Italy Grapples With Worst Coronavirus Outbreak Outside Asia

MILAN—Part of Italy’s financial heartland woke up below a quarantine on Sunday with a lot more than 50,000 men and women not authorized to leave their cities, as the region began to grapple with the worst coronavirus outbreak exterior of Asia.

The to start with financial effects strike Milan, the engine of Italy’s economic climate, which is just 40 miles from the outbreak’s epicenter. Trade reveals, soccer matches and other general public activities were being canceled. The mayor of Milan, Italy’s 2nd-major metropolis with about 1.four million inhabitants, explained the city’s universities will be…

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World Economy Shudders as Coronavirus Threatens Global Supply Chains

HONG KONG—The past time a coronavirus outbreak strike China in 2003, the world-wide overall economy emerged comparatively unscathed. Now, almost two decades later on, the development-damping outcomes of a comparable pathogen threaten to ripple all-around a earth remodeled by China’s increase. Chinese use and creation electric power development from Asia […]