You are here: HomeNewsHealth2020 03 16Article 348637

Business News of Monday, 16 March 2020

Source: IBT

Global banks take crisis measures as virus death toll surges

Descriptive purpose only Descriptive purpose only

The US Federal Reserve and other central banks unveiled emergency measures to prop up the coronavirus-battered global economy, as the three worst-hit European countries recorded their deadliest days of the pandemic.

The virus has upended society around the planet, with governments imposing restrictions rarely seen outside war-time, including the closing of borders, home quarantine orders and the scrapping of public events.

After the COVID-19 pandemic began in China late last year, Europe has in recent weeks emerged as the biggest flashpoint and the death toll on the continent surged over the weekend.

Italy on Sunday announced 368 deaths over the previous 24 hours, the worst single-day toll for any country of the crisis and far exceeding the deadliest day in China recorded in February.

Spain and France registered 183 and 29 new deaths respectively on Sunday, also their worst one-day tolls.

Globally, there have been more than 6,400 confirmed deaths from the virus.

The US Federal Reserve and other central banks unveiled emergency measures to prop up the coronavirus-battered global economy, as the three worst-hit European countries recorded their deadliest days of the pandemic.

The virus has upended society around the planet, with governments imposing restrictions rarely seen outside war-time, including the closing of borders, home quarantine orders and the scrapping of public events.