Categories: Market Overview

Italy closes most shops and restaurants as coronavirus death toll jumps 30% in 24 hours

Italy has tightened its nationwide lockdown further in response to the rising death toll from coronavirus, ordering all non-essential shops and services to close. Announcing the measures Wednesday evening, Italian Prime Minister Giuseppe Conte said supermarkets and pharmacies will be the only retailers to remain open in Italy.

The latest restrictions come as the virus death toll surged over 30% on Wednesday to more than 800 — the biggest daily jump since the start of the outbreak. Italy is already under a national lockdown restricting citizens’ movement and activities until April 3.

Conte said it was time to “go one step further” as he announced the closure of most commercial and retail activities with bars, restaurants and beauty salons among those ordered to shut. Public services remain in place and industrial production is allowed to continue, on condition that companies adopt safety measures to protect workers and prevent contagion.

The prime minister said the world was watching to see how Italy, now the country worst hit by the virus outside China, responds: “At this moment the whole world is certainly looking at us for the numbers of the contagion, they see a country that is in difficulty, but they also appreciate us because we are showing great strictness and great resistance,” Conte said in a Facebook address.

The World Health Organization (WHO) declared the coronavirus outbreak a pandemic on Wednesday. There are at least 118,381 confirmed cases of the virus worldwide, according to the latest figures from the WHO. At least 4,292 people have died globally, the WHO said.

Italy closes most shops and restaurants as coronavirus death toll jumps 30% in 24 hours, CNBC, Mar 12

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This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

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