Global stock markets jumped in response to news that Europe’s largest economies were imposing nationwide restrictions almost as severe as those that drove the world economy into its deepest recession in generations this year.
“The virus is circulating at a rate that not even the most pessimistic predictions expected,” Macron said in a televised address.
ABACA
“Like all of our neighbors, we are inundated by the sudden acceleration of the virus.
“We’re all in the same position: Overrun by a second wave that we know will be more difficult and deadly than the first.”
Under the new French measures, which will go into effect on Friday, people will have to stay in their homes except to buy essential goods, seek medical attention, or exercise for up to an hour a day. You can go to work if your employer thinks it is impossible to do the work from home. The schools remain open.
Germany will close bars, restaurants and theaters from November 2nd to 30th as part of measures agreed between Ms. Merkel and the heads of the regional governments. The schools remain open and the shops are allowed to operate with strict access restrictions.
“We have to take action now,” said Ms. Merkel.
“Our health system can still handle this challenge today, but at this rate of infection it will reach the limits of its capacity within weeks.”
Your finance minister Olaf Scholz wrote on Twitter: “November will be a month of truth. The increasing number of infections is forcing us to take tough countermeasures to break the second wave. “
France has recorded more than 36,000 new cases every day. Germany, which was less affected than its European neighbors earlier this year, saw its cases rise exponentially.
Chancellor Angela Merkel
Reuters Pool
A new wave of infections set records in the United States, six days before election day. President Donald Trump has downplayed the virus and is showing no sign of canceling public rallies, where his supporters often refuse to wear masks.
The European stock markets closed on Wednesday at their lowest level since the end of May. In the US, the S&P 500 fell three percent.
People in Australia need to be at least 1.5 meters away from others. Check your jurisdiction’s restrictions on collecting limits. If you develop cold or flu symptoms, stay home and schedule a test by calling your doctor or contacting the Coronavirus Health Information Hotline on 1800 020 080.
News and information are available in 63 languages at sbs.com.au/coronavirus.
Please check the relevant guidelines for your state or territory: NSW, Victoria, Queensland, Western Australia, South Australia, Northern Territory, ACT, Tasmania.
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