 | | | | The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt. | | | | | | U.S. stocks sold off on Friday as a spike in new coronavirus cases in China and other countries and as data showing U.S. business activity stalled in February fueled investors' fears about the economy. | | | | | | At Germany's Bambi Awards for the media industry in November, celebrities posed for red-carpet photos against a backdrop of established luxury brands. Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a "reduced risk" heated-tobacco device sold by cigarette maker Philip Morris International Inc. | | | | | | Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low. | | | | | | In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and add new bazookas to their recession-fighting arsenals, or risk getting mired in growth-sapping deflation or worse. | | | | | | Deere & Co's shares hit an all-time high on Friday after the company reported an unexpected increase in first-quarter profit, but the world's largest farm equipment maker warned the outbreak of coronavirus would hit sales and earnings in the second quarter. | | | | | | Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output. | | | | | | British entrepreneur Richard Branson heralded his first cruise ship "Scarlet Lady" on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus. | | | | | | Italy's biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC . | | | | | | Verizon Communications Inc has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said https://www.rsaconference.com/novel-coronavirus-update on Friday. | | | | | |
