|

Coronavirus update: Italy reports almost 800 deaths, Russian army to send military help

Italy, the world’s worst-affect country by the coronavirus pandemic, reported a massive jump in the number of deaths that rose by 793 to 4,825 on Saturday, marking it the largest one-day rise since the contagion spilled over into the European economy.

The Civil Protection Agency said that confirmed cases rose to 53,578 from 47,021, There were 2,857 people in intensive care, up from 2,655. Lombardy, the northern Italian region around Milan, remains in a critical situation, with 3,095 deaths and 25,515 cases.

In this dire situation, Russia’s Defence Ministry said on Sunday, President Putin has ordered the Russian military to start sending medical help to Italy to help it to battle the infectious disease.

Interfax reported that Russia will send about 100 military specialists in virology and epidemics along with eight mobile brigades of military medics, special disinfection vehicles and other medical equipment.

Meanwhile, Russia reported 306 cases of the virus, most of them in Moscow, and one coronavirus-related death, per Reuters.

Other key updates

Spanish Health Ministry said on Sunday that another 394 had died in just the past 24 hours, bringing the total number of confirmed fatalities to 1,720. PM Sanchez is considering a possible extension of their country's state of emergency.

In the UK, the total cases of the infection stand at 233, as the UK PM Johnson expressed his concerns over the Italy-like situation in the Kingdom.

Across the Atlantic, about 24,000 cases of coronavirus have been reported in the US, with 306 deaths as on late Saturday. New Jersey, California, New York, Illinois and Connecticut have imposed restrictions to slow the spread of infections.

Australia's New South Wales and Victoria are ordered to be lockdown within 48 hours.  Australia has 1,098 confirmed cases as on early Sunday, with seven deaths recorded.

The Korea Centers for Disease Control and Prevention said that South Korea confirmed 98 new coronavirus cases on Sunday, with the total tally at 8,897. No new deaths reported.

Thailand reported 188 new coronavirus cases, bringing up the total to nearly 600 while confirming one death.

Singapore announced it will not allow any short-term visitors to transit or enter the city-state to fight against the virus spread. This comes after the country reported its first fatalities and confirmed 47 new cases, taking its tally to 432.

In India, about 350 people contracted the respiratory illness, with four deaths reported, according to the official government data released this Sunday. PM Modi called on the citizens to self-isolate and dramatically curb the movement to contain the rapid spread.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Editor's Picks

EUR/USD holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties. 

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty. 

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh.  Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week.  BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.