STAN CHOE, LORI HINNANT and TIM SULLIVAN
Associated Press
NEW YORK (AP) — Schools shut down across much of Europe. Gatherings were canceled or banned from California to Germany. And the coronavirus reached directly into the world's centers of power Thursday, with politicians in Canada, Brazil, Spain and elsewhere either testing positive for the new virus or putting themselves in quarantine as fallout from the pandemic further upended daily life.
The crisis has wreaked havoc on businesses and financial markets, sending U.S. stocks to their worst losses since the Black Monday crash of 1987. European markets closed with one of the worst days in history.
"We are in a global panic," said Estelle Brack, an economist in Paris. "We are in the deep unknown."
The European Union pushed back a
