Markets around the world fell sharply Friday on fears that Coronavirus may cause global economic recession with Asian stocks leading the slump.
These are other Friday’s major developments:
*On Friday, the Vatican announced that one patient has tested positive to the virus in a clinic within the city state. The clinic has now suspended all non-essential appointments.
*Asia Development Bank economists say potential impact of the virus on global economy could be as high as $347bn.
*A row has broken out after Japan authorities imposed a two weeks compulsory quarantine on South Korean visitors.
*Bethlehem a popular Christian destination has been put under quarantine after seven persons were diagnosed with the Coronavirus there.
*China where the virus was first diagnosed, says of the 17 new cases detected Friday outside of the epicenter of Hubei, 16 of them came from abroad.
*The UK Friday reported the first death of its national, a woman in her 70s and who had other health problems.
*In the US, a helicopter is dropping testing kits to a quarantined cruise ship.
*In Australia, the people are buying up toilet paper en masse because of fears they could run out if forced to self-isolate and this is despite assurances by the government that there will be no shortage.
*In India, authorities of Bollywood have cancelled the Oscar equivalent due to hold from March 27. India has 31 confirmed cases so far.
*In Thailand, a British man who travelled from London is the latest there to test positive of the Coronavirus. Thailand, a popular tourist destination already has 48 confirmed cases
