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China mourns virus dead as Americans told to wear masks

China paid homage Saturday to victims of the coronavirus in the place where the global pandemic began, as Americans were warned to wear masks amid fears the disease can be spread by breathing. China
The advice came as America logged another huge rise in its death toll -- almost 1,500 in one day -- and as new infections continued unabated.
Since COVID-19 emerged late last year, around 1.1 million people have fallen ill. Almost 60,000 people have died.
China, which appears to be over the worst of its outbreak, on Saturday held a national day of mourning for its dead -- well over 3,000 people have died since the virus emerged there late last year.
Cars, trains, and ships sounded their horns, and air-raid sirens wailed, as flags were flown at half-staff from 10 am (0200 GMT).
Beijing has said the observance is a chance to mourn virus "martyrs" -- an honorific title bestowed by the government this week on 14 medical workers who died fighting the outbreak -- including the man who was punished by officials for raising the initial alarm. China
"I feel a lot of sorrow about our colleagues and patients who died," said Xu, a nurse who worked on the front lines in the central city of Wuhan, where the virus was first detected.
"I hope they can rest well in heaven."
While there are signs of normality returning in some parts of China as movement restrictions are eased, large swathes of the world remain in dire straits.
Europe accounts for the lion's share of the dead, with Italy and Spain bearing the brunt.
But the situation is rapidly deteriorating in the United States, and President Donald Trump's administration on Friday suggested widespread use of simple masks or scarves might help stem the rocketing infection rate. China
"It's going to be a voluntary thing," Trump said. "You don't have to do it and I'm choosing not to do it, but some people may want to do it and that's okay."
Anthony Fauci, head of infectious diseases at the National Institutes of Health, cited "recent information that the virus can be spread even when people just speak as opposed to coughing and sneezing."
The World Health Organization has been more cautious, saying the airborne threat was only known to occur during certain medical treatments.
The US recommendation will likely worsen an already severe shortage of masks in the United States and Europe, which both rely heavily on imports from China.
Officials in New York, the worst affected part of the US, began advising people to wear masks some days ago, and there were signs on the streets that the advice was being heeded.
"I am trying to protect me and my family. If everybody protects themselves, it's better for all of us," Eddie Marrero, a 58-year-old handyman, told AFP.
Around 278,000 Americans have tested positive for the disease, and the infection curve shows no sign of flattening, despite nine in 10 citizens living under some sort of lockdown. China
Field hospitals are sprouting in convention centers, sports arenas and parking lots all over the country as states gird for an expected influx of patients.
Europe's awful death toll hit 40,000 on Friday, with Spain reporting more than 900 deaths in 24 hours.
Spaniard Javier Lara survived after being put on oxygen in an overcrowded intensive care unit -- a shock to a 29-year-old who was athletic and does not smoke.
"I was panicking that my daughter would get infected. When I started showing symptoms, I said I wouldn't hold her or go near her," he said, describing facing death with an eight-week-old as the "worst moment" in his life.
But there were also signs the peak may have hit on the continent.
Hardest-hit Italy recorded 766 new deaths but its infections rose by just four percent, the lowest yet, according to the civil protection service.
"It's true that the latest figures, as high as they are, give us a little bit of hope, as the growth in new infections is slower than it was a few days ago," said Chancellor Angela Merkel of Germany, where strict social distancing measures are credited with curbing the spread.
"But it is definitely much too early to see a clear trend in that, and it is certainly too early to think in any way about relaxing the strict rules we have given ourselves," she added.
There was, however, yet another warning over the fate of the less developed world, especially conflict zones or places with large refugee populations.
"The worst is yet to come," UN Secretary-General Antonio Guterres said, referring to countries such as Syria, Libya, and Yemen. "The COVID-19 storm is now coming to all these theaters of conflict." China
The world economy has been pummelled by the virus and associated lockdowns, with millions more people signing on for unemployment payments in the US.
Financial ratings agency Fitch predicted the US and eurozone economies would shrink this quarter by up to 30 percent and the Asian Development Bank warned the global economy could take a $4.1 trillion hit -- equivalent to five percent of worldwide output.
Latin America is heading into a "deep recession" with an expected drop of 1.8 to 4.0 percent in GDP, according to the UN. levant
source: Reuters levant
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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