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| - Here are the latest developments in the coronavirus crisis: The US Federal Reserve and other central banks unveil emergency measures to prop up the global economy. The Fed slashes its key interest rate to virtually zero -- its second emergency cut in less than two weeks. Nevertheless, stock markets and oil prices on Monday go into freefall. China announces its industrial output for January and February shrank 13.5 percent, the first contraction in around 30 years. Italian-American automaker Fiat Chrysler suspends production at most of its European plants until March 27. Group of Seven leaders hold a coronavirus summit via videoconferencing, in a bid to coordinate their actions and research efforts for a vaccine and treatments. On Tuesday the 27 leaders from the European Union will also meet via a crisis videoconference. As of 0700 GMT Germany introduces border controls with Austria, Denmark, France, Luxembourg and Switzerland. Only those with a valid reason for travel, like cross-border commuters and delivery drivers, are allowed through. Since the virus first emerged in late December, more than 169,710 cases have been recorded in 142 countries and territories, according to an AFP tally compiled at 1130 GMT on Monday based on official sources. The death toll stood at 6,640. The worst affected countries in terms of fatalities are mainland China, with 3,213 deaths, Italy with 1,809 deaths, 853 in Iran and 297 in Spain. A new coronavirus cluster linked to a South Korean religious group emerges, with 46 fresh cases -- nearly a third of its 135 worshippers -- at the Grace River Church near Seoul. A 65-year-old Bahraini woman dies from the virus, marking the first death from the disease among Gulf Co-operation Council states. In Iran a member of the clerical body that appoints the supreme leader dies from the virus. US airlines announce drastic reductions in flights after President Donald Trump's administration bans foreign travellers arriving from Europe. Air France-KLM says it will cut capacity between 70 and 90 percent over the next two months. IAG, the owner of British Airways and Spanish carrier Iberia, say it will slash the group's flight capacity by 75 percent during April and May. German tourism giant TUI says it will suspend the "majority" of its operations. After New York, Los Angeles orders all its bars and restaurants to close or go take-out only. In Las Vegas the group MGM Resorts shuts 13 of its casinos and hotels. France shutters all non-essential businesses and joins the long list of countries that have closed schools. On Sunday the first round of its municipal elections sees a record-low turnout. bur-paj-eab/wai
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