Argentina's main stock exchange crashed by nearly 10% on Thursday as markets continued to panic over the coronavirus pandemic. The fall wasn't as bad as Monday's that reached almost 14% but it continued the week's general downward spiral across the region.
Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.
Disney announced on Thursday that it will be closing its theme parks at Walt Disney World Resort in Florida out of an abundance of caution as coronavirus concerns mount in the US.
President Donald Trump on Wednesday said the U.S. would restrict all travel from Europe for the next 30 days and use executive orders to offer financial relief to individuals and small businesses in his most extensive steps to date to address the crisis of the coronavirus.
The World Health Organization declared the novel coronavirus a pandemic on Wednesday as it spreads in more than 100 countries around the world. WHO defines a pandemic as “the worldwide spread of a new disease.” The determination is based on the geographic spread of a disease, the severity of illnesses it causes, and its effects on society.
German Chancellor Angela Merkel has warned that up to 70% of the country's population - some 58 million people - could contract the coronavirus. Mrs Merkel made the stark prediction at a news conference on Wednesday alongside Health Minister Jens Spahn.
The Bank of England (BOE), the UK's central bank, cut interest rates by 0.5 percentage points on Wednesday morning as part of an emergency response to the coronavirus, or COVID-19.
The National Basketball Association has announced that it will suspend all games after Wednesday night until further notice, following a player on the Utah Jazz testing positive for COVID-19. “The NBA will use this hiatus to determine next steps for moving forward in response to the coronavirus pandemic,” the association said in a statement.
Paraguay confirmed that five cases have tested positive to Covid-19, and announced it was closing all schools and universities, public and private, and suspending all public and private activities that involve crowding people, for the next fifteen days.
The Government of the Falklands updated its advice on travelling to the Islands, in response to a further change in the global COVID-19 situation. The Italian Government this week announced emergency measures across the entire country in response to the virus.