Coronavirus

Coronaviruses are a group of viruses that cause diseases in mammals, including humans, and birds. In humans, the virus causes respiratory infections which are typically mild but, in rare cases, can be lethal. In cows and pigs they may cause diarrhea, while in chickens it can cause an upper respiratory disease.

Source: en.wikipedia.org

HSBC Reorganization Slashes 35K Positions, $100B Assets

HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  Cross-border Payments

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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Japanese Sales Tax Triggers 6 Pct Economic Contraction
Japanese Sales Tax Triggers 6 Pct Economic Contraction
February 18, 2020  |  Cross-border Payments

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The...

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China’s Alibaba Loans Near $3B To Coronavirus-Affected Firms
China’s Alibaba Loans Near $3B To Coronavirus-Affected Firms
February 18, 2020  |  Cross-border Payments

Alibaba said on Monday (Feb. 17) that ㍐20 billion ($2.86 billion) is available in loans via its affiliate, Ant Financial’s MYBank, to help companies affected...

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Apple Says Coronavirus Will Ding Future Revenue
Apple Says Coronavirus Will Ding Future Revenue
February 18, 2020  |  Apple

Citing the deadly coronavirus, Apple has become the first major company to admit it won’t meet its projected revenue for this quarter because of the...

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EU Braces For Coronavirus’ Impact On PMI
EU Braces For Coronavirus’ Impact On PMI
February 16, 2020  |  Cross-border Payments

China’s coronavirus is having a negative impact on the eurozone’s already-sluggish economy, and no one is confident that the U.S. Fed will leave interest rates...

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Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises
Gov’t: US Manufacturing Spend Dips As US Consumer Spending Rises
February 16, 2020  |  Economy

A warm January led to utilities dropping 4 percent for the month as Americans reduced their reliance on heat, according to The Wall Street Journal....

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Banks Offer Economic Coronavirus Relief To Businesses
Banks Offer Economic Coronavirus Relief To Businesses
February 14, 2020  |  B2B Payments

To help businesses, communities and retail clients impacted by COVID-19, or the coronavirus, Asian financial services group DBS said in an announcement that it will...

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2020 Economy Off To A Slow Start
2020 Economy Off To A Slow Start
February 14, 2020  |  Economy

Both factory output and a key measurement statistic for retail sales were down in January, signaling a slow start to the economy this year, according...

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