The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of the virus.
___ AIRLINES: The founder and top shareholder of European carrier easyJet says the company has enough money only to get through August at best and wants to cancel a 4.5 billion-pound ($5.5 billion) contract with planemaker Airbus for what he calls 107 “useless aircraft." In a long statement to the media, Stelios Haji-Ioannou says that terminating the contract is the only way for shareholders to retain any value in their holdings in the company.