World faces new ‘Great Depression’ as virus toll mounts

Brussels (AFP) – World powers scrambled on Thursday to build a global response to the human tragedy and once-in-a-century economic collapse caused by the coronavirus epidemic, as the worldwide death toll topped 90,000.In a locked-down New York, the UN Security Council was to meet on the pandemic for the first time. And, by video conference, EU finance ministers are wrangling over how to bail out their worst hit members Italy and Spain.The US coronavirus death toll jumped to over 15,774, according to the Johns Hopkins University, with more than 430,000 cases.New York State had recorded its sing…

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