Fed cuts half point in emergency move amid spreading virus

Federal Reserve Chairman Jerome Powell said the coronavirus outbreak had increased risks to the US economic outlook, prompting the central bank to deliver an emergency half-percentage point interest rate cut. “My colleagues and I took this action to help the US economy keep strong in the face of new risks to the economic outlook,” he […]

Coronavirus: Has your UAE event been cancelled or postponed?

Dubai: Anxiety over the spread of the coronavirus has already disrupted nurseries, travel, and some trade events in the UAE. A World Health Organization official said Friday, “We are on the highest level of alert or highest level of risk assessment in terms of spread and in terms of impact …. Wake up. Get ready. […]