Bloomberg Prime minister Nguyen Xuan Phuc orders a 15-day period of isolation nationwide beginning from Wednesday, according to a statement on the government’s website. Residents must stay at home and can only go outside for “essential needs,” such as food, medicines, urgent medical services or to go to work at companies permitted by the government to remain open, it said. ...

Bloomberg Hungary’s parliament handed prime minister Viktor Orban the right to rule by decree indefinitely, effectively putting the European Union democracy under his sole command for as long as he sees fit. While governments around the world assume emergency powers to fight the coronavirus, locking down all aspects of every-day life and shutting borders, few democracies have given their governments ...

Bloomberg A group of sixteen banks will have to provide $23 billion of loans to T-Mobile US Inc. in order to allow the mobile carrier to close its planned acquisition of Sprint Corp., after the Covid-19 outbreak disrupted plans to sell the debt to third-party investors. The banks were formally notified that they will need to make the funds available ...