Coronavirus live news: Germany reveals major stimulus plan as global cases grow by 100,000 a day

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€130bn German package cuts VAT, offers cash grants; Mumbai introduces new restrictions after hurricane; Italy opens borders; Follow the latest updates

Mexican health authorities reported 1,092 coronavirus deaths on Wednesday, the highest toll in one day so far, with total infections surging past 100,000.

The number of deaths was more than twice a previous record, and daily infections were also at an all time high of 3,912.

The additions bring the total number of known cases to 101,238 and deaths to 11,729. Health authorities have previously said the real number is higher.

The coronavirus outbreak could trigger a $25tn (£20tn) collapse in the fossil fuel industry by accelerating a terminal decline for the world’s most polluting companies.

A study has found that the value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, because the Covid-19 crisis has hastened the peak for oil, gas and coal demand.

Related: Coronavirus crisis could cause $25tn fossil fuel industry collapse

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