The European Central Bank signaled it’s ready to buy more debt of nations such as Italy to calm mounting financial panic, and pushed back against political criticism of President Christine Lagarde’s handling of the coronavirus crisis.
China's leader visited the epicenter of the global coronavirus epidemic Tuesday, state media reported, in a sign authorities in the country believe the threat from the illness that has stoked fears of a worldwide recession was diminishing.
Six days after the first patient showing symptoms of the coronavirus died in Italy, the number of victims and infected people from the novel virus in the country continues to the rise. Seventeen people have died so far while 650 have been infected, most of them in the north of the country. All victims were elderly or had preexisting conditions and some 45 have recovered.
Former prime minister Matteo Renzi said Italy’s government could collapse after his small party boycotted a cabinet meeting over a contested justice reform and the prime minister suggested he was ready to resign.