Coronavirus outbreak: US Fed cuts rate in emergency move as death toll hits 65

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Photo: File WASHINGTON: The Federal Reserve intervened on Sunday in order to stabilise struggling economy and cut interest rates to near zero. New York City Bill de Blasio on Sunday said he was ordering restaurants, bars and cafes to only sell food on a take-out or delivery basis. He also said he would order nightclubs, movie theaters, small theater houses and concert venues to close.

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