The World Health Organization warns of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus via andrea_shalal StephNebehay Follow our live blog for coronavirus updates:
WASHINGTON/GENEVA - The World Health Organization on Tuesday warned of a global shortage and price gouging for protective equipment to fight the fast-spreading coronavirus and asked companies and governments to increase production by 40% as the death toll from the respiratory illness mounted.
Despite the Fed’s attempt to stem the economic fallout from the coronavirus, U.S. stock indexes closed down about 3%, safe-haven gold rose 3% and analysts and investors questioned whether the rate cut will be enough if the virus continues to spread.In Iran, doctors and nurses lack supplies and 77 people have died, one of the highest numbers outside China. The United Arab Emirates announced it was closing all schools for four weeks.
Health officials have said the death rate is 2% to 4% depending on the country and may be much lower if there are thousands of unreported mild cases of the disease. There are almost 91,000 cases globally of which more than 80,000 are in China. China’s death toll was 2,946, with more than 166 fatalities elsewhere.
New York state reported its second case, a man in his 50s who works in Manhattan and has been hospitalized.
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