Bloomberg The euro area’s gigantic bailout fund is exploring how it can use its reserves to cushion the impact of a virus-induced recession, in a move that could help reassure markets after a spike in borrowing costs for the region’s most vulnerable economies. Klaus Regling, the head of the European Stability Mechanism, said Monday it has an unused lending capacity ...

Bloomberg FedEx Corp. and United Parcel Service Inc. are dropping the normal signature rules for package deliveries to protect customers and workers as the coronavirus outbreak worsens. In a small sign of how the disease is changing business as usual, FedEx said it’s suspending the need to sign for most packages. UPS is also forgoing routine signatures. For parcels that ...

Bloomberg President Donald Trump for the first time on his Twitter feed used the phrase “Chinese Virus,” stepping up friction between the world’s two biggest economies as each tries to deflect blame for a deadly pandemic. Trump, who has previously called the disease a “foreign virus,” tweeted on Tuesday: “The United States will be powerfully supporting those industries, like Airlines ...

Bloomberg Malaysia confirmed its first deaths from the new coronavirus after the country reported the highest number of infections in Southeast Asia. A 60-year-old Malaysian man died in Kuching in the eastern state of Sarawak with authorities still identifying the source of his infection, according to a statement from the state government. That was followed by the death of a ...

Bloomberg European leaders attempted to prepare their citizens for the unprecedented trials ahead as comprehensive curbs on national life came into force in a bid to control the spread of the deadly coronavirus. In a series of public addresses, the leaders of countries from Finland to Germany sought to convince populations of the need for restrictions on their daily lives ...

Bloomberg Justin Trudeau’s government is significantly restricting the entry of non-residents into Canada to combat the spread of the coronavirus. At a press conference outside his residence in Ottawa, where the leader remains in self isolation, Trudeau said Canada will deny entry to all foreigners, except for Americans. The new measures come into effect on March 18. Trudeau also announced ...

Bloomberg Bordered by China and South Korea, two early victims of coronavirus, Kim Jong-un’s North Korea claims it has evaded the pandemic with no cases of infection. Diplomats and experts piecing together the clues see a different picture. Kim brought his already isolated country to a near standstill by sealing the borders in January to stop the virus, which halted ...

Bloomberg Serbia suspended all preparations for parliamentary elections scheduled for April 26 after imposing a state of emergency that effectively bans public activity in order to contain the coronavirus outbreak, the country’s electoral commission said. Preparations for the ballot will resume after the state of emergency is lifted, the commission said. Serbia closed its borders to all foreigners but Chinese, ...

Bloomberg US equity futures fluctuated on Tuesday and European stocks dropped as investors struggled to find their feet after the biggest plunge on Wall Street since 1987. The dollar jumped, while Treasuries retreated with gold. It was another day of volatility, with contracts on American share gauges at one point rising by their daily limits in the wake of the ...

Bloomberg India’s benchmark stock index closed negative, reversing gains, after the country’s central bank announced a currency swap and measures to boost liquidity but held back from following global peers with an emergency rate cut. The S&P BSE Sensex fell 2.6% to 30,579 as of the 3:30 pm close in Mumbai on Tuesday after dropping as much as 3.2% and ...