Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Gatherings banned, travel restricted as coronavirus cases grow worldwide

Published 02/29/2020, 09:28 PM
Gatherings banned, travel restricted as coronavirus cases grow worldwide
AAL
-

By Steve Holland and Julia Harte

WASHINGTON (Reuters) - Leaders in Europe, the Middle East and the Americas rolled out bans on big gatherings, and stricter travel restrictions as cases of the new coronavirus spread around the world.

The United States on Saturday reported its first death from the disease, a Washington state man in his 50s. Two of the state's three cases have links to a nursing home, state officials said, where dozens of residents have symptoms of the disease.

U.S. President Donald Trump and top officials said in a White House press briefing that travelers from South Korea and Italy would be subject to additional screening, and warned Americans against traveling to coronavirus-affected regions in both countries.

U.S. Vice President Mike Pence said a ban on travelers from Iran entering the country would be expanded to include any foreign nationals who have visited Iran in the last 14 days. The United States may also restrict travel on its southern border with Mexico, officials said.

However they encouraged Americans to travel around the country, including to states where some of the country's more than 60 cases of the disease have been recorded.

The outbreak is disrupting demand for flights and many airlines have suspended or modified services in response. After Saturday's press conference, the White House held a call with airlines to discuss new travel restrictions.

American Airlines (NASDAQ:AAL) Inc said late on Saturday it was suspending all U.S. flights to Milan.

NEW CASES

Ecuador on Saturday reported its first case, in a woman who had traveled from Madrid, while Mexico reported four cases, all in people who had visited Italy.

Brazilian officials confirmed that country's second case, a patient in São Paulo who recently visited Italy.

As governments worldwide stepped up efforts to halt the spread of the virus, France announced a temporary ban on public gatherings with more than 5,000 people in confined spaces. It reported 16 new cases for a total of 73, and canceled a half-marathon of 40,000 runners scheduled for Sunday.

Switzerland said it is banning events expected to draw more than 1,000 people.

More than 700 tourists remain quarantined at a hotel in the Canary Islands, after several Italian guests there tested positive for coronavirus.

Schools and universities in Italy, which is experiencing Europe's worst outbreak of the disease, will stay closed for a second consecutive week in three northern regions. The country has reported more than 1,100 cases and 29 deaths.

Analysts have warned that the outbreak looks set to shunt Italy's fragile economy into its fourth recession in 12 years, with many businesses in the wealthy north close to a standstill and hotels reporting a wave of cancellations.

FOCUS ON IRAN

Iraq reported five new cases of the disease, bringing its total to 13, and Qatar reported its first Saturday, leaving Saudi Arabia as the only Gulf state not to have signaled any coronavirus cases.

The majority of infections in other Gulf countries have been linked to visits to Iran or involve people who have come into contact with people who had been there.

Tehran has ordered schools shut until Tuesday and extended the closure of universities and a ban on concerts and sports events for a week. Authorities have also banned visits to hospitals and nursing homes as the country's case load hit nearly 600.

One Iranian lawmaker, elected in Feb. 21 polls, has died from the disease along with more than 40 other Iranians, and several high-ranking officials have tested positive for the virus.

Azerbaijan said on Saturday it had closed its border with Iran for two weeks to prevent the spread of coronavirus. Two Azerbaijanis who traveled to Iran have tested positive for the disease and quarantined.

Mainland China reported 573 new confirmed coronavirus cases on Feb. 29, up from 427 on the previous day, the country's health authority said on Sunday morning in China. The number of deaths stood at 35, down from 47 on the previous day, and bringing the total death toll in mainland China to 2,870.

The epidemic, which began in China, has killed almost 3,000 people worldwide, the ministry said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.