ROME - Deserted bars, reeling share dealers and rioting prisoners made clear on Monday how the global coronavirus epidemic was extending its reach into all aspects of social and economic life.
Deaths in Milan’s Lombardy region - where cinemas, theaters and museums are closed, sporting events suspended and restaurant hours restricted - jumped 25% in a day to 333, while the national death toll soared by 97 to 463, the highest in the world after China. “It would be the first pandemic that could be controlled,” Tedros added. “The bottom line is we are not at the mercy of the virus.”In the United States, which has reported 566 cases including 22 deaths, the administration scrambled on Monday to assure Americans it was responding to the outbreak as stock markets plunged and top health officials urged some people to avoid cruise ships, air travel and big public gatherings.
Britain, with five deaths from almost 300 confirmed cases, said it would remain in that phase for now, allowing major gatherings and sporting events to continue, while making extensive preparations to move to the “delay phase”.See more stories In Spain, schools were closed in the town of Labastida near Vitoria in the Basque country after nearly 150 cases of coronavirus were identified nearby out of around 1,000 nationwide.In the Gulf region, where most cases stem from travel from Iran, the emphasis has been on border control. Saudi Arabia said it would fine people who did not disclose health information and travel details at entry up to $133,000.
World's Markets Tumbles COVID2019 Bitcoin
'Europe must come up with a 'strong, massive and coordinated response'...' -- Not just Europe, but globally an international, coordinated response is vital.
are Italians freaking out ? what kind of paranoia is this
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Oil stocks tumble across the board amid Saudi/Russia price war, energy ETF down 16%Shares of oil companies tumbled in premarket trade Monday, as crude prices fell 20% amid a price war between Russia and Saudi Arabia. The Energy Select SPDR...
Source: MarketWatch - 🏆 3. / 97 Read more »
Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive DiscountsSaudi Arabia has announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the U.S. and Europe. Paired with its ability to rapidly increase production, those price cuts will push the price of oil down for everyone. This sucks Wow. The price of energy is plummeting. I guess that means lower prices for American consumers. Oh, who am I kidding? The corrupt economic system has almost nothing to do with supply and demand or 'the markets.' discount from $6 to $8?...discount?
Source: NPR - 🏆 96. / 63 Read more »
Global stocks tumble as oil crashes, compounding coronavirus fearsGlobal stocks are falling and bond yields are sinking after Saudi Arabia shocked oil markets by launching a price war against onetime ally Russia. Trump's buddies in Saudi Arabia are screwing up the Stock Market. That should piss him off. Hey .cnn I think it is also a price war against the United States.
Source: CNN - 🏆 4. / 95 Read more »
World stocks sink on coronavirus shock, oil price crashGlobal share markets fall as panicked investors flee to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunges more than 30% after Saudi Arabia opens the taps in a price war with Russia Saudi Arabia's move, whether intended or not, will ease the global economic crisis by lowering cost of fuel while also collapsing the Russian economy because Russia can't compete with SA & ruble is heavily based on oil. It's a good move by KSAmofaEN - Russia, check! I'm going deeper underground, there's too much panic in this town Russia will be the loser here they wont be able to compete with the Saudis and a reduction in the price of oil will help to cushion some effects of the Virus for global industry
Source: Reuters - 🏆 2. / 97 Read more »
Media Stocks Caught Up As Global Markets TumbleStock markets have fallen sharply around the world after Saudi Arabia launched an aggressive oil price war which caused oil prices to fall by almost a third. The UK’s FTSE 100 index plunged by over…
Source: Variety - 🏆 108. / 63 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 »