New York, Los Angeles shut bars, restaurants as central banks coordinate coronavirus steps

United States
Empty chairs are seen near Hudson yards in the Manhattan borough following the outbreak of coronavirus (COVID-19), in New York City, U.S. March 15, 2020. REUTERS/Jeenah Moon
The governing authorities in New York and Los Angeles have ordered the shutting down of bars, restaurants, theaters and movie houses to combat the spread of the coronavirus pandemic as central banks around the world took aggressive steps to cushion the economic impact of the disease.

The U.S. Federal Reserve slashed interest rates, for the second time in less than two weeks, to near zero and other central banks followed suit but stock markets and the dollar continued to tumble.


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