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HK shutdown a lesson in halting virus

Bloomberg As the world struggles with the rapid spread of Covid-19, Hong Kong appears to be having success controlling it — in part because the memory of a similar virus in 2003 prompted a public outcry early on. Hong Kong’s government quickly implemented restrictive “social distancing” measures now being hotly debated around the world, in part because of pressure from ...

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S’pore faces bigger contraction from Malaysia lockdown

Bloomberg Malaysia’s lockdown is the latest threat to a Singapore economy already reeling from the coronavirus outbreak. The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move to ban all visitors and prevent residents from traveling overseas for about two weeks will choke off a key labour channel. Maybank Kim Eng Research Pte estimates that about ...

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Italy clears $28bn spending plan to fight coronavirus

Bloomberg Italy’s government approved a 25 billion-euro ($28 billion) package to support its strained health system while helping businesses and families counter the economic impact of Europe’s worst coronavirus outbreak. The decree, approved at a cabinet meeting chaired by Prime Minister Giuseppe Conte, laid out new measures ranging from suspending tax payments to helping cover layoffs to mortgage relief, as ...

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