Lockdowns, tanking stocks: Virus fight shifts to Europe, US | Inquirer News

Lockdowns, tanking stocks: Virus fight shifts to Europe, US

/ 07:22 AM March 17, 2020

MADRID  — The global battle to contain the coronavirus reached a new level of urgency Monday, as governments locked down their borders, a new wave of closures and restrictions kept more than 500 million students at home, and pleas went out to funnel masks and ventilators to places struggling with soaring caseloads.

A man adjusts his face mask as he walks past a mural of a crying woman in Rome’s Trullo neighborhood, Monday, March 16, 2020. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/Alessandra Tarantino)

The growing sense of crisis rocked global financial markets, particularly on Wall Street, where the Dow Jones Industrial Average plunged 12.9 percent. Investors’ fears that the outbreak will throw the global economy into a recession sent the market to its worst one-day loss since 1987.

he shifting fronts in the battle were made clear by figures showing that cases outside China — where the virus originated — surpassed those inside its borders for the first time. Spain officially became the fourth-most infected country in the world, surpassing South Korea.

ADVERTISEMENT

With the number of cases worldwide topping 181,000, a surge of patients in Madrid’s hospitals fueled worries across Europe of what lies ahead.
“There is no easy or quick way out of this extremely difficult situation,” said Mark Rutte, the prime minister of the Netherlands, in the first televised speech by a Dutch premier since 1973.

FEATURED STORIES

Only China, Italy and Iran have more confirmed cases of COVID-19 than Spain, where the number of infections increased overnight by roughly 20%, to 9,191, and the number of fatalities rose to 309, according to the Spanish Health Ministry. The actual figure was presumed to be even higher, because Spain switched to a new system of reporting.

A somber Rutte told viewers that “a large part” of the Netherlands’ 17 million people are likely to contract the virus. So far, 1,413 people have tested positive and 24 have died. The government has ordered schools, restaurants and bars closed until April 6 and banned gatherings of more than 100 people.

Countries from Canada to Switzerland, Russia and Malaysia announced sharp new restrictions on the movement of people across their borders.

“We have a window of time at the moment to slow the spread of the virus,” said Ulrike Demmer, a spokeswoman for Germany’s government, which reversed its earlier insistence that border controls would not work. It imposed new limits on crossings with France, Austria, Switzerland, Denmark and Luxembourg, after cases of the virus increased by more than 1,000 over 24 hours.

Around the world, ever-changing rules and directions tore up the script for daily life.

Ireland ordered all pubs and bars to close for two weeks — including on Tuesday, St. Patrick’s Day.

ADVERTISEMENT

In the Croatian capital of Zagreb, officials in charge of the city’s cemeteries restricted attendance at funerals to only the closest relatives of the deceased, to avoid spreading the virus.

In the U.S., casinos went dark not just in Las Vegas, but also in at least 14 other states. From Alaska to New York, restaurants and bars were ordered either to shut down or to restrict their services to delivery and takeout.

Malaysia’s leader announced a drastic two-week lockdown, with travel in and out of the country banned and only essential services allowed to remain open. The first confirmed cases of COVID-19 were reported in Somalia, which has one of Africa’s weakest health systems after nearly three decades of conflict between the government and the al-Qaida-linked al-Shabab extremist group.

In France, officials imposed nationwide restrictions on residents’ movement, allowing them to leave home to buy food, go to work, or other essential tasks.

French President Emmanuel Macron said the government decided to order the restrictions because people hadn’t complied with earlier guidelines and “we are at war.”

School closings in 56 countries kept more than 516 million students home, the United Nations said. New York City joined those ranks Monday, closing a school system with 1.1 million students.

European Commission President Ursula von der Leyen sugggested a 30-day ban on people entering the bloc for non-essential travel reasons.
“The less travel, the more we can contain the virus,” she said in a video message.

A number of EU member countries have, so far, resisting such far-reaching controls. But many went ahead Monday with measures to sharply curtail activities inside their borders.

In Switzerland, the city-state of Geneva banned gatherings of more than five people, though exceptions were made for business meetings that followed public health rules.

Switzerland’s government declared a state of emergency, ordering shops, restaurants, bars and other facilities shut down. The measures exclude health-care operations as well as supermarkets, but also include entertainment and leisure facilities, which will be closed until April 19.

“We need to do everything possible to slow the advance of the coronavirus,” Swiss President Simonetta Sommaruga said, urging people to practice social distancing and follow government guidelines.

In the United States, officials urged older Americans and those with chronic health conditions to stay home, and recommended functions be capped at 50 people.

Americans returning from abroad encountered chaotic airport health screenings that clearly broke all virus-fighting rules against having packed crowds close together.

For most people, the coronavirus causes only mild or moderate symptoms, such as fever and cough. But severe illness can occur, especially in the elderly and people with existing health problems. Worldwide, more more than 7,000 people have died. Over 78,000 have recovered, most of them in China.

Still, some countries have resisted more stringent measures to contain the virus.

In Britain, bars and restaurants remained open and there was no ban on large events. Prime Minister Boris Johnson’s spokesman said closing schools hadn’t been ruled out, but “the scientific and medical advice is that that’s not a step which we should be taking at this point in time.”

At the same time the British government was asking manufacturers, including automakers such as Ford and Rolls-Royce, to make ventilators for coronavirus patients. Health Secretary Matt Hancock told Sky News that the U.K. had about 5,000 ventilators but would need “many times more than that.”

In China, thousands of workers headed back to jobs at factories desperate to get production going again, as the virus ebbed. In South Korea, only 74 more cases were reported.

But authorities urged vigilance to keep hard-won gains against the microscopic foe.

“If we loosen our grip on the quarantine,” the South Korean Dong-a Ilbo newspaper said in an editorial, “it could be just a matter of time for the embers of small-scale cluster infections to be revived.”

Italy reported another jump in infections Monday, up more than 3,000 to 27,980. With 2,158 deaths — including 349 more in just the last 24 hours — Italy now accounts for well over a quarter of the global death toll. Cases, however, slowed in Lombardy, the hardest-hit region.

In Spain, a cut in the frequency of commuter trains created considerable crowds during rush hour Monday Atocha, one of Madrid’s main train stations.

Wearing blue latex gloves, cleaner Mari Carmen Ramírez said she, like many others, couldn’t afford to risk her salary of 950 euros ($1,042) per month.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

“I fear the coronavirus, but I fear more not being able to pay the utility bills,” the 55-year-old said. “When this is all over, how are we going to eat?”

GSG

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link.

TAGS: Coronavirus, COVID-19, Europe, lockdown, Virus

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.