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Business News

Chinese maker of ‘Amazon coat’ weathers coronavirus impact with tax breaks, rent waivers

Orolay, the maker of the ‘Amazon coat’ that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most Chinese small businesses trying to get back on their feet amid huge disruptions caused by the coronavirus epidemic.

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Trading Ideas

Germany Quarantines 1,000; Switzerland Bans Events: Virus Update

(Bloomberg) — Germany quarantined about 1,000 people, Switzerland banned big events, while Britain and Netherlands reported new cases. South Korea revealed 571 more coronavirus infections and Nigeria, Africa’s most populous country, confirmed the first infection south of the Sahara desert.Equity markets tumbled in Asia and Europe and U.S. futures weakened, while yields on Treasuries maturing in two and five years slid to the lowest level since 2016. Brent crude dipped below $50 a barrel for the first time since December 2018.Key DevelopmentsConfirmed cases worldwide pass 83,000; deaths top 2,800JPMorgan joins rush to curb global travel as virus spreadsLimited virus testing …read more […]