World economy may shrink because of virus, watchdog says

World economy may shrink because of virus, watchdog says

PARIS (AP) — A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis more than a decade ago.In a special report on the impact of the virus, the Organization for Economic...
Market mood turns sour over virus after temporary relief

Market mood turns sour over virus after temporary relief

LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks.Wall Street was set to post more losses at the opening bell,...
Virus spreads to over 60 countries; France closes the Louvre

Virus spreads to over 60 countries; France closes the Louvre

PARIS (AP) — Coronavirus cases surged in Italy, and France closed the world-famous Louvre Museum on Sunday as the deadly outbreak that began in China sent fear rising across Western Europe, threatening its tourism industry.The number of countries hit by the virus...
Empty streets, economic turmoil as virus alters daily life

Empty streets, economic turmoil as virus alters daily life

TOKYO (AP) — The coronavirus has claimed its first victim in the United States as the number of cases shot up in Iran, Italy and South Korea and the spreading outbreak shook the global economy.Governments stepped up efforts to contain the disease. Saudi Arabia closed...
Oil prices fall as coronavirus spreads outside China

Oil prices fall as coronavirus spreads outside China

NEW YORK (AP) — With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.That has sent shares tumbling for oil giants like Exxon and Chevron while smaller producers with idling rigs continue...
Many Venezuelans struggle to put food on the table in crisis

Many Venezuelans struggle to put food on the table in crisis

CARACAS, Venezuela (AP) — For Yeri Guerra, getting by during hard times in Venezuela means sometimes skipping meals so her two young boys still at home can eat before heading to school.Other days, when things are even more desperate, she said, none of them eat....