Rich world pumps aid to fight coronavirus, epicenter Europe reels

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicenter Europe even as they waned at the pandemic's point of origin, China.

Markets have suffered routs unseen since the 2008 debacle, with investors rushing to the U.S. dollar as a safe haven, but European and U.S. stocks made a tentative recovery on Thursday and oil prices rebounded though the reprieve may be brief.Policymakers in the United States, Europe and Asia have slashed interest rates and opened liquidity taps to try to stabilize economies hit by quarantined consumers, broken supply chains, disrupted transport and paralyzed businesses.

Interactive graphic tracking global spread of coronavirus: https://graphics.reuters.com/CHINA-HEALTH-MAP/0100B59S39E/index.htmlBritain, which has reported 128 deaths, was closing dozens of underground stations in London and ordering schools shut from Friday. Supermarkets in many countries were besieged with shoppers stocking up on food staples and hygiene products. Some rationed sales and fixed special hours for the elderly.

Trump has infuriated Beijing's communist government by rebuking it for not acting faster and drawn accusations of racism by referring to the"Chinese virus"."EXTRAORDINARY TIMES" The U.S. Federal Reserve rolled out its third emergency credit program in two days, aimed at keeping the US$3.8 trillion money market mutual fund industry functioning. That helped Wall Street shares creep into positive territory after the worst selloff since the 2008 sub-prime crisis.The desperate state of industry was writ large in Detroit, where the big three automakers - Ford Motor Co , General Motors Co and Fiat Chrysler Automobiles NV - were shutting U.S.

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