NewsWatch: Airlines move to cut capacity and rein in costs as coronavirus effect intensifies

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Airline companies around the world moved to cut capacity and rein in costs on Tuesday, in response to the mass cancellations and empty planes caused by the coronavirus that causes COVID-19 that has now infected more than 114,000 people around the world. See full story.

Bond investors say some energy companies ‘will not survive’ oil rout slamming markets

There is around $140 billion of speculative-grade or “junk” bonds outstanding by U.S. energy companies, but the selloff sparked by collapsing oil prices and a spreading coronavirus also threatens to sweep up other industries. See full story.

Italy will need a precautionary bailout — a ‘financial firewall’ — as coronavirus pushes it to the brink

As the human costs of the coronavirus have grown alarmingly, Italy’s crisis could soon become unmanageable, potentially causing mayhem in world financial markets. See full story.

These nine companies are working on coronavirus treatments or vaccines — here’s where things stand

A mix of legacy drugmakers and small startups have stepped forward with plans to develop vaccines or treatments that target the infection caused by the novel coronavirus. See full story.

As recession fears mount, here’s why home prices may not plunge alongside the stock market

The last recession was largely fueled by the foreclosure crisis and the downturn in the housing market. See full story.


‘I heard that retired doctors have been asked to go back to work, despite being in the high-risk category because of age.’ See full story.