New York, LA shut bars and restaurants, world's central banks coordinate to combat coronavirus Follow the latest news on coronavirus with our live blog:
- Bars, restaurants, theatres and movie houses in New York and Los Angeles were ordered to shut down and several nations in South and Central America closed their borders in the latest moves around the world to combat the spread of the coronavirus.
The coordinated policy actions were reminiscent of the sweeping steps taken just over a decade ago to fight a meltdown of the global financial system, but this time the target is an entirely unfamiliar foe - a fast-spreading health crisis with no certain end in sight that is forcing entire societies to effectively shut down.
“This cannot prevent the economic fallout from social distancing,” said Ray Attrill, head of FX strategy at National Australia Bank in Sydney, referring to a method being used by many countries to try slow the spread of the virus. New York also joined the nation’s other major public school systems in calling off classes starting this week.
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New York City, Los Angeles mayors order restaurants, bars, theaters closed for coronavirusThe mayors of New York City and Los Angeles, the two largest cities in the United States, order restaurants, bars, theaters closed for coronavirus by leeladek Follow the latest news on coronavirus with our live blog:
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