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Senate leaders and Trump administration reached an agreement early on 25 March 2020 on a USD2 trillion stimulus package. The stimulus will be released to rescue the economy from Coronavirus outbreak effect. Loans for small businesses that have been forced to close due to the outbreak will be released as a part of the economic stimulus.
New Zealand’s Prime Minister Jacinda Ardern declared a state of national emergency in the country on 25 March 2020. The country will go into a complete lockdown to combat the Coronavirus threat. Positive Coronavirus cases in New Zealand surged to 205 on 25 March 2020 as the government made self-isolation compulsory for everyone. All non-essential services, schools, and offices will be shut in New Zealand for a month.
A 7.5-magnitude earthquake struck Russia’s Kuril Islands on Wednesday, 25 March 2020 at 2:49 am UTC. The quake was measured at a depth of 59km (37 miles). It prompted a brief tsunami warning in Hawai and other nearby locations. Due to the strength of quake, hazardous tsunami waves were possible within 1,000 km of quake’s epicentre. However, no such instance was noted and the warning was taken back.
UAE government announced recently that the grocery stores, co-operative societies, supermarkets, and pharmacies will be exempted from the lockdown and remain open 24/7. It also urged restaurants to remain open only for home deliveries. These announcements were officially made by UAE’s Ministry of Health and Prevention (MoHAP) and National Emergency and Crisis and Disasters Management Authority.
After US Federal Reserve issued bond-buying plan, world stock markets rallied strongly on 24 March 2020. Oil trades also noticed a jump of 3%, trading at USD28 a barrel on the same day. European equities also charged higher amid eurozone collapsing. London stocks gained support as Britain implemented a nationwide lockdown recently.