Bloomberg Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks. The steps to be considered include placing more curbs on foreign arrivals, cancelling events with big crowds and closing entertainment venues deemed risky for spreading the virus. Confirmed cases jumped by 32 on ...

Bloomberg The US economy will contract sharply in late March and April as consumers and businesses slash spending, with the short downturn likely be officially deemed as being a recession, according to Goldman Sachs Group Inc. The world’s largest economy will shrink 5% in the second quarter after zero gross domestic product growth in the first three months of the ...

Bloomberg There’s 1,000 miles and a body of water between Mark McGowan and the Italian epicenter of Europe’s coronavirus outbreak. He may as well be next door. His 16-room hotel, the Scholars Townhouse in Drogheda, north of Dublin, has seen a 60% drop in room revenue. The business market “just melted away overnight,” he said. “We have three people at ...

Bloomberg Ferrari NV has temporarily halted the production of its sports cars in Italy because of the spread of the coronavirus. The Italian supercar maker is experiencing its “first serious supply chain issues, which no longer allow for continued production,” it said in a statement on Monday. It will suspend production at the Maranello and Modena plants until March 27. ...

Bloomberg AT&T Inc. and Comcast Corp. are loosening up restrictions on internet plans as they deal with a surge in Americans working from home and pressure from regulators. AT&T lifted some data caps on broadband services, while Comcast said it would make its Xfinity Wi-Fi hot spots free for everyone. Comcast, the biggest cable company, also said it was “pausing” ...

Bloomberg Asking prices for UK homes rose to a record in March as the market appeared undented by the coronavirus outbreak that’s threatening economies across the globe. Values increased 1% on the month to an average 312,625 pounds, Rightmove said in a report on Monday. In London, they gained 1.6% from a month earlier to 638,826 pounds. Both gauges posted ...

Bloomberg Poland should provide fiscal stimulus to aid the virus-hit economy before the central bank considers cutting borrowing costs that are already at a record low, Monetary Policy Council member Grazyna Ancyparowicz said. “It’s high time for fiscal policy to play first fiddle,” Ancyparowicz said in an interview. “Our monetary policy has already been near its limit and absolutely nothing ...

Bloomberg Malaysia’s former leader Mahathir Mohamad warned that the opposition coalition may lack the support needed to remove the current government, while criticising his long-time rival Anwar Ibrahim for the collapse of his administration. The Pakatan Harapan alliance, which was ousted from power last month, now had the backing of about 108 lawmakers, from 114 the morning before Prime Minister ...

Bloomberg Expanding testing for the Covid-19 virus in the US will result in a “spike in the curve” over the next week as more cases are uncovered, a top White House aide said. “For those of you who watched China, and China reporting, remember when they changed their definition and all of a sudden there was a blip in their ...

Bloomberg Brazilian President Jair Bolsonaro applauded a series of pro-government, anti-Congress protests around the country, three days after suggesting they would be canceled due the risk of coronavirus spread. Bolsonaro joined a demonstration in Brasilia. In a live broadcast on social media, he distributed more than a dozen fist bumps to supporters outside of the presidential palace, protected behind two ...