Fresh signs of a cooling economy calmed inflation worries
markets1 hour ago
Italy ordered a virtual lockdown across much of its wealthy north on Sunday, including the financial capital Milan, in a drastic new attempt to try to contain a rapidly growing outbreak of coronavirus.
The unprecedented restrictions, which aim to limit gatherings and curb movement, will impact some 16 million people and stay in force until April 3.
Meanwhile, Saudi Arabia on Sunday cordoned off the eastern region of Qatif in a bid to contain coronavirus as the total number of cases rose to 11. The lockdown on Qatif, home to around 500,000 people, is the first action of its kind across the Gulf region. Saudi Arabia also suspended schools, universities and other educational institutions over coronavirus fears, state media reported.
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