Macau casinos, bars, cinemas to be closed

MACAU:MACAU said on Tuesday it will temporarily close all casinos and many other entertainment venues as the gambling hub battles the deadly coronavirus, cutting off the lifeblood of the city’s economy. The move came as the former Portuguese colony confirmed its 10th case of the virus.

Other countries are counting the economic cost of the outbreak. Delegates from the OPEC club of oil-producing countries as well as their ally Russia - began a meeting at the organisation’s headquarters in Vienna on Tuesday to discuss the impact of the outbreak on global demand. Crude prices have tumbled since the outbreak in China, which is a huge consumer of crude.

Travel restrictions from China could impact city and state economies across the US, which have benefited from a huge jump in tourism from China. The loss in Chinese visitor spending is estimated at $10.3 billion.

Hyundai Motor will suspend production in South Korea because the outbreak has disrupted the supply of parts, becoming the first major carmaker to do so outside of China. Automakers Tesla, Ford, PSA Peugeot Citroen , Nissan and Honda Motor have already extended factory closures in China in line with government guidelines.

A ‘PEOPLE’S WAR’ ON THE STREETS OF CHINA

President Xi Jinping, according to state media, told a top meeting of the Communist Party of China (CPC) on Monday that China has launched a “people’s war” on the coronavirus epidemic.

In India, one might associate “people’s war” with the far-left movement. But in China, “people’s” is pretty much mainstream. The central bank is the people’s, the currency is the people’s and even the armed forces’ is