Disaster Declared in New York, States Shut Down: Virus Update

(Bloomberg) — President Donald Trump declared that a major disaster exists in the State of New York and ordered federal assistance to be given. New York City is closing all non-essential businesses from Sunday.NYC accounts for almost a third of confirmed U.S. coronavirus cases. More states followed New York and California in tightening restrictions on the public and business.U.S. stocks fell, capping their worst week since the 2008 financial crisis. Goldman Sachs warned the U.S. economy … Read more

US state governors impose tighter restrictions to slow coronavirus spread

New York, Illinois and Connecticut tell residents to stay homeTrump says no plans to mandate a national lockdownCoronavirus – latest updatesSee all our coronavirus coverageA growing number of US state governors are imposing tight restrictions on their residents to try to contain the coronavirus outbreak, including ordering tens of millions of residents to stay at home and all non-essential businesses to close, as the United States gradually moves into a form of lockdown.Illinois and Connecticut on … Read more

North Korea ‘fires two missiles’ in latest aggressive test

North Korea on Saturday fired two projectiles presumed to be short-range ballistic missiles into the sea off its east coast, Seoul’s military said. The projectiles were fired from North Pyongan province into the Sea of Japan, also known as the East Sea, the South’s Joint Chiefs of Staff said in a statement, without providing further details. “The military is monitoring for additional launches and maintaining readiness,” it added. Japan’s defence ministry said the North launched what … Read more

Watch: Trump denies shortage of tests. See Fauci’s answer

President Donald Trump told reporters there was not a wide-spread shortage of coronavirus tests in the US. Later in the White House briefing, top infectious disease expert Dr. Anthony Fauci said in reality the US is behind on testing capabilities because many Americans don’t have easy access to tests.

Here’s what a 90-day ‘stay home’ order means for New York

Governor Andrew Cuomo has ordered all non-essential businesses to shut down and for New Yorkers to remain indoorsGovernor Andrew Cuomo of New York has ordered the shutdown of all non-essential businesses in the state, as the number of confirmed coronavirus cases surged above 7,000. Except for essential services, all New Yorkers are now ordered to stay indoors for up to 90 days from 8pm Sunday evening.Cuomo called the new measures the “ultimate step” to curb the … Read more

Unemployment benefits snag stimulus talks, but optimism abounds

Bipartisan subgroups of senators charged with drafting a $1 trillion-plus stimulus plan to ease the economic pain of the COVID-19 pandemic emerged from separate meetings late Friday increasingly confident they’d strike deals that would let the massive package come to the floor over the weekend. More meetings were planned, and Democrats and Republicans said a major hang-up remained how to handle an expansion of unemployment insurance benefits for state offices that are overwhelmed with applicants.  The Senate’s … Read more

Volkswagen to close factories in Mexico to protect public health

German automaker Volkswagen will temporarily close its factories in Mexico’s Puebla and Guanajuato states in a bid to preserve public health, the company’s Mexican unit said in a statement on Friday, amid growing worries over the spread of the coronavirus. The decision follows other measures taken by the company in Mexico, including employee temperature checks at the plants as well as restrictions on travel and in-person group meetings.