COVID-19 Global Roundup: Everything you need to know

Over the past 24 hours, the number of new coronavirus cases outside China has been almost nine times higher than that inside the country, WHO officials announced on Monday.

Stocks took their worst one-day beating on Wall Street since the global financial crisis of 2008 as alarm grew over what the coronavirus could do to the world economy, combined with a collapse in oil prices Monday.

Europe

Italy , with 9,172 cases and 463 deaths, sealed off much of its industrial north, where

seven prisoners

were killed in a riot over curbs on visits. The whole of Italy will be placed under lockdown

until next month, Prime Minister Giuseppe Conte announced on Monday, in an unprecedented and unexpected new attempt to beat the coronavirus in Europe's worst-affected country.

Spain , with 1,204 cases and 28 deaths, will close schools and universities in Madrid and the Basque capital Vitoria.

Germany on Tuesday reported its first two deaths, both in Rhine-Westphalia. The death toll in Germany is 1,139. It has cancelled major events that could be vectors for the virus, and more extreme methods like closing down cities are also on the table.

NHS England has confirmed a fifth death on Tuesday. The UK , which has 319 cases and five deaths, said anyone returning from areas in northern Italy that's under lockdown must self-isolate.

New infections in the Netherlands rose to 321 on Monday, up from 264 a day earlier.

Albania and Bulgaria reported their first cases.

Americas

In the U.S. , the number of COVID-19 patients has risen to 580, including 22 deaths, as of Monday. In California, at least 21 people on board the Grand Princess cruise ship are infected with the coronavirus. The ship

docked

Monday in Oakland, near San Francisco on Monday. Americans, especially those who are vulnerable, may have to stop attending big gatherings as the virus spreads through U.S. communities, a health official said on Sunday, not ruling out large-scale quarantines.

Argentina marked Latin America's first death on Saturday, after Paraguay, Colombia, Chile and Peru announced their first cases.

Costa Rica reported nine infections on Sunday, up from five a day earlier.

Canada recorded its first death – a resident at a British Columbia long-term care facility.

Carrying multiple people who have tested positive for COVID-19, the Grand Princess wanders around about 30 miles (about 48 kilometers) off the coast of San Francisco, Sunday, March 8, 2020. /AP

Asia

South Korea reported 131 more cases in the past 24 hours, bringing the total number to 7,513, while the death toll remains at 51.

Japan is set to revise a law allowing Prime Minister Shinzo Abe to declare an emergency, if needed, as infections reached 1,190.

Singapore will allow cruise ship Costa Fortuna to dock on Tuesday, after it was turned away from ports in Malaysia and Thailand.

Vietnam on Monday decided to suspend visa-free travel from eight European countries: Denmark, Norway, Finland, Sweden, the UK, Germany, France and Spain.

The Democratic People's Republic of Korea (DPRK) flew dozens of diplomats out of the country to Russia on Monday, including the staff of the German, French and Swiss missions.

Middle East and Africa

Iran , with 7,161 cases and 237 deaths, the third highest after China and Italy, temporarily released around 70,000 prisoners.

Israel , with 42 cases, will require anyone arriving from overseas to self-quarantine for 14 days.

Thirteen Americans quarantined in a West Bank hotel on suspicion of having caught the coronavirus have tested negative, a Palestinian official said on Sunday.

Burkina Faso on Monday reported its first two cases, becoming the sixth country in sub-Saharan Africa to be affected by the virus.

Tunisia will suspend all flights and shipping to Italy except to Rome and start a scheduled school holiday on Thursday instead of next Monday.

Qatar said on Monday it was suspending schools and universities to control the virus.

Nigeria has a second confirmed case, its health minister said on Twitter on Monday.

A 60-year-old German tourist has died in Egypt , becoming the first fatality from the coronavirus in the country.

Saudi Arabia 's health ministry said on Monday it has detected five new cases, bringing the total to 20. After earlier closing its land borders, Saudi Arabia cut off air and sea travel to and from Bahrain, Egypt, Iraq, Italy, Kuwait, Lebanon, South Korea, Syria and the United Arab Emirates. All Saudi schools and universities have been closed since Monday. On Sunday, it imposed a temporary lockdown on its eastern Qatif province, home to a large Shia Muslim population.

Economic fallout

U.S. stocks

fell by seven percent upon opening on Monday, triggering an automatic 15-minute pause in trading after the 2008 financial crisis.

The cost of insuring exposure to debt issued by governments and banks rose sharply on Monday with those at the center of the outbreak and oil exporters seeing levels spike to multi-month highs.

The epidemic will cause global FDI to shrink by 5-15 percent from previous forecasts, resulting in only marginal growth in 2020-21, with automotive, airlines and energy industries likely to take a big hit, a UN report said.

Global stocks plunged on Monday and prices for crude oil tumbled by 33 percent after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen.

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Events cancelled

The European Parliament considers calling off this week's plenary session, two officials said.

The Boao Forum, which China is trying to promote as Asia's answer to Davos, has been postponed.

Ireland has canceled all St. Patrick's Day parades due next week and the government has set aside three billion euros to tackle the infection.

All French top flight soccer matches will be played behind closed doors or with a maximum attendance of 1,000 people until April 15.

Madonna has canceled shows in Paris on Tuesday and Wednesday, promoter Live Nation said on Monday.

(With input from agencies)