Dow Futures Crash as Coronavirus Spreads and Rocket Hits U.S. Embassy

Dow Futures Crash as Coronavirus Spreads and Rocket Hits U.S. Embassy

The Dow Jones faces a disastrous open as the coronavirus spreads across America and the U.S. embassy in Iraq is hit with a rocket strike. Dow futures plunged in early trade as geopolitical threats mount for the U.S. economy. Alongside a fifth confirmed case of Wuhan coronavirus in the United States there was also an …

Three rockets hit US embassy in protest-hit Iraqi capital

Three rockets hit US embassy in protest-hit Iraqi capital

Iraqis have been protesting since early October against a government deemed corrupt and incompetant Baghdad (AFP) – Three rockets slammed into the US embassy in Iraq’s capital on Sunday in the first direct hit reported after months of close calls, as thousands of protesters kept up anti-government sit-ins across the country. The attack marked a …

China coronavirus spread is accelerating, Xi Jinping warns

China coronavirus spread is accelerating, Xi Jinping warns

The country is facing a “grave situation” Mr Xi told senior officials The spread of a deadly new virus is accelerating, Chinese President Xi Jinping warned, after holding a special government meeting on the Lunar New Year public holiday. The coronavirus has killed at least 42 people and infected some 1,400 since its discovery in …

Wall Street set for weekly loss on gathering virus fears

Wall Street set for weekly loss on gathering virus fears

NEW YORK (Reuters) – Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. All three major U.S. stock averages extended their losses after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago. …

Oil slumps, on track for more than 7% weekly decline, as China virus fears shadow market

Oil slumps, on track for more than 7% weekly decline, as China virus fears shadow market

West Texas Intermediate oil for March is on track for its fourth straight decline Oil futures fell sharply Friday on fears the spread of the coronavirus in China elsewhere will undercut demand for crude which has seen prices already under pressure due to worries about a potential oversupply. On Friday, China’s National Health Commission confirmed …

New China virus: Five questions scientists are asking

New China virus: Five questions scientists are asking

Researchers are racing to find out more about the epidemiology and genetic sequence of the coronavirus spreading in Asia and beyond. Health authorities around the world are worried about an outbreak of a mysterious virus that originated in Wuhan, China, last month. Officials there have confirmed more than 500 cases of the infection, which causes …

WHO says not declaring virus a global emergency but taking it seriously

WHO says not declaring virus a global emergency but taking it seriously

GENEVA (Reuters) – The World Health Organisation (WHO) said on Thursday that the new coronavirus that has emerged in China and spread to several other countries does not yet constitute an international emergency but it was tracking its evolution “every minute”. WHO director-general Tedros Adhanom Ghebreyesus made the announcement after its Emergency Committee of 16 …

Inside Wuhan’s quarantine zone amid coronavirus outbreak

Inside Wuhan’s quarantine zone amid coronavirus outbreak

Soldiers wearing face masks screened people Thursday for the coronavirus in Wuhan, China — where doctors wore hazmat suits to treat patients sickened by the mystery illness, photos from inside the city show.  Wuhan government officials called the situation a “state of war” after a public transportation ban and other safety measures were issued in …