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Washington state reported two more deaths, bringing the number of fatalities in the U. The U. Federal Reserve delivered an emergency interest-rate cut, and the Group of Seven finance chiefs pledged to use all policy tools to support the global economy but no direct action was taken. Infections rose again in South Korea and Iran, where more officials were diagnosed. The International Olympic Committee urged athletes to keep preparing for the Tokyo games amid concern the outbreak could quash that event. Click VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here.
News Digital The Commission will suggest on Wednesday 20 September alternatives to tax companies operating on Internet, including a withholding tax on online sales of non-resident companies or a levy on revenues coming from digital services or advertising, according to a document seen by EURACTIV. A majority of member states agreed to start preparing a new levy on digital companies to compensate for low-tax regimes that cost billions of euros to European governments. Interview Energy
In the U. On Tuesday, VW admitted that it had understated the carbon dioxide emissions for , cars, widening the scope of a scandal that has forced the ouster of a CEO and prompted investigations and lawsuits on several continents. The company has been unable halt the flow of bad news since mid-September, when the U. Environmental Protection Agency said Volkswagen had installed software on , cars that enabled them to cheat on emissions tests for nitrogen oxide, a pollutant that contributes to smog and respiratory problems. The software reduced emissions when the car was on a test stand.