To the streets to demand better treatment an equal pay or an International Room instead of. The at. The end. Italy is reportedly set to impose an unprecedented large scale quarantine in the north of the country to contain the corona Virus Outbreak more than 10000000 people will be forbidden to enter or leave the long body region as according to a draft decree seen by italian media almost 6000 people across italy are infected it tory gates and he has more. Soldiers are to checkpointing castillian e to add one of 11 towns and villages on the coronavirus slope down in northern italy such restrictions are reportedly set to be extended to the entire region home to 10000000 people to limit the spread of coded 19. Region is a particular area the data shows an increase in some places more than others in number g. There have been more cases of people who tested positive a drafter creasy by italian media tells people not to enter or leave lamberti or 11 nearby provinces until at least april the
00 im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems with inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could ha this year will the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were read
U. S. And european stocks are hit by the worst rout since 1987, as the panic takes hold of markets. The today session offer brief relief . 5 trillion, the u. S. Central bank offers a huge liquidity, at least nominally, injection into the treasury market after the ecb stimulus measures fall short of combing investors. And delaying the worst. The u. K. Abandons its containment strategy as efforts to push back the peak of the virus takes precedence. New york city declares a state of emergency. We are just under an hour away from the start of cash trading across europe after we saw yesterday, the biggest drop for the stoxx 600 of all time, doubledigit losses yesterday in terms of the dax, more than 12 . The ftse mid was down 17 . Now we see a mixed picture in terms of futures. Dax futures are still down. Investors are still waiting for some kind of comment out of berlin. In terms of the fiscal help that Christine Lagarde, shirley wants, the market wants to hear about it to, and Angela Merk
Italy is expanding travel restrictions to the entire country locking down 60000000 people to try to contain the corona Virus Outbreak citizens have been told to stay at home and avoid all nonessential travel movement is only allowed for urgent work situations emergencies or Health Reasons the unprecedented move follows another spike in deaths from the virus despite a street or in teen and post in the north of italy for target me reports. Its a nice greater virus that demick already the 2nd most deadly after china has taken another dramatic turn with more than 60000000 people the countrys entire population under lockdown from tuesday. Prime minister does that make contact says hes extending restrictions on movement after another spike in deaths from the coronavirus all public gatherings all banned and schools and universities closed until april the 3rd. There will no longer be a red zone there will no longer be a lawn and zone 2 in the country there will only be its only a protected zon
Others its the only way to get a job despite the risks. Was an Army Bomb Disposal engineer in Helmand Province he knew the risks he was blinded in both eyes and lost a leg when a roadside device exploded as you try to defuse it i was aware of the danger of seeing friends wounded while working on mines i wasnt scared to lose an arm or a leg is a 2nd phase we have to make to serve this country. Im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems where inside a lab thats working to find a vaccine to fight the virus that Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have bee