How global companies are responding to novel coronavirus

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From canceling flights to shutting down stores, here's how multinational firms are dealing with the novel coronavirus outbreak. nCoV

Paris department stores, a de rigueur stop for Chinese tour groups, are unusually quiet. Italy's tourism market could face a hit of 4.5 billion euros this year, according to the think tank Demoskopika.Cinemas around China have been forced to close, during what was meant to be a prime time for blockbuster releases during the holidays. Canada-based Imax Corporation could be deprived of $60 million to $200 million in lost box-office revenues, according to analysts.

Chinese giant Huawei says it is still examining its options for the February 24-27 conference in Barcelona., the central Chinese city that is ground zero of the outbreak, is a hub for foreign carmakers from the United States, Europe, Japan, and South Korea.

 

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