Automaker BMW saw net profit fall slightly in the first quarter from a year earlier, when the company had a large one-time expense. The company said it expected earnings to deteriorate during the first half of this year due to the coronavirus lockdowns and predicted the entire auto industry would be held back by the outbreak ?for quite some time to come.?
The European Union predicted Wednesday ?a recession of historic proportions this year? due to the impact of the coronavirus with a drop in output of more than 7%, as it released its first official forecast of the damage the pandemic is inflicting on the bloc?s economy.
The coronavirus pandemic has likely taken a heavy toll on North Korea, forcing leader Kim Jong Un to avoid public activities and his people into panic buying for daily necessities, South Korea?s spy agency told lawmakers Wednesday.
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