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Coronavirus live updates: all of Italy to be placed under lockdown conditions Coronavirus live updates: all of Italy to be placed under lockdown conditions
(32 minutes later)
With cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumblingWith cases spiking sharply across Europe and emergency measures in place from California to Saudi Arabia, investors have sent shares tumbling
Qantas has reduced its international flying capacity by a quarter, grounding eight Airbus A380s, and leaving just two of the largest planes in its fleet flying.
The cuts to international routes will last for six months following a “sudden and significant drop in forward travel demand”. Smaller planes will now service a number of key international routes.
The airline’s signature Sydney-Singapore-London return service (QF1 and QF2) will be temporarily re-routed to become a Sydney-Perth-London service.
To help cut costs, Qantas’s chief executive Alan Joyce – Australia’s highest paid executive who took home nearly AUD$24m (about £12m) in 2018 – will take no salary this financial year.
The Australian prime minister, Scott Morrison, is due to reveal some of his government’s plan to protect the economy from a recession caused by the coronavirus. The stimulus package, likely to include cash payments for pensioners, welfare recipients and small business owners, could cost up to $10bn (AUD).The Australian prime minister, Scott Morrison, is due to reveal some of his government’s plan to protect the economy from a recession caused by the coronavirus. The stimulus package, likely to include cash payments for pensioners, welfare recipients and small business owners, could cost up to $10bn (AUD).
Morrison will argue that, while the covid-19 is a global health crisis, it will have real and significant economic impacts for Australia, potentially greater than the global financial crisis of 2008. According to preview reports of his speech, he’s due to say:Morrison will argue that, while the covid-19 is a global health crisis, it will have real and significant economic impacts for Australia, potentially greater than the global financial crisis of 2008. According to preview reports of his speech, he’s due to say:
Australia’s economy is hugely dependent on China. The country is the largest export destination for Australian resources and Australia relies heavily on imports of Chinese manufactured products. Additionally, Australia is a significant destination for Chinese students and tourists. Morrison will argue:Australia’s economy is hugely dependent on China. The country is the largest export destination for Australian resources and Australia relies heavily on imports of Chinese manufactured products. Additionally, Australia is a significant destination for Chinese students and tourists. Morrison will argue:
Saudi Arabia has detected five new cases, Reuters is reporting; citing state TV.Saudi Arabia has detected five new cases, Reuters is reporting; citing state TV.
Four Saudi citizens have been diagnosed – three of whom had arrived from Iran and Iraq. The fifth case is of an Egyptian man who arrived from Egypt to the kingdom, the ministry has added. They bring the total of coronavirus cases detected in the kingdom to 20.Four Saudi citizens have been diagnosed – three of whom had arrived from Iran and Iraq. The fifth case is of an Egyptian man who arrived from Egypt to the kingdom, the ministry has added. They bring the total of coronavirus cases detected in the kingdom to 20.
Burkina Faso has reported its first two cases of coronavirus, making it the sixth nation in sub-Saharan Africa to be affected by the virus.Burkina Faso has reported its first two cases of coronavirus, making it the sixth nation in sub-Saharan Africa to be affected by the virus.
Its health minister, Claudine Lougue, has told reporters the two patients – a husband and wife – recently returned to Burkina Faso from a trip to France and are now in isolation.Its health minister, Claudine Lougue, has told reporters the two patients – a husband and wife – recently returned to Burkina Faso from a trip to France and are now in isolation.
Egypt has placed a nationwide suspension on “any large gatherings of citizens, or those that involve the movement of citizens between governorates,” its prime minister, Mostafa Madbouly, has announced.Egypt has placed a nationwide suspension on “any large gatherings of citizens, or those that involve the movement of citizens between governorates,” its prime minister, Mostafa Madbouly, has announced.
The Egyptian ministry of culture separately cancelled any upcoming events taking place, including a film festival in Luxor, the site of a major outbreak of covid-19. Egypt’s ministry of health has also said 59 people have so far been infected with the virus.The Egyptian ministry of culture separately cancelled any upcoming events taking place, including a film festival in Luxor, the site of a major outbreak of covid-19. Egypt’s ministry of health has also said 59 people have so far been infected with the virus.
The US and UK stock markets have both suffered their worst daily slump since the 2008 financial crisis. In New York, the Dow Jones industrial average has plunged by more than 2,000 points, closing down 7.8% tonight.The US and UK stock markets have both suffered their worst daily slump since the 2008 financial crisis. In New York, the Dow Jones industrial average has plunged by more than 2,000 points, closing down 7.8% tonight.
Earlier, Britain’s FTSE 100 posted its fifth biggest fall ever. The index closed down 7.7%, which wiped £125bn off the biggest companies listed in London. Italy’s FTSE MIB index slumped by 11% (and was closed before PM Conte announced the country’s new lockdown).Earlier, Britain’s FTSE 100 posted its fifth biggest fall ever. The index closed down 7.7%, which wiped £125bn off the biggest companies listed in London. Italy’s FTSE MIB index slumped by 11% (and was closed before PM Conte announced the country’s new lockdown).
Our business liveblog has more details.Our business liveblog has more details.
The announcement in Italy spells out the restriction of movement of more than 60 million people.The announcement in Italy spells out the restriction of movement of more than 60 million people.
The decree provides for banning all public events, closing cinemas, theatres, gyms, discos and pubs, funerals, weddings and all sport events, including Serie A matches. All schools and universities will remain close until 3 AprilThe decree provides for banning all public events, closing cinemas, theatres, gyms, discos and pubs, funerals, weddings and all sport events, including Serie A matches. All schools and universities will remain close until 3 April
Conte added that he will sign the decree now and it will come into effect on Tuesday morning.Conte added that he will sign the decree now and it will come into effect on Tuesday morning.
All sporting events will be suspended, Conte has told a press conference. The country is grappling to contain Europe’s worst outbreak of covid-19, which has claimed 463 lives and infected a total of 9,172 people.All sporting events will be suspended, Conte has told a press conference. The country is grappling to contain Europe’s worst outbreak of covid-19, which has claimed 463 lives and infected a total of 9,172 people.
All of Italy will be placed under the lockdown conditions thus far imposed upon the so-called “red zone” in the north of the country, the Italian prime minister Giuseppe Conte has said.All of Italy will be placed under the lockdown conditions thus far imposed upon the so-called “red zone” in the north of the country, the Italian prime minister Giuseppe Conte has said.
The restrictions will include banning all public gatherings and preventing all movement other than for work and emergencies. According to the Reuters news agency, he has said the decision was necessary to protect Italy’s most vulnerable citizens and that the right course of action now is for people to stay at home.The restrictions will include banning all public gatherings and preventing all movement other than for work and emergencies. According to the Reuters news agency, he has said the decision was necessary to protect Italy’s most vulnerable citizens and that the right course of action now is for people to stay at home.
A second Oxford University student has tested positive, the institution has said.A second Oxford University student has tested positive, the institution has said.
We reported earlier that the Madrid regional government has ordered the closure of all schools and universities for a fortnight. Madrid has a population of 6.6 million and the school shutdown is expected to have a direct impact on 1.5 million people.We reported earlier that the Madrid regional government has ordered the closure of all schools and universities for a fortnight. Madrid has a population of 6.6 million and the school shutdown is expected to have a direct impact on 1.5 million people.
The president of the Madrid regional government, Isabel Díaz Ayuso, said she was sorry to have to inform people of the new measures that will come into force on Wednesday but insisted they were necessary given the spread of the disease.The president of the Madrid regional government, Isabel Díaz Ayuso, said she was sorry to have to inform people of the new measures that will come into force on Wednesday but insisted they were necessary given the spread of the disease.
Díaz Ayuso also urged anyone showing symptoms of the virus to remain at home and not to go to work or to medical centres. People should instead call the coronavirus hotline, she added.Díaz Ayuso also urged anyone showing symptoms of the virus to remain at home and not to go to work or to medical centres. People should instead call the coronavirus hotline, she added.
Moreover, the regional government warned against all but essential travel and encouraged older people or those with chronic illnesses to remain at home. Salvador Illa, the Spanish health minister, also advised people to work from home.Moreover, the regional government warned against all but essential travel and encouraged older people or those with chronic illnesses to remain at home. Salvador Illa, the Spanish health minister, also advised people to work from home.
In Catalonia, where 101 cases have so far been reported, the regional government also urged people to work from home and to avoid travel. A nursery school in Barcelona was closed today as a result of the virus but as yet the Catalan government is not proposing to shut down schools.In Catalonia, where 101 cases have so far been reported, the regional government also urged people to work from home and to avoid travel. A nursery school in Barcelona was closed today as a result of the virus but as yet the Catalan government is not proposing to shut down schools.
The Photography Show and the Video Show, which organisers claim attracts more than 30,000 visitors and which was due to start in Birmingham this weekend, has been postponed amid coronavirus concerns.The Photography Show and the Video Show, which organisers claim attracts more than 30,000 visitors and which was due to start in Birmingham this weekend, has been postponed amid coronavirus concerns.
Organisers have said:Organisers have said:
Iraqi authorities have ordered the closure of the Najaf province, home to holy Muslim Shi’ites sites, for non-residents starting on Wednesday for a week to prevent the spread of the coronavirus, the state news agency has said. Najaf is a major destination for Shi’ite pilgrims.Iraqi authorities have ordered the closure of the Najaf province, home to holy Muslim Shi’ites sites, for non-residents starting on Wednesday for a week to prevent the spread of the coronavirus, the state news agency has said. Najaf is a major destination for Shi’ite pilgrims.