This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.theguardian.com/world/live/2020/mar/09/coronavirus-live-updates-outbreak-italy-lockdown-quarantine-uk-usa-america-australia-recession-fears-update-latest-news
The article has changed 50 times. There is an RSS feed of changes available.
Previous version
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
Next version
Version 2 | Version 3 |
---|---|
Coronavirus live updates: stock markets plunge on global recession fears | Coronavirus live updates: stock markets plunge on global recession fears |
(32 minutes later) | |
With cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumbling. Follow all the developments live | With cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumbling. Follow all the developments live |
Still in Australia, where Treasurer Josh Frydenberg is addressing the media. Asked about the concerns casual workers have over disruptions caused by the coronavirus outbreak, he says: | |
The ASX-200 is now down 5.8%. | |
Australian treasurer Josh Frydenberg says, “Australia is well prepared, economically, and we go into this challenge from a position of strength.” | |
Asked about today’s ASX tumble, Frydenberg says, “This is a very different situation to what we saw through the GFC, which was essentially, a problem with the banking and the financial system and issues of liquidity. We haven’t seen those same problems in relation to this health crisis.” | |
Australian treasurer Josh Frydenberg says the economic impact of Coronavirus is “very significant”. | |
Still in Australia for the moment, the ABC’s state political reporter in Perth Jacob Kagi said in a tweet that the fifth case in Western Australia contracted the virus from her husband, who had recently returned from Iran. | |
A fifth case of Covid-19 has been confirmed in Western Australia, the ABC reports. | |
In Australia, “as far as prioritising our testing capacity in coming weeks, the state government will be prioritising testing for health care workers,” says health minister Jenny Mikakos. | |
Victorian health minister Jenny Mikakos is briefing the media on the latest cases in the state. Asked whether she would like to apologise for her use of the word “flabbergasted” referring to the story of a doctor who presented to work last week with symptoms, she says: | |
“Look, I needed to stress – and I will continue the stress the fact – we need to be alive to the facts. This is a public health emergency of an unprecedented nature that our nation and that the entire global community is facing.” | |
In Australia, Victoria health minister Jenny Mikakos says, “We’ve increased in Victoria, the the biggest jump we have had so far. Three additional cases just today. A big jump from 10 to 15 cases in the last three days. | |
In Australia, Victoria health minister Jenny Mikakos is asked whether she wishes to apologise to Chris Higgins, the doctor who presented to work despite having flu-like symptoms and was later diagnosed as having Covid-19. | |
She responds by thanking all health care workers for their work. | |
“We will not make any apology for the fact that we will always prioritise public health,” she adds. | |
There are three additional cases today in Victoria. | |
Victoria health minister Jenny Mikakos is giving a press conference, she says there have been around three hundred presentations at hospitals in the state. | |
She is issuing a reminder to health care practitioners to not come to work if they are showing any symptoms and to stay away until those symptoms have completely gone away. | |
In Australia, Victoria health minister Jenny Mikakos is giving a press conference. In this emergency, “We cannot operate on fear or favour,” she says. | |
The trading day is under way in Japan and South Korea and it’s more of the same with the Nikkei down 4.5% as signalled by the futures market earlier. In Seoul, the Kospi index has lost 3%.US government bond yields have also sunk to new lows this morning, a sign of increasingly negative outlook on the global economy as investors take money out of risky assets such as shares and commodities (oil, for example) and put it into rock solid investments with a guaranteed return. Others safe havens such as the Japanese yen and gold have also risen in value. | The trading day is under way in Japan and South Korea and it’s more of the same with the Nikkei down 4.5% as signalled by the futures market earlier. In Seoul, the Kospi index has lost 3%.US government bond yields have also sunk to new lows this morning, a sign of increasingly negative outlook on the global economy as investors take money out of risky assets such as shares and commodities (oil, for example) and put it into rock solid investments with a guaranteed return. Others safe havens such as the Japanese yen and gold have also risen in value. |
The benchmark US treasury 10-year bond yield (basically the interest rate paid on government bonds) has fallen to 0.4949% in trade in Japan this morning. | The benchmark US treasury 10-year bond yield (basically the interest rate paid on government bonds) has fallen to 0.4949% in trade in Japan this morning. |