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All times below in the Beijing time.
Australia and New Zealand announced tighter border controls in an effort to curb imported cases of the new coronavirus, reported Reuters.
Prime Minister Scott Morrison said all non-citizens and non-residents will be banned from entering the country from 09:00 local time Friday (06:00 ET Friday), the report said. He added that “the vast majority of cases in Australia have been imported,” according to the report.
Meanwhile, the New Zealand Prime Minister Jacinda Ardern said their borders will be closed to all foreigners from midnight on Thursday local time (07:00 ET Wednesday), Reuters reported separately. Citizens and permanent residents are still able to enter the country after the deadline, the report said.
Australia has reported 565 confirmed cases of COVID-19, according to the state Department of Health. Meanwhile, New Zealand has reported 28 cases, according to its Ministry of Health. -. Yen Nee Lee
A warehouse workers at facilities in New York, the company confirmed to CNBC
employees work from Amazon Queens, New York sending station, known as DBK1. Amazon said employees receive medical treatment and quarantine.
The company said it had temporarily closed the facility for additional cleaning and has sent workers home with full pay. It’s not clear when the facility will reopen.
The case marks the first such incident known to a worker in a US Amazon warehouse testing positive for coronavirus. On Monday, Amazon confirms that in Spain and Italy contracted the disease. -. Annie Palmer
South Korean President Moon Jae-in has pledged 50 trillion won ($ 39 billion) in emergency financing to small businesses, reported Reuters
Moon also said the government’s will help small businesses to access credit easily and cheaply by issuing loan guarantees for those with annual incomes below 100 million won ($ 78,000), the report said.
South Korea reported 152 new cases, bringing the country’s cumulative cases of 8565 so far (see 11:10 update). -. Yen Nee Lee
for the second time this month, taking the benchmark interest rate down to an all time low of 0.25%, it said in a statement
Another announcement by the Reserve Bank of Australia including setting target of about 0.25% to yield a three-year Australian government bonds, it said. The central bank plans to achieve the targeted results by buying government bonds in the secondary market starting Friday, according to the statement.
The central banks, governments and regulators around the world have stepped with a variety of measures to support their respective economies and financial markets as a new coronavirus continues to spread. -. Yen Nee Lee
take another page from the 2008 crisis era guidelines Wednesday night, calling for emergency authority to create a fence for a money market fund major
will provide loans to financial institutions to purchase assets of major money market fund.
This is the second program in two days using the fence $ 10 billion from the Treasury Department Exchange Stabilization Fund. And it was the second time in two days that the Fed invoked emergency authority under section 13.3 of the Federal Reserve Act.
The move is another sign of turmoil in the financial system created by coronavirus, and it is still unclear if the constant attacks of the program from the Fed and the Treasury Department will be enough to restore order. – Steve Liesman
DBS Group, one of Asia’s largest lender, said Singapore’s economy is likely to sink into recession following the impact of COVID the 19th plague. Economist Irvin Seah said in a note that the service sector – in particular tourism, aviation, retail and trade-related industries, will bear the brunt -. But manufacturing will not be spared either
“The recession in Singapore appears inevitable, and we have revised our full-year GDP growth forecast for 2020 to -0.5% to reflect a recession scenario,” wrote Seah. The city-state has more than 300 confirmed cases, but 117 people have been cured and discharged to date. (See 7:30 update) – Saheli Roy Choudhury
South Korea reported 152 new cases, bringing the country’s cumulative cases of 8565, according to the Korea Centers for Disease Control and Prevention.
The country also reported another seven deaths, taking the total to 91, said KCDC.
A new outbreak appeared in a nursing home in Daegu, the city hardest hit by the spread of new coronavirus in South Korea, according to a Reuters report. Of the new cases reported, 97 were in Daegu but KCDC not specify how many of them come from the nursing home. – Yen Nee Lee
of coronavirus quickly spread, and that may include some transfer cash to workers in the informal sector, the top economic adviser to the government, Krishnamurthy Subramanian said
India. has reported at least 151 cases, of which 14 have been recovered and three died, according to the health ministry. Subramanian said that tests showed there is still no evidence of community spread of the virus in India. – Saheli Roy Choudhury
New Zealand advised its citizens on Thursday to avoid traveling abroad because of the high risk of contracting COVID-19
“We are raising suggestions on our way to the highest level.: No trip, “said Foreign Minister Winston Peters said in a statement. “New Zealand who travel abroad COVID-19 risk contracts. At the same time, health care systems in many countries are under pressure and do not have the capacity to support a stranger.”
Peters also urged New Zealand while traveling abroad to reconsider immediately. Earlier in the day, the country’s health ministry reported eight new confirmed cases, bringing the total to 28. All new cases associated with travel abroad, according to the ministry. – Saheli Roy Choudhury
The National Health Commission of China said there were 34 new cases, which is associated with travelers returning from abroad. All eight additional deaths occurred in Hubei province, where the virus was first detected.
However, Hubei did not report any new confirmed cases. Until the end of March 18 China’s number of confirmed cases stood at 80 928, which 70 420 have recovered and died 3245. Because the exponential spread of infection in other countries in recent weeks, China now accounts for less than 50% of the total number of cases worldwide. – Saheli Roy Choudhury
Major Chinese shipping company SF Express said the volume of orders in February rose 118.89% to 475 million yuan from last year, while operating revenues increased 77.3% to 8.64 billion yuan ($ 1 , 23 billion) during that time. Revenue per order fell 19% to 18.19 yuan, the company said. Operating revenues from operations associated with the supply chain up nearly five-fold from a year ago to 369 million yuan.
The outbreak in China has forced many people to stay in their homes and to purchase. – .. Evelyn Cheng
in the country by people who do not know they have the disease “Increased testing ‘reveals more cases,” he told CNN on Wednesday
New York state is now the region the worst in the United States, with nearly 3,000 cases of coronavirus or more people and placed restrictions on restaurants, bars and other places of leisure in an effort to slow the outbreak -… Berkeley Lovelace Jr.
at least 2,978 people in Italy have died as a result of COVID-19, as the total number of confirmed cases in the country stands at 35 713 by 06:00 local time on March 18, according to the health ministry. About 4025 people have been cured as far as shops, bars, restaurants, museums, and schools remain closed while the movement is restricted; stringent measures are already weighing on the economy – Saheli Roy Choudhury
started on Thursday in the city .. bid to slow the spread of coronavirus, Sky News reported, citing Tra nsportasi to London.
Up to 40 tube stations that do not interchange with other lines will be closed until further notice from Thursday and from Friday, Waterloo and City line will be shut down completely, said Sky News. No tubes or services on the ground to run overnight on Friday and Saturday, but the bus service will still be available at the moment, he added. – Saheli Roy Choudhury
Australian carrier said in a regulatory filing that all international flights scheduled on a regular basis from Australia, including those from low-cost Jetstar child, will be suspended from the end of March until at least the end of May 2020. “Some airlines can continue to maintain the key link, based on ongoing discussions with the federal government,” the company said.
in Australia, there will be 60% cut on domestic flights; Qantas also said two-thirds of the employees assigned to temporarily retreat to preserve many jobs as possible in the long term. On Wednesday, the Australian advisory lifted for all trips abroad to the highest level and said citizens do not travel at this time, regardless of destination, age and health condition. – Saheli Roy Choudhury
Most of the 47 new cases in the city-state confirmed infection COVID-19 were imported, as residents returned from their trips abroad to places in Europe, North America and other parts in Asia, according to the health ministry. On Wednesday afternoon, the total number of cases reached 313, with 117 people reported as recovered and no deaths were recorded.
Infections numbers in Singapore rose in recent days, prompting the government to step up efforts to contain the spread of the virus’; on March 18, the government told citizens to defer all travel abroad, replaces the previous advisory only on non-essential travel. Starting Friday at 11:59, everyone entering Singapore, including residents, will be required to complete two weeks of self-quarantine. – .. Saheli Roy Choudhury
All times below are in Eastern Time
The day after deleting ads for medical face mask, associated with coronavirus, many US lawmakers ire
Sen. Mark Warner, D-Va., and Richard Blumenthal, D-Conn., federal Trade Commission Chairman Joseph J. Simons Tuesday, criticized Google to continue to serve ads next to stories about COVID-19 at various sites. Federal health officials have the people to refrain from buying masks so that they can be provided for those who need them, such as health care workers respond to the crisis. -Megan Graham, Jennifer Elias
Futures contracts tied on Thursday at the start of extended trading.
fell 100 points shortly after the opening of the extended trading, implying a flat open in early trade on Thursday.
and also pointed to a little profit, despite trade futures contracts can change rapidly overnight. -Thomas Franck
The mayor of New York said he was pushing Governor Andrew Cuomo to approve a nearly 1,900 cases of coronavirus spike in the five boroughs.
De Blasio, speaking to local NY1 television station, said he was “very good conversation” with Cuomo about an hour ago.
Earlier in the day, Cuomo said he would not agree to “shelter-in-place” in order to New York City after de Blasio told residents to prepare for one. “That will not happen, shelter in place, to New York City,” Cuomo said in The Daily podcast by The New York Times. “For each city or county to take emergency measures, countries must approve it. And I’m not going to agree to shelter in place.” -Dawn Kopecki, Berkeley Lovelace Jr.
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