Wednesday, 1 Apr 2020

Asia

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Swiss to expand emergency aid programme as coronavirus toll mounts

ZURICH (Reuters) – Switzerland is preparing more help for businesses flattened by the coronovirus epidemic, the government said on Wednesday, topping up the biggest economic aid package in Swiss history as the human toll mounted. Deaths from the coronavirus rose by five to 378, while the number of people with positive tests in Switzerland surpassed […]

Coronavirus: Benefits of mask use by healthy people topic of debate in Singapore

SINGAPORE – In a “utopian situation” with an infinite supply of masks, everyone wearing one regardless of their health status will help contain the coronavirus swiftly. But as this is not possible, and given the Covid-19 outbreak is a “marathon”, healthy people under the age of 60 should not wear masks on a daily basis, infectious […]

Coronavirus: Autonomous universities freeze fee hikes for citizens, offer more financial aid to students in need

SINGAPORE – All six autonomous universities will freeze tuition fee increases for Singapore citizens enrolled in government-subsidised undergraduate and postgraduate programmes for the academic year 2020, even as the coronavirus situation develops. The Ministry of Education (MOE) and tertiary educations said on Wednesday (April 1) that as key national institutions with a public mission, the […]

European stock index futures slide as more coronavirus damage revealed

(Reuters) – European stock index futures fell more than 3% on Wednesday as dismal economic data from Asia underpinned the ongoing damage from the coronavirus pandemic and fanned fears of a deep global recession. Euro Stoxx 50 futures STXEc1 tumbled 3.8% following a rebound this week that was powered by aggressive fiscal and monetary stimulus […]

Italy's EconMin sees 6% fall in 2020 GDP as 'realistic' estimate

ROME (Reuters) – Italy’s Economy Minister Roberto Gualtieri said on Wednesday that the main business lobby’s forecast of a 6% fall in gross domestic product this year due to the coronavirus crisis is realistic. On Tuesday national business association Confindustria said the outbreak would cause a serious recession in 2020. “Unfortunately the estimates are realistic… […]

Chinese tourists looking longingly at holidays as coronavirus outbreak eases

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) – The willingness among Chinese to travel to popular tourist sites has shown signs of recovery, particularly for the upcoming holidays in late spring and early summer, as the coronavirus epidemic continues to abate domestically, according to industry experts. Data from Fliggy, Alibaba’s online travel service provider, show a recovery […]

Coronavirus: Singapore made plans to ensure food security years ago, says DPM Heng

SINGAPORE – The ongoing outbreak of Covid-19 may have highlighted Singapore’s vulnerability to global supply shocks, but Singapore has over the years taken steps to ensure that its supply of food is not compromised. Deputy Prime Minister Heng Swee Keat on Wednesday (April 1) reassured Singaporeans that the nation’s food supply was adequate, pointing to […]