He says the shock from the Covid-19 disease could be large and sharp but should be temporary. Bank Rate is now back to the record low it reached after 2016's Brexit referendum. The central bank also announced a new Term Funding Scheme, which is estimated to be around £100 billion which is created to provide help for small and medium businesses which might find their cashflow interrupted by the coronavirus-linked slowdown.
White House sources say the options will include paid sick leave and emergency help for small businesses. Pressure has been growing on Trump to take more decisive action in response to the coronavirus , as the number of cases in the US and worldwide continues to grow.
One resident tested negative, and three tests were inconsistent. In total, 22 people died in Washington state. The infected nursing home patients were not immediately being moved to hospitals. Most of the deaths confirmed so far in this state have been associated with the Kirkland nursing home. Health officials said that one of the 19 victims was a tourist, not a resident.
Ultimately, Qantas noted that it would not "exit routes altogether", but rather reduce flight frequency and use smaller aircrafts. Qantas' decision to ground the majority of its double-decker fleet follows the decision by German flag carrier Lufthansa to ground all 14 A380s until at least May after the airline reported a 35 percent load factor on flights operated by the aircraft.
US stocks plunged again Monday on fears of a global economic slowdown on the heels of the coronavirus outbreak combined with an oil price war led to the Dow Jones Industrial Average losing 2,000 points at closing, its largest ever single day drop in points, as progressives called on the government to prioritize the interests of working people over the 1%.
Despite sliding demand for crude due to the coronavirus , Riyadh made plans to ramp up output next month after Moscow balked at OPEC's proposal last week for a further steep production cut. Both countries are heavily dependent on oil revenues for their state budgets. "We're going to see much less expensive gas across the nation", she said.