil production, or capacity. It announced the move at the Saudi Tadawul stock exchange Wednesday. A…
2020-03-10 New Coronavirus Hurting World’s Economies
The fast-spreading new coronavirus is hurting the world’s economies, lowering production and limiting travel. On Monday, the New York Stock Exchange stopped trading five minutes after opening, as the Standard…
2020-03-06 Many Companies Suspending Business Trips Because of Coronavirus
Big companies are trying to keep their employees healthy by banning business trips. The decision, however, has been a hard blow to the travel industry, which has already been suffering…
2020-03-03 OECD Study: World Economy May Shrink Because of Coronavirus
A new report says the spreading coronavirus could make the world economy shrink during the first three months of 2020. If confirmed, it would be the first quarterly drop in…
2020-02-23 Palestinians Worry About Economic Effects of China’s Health Crisis
The economic effects of the new coronavirus outbreak have spread from China all the way to the West Bank city of Hebron. Hebron is the largest Palestinian city. It is…
2020-02-19 Apple Lowers Sales Goals Because of Coronavirus Outbreak
Computer maker Apple is warning investors that it will not meet its three-month financial goal because of the coronavirus outbreak in China. The company said Monday that all of its…
2020-02-18 US Companies Bought Fewer Robots in 2019
American companies put fewer robots in place during 2019 than they did the year before, Reuters news agency reports. That is the first decrease in shipped robots since 2015. Robot…
2020-02-09 Coronavirus Outbreak Could Harm Tourism Industry
Business experts had been expecting 2020 to be a good year for international tourism. They noted that trade tensions are easing, with economic conditions on the rise in some countries.…
2020-02-05 Hyundai to Halt Production Because of Coronavirus Outbreak
Hyundai Motor says it will suspend production in South Korea because of the coronavirus outbreak, which has affected the supply of parts. In announcing the suspension, Hyundai became the first…
2020-01-31 Vietnam Has One of the Highest Rates of Consumer Savings
The market research company Nielsen reports that Vietnam has one of the world’s highest rates of consumer savings. But observers disagree on whether it is a good sign. Sixty-nine percent…