Latest developments from around the wilds. With updates about travel restrictions and how to protect yourself. Around the virus pandemic special coverage on aljazeera. Hello im samis day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week a Mighty Dollar for all the talk of emerging challenges when push comes to shove the dollar proves its the worlds reserve currency we find out why the Financial System riddled with bad debts india tends to revive the countrys 4th largest bank as deposits yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic the trying to make sure theres a functioning economy so they get to grips with the outbreak with the damage done is likely to surpass the financial crisis maybe even the Great Depression what is known
Costa, pmarin, San Francisco, sn mateo and santa clara counties along with the city of berkeley jointly issuing a legal order to shelter in homes the next three weeks. Sheltering in place is a core strategy. By staying home you reduce your risk of becoming exposed, which means that we reduce the risk of transmission. Reporter essential businesses will still be allowed to operate with public and personal travel to and from these services permitted under the order. Businesses that provide food, shelter and social services can remain open, including Grocery Stores, convenience stores, pharmacies, gas stations, banks, plumbing and laundry. Restaurants can offer takeout. Fire, police, medical and essential government functions will continue. Our goal right now is to make sure we have as few people as possible straining our medical resources so were only using those for people who are most in need. Reporter san jose mayor sam liccardo said city staff are already working with nonprofit and pr
System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak but the damage done is likely to surpass the financial crisis maybe even the Great Depression what is known its the worst economic crisis in the last 70 years well at this time theres a rush to safety the 11 year bull run in u. S. Stock markets is over and theres one safe haven everyone is banking on and its not gold its the dollar for all the talk of the dollar would lose its reserve currency status its proved to be just that talk lets take a look at some examples now emerging markets have borne the brunt of the rush for dollars indonesias superior lost
Concerns. Pres. Trump because of all we have done, the risk to the American People remains very low. We have the greatest experts in the world really come in the world right here. We are ready to adapt and we are ready to do whatever we have to as the disease spreads, if it spreads. Amy as trump spokeke up it was reported a person was diagnosed with the coronavirus in california, who had not traveled to any of the affected regions of the world nor had known contact with anyone who did. It is called community spread. We will speak with Pulitzer Prize winning Science Writer Laurie Garrett who says trump has sabotaged americas coronavirus response. We will also talk to science investigative journalist sonia shah about the connection between coronavirus and climate change. Her book pandemic tracking contagion from cholera to ebola and beyond. Then as trump leaves india, the death toll from antimuslim violence in new delhi has risen to at least 34. 20 to 25 people started beating me. The re
That shelterinplace order goes into effect just after midnight as we said. Abc7 News Reporter chris nguyen begins our Team Coverage in san jose to explain exactly what that order will mean. Chris. Reporter hi, dan. The shelterinplace will last for about three weeks and the message is quite simple, and that is for folks to stay home. This afternoon a bold step to slow down the spread of covid19 across the bay area. We decided collectively that we needed to take swift action as soon as possible to prevent the further spread and to protect our Critical Health care infrastructure. Reporter the Public Health officers of alameida, contra costa, marin, San Francisco, san mateo and santa clara counties along with the city of berkeley joinedly issuing a legal order for all residents to shelter at home the next three weeks. These orders were crafted with great thought and with great care. They are also crfted very, very quickly. Reporter essential businesses will be allowed to operate with trave