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Coronavirus impact on businesses and economy

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Coronavirus impact on businesses and economy

Corporations are limiting travel and canceling conferences

AID AVAILABLE: The World Bank announced Tuesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus. World Bank President David Malpass said the money will go to help developing nations strengthen their health systems that are fighting an epidemic that has already spread to more than 60 countries. “The point is to move fast,” Malpass told reporters. “Speed is needed to save lives.” Of the $12 billion in support, $8 billion represents new funds and $4 billion is being re-allocated from existing programs, Malpass said. […]

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