Coronavirus is now threatening the global economy

| All countries need to prepare to combat the coronavirus, the World Health Organization said on Thursday, as authorities raced to contain the epidemic's rapid global spread and Wall Street looked set for its biggest weekly fall since the 2008-2009 financial crisis.

The death rate appears to be around two percent, although it could be lower if there are many mild, undiagnosed cases, experts say. The head of the WHO's emergency programme, Dr Mike Ryan, said discussions were being held with organisers about the fate of the 2020 Olympics, scheduled for July in Tokyo, although no decision was expected soon.

Global equity markets have dropped for six straight days, wiping out more than US$3.6 trillion in value. Traders are betting the US Federal Reserve will move aggressively to cut borrowing costs in coming months in response to the effects of the coronavirus on the economy.President Donald Trump's administration was considering invoking special powers to rapidly expand US production of protective gear, two officials told Reuters.

Malaysian politicians : ain't nobody got time for that!

Malaysia Latest News, Malaysia Headlines

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

Corona beer's brand image suffers from uncanny link to coronavirusMexican beer brand is the third-most popular beer in the US. FMTNews CoronaBeers Corona US
Source: fmtoday - 🏆 5. / 72 Read more »

Global markets tumble as Covid-19 spreads | The Malaysian InsightAmerican public health officials warn coronavirus likely to hit world’s biggest economy.
Source: msianinsight - 🏆 8. / 63 Read more »

Coronavirus spreads faster outside China, stoking global fearsCORONAVIRUS | For the first time, the number of new cases in China overtaken by fresh cases elsewhere. The whole world is falling apart
Source: malaysiakini - 🏆 20. / 51 Read more »

A global pandemic could cost US$1trilFRANKFURT: The ghastly prospect that the coronavirus outbreak could become the first truly disruptive pandemic of the globalisation era is renewing doubts over the stability of the world economy.
Source: staronline - 🏆 4. / 75 Read more »

Asian stocks slide deeper as pandemic fears growSINGAPORE: Oil and Asian share markets extended losses on Thursday as the rapid global spread of the Covid-19 coronavirus kept investors on edge and seeking safety in gold and bonds.
Source: staronline - 🏆 4. / 75 Read more »

Covid-19: Saudi Arabia suspends entrance for UmrahCORONAVIRUS | It is also banning entrance of tourist visa holders from countries with virus outbreaks.
Source: malaysiakini - 🏆 20. / 51 Read more »