Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here. “We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and it is a deep plunge,” Bank of America U.S. economist Michelle Meyer ... Read More »
The number of people who have died from the coronavirus in Italy has hit 3,405, according to Reuters, meaning the country has now reported more deaths than China as a result of the pandemic. The death toll in China, where the coronavirus started in Wuhan, in Hubei province late 2019, ... Read More »
As of Thursday, March 19th, the total of coronavirus cases in Lebanon has become 149 after 16 new cases were confirmed by the Ministry of Public Health. In its daily COVID-19 report, the ministry stated: “From February 21st until March 19th, 2020, the total of laboratory-confirmed COVID-19 cases has reached ... Read More »
After exiting the Council of Ministers’ meeting on Thursday, Health Minister Hamad Hasan cautioned that the coronavirus epidemic has reached a more dangerous level in Lebanon. What especially caught the public’s eye about today’s government session was the sight of the blue cloths covering the faces of Lebanon’s officials. This ... Read More »
China’s health commission says all of Wednesday’s new cases were recent overseas arrivals, as Australia and New Zealand close borders to foreign arrivals For the first time since the coronavirus outbreak started, China has reported no new domestic transmissions of Covid-19, a major milestone in the country’s fight against the ... Read More »
Finance Minister Ghazi Wazni said the cabinet will likely approve the capital control law during its next meeting, with emphasis on protecting the rights of depositors, al-Joumhouria daily reported on Wednesday. “There is a high possibility that the cabinet is to approve on Thursday the capital control law,” he said, ... Read More »
The new coronavirus will infect half of the global population and have a fatality rate of up to 3%, analysts said Wednesday. “We assume that the virus will infect around 50% of the world population; 20% of the cases will be severe, and 1-3% will result in deaths,” analysts from ... Read More »
The euro area is under pressure once again as the coronavirus outbreak shakes up countries in the bloc and brings historic differences to the fore. The euro zone, in which 19 countries share the same currency, has struggled to grow since the sovereign debt crisis of 2011. At the time, ... Read More »
The World Health Organization is considering “airborne precautions” for medical staff after a new study showed the coronavirus can survive in the air in some settings. The virus is transmitted through droplets, or little bits of liquid, mostly through sneezing or coughing, Dr. Maria Van Kerkhove, head of WHO’s emerging diseases and ... Read More »
Prime Minister Hassan Diab highlighted that the recent coronavirus development tops our priorities, adding that the Government is carrying out its duties to protect the Lebanese without negligence, and working to limit the spread of this virus; and the results are so far positive. He then mentioned that the feedback ... Read More »
Lebanese Ministry of Information
