Coronavirus Economic Threat

Australian Foreign Minister Marise Payne has cautioned China against attempts at "economic coercion" as Australia pushes for an investigation into the coronavirus pandemic that China opposes.

The biggest economic shock since the 2008 financial crisis is raising the risk of a worldwide recession.

The US Federal Reserve on Tuesday led the global charge in response to the growing economic risk posed by the new coronavirus, announcing an emergency interest rate cut after the UN health agency said the world has entered "uncharted territory."

Australian Foreign Minister Marise Payne has cautioned China against attempts at "economic coercion" as Australia pushes for an investigation into the coronavirus pandemic that China opposes.

The biggest economic shock since the 2008 financial crisis is raising the risk of a worldwide recession.

The US Federal Reserve on Tuesday led the global charge in response to the growing economic risk posed by the new coronavirus, announcing an emergency interest rate cut after the UN health agency said the world has entered "uncharted territory."