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Office lights of the Lombardy region headquarters building in Milan, northern Italy, compose the Italian words 'State a casa' (Stay home), Wednesday, March 18, 2020. Italian authorities say too many people are violating last week's national decree, which allows people to leave homes to go to workplaces, buy food or other necessities or for brief strolls outside to walk dogs or get exercise. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia.(AP Photo/Luca Bruno)

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Europe's central bank launches new program to calm markets
March 18, 2020 8:24 p.m.

Europe's central bank launches new program to calm markets

FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbreak is wreaking on the global economy.