Business

Global shares rise on optimism over progress in virus battle

  • Apr 07, 2020

TOKYO  — Global shares rose Tuesday, fueled by hopes the peak of the coronavirus pandemic surge may come soon. France’s CAC 40 rose nearly 4.0% to 4,518.21 in early trading, while Germany’s DAX jumped 4.5% to 10,530.95. Britain’s FTSE 100 added 2.6% to 5,728.94. U.S. shar

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Wuhan farmers struggle as crops wither from travel limits

  • Apr 07, 2020

HUANGPI, China  — Stuck in the same bind as many other Chinese farmers whose crops are rotting in their fields, Jiang Yuewu is preparing to throw out a 500-ton harvest of lotus root because anti-coronavirus controls are preventing traders from getting to his farm near Wuhan, where the global pandemic star

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Online grocery services struggle to meet spike in demand

  • Apr 07, 2020

LONDON  — A pandemic forcing everyone to stay home could be the perfect moment for online grocery services. In practice, they’ve been struggling to keep up with a surge in orders, highlighting their limited ability to respond to an unprecedented onslaught of demand. After panic buying left s

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Hackers’ new target during pandemic: video conference calls

  • Apr 07, 2020

WASHINGTON  — Ceri Weber had just begun to defend her dissertation when the chaos began: Echoes and voices interrupted her. Someone parroted her words. Then Britney Spears music came on, and someone told Weber to shut up. Someone threatened to rape her. Hackers had targeted the meeting on the vide

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Shares rebound on glimmers of progress in battling virus

  • Apr 06, 2020

BANGKOK  — Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas. Markets in Tokyo, Seoul and Sydney gained more than 2% in early trading and Hong Kong was up nea

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Asian stocks tumble after Wall Street rises on pricier oil

  • Apr 03, 2020

BEIJING  — Asian stock markets tumbled Friday after soaring U.S. job losses tempered enthusiasm about a possible deal to stabilize oil prices amid anxiety over the global economic decline due to the coronavirus pandemic. Benchmarks in Shanghai, Tokyo and Hong Kong all retreated. Australia’s

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COVID-19 reaches quarter of New Jersey’s nursing homes

  • Apr 02, 2020

TRENTON, N.J.  — Positive coronavirus cases have reached about a quarter of all of New Jersey’s nursing homes, accounting for more than a fifth of the 355 total fatalities from the virus, officials said Tuesday. Gov. Phil Murphy and Health Commissioner Judy Persichilli said during a daily br

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Japan’s SoftBank ends WeWork tender, remains behind bailout

  • Apr 02, 2020

TOKYO  — Japanese technology company SoftBank Group Corp. called off its offering of up to $3 billion worth of shares in office-space rental venture WeWork, though it remains committed to its $5 billion bailout of the financially troubled company. The main loser in the offer’s failure is WeW

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Virus spreads and car sales, energy prices, markets tumble

  • Apr 02, 2020

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds v

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