Federal Reserve Board Chairman Jerome Powell speaks during the semi-annual Monetary Policy Report in Washington, US. Associated Press
More than 570 people have been infected with the coronavirus across China and Wuhan, the city at the centre of the outbreak, has been placed under effective quarantine.
The UAE Ministry of Health and Prevention announced a new case of Coronavirus infection in the country, and added that the patient was stable and under medical care.
Books and movies have the uncanny ability to make eerie predictions about future catastrophes. The movie contagion follows the path of an epidemic that began with bats and pigs
The US economy grew at a record pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.
Aircraft manufacturers are hit by the devastating impact of the coronavirus pandemic on the aviation industry. The number of global commercial aircraft orders was zero during the month of September.
Peugeot manufacturer PSA Group returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares.
The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.