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US declares emergency as new virus epicenter Europe locks down

The overall death toll jumped to more than 5,000 across the world, with total infections topping 140,000 internationally, according to an AFP tally based on official sources. [AFP / MARVIN RECINOS]

US President Donald Trump declared a national state of emergency as the World Health Organization named Europe the new epicenter of the coronavirus, with countries sealing borders, shutting schools and canceling events in a frenzied attempt to slow the ballooning pandemic.

Wall Street stocks rallied Friday as financial markets endured a rollercoaster ride after a week of spectacular losses triggered by fears that the deadly outbreak will lead to a global recession.

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