Showing posts with the label Live Updates

Coronavirus | Live Updates: More countries shut their borders to slow the spread of coronavirus as death toll climbs

Siobhán O'Grady 29-37 minutes - Source: The Washington Pos t Here are some significant developments: The virus continued to spread globally, with Italy announcing a record number of deaths on Wednesday and Spain reporting a similarly alarming death-toll spike on Thursday. But new numbers out of China may offer a glimmer of hope: The country reported no new locally transmitted cases the previous day for the first time since the outbreak began late last year. The European Union’s top Brexit negotiator Michel Barnier, 69, said Thursday that he has tested positive for the virus. On Wednesday, U.S. Reps. Ben McAdams (D-Utah) and Mario Diaz-Balart (R-Fla.) both announced positive tests; they are the first confirmed cases in Congress. As confirmed cases topped 200,000, Australia and New Zealand closed their borders to everyone except citizens and residents. United Arab Emirates went further, stopping expatriate residents from return

Live Updates: U.S. stocks nosedive, trading paused as emergency Fed action fails to mollify investors

Taylor Telford 14-17 minutes - Source: The Washington Post There was some recovery in the Dow by early afternoon, with the blue-chip index paring its losses to 1,935 points, or 8.4 percent. But the slumps in the S&P 500 and tech-heavy Nasdaq widened to 8.6 and 8.3 percent, respectively. The Dow erased most of the nearly 2,000-point jolt it got Friday after President Trump issued an emergency declaration over the coronavirus pandemic, which has disrupted nearly every aspect of American life and threatens to catapult the United States into recession. On Saturday, the House passed legislation, backed by Trump , that would spend billions of dollars on medical tests, paid sick leave for affected workers and unemployment insurance. After an emergency meeting Sunday, the Federal Reserve announced that it would slash the benchmark interest rate to between zero and 0.25 percent (down from a range of 1 to 1.25 percent) and buy $700 billion in Treasury bonds and

Live updates: China delays political meetings as Xi warns of coronavirus crisis; Wuhan backtracks on easing travel curbs

Adam Taylor 21-26 minutes - Source: The Washington Post In a speech to party officials a day earlier, President Xi Jinping warned that the outbreak was a “crisis” that would inevitably jolt the country’s economic development, but pledged that the disruption would be temporary and manageable. Meanwhile, China abruptly backtracked on an earlier announcement that it would relax travel restrictions on the coronavirus -hit city of Wuhan, amplifying concerns about the government response to the outbreak. Here are some other key developments: ● Official figures released Monday showed there had been 409 new cases of the novel coronavirus and 150 new deaths from the outbreak in China by the end of Sunday, bringing the total confirmed cases to 77,150 with a cumulative death toll of 2,592. The majority of the new cases — 398 — were in Hubei province, as were all but one death. ● Wuhan’s epidemic prevention and control headquarters announced M