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Oil gains on OPEC+ deal, stocks stymied by pandemic worries

TOKYO/SINGAPORE (Reuters) – Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output. U.S. ... More »

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Oil climbs after OPEC+ agree record output cut

SINGAPORE (Reuters) – Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it won’t be enough to head off oversupply with the coronavirus pandemic hammering demand. After four day... More »

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Factbox: Coronavirus spread closes North American meat plants

CHICAGO (Reuters) – Major meat companies in the United States and Canada have closed plants temporarily due to cases of the new coronavirus and concerns about its spread. Here are some facilities that have shut or reduced production: * JBS USA [JBS.UL] shut a ... More »

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Russia reports new record daily rise of coronavirus cases

MOSCOW (Reuters) – Russia on Monday reported 2,558 new cases of the novel coronavirus, a record daily rise, bringing its overall nationwide tally to 18,328. Russia’s coronavirus crisis response centre said that 148 people diagnosed with the virus have died so ... More »

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China says there is no discrimination against ‘African brothers’

BEIJING (Reuters) – China said on Monday there was no discrimination against “African brothers” in the country and rejected U.S. accusations of mistreatment of Africans in Guangzhou as an attempt to harm Beijing’s relations with African nations. Foreign minist... More »

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‘Rice ATM’ feeds Vietnam’s poor amid virus lockdown

HO CHI MINH CITY (Reuters) – A Vietnamese entrepreneur in Ho Chi Minh City has invented a 24/7 automatic dispensing machine providing free rice for people out of work following an ongoing nationwide lockdown to curb the spread of the novel coronavirus. Vietnam... More »

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Baseball, soccer seasons get underway in Taiwan

TAIPEI (Reuters) – The baseball and soccer seasons got underway behind closed doors in Taiwan at the weekend, providing rare live action for fans at home at a time when the COVID-19 pandemic has shut down most professional sport around the globe. Taiwan has be... More »

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Goldman Sachs still sees crude prices falling after OPEC+ deal

(Reuters) – Goldman Sachs said on Sunday that oil prices would continue to fall in the coming weeks, reasoning that a “historic yet insufficient” deal by major oil producers to cut output is unlikely to offset a coronavirus-led demand rout. The Organization of... More »

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Thailand reports 28 new coronavirus cases, two new deaths

BANGKOK (Reuters) – Thailand reported 28 new coronavirus cases and 2 new deaths on Monday. Of the new cases, 18 are linked to previous cases, 7 without connection to old cases, and 3 are Thai nationals who had traveled to South Sulawesi province, Indonesia for... More »

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ITTF chief mulls scrapping individual world championships

SYDNEY (Reuters) – International Table Tennis Federation (ITTF) chief Steve Dainton has suggested the sport’s annual individual world championships be scrapped, with champions instead decided by the winners of the new “Grand Smash” mega tournaments. The world ... More »

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Nintendo game pulled from Chinese platforms after Hong Kong protest

HONG KONG (Reuters) – A Nintendo Switch video game has been pulled off China’s grey market e-commerce platforms, Reuters’ checks show, after Hong Kong activist Joshua Wong used the game to protest against Beijing’s rule of the Chinese territory. The game, “Ani... More »

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Indonesia leans on healthtech startups to cope with virus surge

JAKARTA (Reuters) – As coronavirus cases surge in Indonesia, doctors are working double-time treating patients both at hospitals and online through healthtech startups – an approach that is quickly becoming part of the national healthcare system. Doctor Mohamm... More »

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Dollar borrowing costs drop to lowest in decade in FX swap markets

LONDON (Reuters) – Dollar borrowing costs in the foreign exchange swap markets retreated further on Monday, with swap rates against the euro and pound falling to their lowest levels in more than a decade. These moves indicate recent emergency actions by global... More »

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Euro zone investor morale hits all-time low on coronavirus – Sentix

BERLIN (Reuters) – Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the e... More »

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Insurers warns on forced payouts for uncovered coronavirus losses

LONDON (Reuters) – The Global Federation of Insurance Associations on Monday warned the world’s governments of the danger of forcing insurers to pay out for losses suffered due to the coronavirus even when pandemic losses were not included in existing policies... More »

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Japanese celebrity redesigns signature song as hand washing melody

TOKYO (Reuters) – Japanese social media celebrity Pikotaro returned as a leading twitter trend in Japan with a coronavirus hand washing song that repurposes his signature Pen-Pineapple-Apple-Pen (PPAP) to Pray-for-People-and-Peace. The video was among the top ... More »

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Japan PM to declare state of emergency of up to 6 months: media

TOKYO (Reuters) – Japan will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus, media reported, with the government preparing a stimulus package to soften the blow on an economy already struggling to avoid a recession. More than... More »

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Japan’s coronavirus panel to meet at 0500 GMT: Nikkei

TOKYO (Reuters) – The Japanese government’s advisory panel on the new coronavirus outbreak will meet on Monday at 0500 GMT in preparation for Prime Minister Shinzo Abe to declare a state of emergency, the Nikkei business daily reported. Source: https://www.reu... More »

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UK car sector slashes 2020 sales forecast by 23% due to coronavirus

LONDON (Reuters) – A group representing Britain’s car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represented a 25% fall from the number of new car registrations in 2... More »

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Cyclone pounds Vanuatu, levelling buildings, amid virus shutdown

SYDNEY (Reuters) – A powerful tropical cyclone made landfall on the South Pacific island nation of Vanuatu on Monday, witnesses said, levelling buildings in a country already in a state of emergency due to concerns about the coronavirus. Cyclone Harold approac... More »

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China sees rise in asymptomatic coronavirus cases

BEIJING (Reuters) – Mainland China reported 39 new coronavirus cases as of Sunday, up from 30 a day earlier, and the number of asymptomatic cases also surged, as Beijing continued to struggle to extinguish the outbreak despite drastic containment efforts. The ... More »

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Jabeur mulls swapping rackets for dancing shoes in lockdown

MUMBAI (Reuters) – Tunisian trailblazer Ons Jabeur is holed up in New York due to the coronavirus pandemic and says she is contemplating taking up dancing to remain fit as the tennis world finds innovative ways to deal with the lockdown. The 25-year-old became... More »

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Take Five: Life in the time of corona

LONDON (Reuters) – 1/LOOKING TO CHINA The world’s biggest economy won’t be open for business by Easter, as U.S. President Donald Trump had hoped, but the second biggest economy may come close. How China fares offers a guide to other countries when their corona... More »

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Stocks jump on virus slowdown hopes, but oil slips on oversupply

SYDNEY (Reuters) – Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive. Equity i... More »

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Russia’s coronavirus cases jump by almost 1,000 in 24 hours

MOSCOW (Reuters) – Russia’s coronavirus case tally has risen to 6,343 in the past 24 hours, a record daily increase of 954, the country’s crisis response centre said on Monday. Cases have been recorded widely, but Moscow remains the epicentre of the outbreak w... More »

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Tiger at New York’s Bronx Zoo tests positive for coronavirus

(Reuters) – A tiger at the Bronx Zoo in New York City has tested positive for the respiratory disease caused by the novel coronavirus, in the first known case of a human infecting an animal and making it sick, the zoo’s chief veterinarian said on Sunday. Nadia... More »

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Thailand reports 51 new coronavirus cases, three more deaths

BANGKOK (Reuters) – Thailand reported 51 new coronavirus cases and three more deaths on Monday, according to a spokesman for the government’s Center for COVID-19 Situation Administration. Thirteen of the new cases were medical personnel who attended to infecte... More »

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South Korea reports fewer than 50 new coronavirus cases

SEOUL (Reuters) – South Korea reported fewer than 50 new coronavirus cases for the first time since its peak at the end of February as daily infections in Asia’s largest outbreak outside China continued to trend downward. The Korea Centers for Disease Control ... More »

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Triathlon: Blame it on the husband, says triathlete Carfrae

(Reuters) – Australian triathlete Mirinda Carfrae was cruising along in second place in a virtual bike race when she unexpectedly lost her way. The former world champion, competing from her home in Boulder, Colorado, was suddenly left facing a blank screen dur... More »

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Masks do reduce spread of flu and some coronaviruses, study finds

LONDON (Reuters) – Face masks could help limit the spread of the COVID-19 pandemic, according to researchers who studied the effect of surgical masks on the transmission of other corona and flu viruses. In the study, the use of surgical masks by sufferers sign... More »

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Ukraine tightens restrictions to fight coronavirus spread

KIEV (Reuters) – Ukraine’s government on Friday imposed a series of new restrictions designed to prevent the coronavirus outbreak spreading widely but said it hoped to soften the measures again in late April. Ukraine reported 138 new cases of the coronavirus o... More »

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Global stocks edge lower on economic toll from virus- oil rallies

NEW YORK (Reuters) – Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply. Investors sought out safe havens in the ... More »

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Russia sends medical aid to Serbia to fight coronavirus

MOSCOW (Reuters) – Russia will send 11 military planes carrying medical equipment to Serbia to help it fight the coronavirus outbreak, the defence ministry in Moscow said on Friday. The announcement came a day after the Kremlin said Serbian President Aleksanda... More »

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With over a million coronavirus cases, economic freefall looms

BEIJING/NEW YORK (Reuters) – Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States and western Europe while the world economy nosedived. In th... More »

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OPEC+ debates biggest ever cut as virus destroys oil demand

DUBAI/LONDON/MOSCOW (Reuters) – OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the ... More »

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SoftBank’s Son tests state of emergency appetite via Twitter poll

TOKYO (Reuters) – SoftBank Group Corp founder and CEO Masayoshi Son on Friday began polling his Twitter followers over whether a state of emergency should be declared, as the number of people in Tokyo infected with the coronavirus continues to rise. Son also d... More »

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Global coronavirus cases surpass one million

(Reuters) – Global coronavirus cases surpassed 1 million on Thursday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally of official data. Italy had the ... More »

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Fujifilm says new coronavirus test can produce results in two hours

TOKYO (Reuters) – Fujifilm Holdings Corp said it has developed a new, faster test for the novel coronavirus that that causes the COVID-19 disease, reducing the time of results delivery to about two hours. The test was developed by subsidiary Fujifilm Wako Pure... More »

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Coronavirus threatens to knock South Korea off 5G leadership perch

SEOUL (Reuters) – South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns. The Asia... More »

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Olympics: AOC boss Coates takes pay cut due to coronavirus

MELBOURNE (Reuters) – Australian Olympic Committee (AOC) President John Coates said on Friday he has taken a 20% cut to his “consulting fees” due to the coronavirus crisis. Coates’s fees were A$594,000 ($360,000) for 2020 but he said he would take only A$475,6... More »

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Basketball-Australia’s NBL denies Hawks sold to NBA prospect Ball

MELBOURNE (Reuters) – Australia’s National Basketball League (NBL) has denied the struggling Illawarra Hawks club have been sold to teenage NBA prospect LaMelo Ball after the player’s manager said it was a “done deal”. Ball, seen as a potential number one pick... More »

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Landmark skull fossil provides surprising human evolution clues

WASHINGTON (Reuters) – Scientists have solved a longstanding mystery over the age of a landmark skull found in 1921 in Zambia – the first fossil of an extinct human species discovered in Africa – in research with big implications for deciphering the origin of ... More »

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April Fools! K-Pop star pranks his fans that he has coronavirus

SEOUL (Reuters) – A South Korean K-Pop star on Wednesday pulled an April Fool’s prank announcing that he had contracted coronavirus, and later removed the Instagram post after triggering a backlash. Kim Jae-joong, a member of boyband JYJ, posted on his Instagr... More »

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Mother of invention: the new gadgets dreamt up to fight coronavirus

LONDON/OAKLAND/BUCHAREST (Reuters) – Driving to work at his factory to the west of London last week, designer Steve Brooks had coronavirus on his mind. What could he make that would let him open a door without touching the handle? “Everyone has to use their li... More »

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Asia shares suffer virus chills, central banks offer cold comfort

SYDNEY/HONG KONG (Reuters) – Asian shares slid on Monday as fears mounted that the global coronavirus shutdown could last for months although markets regained some lost ground late in the session with Australia posting a standout jump. U.S. and European future... More »

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Drop in China’s new coronavirus cases- none in Wuhan for sixth day

WUHAN, China (Reuters) – China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world’s second-largest eco... More »

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Tokyo Olympics president says new Games date could come this week

TOKYO (Reuters) – A decision on a new date for Japan’s Olympics, postponed because of a coronavirus pandemic, could come as early as this week, the president of the Tokyo organizing committee, Yoshiro Mori, said on Monday. Last week’s postponement is a huge bl... More »

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Japan has no plan to declare state of emergency April 1: Suga

TOKYO (Reuters) – Japan’s top government spokesman said on Monday there was no truth to rumors the government was planning to declare a state of emergency from April 1 to slow the spread of the coronavirus pandemic. Chief Cabinet Secretary Yoshihide Suga also ... More »

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Britain orders 10,000 ventilators from F1, aerospace consortium

LONDON (Reuters) – Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing teams which have met an urgent government plea for help with production due to start this week. The group, including ... More »

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Thai Airways may cut some plane types for good after grounding jets

BANGKOK (Reuters) – Thai Airways International Pcl (THAI.BK) may permanently reduce the number of aircraft types it deploys once the coronavirus outbreak that has caused the company to ground most of its fleet ends, said a senior government official on Monday.... More »

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Gazprom workers leave hospital after negative coronavirus tests

MOSCOW (Reuters) – Twenty Gazprom workers, who were airlifted to hospital following a coronavirus scare last week, have been discharged after the tests came back negative, a Gazprom spokesman said on Monday. The workers were quarantined at Bovanenkovo gas fiel... More »

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Wimbledon will be canceled, says German tennis official – report

(Reuters) – Wimbledon organizers will announce the cancellation of the grasscourt Grand Slam this week due to the coronavirus pandemic, German Tennis Federation (DTB) vice-president Dirk Hordorff has told Sky Sports. All England Lawn Tennis Club (AELTC) offici... More »

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China’s Geely warns of virus headwind after 35% 2019 profit drop

BEIJING (Reuters) – China’s Geely Automobile Holdings Ltd (0175.HK) on Monday said 2020 may be “amongst the most difficult years” in its history, as pressure stemming from the coronavirus pandemic on production and sales is likely to persist in the near future... More »

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Japanese comedian Ken Shimura dies from coronavirus

TOKYO (Reuters) – Japanese comedian Ken Shimura, who had been hospitalized after being infected with the new coronavirus, has died, becoming the first Japanese celebrity to die of the virus. His death, late on Sunday, set off widespread grief among fans. Shimu... More »

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Former NBA star trying to broker deal to ship masks to New York

(Reuters) – Beijing-based retired basketball star Stephon Marbury is arranging an urgent shipment of surgical masks from China to New York to fight the coronavirus, he said on social media on Sunday. Marbury, who was born on New York’s Coney Island, said he wa... More »