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China virus death toll tops 1,100 as new cases fall

The death toll from China's coronavirus epidemic climbed past 1,100 on Wednesday but the number of new cases fell for a second straight day, raising hope the outbreak could peak later this month.
As Beijing scrambles to contain the outbreak, the number of people infected on a cruise ship off Japan's coast rose to 174 -- the biggest cluster outside the Chinese mainland.
Another 97 people died in China, raising the national toll to 1,113, while more than 44,600 people have now been infected by newly named COVID-19 virus.
The World Health Organization warned the virus posed a "very grave threat", but that there a "realistic chance" of curbing the outbreak.
Most of the deaths and the majority of cases have been in central Hubei province, whose capital, Wuhan, is the epicenter of the outbreak. Some 56 million have been placed under lockdown in the province.
The epidemic has threatened to harm the world's second-largest economy, with ANZ bank warning that China's first-quarter GPD growth would slow to 3.2-4.0 percent, down from a previous projection of 5.0 percent.
But in a positive development, the number of new cases has fallen in Hubei for two straight days, according to figures from the National Health Commission.
Outside the province, the number of new patients has declined for the past week.
"In general, the number of new cases is now slowly decreasing," Zhong Nanshan, a renowned scientist at China's National Health Commission, said in a video conference with medical staff in Wuhan on Tuesday.
"When does the turning point occur? I can't say. But I think it's at its peak in mid- to late-February," he said.
Australia's chief medical officer was more circumspect, however.
"I think we've just got to watch the data very closely over the coming weeks before we make any predictions," Brendan Murphy told the Australian Broadcasting Corporation.
In Geneva, the WHO is hosting a two-day international conference on combatting the virus during which it decided to name it COVID-19 -- in keeping with guidelines aimed at avoiding linking disease to an animal or a geographic location.
Warning it posed a "very grave threat" to the world, WHO chief Tedros Adhanom Ghebreyesus said there was a "window of opportunity to hit hard and stand in unison to fight this virus in every corner".
"We are not defenseless," Tedros said, adding: "If we invest now... we have a realistic chance of stopping this outbreak."
In addition to locking down Hubei, authorities have restricted movements in several other cities far from the epicenter in its unprecedented effort to contain the virus.
Several countries have banned arrivals from China, while major airlines have halted flights to and from the country, as hundreds of people have now been infected in some two-dozen countries.
The biggest cluster of cases outside China is on a cruise ship quarantined off Japan's coast.
An additional 39 people on board the Diamond Princess have tested positive for COVID-19, raising the total of cases to 174, while thousands of passengers and crew face the second week in quarantine.
The case of a British man who passed on the virus to at least 11 other people -- without having been in China -- has raised fears of a new phase of contagion abroad.
The 53-year-old man caught the virus while attending a conference in Singapore and then passed it on to several compatriots while on holiday in the French Alps, before finally being diagnosed back in Britain.
Given China's economic heft and position at the nexus of global supply chains, the virus is affecting companies far and wide and across multiple sectors across the world.
International conferences are also being affected, with this week's Singapore Air Show -- Asia's biggest -- badly hit by exhibitors withdrawing and low attendance.
US chip giant Intel, Facebook, Chinese phone maker Vivo, and Cisco, meanwhile, have all withdrawn from the Mobile World Congress in Barcelona over coronavirus fears, joining other industry heavyweights pulling out of the world's top mobile fair.
source: AFP
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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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