Darrian Traynor | Getty ImagesThe new coronavirus outbreak that started in China and spread across the world will have a major impact on Australia’s near-term growth outlook, experts said. Economists have said that would affect growth in the first quarter and may extend to the second quarter. China shutdown will cut into their GDP growth and definitely (would) do damage to Australian GDP growth,” he said. “The region accounts for around 70% of Australia’s exports, so weaker growth in China, whic

Muslims pray at Masjid al-Nabawi after completing the hajj pilgrimage in Medina, Saudi Arabia on August 19, 2019. Saudi Arabia’s Foreign Ministry announced it will temporarily suspend the entry of foreigners for pilgrimage and tourism purposes, preventing travel to the country’s holiest sites over fears of the fast-spreading coronavirus. In a statement published Thursday, Riyadh’s government said it was temporarily “suspending entry to the kingdom for the purpose of umrah and visiting the Prophe

Even if OPEC cuts production by 600,000 barrels a day, oil prices could remain weak until April, according to a senior analyst at S&P Global Platts. That’s because inventories are rising amid lower oil demand due to the coronavirus outbreak, Kang Wu, Asia’s head of analytics, told CNBC’s “Capital Connection” on Thursday. Oil prices have been under pressure because of the virus that shuttered Chinese businesses for weeks and forced flight cancellations around the world. As the economic impact of

From homes and offices to stadiums, museums and hospitals, buildings provide us with a wealth of benefits. According to the International Energy Agency (IEA), final energy use in buildings hit approximately 3,060 million tons of oil equivalent (Mtoe) in 2018, up from 2,820 Mtoe in 2010. Fossil fuels’ share in buildings’ energy use was at 36% in 2018, the IEA says, a small drop compared to 38% in 2010. “There is a massive built environment which is existing, and it is not very sustainable,” he sa

Standard Chartered posted a substantial rise in pre-tax profit for 2019 on Thursday, but the Asia-focused bank warned that the spread of the coronavirus would likely slow progress toward one of its key earnings targets. The company said annual pre-tax profit was up 46% at $3.7 billion for the year, although this was slightly below analyst expectations, and said it expects to take longer to meet its 10% ROTE (return on tangible equity) target. Standard Chartered CEO Bill Winters told CNBC that th

The 10-year yield started this week trading above 1.4%. —Imbert7:13 am: Virgin Galactic shares dive on two downgradesOne-time market darling Virgin Galactic is falling in premarket trading after two major Wall Street backers threw in the towel, citing valuation. – Melloy7:09 am: Etsy surges on earnings beatShares of Etsy soared more than 10% in extended trading following its strong fourth quarter earnings. S&P 500: coming off 5 straight negative sessions, down 6.63% for the week and on track for

Wheely founder and CEO Anton Chirkunov. WheelyWheely, which pitches itself as a “luxury” alternative to ride-hailing giant Uber, plans to raise at least $30 million to fuel an expansion overseas. Though it’s not yet decided which region it will expand to first, the firm’s boss told CNBC it invests around $10 million on each new city expansion. London-based Wheely claims to have a run rate — which is used to measure annual financial performance — of $110 million in gross bookings. “These sorts of

But before he started Monzo, Blomfield was in Silicon Valley at the start-up accelerator Y Combinator, setting up a different fintech, or financial technology, business called GoCardless with two college friends. “I went to Y Combinator through that company and got to know the team there relatively well,” Blomfield recalls in an interview. “Y Combinator really shaped my experience.” “We are first and foremost a regulated bank,” Blomfield said. Last year also saw Y Combinator throw its weight beh

U.S. government debt prices were slightly higher Thursday morning as fears over the global spread of the new coronavirus continue to hammer risk assets. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was slightly higher at 1.3170% having earlier hit a new record low. The yield on the 30-year Treasury bond was up at 1.8082%, having previously tested the all-time lows seen earlier this week. The rapid spread of the virus worldwide has sparked fears of a pande

Peter Nicholls | AFP | Getty ImagesThe U.K. is about to start trade negotiations with the United States, but some experts doubt they’ll achieve a far-reaching deal anytime soon. There are both political and technical obstacles standing in the way of a comprehensive trade deal between the two,” Fredrik Erixon, an international trade expert at the Brussels-based think tank ECIPE, told CNBC Tuesday. “It is our expectation that, although it will not be signed, much less ratified, before the U.S.’s N

European stocks plummeted further on Thursday as the rapid spread of coronavirus continues to dominate market sentiment. The pan-European Stoxx 600 fell 2.3% in early trade, with travel and leisure stocks plunging 3.3% to lead losses as all sectors and major bourses traded sharply in the red. The European countries of Estonia and Denmark both reported their first confirmed cases of coronavirus Thursday morning. It comes as China’s National Health Commission said there were 433 new confirmed case

Saudi Arabia has not reported any cases of the new coronavirus, according to the World Health Organization’s latest situation report. — Roy Choudhury10:56 am: South Korea central bank says virus outbreak raises growth uncertaintyBank of Korea kept its benchmark interest rate unchanged at 1.25%, surprising markets. Economists at ANZ Research said they were lowering their 2020 GDP growth forecast for South Korea from 2.3% to 1.9%. It cited the coronavirus outbreak in South Korea. More than half of

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Nick Viall is best known for his many turns on ABC’s “The Bachelor” reality show franchise, including two stints on “The Bachelorette” in 2014 and 2015 and a spot on “Bachelor in Paradise” in 2016. These days, Viall is focused on a series of business and creative endeavors to build a brand beyond “The Bachelor.” Nick Viall Former ‘Bachelor”I never didn’t have a job’I never didn’t have a job. “The Bachelor” season 21 with Nick Viall. Nick Viall Former ‘Bachelor”I never get comfortable’

This student credit card rewards all of those little purchases with points, and then rounds those points up to the nearest 10. While young adults trying to develop good financial habits certainly need to manage their spending, the Citi Rewards+ Student card helps out when life has high demands. Below, CNBC Select breaks down the rewards, benefits and fees associated with the Citi Rewards+ Student Credit Card to help you decide whether this is the right card for you. Citi Rewards+ reviewRewardsAd

(Image credit: Nintendo) Metroidvania (a mash-up of Metroid and Castlevania) is a genre of 2D side-scrolling games that revolves around exploring new areas, gaining new skills, beating bosses and repeating until the credits roll. Here’s what you need to know about Ori and the Will of the Wisps before it arrives on March 11, 2020 on PC and Xbox One. Ori and the Will of the Wisps follows Ori and KuDespite its ultra-colorful aesthetic, Ori and the Blind Forest was a game filled with characters who

Warframe’s Lotus is the next Spirit coming to Super Smash Bros. Ultimate as part of the brawler’s next Spirit Board event, Nintendo has revealed. Ultimate’s next Spirit Board event seems to be themed around dark-colored Spirits, as the Mario series’ Bullet Bill, the Pokemon Zekrom, and the Sonic character Infinite are also featured. The Lotus Spirit is a Neutral Primary, two-star Advanced rank with three open slots. Still, Lotus wasn’t the very first character I expected to see cross into the Sm

Destiny 2 is finally getting the original game’s beloved 3v3 PvP Trials of Osiris mode. It’ll arrive as part of the Season of the Worthy, which kicks off on March 10, though the first weekend-based Trials will begin on Friday, March 13. In a short presentation video embedded above, Bungie confirms that three original Trials maps are returning, in the form of Cauldron, Exodus Blue and Anomaly. For one thing, Bungie noted that Trials will be ‘power enabled’, meaning your light level will affect ho

Doom Eternal is almost here, and now’s as good a time as ever to catch up on its forebearers. Just like Doom 1 and Doom 2 , Doom 3 is on sale through the Nintendo eShop for about 70% off its normal price (Thanks Nintendo Life ). Indeed, we have more than historical precedent to be excited for the next entry in the fabled Doom series. In our own Rachel Weber’s gleeful hands-on Doom Eternal preview , she talks about how the new entry moves the franchise forward. This new world is just another part

The spread of novel coronavirus continues to wreak havoc on gaming conventions, with more major exhibitors pulling out of PAX East. The convention kicks off in Boston this Thursday, but both CD Projekt Red and PUBG Corp have announced at the last moment they won’t attend. “I just found out my team is cancelling our PAX East trip so I will NOT be at PAX East as previously planned,” she wrote. Gamespot has also confirmed that PUBG Corp has canceled its PAX East and GDC 2020 commitments. GDC 2020 h