Just in: Russian President Vladimir Putin will make a statement to the nation today about the coronavirus, the Kremlin told reporters, after he canceled a planned trip to St. Petersburg.
Toning it down | Trump will stop saying "Chinese virus" amid signs the U.S. and China are seeking to cool a spat over the pandemic. The president said that while it's generally known the virus emerged in China, his use of the term was provoked by a Chinese official suggesting that U.S. soldiers had spread it. Trump, who faces an election in November, has previously blamed China as the outbreak threatens to push the world into recession.
Parliament shutdown | British lawmakers are set to vote to close the House of Commons tonight instead of March 31, in the latest attempt to stifle the spread of the coronavirus. While Prime Minister Boris Johnson has put the country on lockdown he's faced criticism for being too slow to act, with London's Underground trains and famous red buses still running and its parks packed with people.
Factory restarts | While output elsewhere is grinding to a halt, China is slowly resuming production at factories and restoring flights. Employees are returning to work, with original outbreak epicenter Wuhan set to end its lockdown on April 8. Chinese subway traffic increased 21% last week, while online sales of large appliances rebounded, say analysts at Sanford C. Bernstein.  Eastern upside | One region that may get some economic offset from the pandemic is Europe's eastern bloc. As the virus wreaks havoc on supply chains and disrupts goods from China, Aaron Eglitis reports, some companies may turn to the region to secure back-up capacity. Its countries are on the doorstep of the continent's more developed west, its workers generally highly skilled, and many nations are European Union members.
Call for normalcy | President Jair Bolsonaro, a strong Trump fan, is echoing his northern counterpart in urging Brazilians to return to work and lashing out at state governors who've ordered shops and schools closed. But the stance carries risks: During his nationally televised address, people banged pots and pans from windows in neighborhoods in key cities to protest his handling of the virus crisis.
What to Watch - Group of Seven foreign ministers meet today via teleconference after an in-person summit in Pittsburgh was canceled.
- Islamic State claimed responsibility for Monday's attack on a northern Mozambican town near natural-gas projects built by Exxon Mobil and Total at a cost of nearly $60 billion.
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And finally ... Becoming the first world leader to postpone the Olympic Games could've been a disaster for Japan's Shinzo Abe, yet it might play to his advantage. The deferral means disappointed participants, increased costs and deprives Abe of a chance to showcase his efforts to overhaul Japan's economy. But the decision also frees him to call an election when he sees fit — potentially as soon as this summer — with the ruling party's support holding steady and the opposition mired in disarray.  A person takes a photo of floating Olympic rings installed near Odaiba island, Tokyo on March 24. Photographer: Noriko Hayashi/Bloomberg |
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