New York City will close its bars and restaurants to limit the spread of coronavirus. More here:
- Bars, restaurants, cinemas and schools were shutting down from New York and Los Angeles to Paris and Dubai in a worldwide effort to combat the coronavirus pandemic, as financial markets tumbled despite emergency action by global central banks.
Global markets reeled on Monday, with U.S. stock indexes plunging more than 12% as the Federal Reserve’s second emergency rate cut to near zero stoked fears of a coronavirus-driven recession. [.N] [MKTS/GLOB] The World Health Organization called on all countries on Monday to ramp up their testing programmes as the best way to slow the advance of the pandemic.“We have a simple message to all countries - test, test, test,” WHO Director General Tedros Adhanom Ghebreyesus told a news conference in Geneva. “All countries should be able to test all suspected cases. They cannot fight this pandemic blindfolded.
Just a month ago, financial markets were hitting record highs on the assumption the outbreak would largely be contained in China. There have now been more cases and more deaths outside mainland China than inside. Tracking the spreadU.S.
Spain and France, where cases and fatalities have begun surging at a pace just days behind that of Italy, imposed severe lockdowns over the weekend.
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