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Has warned the situation there is deteriorating very fast. And well be getting some of your questions answered on coronavirus when we speak to a gp shortly. Good morning. European stock makets including the ftse 100 share index in london have plunged nearly six per cent in early trading despite efforts by leading Central Banks to try to limit the impact of the coronavirus on the world economy. Airline shares have been badly affected as Major Airlines plan to largely ground their fleets of aircraft through april and may. The owner of British Airways, iag, says it will be cancelling 75 per cent of flights. Downing street is stepping up efforts to keep people informed about its plans for tackling the coronavirus outbreak and how to protect themselves. From today, borisjohnson or a senior minister will hold daily news briefi ....
Central banks around the world, led by the us Federal Reserve, have taken concerted action to halt the economic slump provoked by the coronavirus pandemic. The fed slashed Interest Rates by a full percentage point on sunday and announced a multi billion dollar package of quantitative easing, to encourage spending. It said it expected a rate of virtually zero to be maintained until the bank was confident that the economy had weathered events. Heres President Trumps response. The Federal Reserve is going to be purchasing 500 billion of treasuries and 200 billion of Mortgage Backed securities and that number can increase, but they are going to start with that and that is really good news, its really great for ....