Bloomberg The wireless industry scrapped its biggest annual showcase after the coronavirus outbreak sparked an exodus of participants, roiling telecom companies just as they’re preparing to roll out new 5G services. It’s the first time in Mobile World Congress (MWC) Barcelona’s 33-year history that organisers have called off the event, which draws more than 100,000 participants from across the world …

Bloomberg The head of the International Monetary Fund (IMF) said global central banks and governments may need to unite to fight the economic fallout from the coronavirus as banks lower growth forecasts. “From our perspective, it is very important to follow carefully what is going to happen in the next weeks,” IMF Managing Director Kristalina Georgieva said on a panel …

Bloomberg The coronavirus outbreak in China is putting pressure on price stability because production has been delayed but it will not lead to large-scale inflationary pressures, according to China’s central bank. The People’s Bank of China’s (PBOC) stance is unchanged and it will maintain prudent monetary policy, Deputy Governor Fan Yifei said at a press conference in Beijing on Saturday. …