OPEN APP
Home >News >India >Coronavirus: Kuwait confirms two more cases

Forty four more people have died of the novel coronavirus in China, taking the death toll in the outbreak to 2,791, Chinese health officials said on Friday, amid growing criticism from experts and the public that the epidemic would have been less severe if the authorities acted when the first confirmed case was reported in December.

The overall confirmed cases in the mainland have reached 78,824 by the end of Thursday. In all, 2,791 people have died of the disease so far, it said.

Globally, Coronavirus has killed more than 2,800 people and infected about 83,000.

Here are the latest updates about coronavirus:

Number with coronavirus rises to 45 in Kuwait as two more cases detected

Kuwait confirmed two more cases of coronavirus on Friday, bringing the total number of infections to 45, a Health Ministry official said, reporting no death.

Those infected had either travelled to Iran or been contaminated by people who went there, she told a media

World Economy Faces Worst Year Since ‘09 as Virus Hopes Fade

The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound.

Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many are rethinking that optimism as swathes of Chinese factories stay shut and workers idled. Having already cut supply chains and undermined tourism and trade, outbreaks from Europe to the Americas threaten activity elsewhere too.

Bank of America Corp. economists warned clients on Thursday that they now expect 2.8% global growth this year, the weakest since 2009. They were already penciling in the softest growth in China since 1990, but now say the U.S. will expand the least in four years.“The risks are still skewed to the downside," BofA economists led by Ethan Harris said in a report. “Our forecasts do not include a global pandemic that would basically shut down economic activity in many major cities."

Asian markets bomb as virus fears fuel global turmoil

Asian markets spiralled downwards Friday, extending a collapse in New York and Europe that has wiped trillions of dollars off valuations as the coronavirus spread rapidly around the world with the WHO warning the deadly epidemic was now at a "decisive point".

Tokyo, Shanghai, Sydney, Singapore and Seoul were among the bourses that fell more than three percent while Jakarta was hammered more than four percent.

The casualties have put equities around the world on course to record their worst week since the global financial crisis more than a decade ago as investors run to the hills on fears the virus will smash the global economy.

Mainland China has 327 new confirmed cases of coronavirus

Mainland China claimed it had 327 new confirmed cases of coronavirus on Thursday, the country's health commission said on Friday, down from 433 cases a day earlier and the lowest since January.

The epicenter of the disease in China, Hubei province, had 318 new confirmed cases, down from 409 cases a day earlier which is also the lowest since 24 January.

Hyundai Motor shuts factory in South Korea

Hyundai Motor shut down a factory in South Korea after a worker tested positive for the new coronavirus, disrupting production of popular cars.

Hyundai Motor had gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak.

South Korea has the most infected people outside China, affecting companies like Samsung and Hyundai. South Korea on Friday reported 256 new cases.

Belarus reports first coronavirus case

Belarus has also reported its first coronavirus case. The first case was an Iranian student who arrived in the country from Azerbaijan last week.

The health ministry said the patient was in a "satisfactory" condition.

People who had been in contact with the student had been placed in quarantine in the hospital for infectious diseases in the capital Minsk.

Nigeria braces as coronavirus hits megacity Lagos

Nigeria's economic hub Lagos confirmed a case of new coronavirus on Friday, stirring memories of the fears sparked six years ago when West Africa's Ebola epidemic hit the chaotic megacity of 20 million.

The health minister said the first confirmed case of the virus in sub-Saharan Africa was an Italian citizen who had returned from Milan earlier this week.

"The patient is clinically stable, with no serious symptoms," Ehanire said, adding that the patient was being treated at a hospital for infectious diseases in Lagos.

Lithuania confirms first case of coronavirus

Lithuania confirmed its first case of the novel coronavirus in a woman who returned from Italy, the government said on Friday.

The 39-year-old, who returned from Verona, has been isolated in hospital in the Baltic state's northern city of Siauliai and has mild symptoms. Her family members are being monitored.

Facebook cancels annual conference amid coronavirus fears

Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus, as growing concerns about the economic impact of the global outbreak drove Wall Street to tumble for a sixth straight day.

Facebook's F8 conference, which attracted 5,000 people from around the world last year, was scheduled to be held May 5 and 6 in San Jose, California.

Microsoft Corp on Thursday said it still plans to hold its own developer conference in Seattle later in May but withdrew from a gaming conference scheduled for next month in San Francisco, joining a host of multinationals in calling off corporate events and grounding employees from travel as a result of the outbreak.

Coronavirus grips markets, Sensex tanks over 1,000 points, Nifty below 11,300

Indian benchmark equity indices on Thursday crashed by more than 3%, tracking the global selloff as coronavirus spread to more countries. The deadly flu, which struck China in December, has now spread to the US, raising fears of the outbreak turning into a pandemic and adversely impacting global growth.

Nifty tumbled 364 points to touch a low of 11,269.80, while the Sensex crashed nearly 1,200 points to 38,551.54, extending the selloff to the sixth day and wiping out investor wealth of about 5 lakh crore in minutes. In the past five sessions, the Sensex has plunged over 1,550 points amid a global rout.

BSE MidCap and BSE Smallcap were down 3% each.

India suspends visa on arrival for Japanese, S Korean nationals

JPMorgan Chase & Co. issued global restrictions on non-essential travel to protect its employees and its business against the spreading coronavirus.

Because of the continuing spread of the virus, it’s now “restricting all international travel to essential travel only," the New York-based bank said in a memo distributed to staff. The memo was confirmed by spokespeople at the bank.

JPMorgan Restricts All Non-Essential Travel Globally

JPMorgan Chase & Co. issued global restrictions on non-essential travel to protect its employees and its business against the spreading coronavirus.

Because of the continuing spread of the virus, it’s now “restricting all international travel to essential travel only," the New York-based bank said in a memo distributed to staff. The memo was confirmed by spokespeople at the bank.

Abe Adviser Says Japan Needs $45 Billion of Extra Spending

An adviser to Prime Minister Shinzo Abe said Japan should compile another economic package with fresh spending of at least 5 trillion yen ($45 billion) to respond to a severe hit from the coronavirus outbreak.

“We should take it very seriously that this is terrible timing, coming right after the sales tax hike," Etsuro Honda, one of the key architects of Abenomics, said in an interview. “The impact could be devastating in the short term."

Singapore Ministers to Take Pay Cut on Virus

All political-office holders in Singapore will take a one-month salary cut in light of the coronavirus outbreak, CNA reported, citing comments from the country’s Deputy Prime Minister Heng Swee Keat. The government’s actions follow recent moves by some of Singapore’s top companies to freeze pay and cut bonuses as the country attempts to combat the impact of the virus.

Korea Cases Top 2,000; Nigeria Confirms Infection

The number of new coronavirus cases in South Korea crossed 2,000. Japan is closing schools to limit the spread of the outbreak. New cases continue to appear outside of China with New Zealand and Lithuania reporting their first infections. Nigeria confirmed its first case, the first reported in sub-Saharan Africa.

Stocks tumbled with equity markets in Hong Kong, Japan and Australia all losing more than 2%. U.S. health authorities moved to greatly expand the number of people who will be tested, adding travelers from several new countries and people with unexplained, severe respiratory illnesses. California is monitoring 8,400 people for signs of the virus after they traveled to Asia. The virus has spread “very slowly" in the U.S., President Donald Trump said in a tweet.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout