Logo
Wednesday, 12 August 2020
Logo
The News and Media Division of The Insight Partners
Thursday, 19 Mar 2020 08:00 pm

Britain and Europe to face lockdown

With almost 219,000 infections and more than 8,900 deaths so far, the epidemic has stunned the world and drawn comparisons with traumatic periods such as World War Two, the 2008 financial crisis and the 1918 Spanish flu.

newsImage
 

The world’s wealthiest nations poured unprecedented aid into the reeling global economy on Thursday as coronavirus cases ballooned in the current epicenter Europe and London became the latest major center bracing for lockdown.

With almost 219,000 infections and more than 8,900 deaths so far, the epidemic has stunned the world and drawn comparisons with traumatic periods such as World War Two, the 2008 financial crisis and the 1918 Spanish flu.

“This is like an Egyptian plague,” said Argentinian hotelier Patricia Duran, who has seen bookings dry up for her two establishments near the famous Iguazu Falls.

“The hotels are empty - tourist activity has died.”

ourism and airlines have been particularly battered, as the world’s citizens hunker down to minimize contact and curb the spread of the flu-like COVID-19. But few sectors have been spared by a crisis threatening lengthy global recession.

On markets, investors have dumped assets everywhere, many switching to U.S. dollars perceived as a rare safe haven for money. Other currencies hit historic lows, with Britain’s pound teetering near its weakest since 1985.

Policymakers in the United States, Europe and Asia have slashed interest rates and opened liquidity taps to try to stabilize economies left almost comatose with quarantined consumers, broken supply chains, disrupted transport and paralyzed businesses.

The virus, thought to have originated from wildlife on mainland China late last year, has jumped to 172 other nations and territories with more than 20,000 new cases reported in the past 24 hours - a new daily record.

Germany, Iran and Spain’s cases hit over 12,000 each.

Read here

Tags Economy Britain Lockdown Coronavirus Pandemic Epidemic Europe

Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

media@smartmarketnews.com | sales@smartmarketnews.com

Contact Us
Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter

A PHP Error was encountered

Severity: Notice

Message: Undefined index: csrf_token

Filename: include/footer.php

Line Number: 149

Backtrace:

File: /home/smartmarketnews/public_html/application/views/include/footer.php
Line: 149
Function: _error_handler

File: /home/smartmarketnews/public_html/application/views/news_details.php
Line: 791
Function: view

File: /home/smartmarketnews/public_html/application/controllers/News_controller.php
Line: 227
Function: view

File: /home/smartmarketnews/public_html/index.php
Line: 315
Function: require_once

">
Follow Us:
© The News and Media Division of The Insight Partners 2019 | All Rights Reserved | Privacy Policy