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Global Financial Leaders Vow 'Action' to Stem Coronavirus Impact

Global financial leaders vowed to ward off a widespread financial crisis threatened by the coronavirus Tuesday, after the UN health agency said the world has entered "uncharted territory" with the outbreak's rapid spread.

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Hand Sanitizer Sales Rocket 255% in Britain

Sales of hand sanitizer in Britain have more than tripled as nervous customers sought to protect themselves from coronavirus, data showed Tuesday.

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Asia Markets Mostly Up as Central Banks Prepare Virus Response

Most Asian markets rose for a second day Tuesday following a blockbuster surge on Wall Street fuelled by hopes for a concerted global response to the coronavirus.

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OPEC to Try to Stem Oil Price Plunge amid Coronavirus Slowdown

The OPEC club of oil-producing countries meets Thursday in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the new coronavirus.

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G7 Central Bank, Finance Chiefs to Talk Tuesday on Coronavirus

Finance ministers and central bank chiefs from G7 countries, including U.S. Federal Reserve Chair Jerome Powell will hold talks on Tuesday as the coronavirus threatens the global economy, the U.S. Treasury said Monday.

U.S. Treasury Secretary Steven Mnuchin and Powell "will lead a call with their G7 counterparts tomorrow morning," Treasury confirmed in a statement.

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Top Airlines Ax Flights as Coronavirus Saps Demand

British Airways and Ireland's Ryanair on Monday announced major flight cancellations particularly to Italy, in response to the worsening novel coronavirus outbreak, while Germany's Lufthansa  extended cutbacks.

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Venezuela Arrests Officials for Giving U.S. Oil Data

Venezuela said Monday it had arrested two officials from state oil company PDVSA for providing the US with "strategic and sensitive" details of its sanctions-hit oil operations.

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Gulf Shares Make a Comeback after Massive Losses

Stock markets in the energy-rich Gulf states rebounded Monday, after huge losses in the previous session driven by fears over the impact of the coronavirus which has sent oil prices below $50 a barrel.

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Virus Hammers China's February Economic Activity

China's manufacturing activity fell to its lowest level on record in February as official data on Saturday confirmed the massive damage the deadly coronavirus epidemic has caused to the world's second-largest economy.

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Oil Prices Tank 4.0% in Coronavirus-Fuelled Rout

Oil prices dived four percent on Friday to trade at their lowest levels for more than a year, as the coronavirus crisis continued to spark panic over crude demand.

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