Global stock markets plunge over COVID-19 fears


Global stock markets are recording their worst week since the world financial crisis of 2008.

It comes as fears over the impact of the coronavirus continue to grip investors.

This morning, February 28, markets in Europe fell sharply  with London's FTSE 100 index dropping over 3%.

Asian markets suffered too, while in the US, the Dow Jones recorded its biggest daily points drop on Thursday.

Investors are concerned that the COVID-19 virus' impact could spark a worldwide recession.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.


On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.


    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!