Covid-19: Global markets have biggest drop since crash of 2008 as coronavirus and panic spread – TheLiberal.ie – Our News, Your Views

Covid-19: Global markets have biggest drop since crash of 2008 as coronavirus and panic spread




Covid19 infections continue to soar globally with Iran’s semi-official ILNA news agency reporting on dozens have died and high-ranking government officials have test positive and global stock markets have plummeted further than any time since the 2008 financial crash.

Meanwhile more confirmed in Canada, Lebanon, and the United Arab Emirates and Australia have declared pandemic procedures have been initiated.

Two cases in Israel were also reported from passengers who returned to the country from the Diamond Princess cruise ship while Oman, Iraq, Afghanistan, Kuwait and Bahrain also reported cases of the coronavirus.

A confirmed case of the virus in Brazil marks the first of its kind in South America.

Covid19, or the Coronavirus as it’s also known, is also spreading rapidly in South Korea and the country which is known to have the longest work hours in the world a cultural work ethic that is second to none has advised people to “work from home” in a desperate bid to stop the spread.

Following Italy, other countries are considering suspending public events and football matches were cancelled while in Ireland the St. Patrick’s Day parade in Dublin is being considered for cancellation following the postponement of Ireland Six Nations clash with Italy on March 7th.

The country in which the virus has originated, China, continues to see the virus spread with the country’s National Health Commission recording almost 2,800 deaths and over 80,000 confirmed cases as of Thursday.

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