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Scramble to contain coronavirus as infections spread in Europe

Governments worldwide were scrambling to prevent the spread of the new coronavirus Wednesday after fresh infections emerged linked to European hotspot Italy amid dire warnings that countries are not ready to contain the outbreak.
Giving most concern on that score in the Middle East, Iran emerged as a major hotspot, with 44 further infections reported across the country in the past 24 hours.
In another crucial hotspot, South Korea, the COVID-19 epidemic appeared to pick up speed, with the most infections -- more than 280 -- recorded in a day.
Meanwhile, the number of new cases and deaths declined at the disease epicenter in China although experts warned against being too optimistic on that count.
Italy has become the latest major cause for concern after France, Austria, Croatia, and Switzerland all reported infections in people who had recently been to its worst-hit Lombardy region.
France additionally reported a second death -- this time of one of its nationals after a Chinese tourist died earlier this month.
French authorities are investigating how the man contracted the virus.
Algeria also reported its first case, an Italian national who had arrived in the country last week.
Hundreds of tourists on the Spanish island of Tenerife were confined to a hotel after an Italian tourist was hospitalized as a suspected case.
Several governments are now advising people against travel to Italy, in particular to the regions worst affected in the north, as well as introducing checks for passengers arriving from the country.
Italian authorities have taken drastic measures to contain the outbreak which has seen 11 deaths and more than 320 cases within the country.
Eleven towns have been put in isolation and tens of millions of people have been affected by school closures and the cancellation of cultural and sporting events.
At World Health Organization headquarters in Geneva, Bruce Aylward, who headed an international expert mission to China, hailed the drastic quarantine and containment measures taken by Beijing.
But he told reporters on Tuesday that other nations were "simply not ready" to contain the outbreak.
"You have to be ready to manage this at a larger scale... and it has to be done fast," Aylward said.
The virus has killed 2,715 people and infected over 78,000 in China. There were 52 more deaths reported on Wednesday -- the lowest in three weeks -- with no fatalities outside the epicenter in central Hubei province.
The National Health Commission also reported a drop in new infections to 406, with only five outside Hubei -- a figure that will boost confidence that the rest of the country is at least containing the epidemic.
In the rest of the world, there have been more than 40 deaths and 2,700 cases.
The epidemic's disruption has also grown, with stock markets tumbling around the world, restrictions imposed on travelers and sporting events canceled.
The WHO has called for countries to "prepare for a potential pandemic" -- a term used to describe an epidemic that spreads throughout the world.
Poor countries are particularly at risk, the WHO has warned.
The Korea Centers for Disease Control and Prevention (KCDC) reported 284 new infections Wednesday -- its largest daily increase to date -- taking the overall national tally to 1,261, with the death toll rising to 12.
A 23-year-old US soldier stationed at Camp Carroll in Daegu was also infected. Some 28,500 American troops are deployed in South Korea.
Even the country's deputy health minister Iraj Hariri has said he has contracted the virus.
The country has been straining to contain the epidemic since last week when it announced its first two deaths in Qom, a center for Islamic studies and pilgrims that attracts scholars from all over the world.
US Secretary of State Mike Pompeo, whose country came to the brink of war with Iran earlier this year, said Washington is deeply concerned Tehran "may have suppressed vital details" about the outbreak there.
Gulf countries announced new measures to cut links with Iran in an attempt to stop the spread.
In the United States, which has a few dozen cases, health authorities urged local governments, businesses, and schools to develop plans like canceling mass gatherings or switching to teleworking as the country braces for the virus to spread further.
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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