Tourism in France expected to drop by 30-40%

The FINANCIAL — France welcomes around 2.7 million Chinese tourists to the country each year. The new coronavirus outbreak is depriving France hotels, restaurants and retailers of big-spending Chinese visitors. Also, France confirmed two new cases of coronavirus. As stock markets around

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Airlines’ shares plunges as coronavirus spreads

The FINANCIAL — Shares of airlines and travel companies around the world plunged Monday due to fears about the spread of the coronavirus. The International Air Transport Association warned last week that the virus would inflict a $1bn hit on airline industry’s

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