epa08224864 A scientist works at the Doherty Institute in Melbourne, Australia, 18 February 2020. According to media reports, Australian Prime Minister Scott Morrison announced that the federal government will give two million Australian dollar to local researchers to find a vaccine for the novel coronavirus (SARS-CoV-2). The disease caused by the virus has been officially named COVID-19 by the World Health Organization (WHO). The outbreak, which originated in the Chinese city of Wuhan, has so far killed more than 1,800 people with over 73,000 infected worldwide, mostly in China. EPA-EFE/DAVID CROSLING AUSTRALIA AND NEW ZEALAND OUT
Leaders of the Group of 20 major economies pledged on Thursday to inject $5 trillion in fiscal spending into the global economy to blunt the economic impact of the coronavirus and “do whatever it takes to overcome the pandemic.”
Showing more unity than at any time since the 2008-2009 financial crisis that led to the G20’s creation, the leaders said they committed during a videoconference summit to implement and fund all necessary health measures needed to stop the virus’ spread.
In a statement containing the most conciliatory language on trade in years, the G20 leaders pledged to ensure the flow of vital medical supplies and other goods across borders and to resolve supply chain disruptions.
As many countries enact export bans on medical supplies, the G20 leaders said they would coordinate responses to avoid unnecessary interference
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