
By Kristina Georgieva (*) – While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy.

Brazilian meatpackers JBS and Minerva Foods are considering suspending operations at some slaughterhouses in Brazil due to supply chain issues from China, JBS and sources close to Minerva said this week.

China hit out on Monday at Peru's Nobel literature laureate Mario Vargas Llosa for allegedly expressing “irresponsible and prejudiced opinions” over the origins of the coronavirus pandemic.

British supermarkets have called on consumers to be more considerate and reiterated they have adequate supplies, as the coronavirus saw shelves plundered and a surge in online orders. The country's leading grocery retailers, including Tesco, Sainsbury's and Waitrose, penned a joint letter to customers, which ran in newspapers on Sunday and Monday appealing for calm.

Britain has asked manufacturers including Ford, Honda and Rolls Royce to help make health equipment including ventilators to cope with the coronavirus outbreak and will look at using hotels as hospitals.

The novel coronavirus is becoming a financial and public-relations nightmare for the cruise industry, from failed quarantine attempts on ships to passenger lawsuits and a stream of cancellations.

The US has cut interest rates to almost zero and launched a US$ 700bn stimulus program in a bid to protect the economy from the effect of coronavirus. It is part of a coordinated action announced on Sunday in the UK, Japan, the Eurozone, Canada, and Switzerland.

France and Spain joined Italy in imposing lockdowns on tens of millions of people, Australia ordered self-isolation of arriving foreigners and other countries extended entry bans as the world sought to contain the spreading coronavirus.

Spain's King Felipe VI has renounced the inheritance of his scandal-hit father Juan Carlos. In a statement, the palace said that Juan Carlos, who abdicated in 2014, would also stop receiving an annual grant of €194,000 (US$ 217,100).

The Argentine Tierra del Fuego province government rushed some 400 passengers from a cruise vessel, by air, to Buenos Aires before the implementation of a coronavirus fourteen-day quarantine which becomes effective this Monday. The Norwegian flagged vessel Midnatsol arrived on Saturday to Ushuaia from Antarctica.