Global markets plunge as virus cases spread beyond Asia

Global markets plunge as virus cases spread beyond Asia

Global markets plunge as virus cases spread beyond Asia

The new strain of coronavirus, which originated past year in China's Hubei province, has caused over 76,000 infections and 2,442 deaths in the country.

Meanwhile, the Italian authorities are calling off the famed Venice Carnival attended by thousands of revellers.

Officials in Italy also are responding to a surge in COVID-19 cases by issuing warnings for residents to stay home, and placing 11 towns on lockdown. The Dow Jones Industrial Average sank more than 1,000 points, its biggest decline in two years.

Mainland China in total had 508 new confirmed cases, up from 409 on February 23, bringing the total number of confirmed cases in mainland China so far to 77,658. A plane coming from Iran, a country which is now witnessing a developing number of infections, arrived in Lebanon on Thursday, February 20th, carrying a 45-year-old patient.

With 256 new cases of the novel coronavirus (COVID-19) in the Republic of Korea, 67 new cases in Italy, and 10 new cases in Iran, global health experts are concerned about increasing amounts of global spread.

He added, however, that countries should be "doing everything we can to prepare for a potential pandemic".

Tedros Adhanom Ghebreyesus also said, however, that a World Health Organization joint mission to China that concluded on Monday found that the virus there "peaked" between January 23 and February 2 "and has been declining steadily since then". Absolutely, it has. Are we there yet?

European stocks suffered their worst day since 2016 on Monday as coronavirus infections climbed in Italy, the eurozone's third-largest economy.

German man drives vehicle into Carnival crowd, injures 30
Police say the driver rammed the crowd in the north-central German town on Monday, about 70 miles southwest of Hanover. Chancellor Angela Merkel sent her condolences to those injured in the crash, wishing them a speedy and full recovery.

"Using the word pandemic now does not fit the facts, but it may certainly cause fear", he said. The fatality rate is 2-4% in Wuhan, China, and 0.7% outside of Wuhan.

The government is looking at "targeted tax reduction", interest rate cuts and payments to poor and virus-hit areas, said an assistant finance minister, Ou Wenhan.

The Minister said that "Iran has enough sanitary resources to battle the novel coronavirus disease", urging people to avoid public gatherings and sports events.

"So here at Shawnee county we really try to take a proactive approach to making sure we have all of the plans in place to make sure that we are prepared for the inevitability in what we ultimately have, whether it's a coronavirus case or any other disease". They must remain alert for the possibility of reintroduction.

It has spread to some 28 other countries and territories, with a death toll of around two dozen, according to a Reuters tally. Some 219 cases were reported, up from 152 on Sunday, said Angelo Borrelli, who is coordinating the emergency response, but maintained the situation is under control.

The WHO already declared a public health emergency of global concern, its "highest level of alarm", last month when there were fewer than 100 cases outside China and 8 cases of human-to-human transmission of the COVID-19 virus that started in China. Six people have died from the respiratory disease COVID-19 in Italy, and 27 more are in intensive care.

In Europe, Italy is the front line, with more than 280 cases and seven deaths, most in the northern Lombardy and Veneto regions but one case emerging in Sicily, the first in the country south of Rome.

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