Losses force closure of top night spot at Star City

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Portfolio puts new deals in the Frame

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Development agency plans limited partnership first

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Manchester rethink on rights of light

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Plans in for 3.5m sq ft Corby shed scheme

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Philippines observes ‘no-contact’ Ash Wednesday to beat virus

first_img“It makes me feel safe,” said Wendy Tamidles, a 19-year-old student.She was among thousands of people, some wearing surgical masks, who lined up at Baclaran church in Manila for services on Wednesday.Ash Wednesday marks the beginning of Lent, the run-up to Easter, and includes Catholics having crosses drawn in ash on their foreheads.The Philippines is overwhelmingly Catholic, with some 80 percent of its people said to be believers. Its unique brand of the religion also includes gruesome annual re-enactments of the crucifixion of Jesus Christ. Local church officials have also “strongly recommended” that Catholics do not kiss or touch the cross during Good Friday services, which is usually common practice.”We are being cautious so that the coronavirus won’t spread,” said Victorino Cueto, rector of Baclaran church.For at least one participant, 62-year-old, Roberto Moreno, the no-touch policy had no impact on the meaning of the day.”The message is the same: we came from ash and to ash we shall return.” Filipinos marked Ash Wednesday with a bow and a sprinkling of dust instead of a cross being daubed on their foreheads, as Asia’s bastion of Catholicism guarded against the spread of coronavirus.Leaders of the Philippine church urged priests to adapt the rite in order to reduce the risk of fanning a contagion that has killed over 2,700, mostly in China.Since the outbreak, which has resulted in three confirmed cases and one death in the Philippines, churches have also discouraged worshippers from holding hands during mass.center_img Topics :last_img read more

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COVID 19: Family quarantined at W. Kalimantan hospital after returning from virus-stricken S. Korea

first_imgA family of four has been put in isolation at a hospital in Singkawang, West Kalimantan after the family’s five-year-old child exhibited symptoms consistent with COVID-19 following a recent trip to South Korea.The four are currently under isolation at Abdul Azis Regional General Hospital (RSUD Abdul Azis) after returning from Seoul, South Korea, 10 days ago.With over 5,700 confirmed cases as of Thursday, South Korea is the country with the second-largest number of COVID-19 cases, behind only mainland China, the epicenter of the outbreak. The 5 year-old child is suffering from a cough, runny nose and fever and had initially been treated at RSUD Bengkayang, but was then transferred to RSUD Abdul Aziz on Wednesdaty after the fever got worse. Other members of the family were also put under quarantine at the hospital as they recently traveled to a country hard hit by COVID-19.”These patients are being treated as suspected [COVID-19 patients] because they returned [from Seoul] 10 days ago. They’ll be isolated for three to four days, because the incubation period [of the virus] is 14 days,” RSUD Abdul Azis Singkawang director Ruchanihadi said as quoted by kompas.com.He added that the hospital had taken the family’s blood samples, while swabs would be taken on Thursday.”We’ll send the samples to Jakarta for analysis,” he said.Indonesia has reported two confirmed COVID-19 cases, both of whom are currently being treated at the Sulianti Saroso Infectious Diseases Hospital in Jakarta. (ars)Topics :last_img read more

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Oil slumps below $30 a barrel as coronavirus spreads, OPEC rancor remains elevated

first_imgOil prices fell below US$30 a barrel on Monday after the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the spread of the disease would spark a global recession.Saudi Aramco reiterated plans to boost output to record levels to boost its share of the global market. Top global oil producers Saudi Arabia and Russia started a price war after failing to agree on a plan to curb supply as the global economic slowdown destroys oil demand.The coming flood of supply from Saudi Arabia and other producers could result in the largest surplus of crude in history, said global information provider IHS Markit. With Saudi Arabia and Russia pledging to boost production, IHS Markit estimates that oversupply of oil could come to 800 million to 1.3 billion barrels — double or triple what existed in late 2015 to early 2016, when the Organization of the Petroleum Exporting Countries pumped more oil to combat the growing US shale industry.“The last time that there was a global surplus of this magnitude was never. Prior to this, the largest six-month global surplus this century was 360 million barrels. What is coming will be twice that or more,” said Jim Burkhard, vice president and head of oil markets at IHS Markit.An OPEC and non-OPEC technical meeting planned for Wednesday in Vienna has been called off as attempts to mediate between Saudi Arabia and Russia made no progress, sources said.Central banks globally took action over the weekend to try to quell economic fallout of the pandemic, but the measures did little to strengthen stock markets in freefall, as investors anticipate a sharp contraction in demand in coming weeks anyway.The US Federal Reserve on Sunday slashed its key rate to near zero, triggering an unscheduled rate cut by the Reserve Bank of New Zealand to a record low as markets in Asia opened for trading this week.The Bank of Japan later stepped in by easing monetary policy further, while Gulf central banks also cut interest rates.In China, where the virus began, daily refinery throughputs dropped 4.8 percent in the first two months of the year, sliding to the lowest level since December 2018, data from the National Bureau of Statistics showed on Monday.Brent’s premium to WTI narrowed to less than $1 during Monday’s session, falling to its lowest since 2016, making US crude oil uncompetitive in international markets.Numerous US oil companies have swiftly cut spending, with analysts anticipating consolidation or restructurings. US crude output has grown in recent years to nearly 13 million bpd, making it the world’s largest producer.“Some of them (US shale oil companies) may not survive prolonged low oil prices, and in this event US production would decrease. Less crude availability in the US is likely to reduce the WTI discount to Brent,” Societe Generale analysts in a note to clients.US President Donald Trump said on Friday Washington would take advantage of low oil prices and fill the US emergency crude oil reserve. The move is aimed to help energy producers struggling from the price plunge.The United States could begin purchasing domestically produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several months, an Energy Department source said on Monday. However, the purchases are not seen as likely to offset the drop in demand nor the increase in supply, Energy Aspects said in a note.“The impact on weekly crude supply shifts could be as much as 4-5 million barrels starting in a couple of weeks,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a report. “However, we will note that such supply represents a drop in the bucket in relation to the amount of oil consumed globally on a daily basis.”US oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by about 18,000 barrels per day (bpd) to a record 9.08 million bpd, data showed. Brent crude settled down $3.80, or 11.2 percent, at $30.05 a barrel. The international benchmark fell as low as $29.52 a barrel, its lowest since January 2016.US West Texas Intermediate (WTI) crude fell $3.03, or 9.6 percent, to end at $28.70 a barrel, its lowest since February 2016.Saudi Aramco is likely to sustain higher oil output in May, Chief Executive Amin Nasser said, signaling the top oil-producing company is prepared to live with low prices for a while.The coronavirus outbreak, which has infected at least 174,000 people and killed around 6,700, already has caused oil prices to plummet by 50 percent this year. Many forecasters have lowered estimates on crude demand, as the virus disrupts business activity, travel and daily life.center_img Topics :last_img read more

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60 Indonesians quarantined aboard virus-stricken Costa Luminosa at Italian port

first_imgThe Indonesian Embassy in Rome has confirmed that at least 60 Indonesian crew members of the virus-hit Costa Luminosa cruise ship are now being quarantined aboard the vessel docked at Italy’s port of Savona.“Yes, they are still in Savona. The passengers and crew are not allowed to disembark yet as they must be quarantined and be observed for 14 days from their arrival on Saturday,” Indonesian Ambassador to Italy Esti Andayani told The Jakarta Post on Tuesday.The Costa Luminosa, an Italian cruise ship, departed for Savona, Italy, from the French port of Marseille on Friday after 36 of its passengers had tested positive for COVID-19. The infected passengers were tested by the French health authorities when the ship made a stop in Marseille, Reuters reports. However, a Marseille area official told the news agency that he could not comment on how many of those infected had disembarked and how many were still on the ship.On Thursday and Friday, 639 of the Costa Luminosa’s 1,421 passengers disembarked in Marseille.The Indonesian Embassy in France said on Friday that the 60 Indonesian crew members were in a healthy condition and had been told by authorities to stay inside their rooms.The Costa Luminosa, operated by Italy’s Costa Cruises, a subsidiary of Carnival Corp, had left Fort Lauderdale, Florida, on March 5 on a cruise destined for Venice, Italy.But days later it had to disembark two passengers in Puerto Rico who were later diagnosed with the coronavirus. It also unloaded four sick passengers on the Spanish Canary island of Tenerife, Reuters reports.International cruises have proven to be fertile ground for the spread of COVID-19. Before the Costa Luminosa, other international cruise ships – with dozens of Indonesian crew members on board — had been banned from disembarking passengers in several countries including the Diamond Princess, World Dream, Westerdam and Grand Princess cruises.At least nine out of 78 Indonesian crew members aboard the Diamond Princess were infected, and all have now recovered.Topics :last_img read more

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Canadian premier Justin Trudeau’s wife recovers from coronavirus

first_imgSophie Gregoire-Trudeau, the wife of Canada’s Prime Minister Justin Trudeau, has recovered from the novel coronavirus, she said Saturday.”I am feeling so much better and have received the all clear from my physician and Ottawa Public Health,” she wrote on her Facebook page.”From the bottom of my heart, I want to say thank you to everyone who reached out to me with their well wishes.” She had tested positive for the virus on March 12 after returning from Britain, with her husband subsequently going into self-quarantine as a precautionary measure.He has since been giving daily press briefings from the porch of his residence. “I strongly believe that science AND compassion will get us through this crisis,” Gregoire-Trudeau said.”That means listening and following the health protocols and staying at home for the time being.”Earlier Saturday Trudeau told reporters he intended to remain with his family at his residence even though his 14-day isolation period had ended.”We are continuing to follow the advice of health experts. And as everyone should do, we must try to stay at home, to isolate ourselves as much as possible, not to go out if not absolutely necessary,” he said.Topics :last_img read more

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