Finance

Earlier U.S. authorities urged citizens to refrain from visiting Italy to avoid danger of spreading coronavirus. Italy is experiencing Europe's worst outbreak of the infectious disease, with more than 1,100 confirmed cases and 29 deaths. American claimed its final flight will return from Milan on Sunday. Delta will continue to offer a change fee waiver for travelers wishing to adjust their plans for flights between the USA and South Korea, China and Italy, the airline said.

The company's governance has been criticized for a while, as Dorsey is also CEO of Square Inc. The San Francisco-based company's reluctance to expand beyond its core platform has also left it with limited scale compared to its larger social media peers.

There is even increasing chatter of an unscheduled move, with a USA bank lobby economist saying a coordinated global interest rate cut by the top central banks could happen as early as on Wednesday. After a weeklong and accelerating market sell-off, some analysts were waiting for such a signal from Powell. The Fed lowered interest rates in July, September and October previous year in an effort to insure against downside risks from weak global growth and trade tensions.

The Purchasing Managers' Index (PMI), a key gauge of activity in China's factories, was at 35.7 points in February, well below the 50-point mark that separates growth and contraction every month. Anticipating the jolt awaiting businesses, Mr. Xi and other government leaders have pledged to cut their costs. We're kicking off our weeklong series on actually understanding economic data releases with the ISM Manufacturing Report .

The Gross Domestic Product ( GDP ) growth slowed down to nearly 0.9 per cent as compared to the corresponding quarter of FY 2018-19, which was registered at 5.6 per cent, as per the data released by the National Statistical Office (NSO). The sharpest fall is seen for manufacturing and electricity sectors, with a contraction of 0.2 per cent and 0.7 per cent, respectively. The GDP growth a year ago for the same quarter was 5.6%.

Hours after Federal Reserve Chairman Jerome Powell attempted to calm the panic selling on Wall Street that plagued investors all week, President Trump did not hold back lambasting the USA central bank. The Fed's statement Friday followed comments from some economists urging rate cuts to help allay anxieties and support the economy and the markets.

But some studies have raised concerns about the health of the Corona brand. "Corona's buzz score - which tracks whether American adults aware of the brand have heard positive or negative things about it - has tumbled to 51 from a high of 75 at the beginning of the year", YouGov said.

The United States may also restrict travel on its southern border with Mexico , officials said. The point of the warnings is to indicate countries where the CDC believes there is a risk of infection with COVID-19, the disease caused by the virus.

Officials from the three states announced that their testing had found new cases: a high school student from north of Seattle; an employee of an elementary school in OR, near Portland; and a woman in California , in the heart of Silicon Valley.

In Asia , MSCI's regional index excluding Japan shed 2.7 percent. Wall Street shares plunged 4.4% on Thursday alone, their largest fall since August 2011. The pan-European STOXX 600 index ( ^STOXX ) was down by more than 13% when markets closed across the continent on Friday, its steepest weekly decline since October 2008.

This latest investment raises Pony.ai's valuation to just over $3 billion. Joint efforts will increase in autonomous driving technology and mobility service development. In addition to co-developing self-driving technologies, the two are expected to "look beyond the vehicle itself to explore further possibilities in mobility services", according to the statement .

A pledge by the Federal Reserve late Friday eased the market's pain slightly into the close. More than five trillion dollars in market capitalisation was lost globally this week - roughly equivalent to Japan's yearly economic output as measured by gross domestic product.

The Geneva Motor Show 2020 has been cancelled by orgnaisers after the Swiss Government took the decision to ban events of more than 1,000 people to help contain the coronavirus outbreak. The federal government said the scale of the outbreak allowed it to invoke special powers to order measures that are normally the responsibility of Switzerland's cantons.

Two more cases were confirmed in Baghdad and Kirkuk, said a Health Ministry spokesman. The 571 new cases - the sharpest daily spike yet, outnumbering 327 new cases reported in China earlier in the day - brought the nation's total infections to 2,337, according to the Korea Centers for Disease Control and Prevention (KCDC).

Indian economy grew 5.1 per cent during the nine months (April-December 2019) as against 6.3 per cent in the same period a year ago, data said. Growth in mining output came in at 3.2 per cent against a contraction of 4.4 per cent a year ago.

For your information, let us tell you that in the meantime, US and South Korean forces have postponed their joint military exercise. Since September past year, the two countries held six rounds of negotiations on the 11th SMA, a South Korea-U.S.

The southeastern city of Daegu and surrounding areas accounted for most of its new infections. In total, 78,824 people have now been infected with the Covid-19 strain in the mainland. On the same day, Chinese health authorities said 3,622 more patients were discharged from hospitals, bringing the total number of recovered cases to 36,117.

Response and reaction to the coronavirus outbreak are elevating at the local, national and global levels, with the World Health Organization during a press conference Friday morning increasing its official risk assessment from " high " to "very high".

Saudi Arabia , which said it would continue to engage with Russian Federation regarding oil policy, is reducing crude supplies to China in March by at least 500,000 bpd due to slower refinery demand. The U.S. Energy Information Administration lowered its 2020 demand growth forecast to 1 million bpd from 1.3 million bpd. Fear over the economic fallout has savaged markets, sending USA equities to a seventh straight loss.

Microsoft became the second major technology company after Apple to warn that covid-19 disease will damage its finances. Trump's comments, Microsoft and Goldman's warnings came after the Dow fell more than 100 points on Wednesday, adding to its massive decline for this week.

Sales in the quarter increased 35% to $4.85 billion, compared with the $4.76 billion that analysts surveyed by FactSet had expected. Salesforce is raising its revenue guidance for the first quarter of Fiscal 2021, which will range between 21 billion and 21.1 billion dollars, with adjusted earnings per share expected to be 3.16 to 3.18 dollars.

Monex Group, South Korean crypto-asset exchange BitSonic and Taiwan government's National Development Fund also took part in the round. CoolBitX founder and CEO Michael Ou informed TechCrunch in an electronic mail that Sygna's deployment helps differentiates it from rivals like Shyft and Ciphertrace, which additionally supply journey rule compliance options, as a result of it has been examined and confirmed by customers.

Rebecca Katz, the director of the Center for Global Health Science and Security at Georgetown University, told TIME . At a White House briefing, Trump defended his administration's handling of the crisis and said health experts were "ready, willing and able" to move quickly if the virus spreads.

An upcoming "command post training", usually conducted by members of the two militaries' Combined Forces Command , will be postponed "until further notice", according to a statement from the command. But Fauci cautioned reporters that in a best-case scenario, "you're talking about a year to a year and a half" before any vaccine would be ready for widespread use.

The notification did not describe the breach as a hack, The Daily Beast pointed out. Our servers were never accessed. He added that the company continues to strengthen its security procedures and that the flaw has been patched. The company is already being looked at by Australia's Privacy Commission. Clearview sells a facial-recognition database to police departments around the country.