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Italy reports fourth coronavirus death as infections mount

Italy reported Monday its fourth death from the new coronavirus, an 84-year old man in the northern Lombardy region, as the number of people contracting the virus continued to mount.
It was the third death in Lombardy, where villages have been put in lockdown and security measures enforced in a bid to stem the spread of the disease, the region's health department said.
Prime Minister Giuseppe Conte has said that residents could face weeks of lockdown to sit out the virus.
The president of the Lombardy region Attilo Fontana said 165 people had now tested positive in the region, the worst-hit zone in Italy.
The country now has the most confirmed cases in Europe.
"The number is still rising, but we are sure that the measures taken will prevent it from spreading further," Fontana said.
Eleven towns -- 10 in Lombardy and one in neighboring Veneto -- are under lockdown, with some 50,000 residents prohibited from leaving.
Regional authorities have ordered gathering spots, such as bars, restaurants, and discos to close.
The spread of the virus has disrupted high profile events including Milan Fashion Week and the Venice Carnival while Serie A football matches have been postponed. Operas have also had to be canceled at Milan's famed La Scala.
Churches are being kept open but all masses have been canceled.
The stock market in Milan was down more than 4.0 percent on Monday morning in a broad-based sell-off.
Most of the cases in Italy are in Lombardy, a prosperous region in the country's north, and can be traced back to a 38-year-old man whom authorities have called "patient one".
Investigators are reconstructing minute by minute the man's movements over the past few weeks -- where he slept, ate, walked -- in a bid to trace everyone he could have come into contact with.
"We had the most unfortunate situation possible; the outbreak of an epidemic in a hospital," infectious disease expert Massimo Galli told the Corriere Della Sera daily.
"Unfortunately, in these cases, a hospital can turn into a frightening amplifier of contagion," he said.
The 38-year old had not traveled to China and doctors failed to treat him with the necessary precautions.
The man initially believed to have given him the virus after returning from Shanghai later tested negative.
"We still do not know who brought the coronavirus to Codogno," Galli said, referring to another small town.
Fontana urged residents to stay calm and stop panic buying, saying "rushing to stock up on food doesn't make any sense. There are enough supplies".
Schools have been closed as a precaution in Lombardy, Veneto, Piedmont, Emilia Romagna, and Friuli Venezia Giulia.
Lombardy shares a border with France, while the other regions also neighbor Switzerland and Austria.
France has said there is no need to close borders in response to the spread of the virus in Italy.
Trains and metros into and out of Milan were running half-empty at rush hour Monday, with passengers using face masks or covering their mouths and noses with scarves.
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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