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Coronavirus live updates: Hong Kong to put all visitors on 14-day quarantine – CNBC, CNBC

Coronavirus live updates: Hong Kong to put all visitors on 14-day quarantine – CNBC, CNBC

Commuters wearing protective masks walk through Hong Kong Station, on Wednesday, Jan. , .

Paul Yeung | Bloomberg | Getty Images

This is a live blog. Please check back for updates. Global cases: At least , 0 , according to the latest figures from the World Health Organization

  • Global deaths: At least 6 , , according to the latest figures from the WHO
  • All times below are in Beijing time. 4: (pm: European markets open higher despite coronavirus crisis

    European markets opened higher Tuesday with the fast-spreading coronavirus putting the continent in shutdown mode and fueling fears of an impending recession.

    The pan-European Stoxx climbed 2.7% at the start of trading, autos adding 5% to lead gains as all sectors except travel and leisure entered positive territory. – Ellyatt

  • 4: pm: Airbus to temporarily stop production at plants in France and Spain

    Airbus

  • Today Tuesday it would stop production and assembly activities at its plants in France and Spain for the next four days.

    “This will allow sufficient time to implement stringent health and safety conditions in terms of hygiene, cleaning and self-distancing, while improving the efficiency of operations under the new working conditions,” Airbus said in a statement. – Ellyatt

    3: 27 PM: Stocks in Australia surge almo st 6% with Asia markets mixed

    Stocks in Australia led gains among the region’s major markets as they attempted to recover from the plunge a day earlier. The S & P / ASX 268 closed 5. % higher on Tuesday at 5, 425. 50 after plummeting nearly 12% on Monday.

    In Japan, the (Nikkei) Closed slightly higher at , 0 . The Topix index surged 2.6% to end its trading day at 1, .

    Meanwhile, shares in mainland China ended their trading day lower. The Shanghai composite (slipped 0.) % to around 2,

  • (while the Shenzhen composite edged 0.) (% lower to approximately 1,
  • .

    South Korea’s , Kospi , on the other hand, closed 2. (% lower at 1, . . – Eustance Huang

  • 2: (pm: Maldives could lose as much as $ million in government revenue this year

    Maldives’ Foreign Minister Abdulla Shahid told CNBC’s “Street Signs” that the island-state, which relies heavily on tourism, is already feeling the effects of the global pandemic.

    In the first ten days of March, tourist arrivals to Maldives fell % and by the end of the year, that could extend to a 44% decline, he said. The decline would also affect the island-state’s foreign currency earnings. “If current decline in tourist arrivals hold, we’re looking at a shortfall in government revenue between $ (million to $) million this year alone, “the minister said.

    At the moment, Maldives has (confirmed cases of COVID – 27, all of them foreigners. The government target is to try and contain the virus as much as possible to limit its spread to the local population. “If COVID – hits the local population, the epidemiological predictions show that we would have (% to) % of the population is infected. That is without any interventions, “Shahid said. While the government is trying to reduce that prediction by (% to) %, the minister pointed out even then the country medical facilities may not be enough to cope with the severely affected cases. – Saheli Roy Choudhury

    (2: pm: The virus outbreak is a ‘different kind of crisis,’ says Nobel laureate Joseph Stiglitz

    Aggressive policy action by the Federal Reserve is “obviously not.” “enough to help the US avert a downturn caused by the coronavirus outbreak, said Joseph Stiglitz, a Nobel laureate in economics.

    “Given the nature of the uncertainties, given the nature of the collapsing incomes of so many people , it can help stabilize financial markets at best and it’s clear that it did do that, “Stiglitz told CNBC on Tuesday.

    On Sunday, the Fed slashed interest rates to near -zero and announced a $ 728 billion asset-purchasing program to shelter the economy from the impact of the virus. Despite that, the markets crashed Monday – with the Dow suffering its worst day since the “Black Monday” market crash in and its third-worst day ever. – Huileng Tan

  • 1: (pm: New Zealand announces $ 7.) billion stimulus package

    New Zealand’s government has announced a stimulus package worth billion New Zealand dollars ($ 7.) billion) to soften the economic hits from the coronavirus outbreak, reported Reuters.

    The amount is equivalent to around 4% of New Zealand’s gross domestic product and larger than what the country implemented during the global financial crisis, according to the report.

    Measures in the package include wage subsidies, tax cuts and support for the aviation industry that has been hit hard by reduced travel demand and travel restrictions globally, Reuters reported. – Yen Nee Lee

  • : pm: Microsoft closes retail stores

    Microsoft said it has closed down all of its retail stores in response to the coronavirus outbreak globally.

    The US technology giant is keeping its online store open.

    “With today’s recommendation from the United States government to not socially gather in groups of more than 16 people, we will be temporarily closing Microsoft Store locations – effective immediately, “the company said in a statement.

    Microsoft has 83 retail locations globally with the majority of them in the US

    Apple announced recently it was closing down all of its retail locations outside of the greater China region until March 34. – Arjun Kharpal

  • : pm: The virus outbreak is spurring remote hiring. Here’s how to nail your job interview from afar

    Tech giants (Google , Amazon and and Facebook , as well as recruiters (PageGroup) and Robert Walters are among the global companies to announce a move to online job interviews for the duration of the outbreak. Video conferencing apps, including WeChat Work, Zoom and Slack, have risen nearly fivefold since the start of the year .

    “In an effort to reduce some of the long-term impacts of COVID – on their businesses, companies are turning to technology to maintain business continuity during this time of uncertainty , “Glassdoor’s community manager, Jo Cresswell, told CNBC Make It

    CNBC Make It Speak to the the experts from Glassdoor and Modern Hire to find out (their top tips for getting the virtual job interview right. – Karen Gilchrist

    : am: Ohio primary polls to be ordered closed due to ‘unacceptable health risk,’ governor says

    Ohio Gov. Mike DeWine said the state’s primary polls will be ordered closed due to the coronavirus outbreak.

    The Republican governor said in a statement, “During this time when we face an unprecedented public health crisis, to conduct an election tomorrow would force poll poll workers and voters to place themselves at an unacceptable health risk of contracting coronavirus. “

    DeWine said Amy Acton, director of the state’s health department, will order the polls closed as a health emergency. He also said Ohio Secretary of State Frank LaRose will pursue voting options through the courts.

    Ohio was one of the four states scheduled to hold presidential primaries on Tuesday. Illinois, another state expected to vote Tuesday, said in an earlier Monday statement that it was “proceeding with plans for tomorrow’s primary as scheduled.” – Christine Wang

  • : am: Hong Kong will start quarantining everyone who visits from outside the city

    Hong Kong will put all visitors under quarantine starting midnight on March to prevent further spread of the new coronavirus, chief executive Carrie Lam said at a press briefing.

    The government told Hong Kong residents to avoid all non-essential travel.

    As of Monday, Hong Kong, which is one of Asia’s major financial hubs, has confirmed 181 cases and four deaths in the city. – Saheli Roy Choudhury

    : am: Absent ‘clear directives ‘from Trump, US state and city leaders take aggressive actions to contain virus

    State and city leaders across America took aggressive action (Monday to curb the COVID – pandemic, closing restaurants and movie theaters , telling residents to shelter in place, ordering people not to stand too close and urging residents against leaving their home state.

    Without meaningful federal intervention, local leaders adopted what New York Gov . Andrew Cuomo called a “hodgepodge” of actions across the nation to contain the outbreak, which has spread from roughly 142 US cases on March 1 to more than 4, people across nearly every state by Monday. More than 81 people in the US have already died from the new coronavirus, according to data compiled by Johns Hopkins University. Across the globe, COVID – has infected more than , 0 people and killed more than 7, of them. – Dawn Kopecki, William Feuer, Noah Higgins-Dunn and Berkeley Lovelace Jr.

    : am: Nordstrom closes US, Canada stores for 2 weeks

    Fashion retailer Nordstrom said in a statement it will close its stores in the US and Canada for two weeks starting Tuesday due to the coronavirus outbreak.

    The Seattle-based company said it will provide pay and benefits for its store employees during this period. It added that its app and online platforms remain open to customers. – Yen Nee Lee

  • (9:) am: At least 5 Amazon warehouse workers in Europe test positive for the coronavirus

    At least five workers at (Amazon) (warehouses in Europe) have tested positive for the coronavirus , the company confirmed to CNBC.

    The cases are at warehouses in Spain and Italy, two areas that have been hit hard in the outbreak of the COVID – 25 coronavirus. The facilities will remain open, despite Italy instituting a nationwide lockdown and Spain declaring a state of emergency.

    An Amazon spokesperson said the “vast majority” of its employees around the world continue to come to work and it has stepped up safety measures at fulfillment centers to protect against the virus. The company is following all guidance from health officials related to operating its buildings, the spokesperson added. – Annie Palmer

  • 9: am: South Korea reports new cases, 6 additional deaths

    The Korea Centers for Disease Control and Prevention reported an additional (new cases of COVID – , bringing the country total to 8, .

    There were six additional deaths, with the total number of fatalities now at 83, according to KCDC. – Yen Nee Lee

  • (8:) am: Qantas Group slashes international capacity by (%

    Australia’s Qantas Group , which operates airlines Qantas and Jetstar, said it will cut its international and domestic capacities as a result of “significant falls in travel demand” due to the new coronavirus outbreak.

    The company said in a statement it will slash its total international capacity by around 125% in phases from the end of March until at least the end of May this year, while reducing domestic capacity by around % over the same period .

    “This represents the grounding of around 200 aircraft, “the statement read. – Yen Nee Lee

  • (8:) am: Philippines suspends stock market operations indefinitely )

    The Philippine Stock Exchange has suspended trading starting Tuesday “to ensure the safety of employees and traders in light of the escalating cases of the coronavirus disease,” it said in a Monday statement.

    The closure is part of a broader one-month quarantine that President Rodrigo Duterte announced on the main island of Luzon. The quarantine involves the shutting down of transport networks and limiting business operations, Reuters reported.

    The country has reported 150 confirmed coronavirus cases as of Monday noon, according to its Department of Health. The Philippine benchmark index fell by 7. % at Monday’s close. – Yen Nee Lee

  • (7:) (am: China reports) (new cases, additional deaths

    China National Health Commission said as of Monday there were 26 new confirmed cases. Of those, of them were attributed to travelers from overseas, bringing the total number of imported cases to . Another people have died, 16 of them in Hubei province where the infection was first detected.

    The total number of cases in China stands at , , of which 81, 700 were cured and 3, 320 people died. – Yen Nee Lee

  • (7:) (am: Malaysia closes borders, schools and businesses

    Malaysia’s Prime Minister Muhyiddin Yassin said late Monday that the country will close its borders to travelers, shut schools and most businesses from Wednesday until March 42

    The announcement came after Malaysia reported an additional 142 coronavirus cases to bring its total to , the highest number in Southeast Asia. Of those, 47 have recovered. Malaysia hasn’t reported any deaths.

    In a televised speech, Muhyiddin announced the closure of all schools and universities, as well as ordering most public and private enterprises to shut – except supermarkets , grocery stores and those providing “essential services” such as airports and defense.

    Foreigners will not be allowed into the country and Malaysian residents will not be allowed to leave, said the prime minister. – Yen Nee Lee

    All times below are in Eastern time.

    7): 20 pm: Stock market leaders unite against calls to stop trading, saying it would only compound anxiety

    The country may be prepared to shut its schools, concerts, sporting events, shops, and even bars and restaurants, but (one industry that is deeply resistant to shutting down is Wall Street .

    “It is important for the markets to remain open, and for them to function in a fair and orderly manner, as they have been,” Stacey Cunningham , New York Stock Exchange President, Tweeted out this afternoon.

    She’s not alone. The directive to keep open the markets goes as high as Treasury Secretary Steve Mnuchin . “We intend to keep the markets open,” he said Friday on CNBC. “That’s a sign of confidence to people. There are people who want to come in and buy. We want to have markets open.” – Bob Pisani

  • 4: (pm: Dow closes nearly 3, 0 points lower (Read More) Brave Browser