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Thursday, 12 March 2020

Coronavirus live updates: Europe shuts down schools as markets tumble, sporting world in crisis

New York to ban gatherings over 500 people; Arsenal coach tests positive; Australian Grand Prix cancelled, Italy deaths pass 1,000. Follow the latest news

Princess Cruises, the operator of two ocean liners that were quarantined after they became hotbeds for coronavirus infections, said on Thursday it would suspend voyages of all its 18 ships for two months.

The suspension upends an industry already struggling with cancellations following the outbreak, and comes after Finland’s Viking Line temporarily paused operations of its river ships and ocean liners around the world, Reuters reports.

“Never ... in the 20 years I have served in this company, have we been tested in ways we have been tested over the past 40 days,” Jan Swartz, president of Princess Cruises, said on the operator’s official YouTube channel, addressing the decision to suspend operations. “This is perhaps the most difficult decision in our history.”

The Australian market tumbled almost 7% on opening, setting it up for a second day running of heavy losses due to the coronavirus crisis.

Blue chip stocks tumbled as they began trading shortly after 10am, with shares in big miners BHP and Rio, both of which fell overnight in London, where they are also listed, tumbling 6.8% and 4.55% respectively.

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from World news | The Guardian https://ift.tt/38Iuf5T

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