Bloomberg An Iranian lawmaker died from the new coronavirus, the first member of parliament to succumb to the disease, as the government reported another surge in infections. Fatemeh Rahbar, 55, went into a coma on March 5 and never recovered, the Islamic Republic News Agency said. Rahbar, elected in February, is the nation’s seventh political figure to die from Covid-19 ...

The Federal Reserve’s first attempt to stabilise the US economy in the face of the threat from the coronavirus seems to have failed. On March 3, the Federal Open Market Committee (FOMC) decided to cut the so-called fed funds interest rate by 50 basis points, from a range of 1.5% to 1.75% to a new range of 1% to 1.25%. ...

When a financial crisis erupted in the US a little more than a decade ago, the impact rapidly spread to all corners of the globe and idled factories in far-distant China. The Covid-19 outbreak has had a similar impact, with manufacturing brought to a halt from a disaster that started in China and escalated worldwide. One example is Hon Hai ...