Geneva motor show cancelled as Switzerland bans large gatherings – business live

Geneva motor show cancelled as Switzerland bans large gatherings – business live

Geneva motor show cancelled; worst week for markets since 2008 - business live. Major auto event axed as world markets suffer their worst week since the 2008 crisis. It's already the worst week for US stocks since the financial crisis.. Palexpo have now confirmed that the Motor Show has been cancelled altogether (not merely postponed, as first thought).. It also appears that exhibitors will not be compensated, with Palexpo citing Switzerland's ban on large gatherings .. It's official: the Geneva Motor Show has been cancelled.. Reuters are reporting that the Geneva motor show will been cancelled, as we expected, following the ban on large gatherings in Switzerland.. The main indices are all down over 3%, meaning we're still looking at the worst week since the financial crisis of 2008.. The Federal Council is responding to the latest developments in the coronavirus epidemic and has categorised the situation in Switzerland as 'particular' in terms of the Epidemics Act.. "In view of the current situation and the spread of the coronavirus, the Federal Council has categorised the situation in Switzerland as 'special' in terms of the Epidemics Act. It started the week at 7,404 points, before fears over the coronavirus hit