Coronavirus fears have seen oil prices suffer historic collapse in global market panic

The COVID-19 virus continues to spread across the globe, with around 16 million facing lockdown in Italy and the number of deaths climbing to at least 22 in the U.S.

The virus, which was first detected in Wuhan city in the Hubei province of China, has affected at least 110,041 people across 108 countries globally, with around 80,735 of the cases reported in China. The global death toll has reached 3,841, while at least 62,053 have recovered from the infection, according to the latest figures from Johns Hopkins University.

"IATA research has shown that traffic has collapsed on key Asian routes and that this is rippling throughout the air transport network globally, even between countries without major outbreaks of COVID-19," IATA's director general and chief executive officer, Alexandre de Juniac, said in the statement .

The senator will voluntarily quarantine himself"until a full 14 days have passed since the CPAC interaction," according to the statement, The Texas Tribune reports.Cruz noted that"the medical authorities have advised me that the odds of transmission from the other individual to me were extremely low," and that"the people who have interacted with me in the 10 days since CPAC should not be concerned about potential transmission.

Hundreds of foreign nationals from 54 countries on the ship will also be repatriated, including around 237 from Canada . All schools, gyms, nightclubs, museums, as well as public events, sport activities, civil/religious ceremonies have been cancelled across the country, the prime minister said. This includes various tourist attractions including the Sistine Chapel, the Vatican Museums and the ancient ruins of Pompeii near Naples.

The social distancing measures may entail banning large events, school closures and asking employees to work from home in order to avoid crowded trains and buses while traveling via public transport, BBC reports.South Korea reaches"turning point" in outbreak "In fact, now is the time to concentrate all our capabilities to bring a clear reduction in infections," he said.

China also reported its lowest daily increase in cases, according to the country's National Health Commission, the South China Morning Post reports. China reported 40 news cases on Sunday, with all cases said to have come from within Wuhan, except for four infections, which were imported from Gansu province.Several embassies in North Korea, which claims to have no reported cases of the virus but has imposed strict precautionary measures , have been shut down on Monday.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analyst View: Oil price plunge, coronavirus fears unleash market chaosFinancial markets have been thrown into turmoil following Saudi Arabia's re... the global economic panic meltdown has begun You run an article 5 minutes ago that Saudi Arabia is going to increase 210 million barrels a day now you're blaming it on a Corona 19 virus mixed messages I would say 5 minutes apart follow us for daily updates on confirmed cases, deaths, and recovery worldwide and in the US of the Corona Virus
Source: Reuters - 🏆 2. / 97 Read more »

Dow futures tumble as Saudi-Russia oil price war adds to coronavirus stressSaudi Arabia slashed official crude selling prices for April, in a sudden U-turn from previous attempts to support the oil market as global demand declines. This could be a real blood bath in the markets today(Dow). This is the time when a strong leader with a steady hand at the helm is needed.. oh yeah.. we don't have one in the US.🤦‍♂️ This was inevitable How's your 401k's now Donald
Source: NBCNews - 🏆 10. / 86 Read more »

Virus closes sites around the world; stocks, oil prices sinkAnxiety over the new coronavirus virus outbreak is sending stock and oil prices plunging even as many of Beijing's white-collar workers are returning to their offices BernieSanders and JoeBiden have told Americans to believe in science and to listen to the CDC and medical experts concerning the CoronavirusOutbreak. Trump would have you believe in him and what he says. YOU choose the best way to survive the pandemic! Bir böcek ilacı mı?🤔🤔🤔🤧 If just one billionaire tanks and jumps then it will all be worth it.
Source: ABC - 🏆 471. / 51 Read more »

Mideast stock markets sharply drop on oil, coronavirus fearsDUBAI, United Arab Emirates (AP) — Stocks markets in the Mideast suffered sharp drops in early trading Sunday over fears about the new coronavirus and falling demand for crude oil amid a failure... Oh god forbid markets drop! Wanna know why? Maybe focus on reporting illness and people not being able function due to said illness. shut the fuck up about money and care more about telling people how to take care of their communities 🖕🏾👏🏽😢⚰️ IN CORONAVIRUS I TRUST See how the coverage compares against other news outlets on Ground News Coronavirus FormulaOne Motorsport Medical MiddleEast
Source: AP - 🏆 728. / 51 Read more »

Dow plummets 1,800 points, oil prices drop as global recession concerns mountU.S. stocks, bond yields and oil prices tumbled Monday, extending a global rout as fears intensified about the coronavirus outbreak. And the media giggles with glee. Trump can’t get reelected - establishment in panic Circuit breaker: No, not the switch you flip in your house. They're measures the NYSE and others use to halt trading and prevent panic selling when there are massive declines during normal trading hours. One was already used today, and two more are still available.
Source: USATODAY - 🏆 100. / 63 Read more »