US gasoline refining margins have also fallen whopping 95% amid the coronavirus outbreak. The cost of gasoline plunging fast than crude oil indicates that coronavirus will keep off the people off roads. Watch report:

WION Wallet: US gasoline refining margins at lowest since 2009 | Coronavirus Pandemic

As expected coronavirus has taken a serious toll on airlines and US industries are coming up ways to tackle it. US airlines are reducing their workforce through early retirement packages.

WION Wallet: US Airlines reducing workforce amid coronavirus outbreak

European plane maker airbus now stopping to production and assembling activities in France and Spain for the next four days. This is to fight coronavirus outbreak in the region.

WION Wallet: Airbus production hit by coronavirus outbreak

Just like aviation industry automotive industry has also been severely hit by coronavirus and various big European players are cutting production at European plants.

WION Wallet: FIAT, PSA, RENAULT to close plants in Europe

Watch today in WION Wallet: Boeing freezes new hiring, scrambles to curb fallout from the grounding of 737 max.

WION Wallet: Boeing freezes new hiring, scrambles to curb fallout from 737 max grounding

Watch today in WION Wallet: COVID-19 dominance on US auto sales, production is still normal.

WION Wallet: COVID-19 dominance on US auto sales, production still normal

Watch today in WION Wallet: In China, auto sales plunged by 79% last month which was the biggest ever monthly decline.

China: Auto sales plunged by 79% last month, the biggest ever monthly decline | WION Wallet

Watch today in WION Wallet: Sensex tanks 3000 points, Nifty hits the lower circuit.

WION Wallet: Sensex tanks 3000 points, Nifty hits the lower circuit | WION | World News

Watch today in WION Wallet: In India, a month left for the proper shift to BS-VI vehicle engine norms but the demand for BS-IV vehicles is still crawling.

India: A month left for proper shift to BS-VI norms, demand for BS-IV vehicles crawling

Former State Bank of India Chief financial officer Prashant Kumar has become the administrator after Reserve Bank of India overtakes Yes Bank after dissolving its board.

WION Wallet: RBI took-over control of Bad loan-burdened Yes Bank | Yes Bank Crisis

German airline giant Lufthansa said Wednesday it would ground 150 of its more than 750 planes worldwide, days after announcing a slimmed-down timetable over the effects of the novel coronavirus. Watch report:

WION Wallet: Lufthansa to ground 150 planes worldwide

British regional airlines Fly Bay has entered to bankruptcy as the struggling carriers failed to extend the plunging travel demand caused by coronavirus. The airlines said that all flights have been hounded and the UK business has seized trading. Watch report:

WION Wallet: British carrier FlyBe enters bankruptcy amid coronavirus crisis

WION Wallet: India gold imports plunge 41% in February | WION News | World News India’s gold imports plunged 41% in February from a year earlier as a rally in local prices to a record high squeezed retail demand, a government source said on Tuesday.

WION Wallet: India gold imports plunge 41% in February

Dubai-based airline Emirates is asking its workers to take up to a month of unpaid leave as the coronavirus outbreak forces it and other carriers to cancel flights.

WION Wallet: Emirates hit hard by Coronavirus Outbreak

The Organization for Economic Co-Operation and Development (OECD) slashed its 2020 global economic growth forecasts

WION Wallet: OECD lowers its global growth forecast to 2.4%

WION Wallet: Apple to settle lawsuit for $500 Million | WION News | World News Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down older iPhone models to compel users to buy new ones.

WION Wallet: Apple to settle lawsuit for $500 Million

WION Wallet: Geely invests $326 MN to build satellites | WION News | World News Zhejiang Geely Holding Group said on Tuesday it is investing 2.27 billion yuan ($326 million) in a new satellite manufacturing plant in China

WION Wallet: Geely invests $326 MN to build satellites

WION Wallet: Unemployment rate in India stands at 7.78% in February India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles growth in Asia's third-largest economy.

WION Wallet: Unemployment rate in India stands at 7.78% in February

WION Wallet: Demand for air masks increase in US | WION News | World News The US government is promising to buy all leftover face masks and respirators manufacturers may have on hand once the coronavirus scare subsides.

WION Wallet: Demand for air masks increase in US

WION Wallet: EU-UK Trade talks begin | WION News | World News The EU is urging Britain to drop the “political rhetoric” around Brexit as historic talks on the future trading relationship open in Brussels.

WION Wallet: EU-UK Trade talks begin

Coronavirus continues to claim lives and spread the infection across the borders. The United States has now got the first fatality due to coronavirus. The 50-year-old man had health conditions which aggravated condition, the man had no contact with anyone who had travelled to the virus hit nations.

Coronavirus kills 50-year-old man in Washington

Coronavirus continues to claim lives and spread the infection across the borders. Watch WION's report to know what life looks like in China now.

Coronavirus Outbreak: What life looks like in China

Iran continues to face global criticism over its handling of the coronavirus outbreak. A report published by BBC's Persian wing claims that the actual death toll in the country could be as high as 210. This is six times higher than what the government in Iran reported.

Report claims coronavirus death toll in Iran to be 210

Several European nations have reported their first cases of the coronavirus. The virus continues to spread from Italy, which has become a coronavirus hotbed. Italy is one of the worst coronavirus hit country outside China.

Coronavirus Outbreak: European nations report their first cases

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