Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the United States will soon reach a deal on a US$ 2 trillion coronavirus economic package.
A cruise ship with more than 1,800 people aboard - including 42 complaining of flu-like symptoms - was prevented from docking in Chile due to fears over the coronavirus.
Brazil’s President Jair Bolsonaro laid to rest a diplomatic spat with China in a call with President Xi Jinping on Tuesday, with the two agreeing to work together to fight coronavirus as Brazil’s largest city went into lockdown.
The first known death of a child due to COVID-19 in the United States was a teenager in previously good health, Los Angeles Mayor Eric Garcetti said on Tuesday.
South Korea said it will send medical equipment to the United States to fight the coronavirus if it has any spare after an urgent request from US President Donald Trump in which he promised to help Korean firms gain US government approval.
Japan on Wednesday started the unprecedented task of reorganizing the Tokyo Olympics after the historic decision to postpone the world's biggest sporting event due to the coronavirus pandemic that has locked down one-third of the planet.
Barcelona forward Lionel Messi and Manchester City manager Pep Guardiola have each donated one million Euros (US$1.08 million) towards the fight against coronavirus.
Argentina does not plan to resume debt payments to the International Monetary Fund (IMF) for five years, buying time to pull the economy out of a worsening recession after the coronavirus outbreak led the government to impose a stay-at-home order until the end of March which also put the brakes- on activity
By Nicholas Clapham (*) – The UK government has introduced legislation as part of attempts to manage the coronavirus outbreak, handing the government wide-ranging powers to respond to a variety of emergency situations.
The World Bank and IFC’s Boards of Directors approved an increased US$ 14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, and treatment, and support the private sector.