Medical personnel transport the first patient affected by COVID-19 to an ICU tent a Samaritan’s Purse Emergency Field Hospital on March 20, 2020 in Cremona, near Milan, Italy.
Emanuele Cremaschi | Getty Images
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All times below are in Beijing time.
8:05 am: Italy’s death toll crosses 5,000
The Italian health ministry said as of 6 p.m. local time on March 22, at least 5,476 people have died due to COVID-19, the respiratory disease caused by the new coronavirus. There are 59,138 reported cases in total, where about 7,024 people have recovered.
In an attempt to try and contain the virus, Rome has now ordered that all businesses that are not providing essential supplies or services must close until April 3, Reuters reported.
Italy is already under a heavy lockdown where public movement is restricted and many establishments are closed. — Saheli Roy Choudhury
7:38 am: Asia-Pacific stocks set for another day of declines
Stocks in Australia plummeted in early trade on Monday as fears over the economic impact of the global coronavirus outbreak continue to weigh heavily on investor sentiment.
The S&P/ASX 200 dropped 7.65% in early trade as the sectors mostly fell. The heavily weighted financial subindex dived more than 9%, with shares of the country’s so-called Big Four banks all selling off steeply: Australia and New Zealand Banking Group fell 9.61%, Commonwealth Bank of Australia dropped 8.01%, Westpac declined 10.27% while National Australia Bank slipped 10.15%. — Eustance Huang
All times below are in Eastern time.
7 pm: UAE suspends all passenger and transit flights to and from the country, state news agency says
The United Arab Emirates suspended all passenger and transit flights to and from the country for two weeks over coronavirus fears, state news agency WAM said on Sunday citing National Emergency and Crisis and the Civil Aviation Authority.
WAM added the decision will take effect after 48 hours and will last for two weeks, subject to review and evaluation. –Reuters
6:45 pm: Coronavirus stimulus bill fails in key Senate procedural vote
A massive funding package to combat the impact of coronavirus did not get enough votes in a key Senate procedural vote Sunday evening.
The stalemate came hours after Democratic leaders warned that the bill was not to their liking because they said it did too much to bail out companies and not enough to help workers. Stock futures cratered as the two parties failed to agree on the terms of the package.
Still, President Donald Trump expressed optimism that lawmakers would eventually reach a deal. “I think you’ll get there,” Trump told reporters at the coronavirus task force press briefing shortly after the vote became final. –Lauren Hirsch, Leslie Josephs
6:30 pm: Airbus says plants will reopen at slower production rate