Coronavirus News Asia

US leads stimulus drive, EU shuts borders

The United States led a multi-billion dollar global fight-back against economic havoc wreaked by the coronavirus Tuesday and Germany’s chancellor announced the shutting of EU borders to stem the pandemic’s ferocious spread.

After coming under criticism that they were mismanaging the response, both London and Washington announced massive economic stimulus packages.

President Donald Trump said the White House was discussing a “substantial” spending bill with Congress that would include immediate cash payments to US citizens in a bid to pull the economy from growing fears of recession.

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