With the coronavirus outbreak continuing to spread around the globe, the economy is being jolted. Italy, which reported 1,247 new cases and 36 deaths on Saturday, announced the lockdown of Lombardy area, which includes Milan, the capital city of the world’s fashion industry. Lufthansa, the arline based in Germany—-which reported 150 new cases on Saturday—-announced plans to cancel half of its flights and ground all superjumbos.To subscribe please click here