China’s entrepreneurs, essential to the economy, have seen their fortunes plummet. Many millions of jobs are at stake.
Tag: Economic Conditions and Trends
Coronavirus Stalls Milan, Italy’s Economic Engine
Milan is not a closed city, but it is a drastically slowed one, after a spike of cases in the region, raising anxiety about a broader slowdown.
As Fears of a Pandemic Mount, W.H.O. Says World Is Not Ready
The announcement comes as infections surge in Iran, Italy and South Korea. But the number of cases in China has begun to decline — for now.
Businesses ‘Getting Killed’ on Russian Border as Coronavirus Fears Rise
No one in a Russian city 600 yards from China has been infected as yet, but businesses are shriveling and China’s image as a benign force is being eclipsed by a more anxious vision.
Finance Ministers Grapple Over Economic Threat of Climate Change
The United States, under pressure from Europe, agreed to include a climate reference in an official G20 statement.
Venezuela’s Socialists Embrace Business, Making Partner of a ‘Parasite’
Decades of socialist-style control devastated the economy. Now, capitalism is back, helping keep the country afloat — and Nicolás Maduro in power. One deal was the cornerstone of that transformation.
As Coronavirus Cases Spiral, South Korea Raises Threat Alert Level
The move will empower the government to lock down cities, bar visitors from China and unilaterally restrict the movement of people.
As India’s Economy Sags, Even the Trump Brand Is Struggling
India has the largest number of Trump Towers outside North America, but sales are cool in an ailing market for luxury real estate.
As China Fights the Coronavirus, Some Say It Has Gone Too Far
Some Chinese business figures are taking an unusual public stand, saying the containment efforts threaten to strangle the economy if applied too broadly.
Coronavirus Epidemic Keeps Growing, but Spread in China Slows
The World Health Organization said China’s drastic limits on people’s movement had helped, but experts cautioned against predicting that the worst was over.