As per the latest updates over 113,000 people worldwide have already been infected by Coronavirus, resulting in more than 4000 deaths. Mainland China is still the most affected region in the world where the outbreak first emerged, but the rate of infection is significantly dropping in the country. Meanwhile, it continues to spread across the hundred countries. Some other countries like South Korea also reported slowdown in the virus speed. South Korea reported the least number of daily confirmed cases on Tuesday after carrying out a nationwide screening program test of more than 190000 people.

 

Meanwhile, in other countries, Coronavirus continuous to the threat to global health, resulting in total lockdown in Italy and various states of Iran and Mongolia as well. More than 9000 confirmed cases, Italy becomes the second most affected region after China, which has reported over 80000 confirmed cases so far. The entire country some 60 million people in lockdown by the Italian government to contain the virus to tackle the coronavirus outbreak that has killed 463 people and affected more than 9,000.  Italy has now 9172 infected and 463 that with 733 severe cases. Also, the travel ban in imposed on all sort of arrivals from Italy as per latest instructions by Austria’s chancellor.

 

Spain also reported 1622 cases and 30 deaths so far, which makes it the second most affected country in Europe just after Italy. Greece also lockdown at schools and universities nationwide for two weeks after 89 confirmed cases. Smoking of shisha in all cafes and restaurants in Qatar is also banned as a preventive measure against Coronavirus. Other countries like Germany, Poland and the Czech Republic close also close down its schools and put a temporary ban on all the events and gatherings of more than a hundred peoples. Coronavirus kills 54 individuals in Iran in a day, raising loss of life to more than 290, as Morocco affirms first death. Similarly, in the UK, another person has died from Coronavirus taking the tally up to 6 as the confirmed cases grow to 373, up from 319 the day before. All flights of British Airways are already cancelled to and from Italy after the country was put on lockdown until next month.

 

Along with these, the United States also reported a massive increase in the number of cases where the virus is spread across 20 new States. The total number of cases in the United States are now more than 570, resulting in total deaths of 26. But according to the experts, the actual number of cases can be much more than reported because of lack of testing. Among the 35 patient tested in Washington nursing, 31 of them were found infected with the virus.

 

New York’s senator reported a one-mile “containment zone” would be made in New Rochelle, constraining “major gathering spaces” to check the spread of the infection. New Jersey authorities announced the first death in the state from the Coronavirus.

 

Trump’s new chief of staff Mark is also under self-quarantine for 14 days after coming in contact with an individual at CPAC who was tested positive for Coronavirus. According to US Vice president, he is not being tested for Coronavirus, and he said he is not sure about Trump.

 

Also, the employees like Amazon and Boeing ask their employees to work from home in affected areas. Along with Amazon Microsoft and other companies offering more than $2.5M as a response fund. This will help recovering workers who cannot take sick leave people without health insurance and healthcare workers.

 

Not only health crisis world is facing the worst economic crisis since the great recession of 2008. The virus is likely to cost the economy one trillion dollars during this year. Oil prices are dropped about 25% (there worst since 1991) in New York, and London down stock markets in Europe and Asia. in your trading was briefly suspending after stocks for 1800 points within few minutes. Meanwhile, China seems to have passed the peak of the crisis, and it is returning to stability. Japan announced the second package of measures worth about $4bn in spending to subsist with the fallout, focusing on providing support to small and mid-sized firms, amid mounting concerns about the fragile economy.

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