Archive for ‘stimulus package’

11/03/2020

WHO declares coronavirus pandemic as cases soar worldwide

  • Infections outside China have risen 13-fold, according to World Health Organisation
WHO Director General Tedros Adhanom Ghebreyesus speaks during a news conference in Geneva in February. Photo: Reuters
WHO Director General Tedros Adhanom Ghebreyesus speaks during a news conference in Geneva in February. Photo: Reuters

The World Health Organisation declared the coronavirus outbreak a pandemic on Wednesday, saying cases outside China have risen 13-fold.

The top infectious-disease specialist in the US told lawmakers the pathogen is 10 times more deadly than the seasonal flu.

Britain announced a US$39 billion stimulus package, hours after the Bank of England cut interest rates. Cases in Britain jumped 22 per cent to 456.

German Chancellor Angela Merkel pledged to do “whatever is necessary”, and the European Central Bank’s president warned of a significant shock.

Source: SCMP

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