Coronavirus outbreak at a ‘decisive point’: WHO
GENEVA/DUBAI - All countries need to prepare to combat the coronavirus, the World Health Organization said on Thursday, as authorities raced to contain the epidemic’s rapid global spread and Wall Street looked set for its biggest weekly fall since the 2008-2009 financial crisis.
The death rate appears to be around 2 percent, although it could be lower if there are many mild, undiagnosed cases, experts say. The head of the WHO’s emergency program, Dr. Mike Ryan, said discussions were being held with organizers about the fate of the 2020 Olympics, scheduled for July in Tokyo, although no decision was expected soon.
Global equity markets have dropped for six straight days, wiping out more than $3.6 trillion in value .MIWD00000PUS.finished 12% below its Feb. 19 record close, marking its fastest correction ever in just six trading days, while the Dow registered a record one-day points drop, which was also its fourth 1,000-point decline in history and the second this week.
President Donald Trump’s administration was considering invoking special powers to rapidly expand U.S. production of protective gear, two officials told Reuters. [nL2N2AR1RK]
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