United News of Bangladesh

Major travel disruptions due to the new coronavirus have already caused the equivalent of a roughly $100 million loss to airlines in the Middle East, which serves as a connection hub for east-west travel, the industry's main trade association said Monday.

Share prices in Asia bounced back Monday from last week's retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak.

With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.

U.S. stocks closed mixed on Friday after a volatile trading session, as investors continued to flee riskier assets.

The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and dragged already slumping financial markets even lower.

The Geneva auto show was canceled after the Swiss government put an immediate ban Friday on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.

With only around 15 books sold per day and half of them purchased by employees, OWSpace recently released a letter on social media platform WeChat seeking crowdfunding to support its operation.

Asian stock markets plunged further Friday on spreading virus fears, deepening a global rout after Wall Street endured its biggest one-day drop in nine years.

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the benchmark S&P 500 down 4.4%, its worst one-day drop since 2011.

The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two years as investors worry that the spread of a viral outbreak that began in China will weaken global economic growth.