Get all your news in one place.
100's of premium titles.
One app.
Start reading
Radio France Internationale
Radio France Internationale
Business
RFI

Cheaper credit to combat global spread of virus as Italian death toll soars

The Chinese authorities claim that they have curbed the spread of the coronavirus. REUTERS/Remo Casilli

While authorities in China, where the outbreak began, have declared it "basically curbed", cases are multiplying around the world, sparking panic buying in shops, and wild swings on financial markets.

The seemingly relentless spread of the virus has now claimed its first victim in Central America, with a 64-year-old man dying in Panama on Tuesday. Indonesia also reported its first death.

China remains the hardest-hit overall with more than 80,000 cases and 3,000 deaths, out of a global total of 117,339 cases and 4,251 fatalities in 107 countries and territories, according to an AFP tally.

Beijing reported an increase in imported cases Wednesday, fuelling concerns that infections from overseas could undermine its progress in halting the spread of the virus.

Nevertheless, some companies in Wuhan, the Chinese city where the virus emerged late last year, are to be allowed to return to work -- a sign things are gradually returning to normal.

Coronavirus is infecting all walks of life, including politics, with US Democratic presidential hopefuls Bernie Sanders and Joe Biden both cancelling campaign rallies and British health minister Nadine Dorries saying she had tested positive.

And amid criticism of the US authorities' response, New York deployed the National Guard for the first time during the crisis to help contain the spread of the disease from an infection-hit suburb.

The Bank of England on Wednesday slashed its main interest rate to 0.25 percent in an emergency move to combat the fallout from the coronavirus outbreak on the UK economy.

 

Daily news briefReceive essential international news every morning

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.