Italy took drastic containment steps as worldwide fears over the coronavirus epidemic spiralled. AFP
Italy took drastic containment steps as worldwide fears over the coronavirus epidemic spiralled. AFP
Italy took drastic containment steps as worldwide fears over the coronavirus epidemic spiralled. AFP
Italy took drastic containment steps as worldwide fears over the coronavirus epidemic spiralled. AFP

Venice Carnival closes early as Italy coronavirus cases soar


Jamie Prentis
  • English
  • Arabic

The Venice Carnival festival will close Sunday, several days ahead of schedule, because of the coronavirus outbreak in northern Italy, the head of the region said on Sky TG24 television Sunday.

More than 100 coronavirus cases have been confirmed in Italy as parts of the country’s north were locked down on Sunday as authorities struggle to deal with a rise in infections.

Around 50,000 people in 11 towns have been placed effectively in quarantine with nearby sporting fixtures postponed and Sunday church services cancelled.

Businesses, restaurants and schools have also been closed in Veneto and Lombardy.

Two Italian citizens have already died from the virus.

The government said that local authorities can call in the military to enforce the quarantine if needed.

According to the President of Lombardy, Attilio Fontana, 89 of the cases are in his province centred around the small town of Codogno, about 70 kilometres southeast of Milan.

"The contagiousness of this virus is very strong and pretty virulent," said Giulio Gallera, a senior figure in Lombardy’s healh department said.

Prime Minister Giuseppe Conte has urged Italians "not to give in to feelings of panic”.

Mr Conte, however, said Italy won’t seek a suspension of the Schengen agreement, which gets rid of immigration controls between 26 European countries.

Coronavirus did not have much of an effect on Milan’s world-renowned fashion week Carlo Capasa, president of the Italian National Fashion Chamber.

“It doesn’t seem to me in this moment for what regards our sector, our fashion week, that there are signs of danger. We are tranquil and prudent,” he told the Associated Press.

The onset in Italy has led to increased vigilance in neighbouring France with Heath Minister Olivier Veran saying “it is very likely” cases will increase.

He told Le Parisien Dimanche that more masks are being distributed and laboratories are being supplied with extra equipment so they can carry out more tests.

Company%20profile
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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

UAE currency: the story behind the money in your pockets
MATCH INFO

Everton 2 Southampton 1
Everton: Walcott (15'), Richarlison (31' )
Southampton: Ings (54')

Man of the match: Theo Walcott (Everton)

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

Opening Rugby Championship fixtures: Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)

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The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

UAE currency: the story behind the money in your pockets
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