Currently, there are no treatments or vaccines for COVID-19. A number of companies are racing to find a treatment or vaccine for the same. What is the latest by which a vaccine for COVID-19 will be available?
Facebook on Thursday shared an update on its $100 million small-business grants program announced in March, saying that it will provide $40 million in grants to 10,000 U.S. small businesses that were impacted by the coronavirus pandemic. In March, the social media giant said it is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses.
Confirmed coronavirus cases worldwide crossed 1 million Friday. According to the latest data provided by Johns Hopkins University, a total of 1,040,664 people were tested positive for the killer virus, and 55,191 others died due to the disease. However, Australia's Chief Medical Officer Prof. Brendan Murphy said at a news conference that the actual number of coronavirus cases across the world co
Brazil's service sector shrunk at the fastest pace in the survey's 13-year history in March as businesses were shut and demand shrunk due to the coronavirus, or Covid-19, outbreak, survey data from IHS Markit showed on Friday.
The headline seasonally adjusted IHS Markit Brazil Services Business Activity...
The National Retail Federation Chief Economist Jack Kleinhenz stated that while the coronavirus pandemic "has triggered shocks", the underlying U.S. economy is sound unlike during the Great Recession of 2007-2009. However, Kleinhenz noted that bringing the virus under control was crucial or else the fallout would be worse. Kleinhenz also said that retail foot traffic is "nearly nonexistent".
The U.S. Department of Justice and U.S. Department of Health and Human Services (HHS) are distributing personal protective equipment which are confiscated, including about 192,000 N95 respirator to the frontline health care workers in New York and New Jersey who are combating the novel coronavirus (COVID-19).
S&P Global Ratings affirmed sovereign ratings of Japan as the fallout from economic shocks are expected to be temporary.
The rating agency said the coronavirus or covid-19 outbreak has set back Japan's fiscal stabilization process but it is expected to get back on track in the next one to two years...
China's central bank decided to reduce the reserve requirement for small and medium-sized banks by 100 basis points to improve liquidity and shore up the economy hit by the outbreak of coronavirus. The People's Bank of China, said on Friday, that it will cut the reserve requirement ratio by 50 basis points each on April 15 and May 15.
As COVID-19 continues to rage across the United States at an alarming pace, the number of daily deaths in the country due to the virus reached a new peak of 1,169. The U.S. also recorded more than 30,000 new confirmed cases in the same 24-hour period, raising the total to 245380. This is nearly a quarter of the global confirmed cases. By late Thursday, U.S. reported 6,095 deaths. Although this
The UK service sector registered its steepest downturn in more than two decades in March due to business shutdowns and order cancellation in response to the coronavirus, or covid-19, pandemic. The services Purchasing Managers' Index fell to 34.5 in March from 53.2 in February, survey data from IHS Markit and Chartered Institute of Procurement & Supply showed Friday.
A claim by BodySphere Inc. that its 2-minute Testing Kit To Diagnose Covid-19 received the Emergency Use Authorization or EUA by the U.S. Food and Drug Administration appears to be false. As per the agency's April 2 Covid-19 update, 25 companies have received EUA for testing kits to detect the coronavirus from early February till now, but not BodySphere.
Miami Mayor Francis Suarez has requested U.S. President Donald Trump to immediately suspend flights from COVID-19 hotspots, both international and domestic, to Miami International Airport, to stop the spread of the virus among Miami residents. The mayor asked Trump to direct various government agencies to carry out his request as soon as possible, including the Federal Aviation Administration.
Eurozone retail sales grew at a faster pace in February before the coronavirus containment measures began in member countries, data from Eurostat showed Friday.
The retail trade volume grew 0.9 percent on a monthly basis, faster than the 0.7 percent increase seen in January. Economists had forecast...
The euro area private sector logged its biggest monthly fall on record in March as the coronavirus disease, or covid-19, pandemic impacted heavily on economic activity, final data from IHS Markit showed Friday. The final composite output index fell sharply to 29.7 in March from 51.6 in February. This was also weaker than the flash estimate of 31.4.
China's services activity contracted in March as the sector continued to face challenging conditions due to the ongoing impact of the coronavirus, or covid-19 outbreak, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers' Index rose to 43.0 in March from a record low 26.5 in February. However, a score below 50 indicates contraction.