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Trump Writes to Kim; Singapore Tightens Entry: Virus Update Mar 22, 2020
 
More countries tightened international and domestic travel as the coronavirus spread showed little signs of easing, with the number of infections topping 300,000 globally.

Italy is shutting almost all industrial output after reporting the most coronavirus deaths in a day. The U.S. closed in on a deal for an aid package to boost the virus-battered economy by $2 trillion.

Infections surged in countries including U.K., France and Thailand. Spain’s leader said the outbreak will worsen this week. U.K. pubs closed, and New York will shut non-essential businesses on Sunday.

China’s Hubei province, which was the epicenter of the outbreak, had no new cases for a fourth day. Australia deployed an additional A$66 billion ($38.2 billion) in stimulus. Singapore will bar short-term visitors from entering or transiting through the city-state, while work-permit holders risk not being able to enter anytime soon.

Key Developments:
Worldwide cases exceed 307,000, more than 13,000 dead
Italy deaths jump 19% to 4,825; cases rise to 53,578
U.S. cases top 26,000
France fatalities rise to 562
U.S. Vice President Mike Pence tested negative for Covid-19
Italy rocked by deadliest day as virus prompts industry shutdown
Covid-19 is becoming the disease that divides American society
Bondi Beach crowds spur threat of “draconian” virus controls
Subscribe to a daily update on the virus from Bloomberg’s Prognosis team here.

Click VRUS on the terminal for news and data on the coronavirus and here for maps and charts. For analysis of the impact from Bloomberg Economics, click here. To see the impact on oil and commodities demand, click here.

All Beijing International Flights Must Stop Elsewhere First (1:56 p.m. HK)
All international flights bound for Beijing will have to first stop in one of 12 designated cities for those on board to take coronavirus tests before arriving at the capital, which is seeing more imported infections.

The new rule is tighter than one announced on March 19, which only applied to some overseas flights to Beijing, the government said Sunday. The 12 cities include Shanghai, Tianjin, Qingdao, Nanjing, Dalian and Xi’an.

Japan Urges Residents to Limit Non-Urgent U.S. Travel (1:49 p.m. HK)
Japan’s foreign ministry asked residents to refrain from making non-essential trips to the U.S. because of the increase in coronavirus cases there.

Trump Sends Letter to North Korea Offering Help Fighting Virus (1:35 p.m. HK)
U.S. President Donald Trump sent a letter to North Korean leader Kim Jong Un offering help fighting the coronavirus outbreak.

The letter also included a plan for advancing ties between the countries, according to a statement from Kim’s sister, Kim Yo Jong, that was published by state-run Korean Central News Agency.

Read more here.

Thailand, India Report New Cases (12:53 p.m. HK)
Thailand reported 188 more coronavirus cases, the highest daily increase so far, bringing the total to 599.

Separately, India said cases in the country rose to 341. South Korea reported 98 new virus cases, bringing the total to 8,897. The number of deaths rose by two to 104.

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Source: www.bloomberg.com
 
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