
The coronavirus outbreak hammered Brazil on Wednesday, crushing local markets, infecting more members of the country’s political elite and prompting loud protests against President Jair Bolsonaro, whose son waded into a diplomatic spat with China.

Chilean President Sebastian Piñera on Wednesday declared a 90-day state of catastrophe as cases of the new coronavirus mounted in the nation, giving the government extraordinary powers to restrict freedom of movement and assure food supply and basic services.

Brazilian president Jair Bolsonaro has so far escaped coronavirus contagion but his national security advisor, his mines and energy minister plus the Senate chief haven't been so lucky.

Brazil’s central bank on Wednesday cut its benchmark interest rate by 50 basis points to a record-low 3.75% to cushion the economic blow of the coronavirus pandemic but signaled no rush to cut again and emphasized the need for more economic reforms.

Treasury Secretary Steven Mnuchin on Wednesday vowed that unemployment would not reach 20%, seeking to clarify comments he made a day earlier on a worst-case economic scenario resulting from the coronavirus pandemic.

Russia, hit by falling oil prices and the coronavirus outbreak, has announced the formation of a US$4 billion fund as part of a package of measures to support the economy.

The Falkland Islands Government has announced a new air travel advisory and outlined the terms on which it may assist cruise ships seeking to repatriate passengers. Likewise, it strongly recommends foreign nationals seeking to leave the Falklands to do so on Wednesday, March 18, LATAM flight.

The number of Coronavirus cases tested positive are increasing significantly, in the exponential leg of the process, in Mercosur country members and in Chile. Brazil reported the first death, a 62 year old man in Sao Paulo with a medical record of high pressure and diabetes.

Brazil President Jair Bolsonaro said on Tuesday his second coronavirus test was negative and his government asked Congress to authorize a state of emergency that would allow it to scrap fiscal targets and free up funds to combat the virus’ spread.

By Sarah L. Caddy (*) – A Pomeranian dog in Hong Kong grabbed the international media's attention this week after scientists found traces of coronavirus in the canine. Following confirmation that the dog’s owner was positive for the virus causing COVID-19, the dog was taken from Hong Kong Island to a nearby animal quarantine facility. Subsequent tests performed on swabs collected from the dog’s nose and throat unexpectedly revealed coronavirus.