Europe tightens lockdowns
March 23, 2020 - The hunt for ventilators and other medical supplies consumed the U.S. and Europe on Monday, as new coronavirus infections soared.
Italy's infections continued to spike Sunday, hitting 59,000 cases and 5,476 deaths, and the death toll in Spain has risen to 1,772.
As more people are working from home, Facebook is reducing video streaming quality in Europe to avoid straining the internet.
The company said it would temporarily lower so-called bit rates -- which measure how much data is being transferred -- following similar moves from YouTube, Netflix and Amazon.
Swiss Investment Bank UBS says that a deep recession in Europe is inevitable. The continent's economy could shrink by as much as 4.5% similar to the global financial crisis in 2008, even though the European Central Bank has pumped €750 billion ($820 billion) into the European economy.
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