Day: March 12, 2020
Airline stocks nosedive as US travel ban hits EU travel industry
PARIS: Europe’s travel sector reacted with dismay on Thursday (Mar 12) to a US-imposed trans-Atlantic travel ban with the share price of major airlines going into free fall. President Donald Trump said the measure would stem the spread of coronavirus, but an EU diplomat in Brussels called it “erratic”. Advertisement Advertisement READ: US to suspend
Dow falls 8.7% as US stocks face another rout
NEW YORK: Wall Street stocks were deep in the red early Thursday (Mar 12), resuming after a 15-minute suspension as the economic pain from the coronavirus deepens and widens. About 25 minutes into trading, the Dow Jones Industrial Average was at 21,505.07, down more than 2,000 points or 8.7 per cent. Advertisement Advertisement The broad-based S&P
New York’s coronavirus ‘containment zone’ may not do enough, say residents
NEW YORK: People who live in the epicentre of New York’s coronavirus outbreak said they were not convinced the state’s order closing the area’s schools and large-gathering venues for two weeks would do enough to curb the spread of infection. New York Governor Andrew Cuomo this week said he was heeding the advice of the state
17 years after SARS, this quarantine order agent is back on the frontline battling COVID-19
SINGAPORE: When he was deployed by Certis during the Severe Acute Respiratory Syndrome (SARS) outbreak in 2003, Sergeant (Auxiliary Police Force) Gogulakanan Govindasamy was a 26-year-old bachelor who wanted to make a difference. Seventeen years later, he is a married man with three children, but his desire to help out in a crisis has not waned. Advertisement Advertisement “Now
WHO’s Tedros urges world to ‘double down’ on COVID-19 pandemic
GENEVA: The head of the World Health Organization (WHO) urged all countries on Thursday (Mar 12) to “double down” in the fight against the coronavirus pandemic. Tedros Adhanom Ghebreyesus, speaking to diplomats in Geneva a day after characterizing COVID-19 as a pandemic, also said: “Describing this as a pandemic does not mean that countries should give
Wall Street pauses trading after stocks plunge
NEW YORK: Trading on Wall Street was halted just moments into Thursday’s (Mar 12) session after US stocks plunged further on the deepening economic pain from the coronavirus. Trading was suspended after the S&P 500 dropped 7.0 per cent to 2,549.05, triggering an automatic 15-minute suspension. Advertisement Advertisement The Dow Jones Industrial Average plunged 7.2 per
2 Singaporeans who attended religious event in Malaysia confirmed to have COVID-19; MUIS closes mosques, suspends Friday prayers
SINGAPORE: Two Singaporeans have contracted COVID-19 after attending a religious event near Kuala Lumpur, Minister-in-Charge of Muslim Affairs Masagos Zulkifli confirmed on Thursday (Mar 12). Mr Masagos also announced that the Islamic Religious Council of Singapore (MUIS) will close all mosques for at least five days from Friday for cleaning, to prevent community spread through
US to suspend all travel from Europe for 30 days to fight COVID-19 outbreak
WASHINGTON: The US will suspend all travel from Europe to the country for 30 days in an effort to curb the COVID-19 outbreak, said President Donald Trump on Wednesday night (Mar 11). The travel restriction will not apply to the United Kingdom, he said in a televised address. Advertisement Advertisement “To keep new cases from entering
PM Lee to provide update on COVID-19, to be broadcast at 8pm
SINGAPORE: Prime Minister Lee Hsien Loong will be giving an update on the COVID-19 situation on Thursday (Mar 12) and it will be broadcast at 8pm, the Prime Minister’s Office (PMO) said in a statement published on Mr Lee’s Facebook page. Mr Lee will be speaking in English, Malay and Chinese, the statement said. Advertisement Advertisement
COVID-19 outbreak a ‘pandemic’, says WHO chief
GENEVA: The World Health Organization described the new coronavirus as a pandemic for the first time on Wednesday (Mar 11), adding that Italy and Iran were now on the frontline of the disease and other countries would soon join them. “We are deeply concerned both by the alarming levels of spread and severity and by the
COVID-19: Catholic masses to remain suspended, says Archbishop of Singapore
SINGAPORE: The Catholic Church in Singapore will continue to suspend mass in light of the rising number of COVID-19 infections, it announced on Thursday (Mar 12). “We are not helping the situation if we resume Masses at this time, simply because of the sheer numbers of Catholics packing in each service, and their fluidity in
Concerns over Indonesia’s apparent lack of coordination in releasing information on first COVID-19 death
JAKARTA: The circumstances surrounding the confirmation of Indonesia’s first death linked to COVID-19 on Wednesday (Mar 11) has revealed what may be a lack of coordination among various agencies handling the outbreak. When the death of a 53-year-old COVID-19 patient was announced by the central government in a press conference, it was only told to the reporters that
Malaysia ex-PM Najib’s trial halted over COVID-19 scare
KUALA LUMPUR: Disgraced Malaysian ex-leader Najib Razak’s corruption trial was halted Thursday (Mar 12) after his defence team were reportedly ordered to self-quarantine over fears about the coronavirus. Najib and his cronies are accused of looting billions of dollars from sovereign wealth fund 1Malaysia Development Berhad (1MDB)and using it to finance a global spending spree. Advertisement
Three teenagers arrested in relation to shopping mall spitting video
SINGAPORE: Three teenagers were arrested for their suspected involvement in a case of public nuisance, the police said on Thursday (Mar 12). The two males and one female, aged 17 to 19, were wanted in relation to an online video of spitting at a shopping mall after the footage “caused alarm and annoyance”. Advertisement Advertisement The police
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