United States Treasury Secretary Steven Mnuchin told lawmakers on Tuesday that he supported the Federal Reserve’s decision to cut rates in a bid to support the economy amid the coronavirus outbreak.
The Federal Reserve on Tuesday cut interest rates amid concern about the potential economic toll of the coronavirus outbreak. The Federal Open Market Committee (FOMC), which sets Fed interest rates, announced it would cut its baseline rate range by 0.5 percentage points to a 1 to 1.25 percent spread.
Italy and Spain are adopting drastic measures regarding soccer matches because of concerns about the coronavirus outbreak. The Coppa Italia semi-final second leg match between Juventus and AC Milan in Turin on Wednesday has been postponed indefinitely because of concerns about the coronavirus outbreak, the ANSA news agency and other Italian media said on Tuesday.
Brazil’s Health Ministry over the weekend confirmed the country’s second case of the fast-spreading new coronavirus, diagnosed in a 32-year-old patient in São Paulo who had recently visited Italy and arrived on Thursday.
Gibraltar has started banning people entering from coronavirus-hit countries. In a document sent to the Japanese embassy in London, Gibraltar said it “may deny” entry to people who have visited any of 16 “dangerous countries” which have been hit by coronavirus.
Indonesia is tightening curbs on the transport of pigs and pork products after nearly 3,000 animals died in a new outbreak of African swine fever in an eastern province bordering East Timor, the agriculture ministry said on Friday.
Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle.
A growing number of discharged coronavirus patients in China and elsewhere are testing positive after recovering, sometimes weeks after being allowed to leave the hospital, which could make the epidemic harder to eradicate.
China’s beef imports will fall in the first half of 2020 due to fallout from the coronavirus outbreak, which is complicating the circulation of people and trade globally, Rabobank said in a report released on Thursday.
Covid 19 might not be a priority in Argentina at the moment, although there are some cases under observation, but what is really threatening is the mosquito-transmitted dengue with 152 cases confirmed in the province of Buenos Aires and some 3.000 in the northern provinces of Misiones and Corrientes.