Bars, restaurants, cinemas and schools were shutting down from New York and Los Angeles to Paris and Dubai in a worldwide effort to combat the coronavirus pandemic, as financial markets tumbled despite emergency action by global central banks. Germans were asked to cancel all vacations as Canada, Chile and other countries closed their borders to visitors. Peru deployed masked military personnel to block major roads while Ireland launched a campaign to recruit more healthcare workers. Airlines slashed flights, shed jobs and asked governments for billions of dollars in loans and grants. In contrast to much of the world, Mexico and Brazil still held large political rallies and the United Kingdom kept its schools open. Global markets reeled on Monday, with U.S. stock indexes plunging more than 12% as the Federal Reserve’s second emergency rate cut to near zero stoked fears of a coronavirus-driven recession. [.N] [MKTS/GLOB] EU […]