Coronavirus, Tokyo, Olympic Games, Yoshiro Mori, and News

According to the latest figures from the WHO (World Health Organization), global cases of coronavirus are at least 95,270. Global deaths are at least 3,280 according to the newest information from the World Health Organization.

Tokyo 2020 chief says that the cancellation of the Olympic Games is impossible.

The president of the Tokyo 2020 Olympics organizing committee has reportedly said that as a result of the coronavirus outbreak, it is still impossible to cancel the Games.

On Friday, Yoshiro Mori was speaking at a press conference. Reuters reported that he confirmed the Olympic torch handover ceremony in Greece on March 19, and the arrival ceremony on March 20 in Japan would both be held. Nevertheless, the service will be without children.

Amid heightened fears about the fast-spreading coronavirus, Mori’s comes are coming. The coronavirus has already impacted the staging of sporting events worldwide. As of Thursday, the World Health Organization reported that Japan already confirmed 317 confirmed cases of the COVID-10, with six deaths.

Taking a total number of infections to nearly 6,600, South Korea reports an additional 309 coronavirus cases.

On Friday, South Korea reported 209 more cases of the coronavirus. Thus, the total number of infections is almost 6,600.

According to the Korea Centers for Disease Control and Prevention, most of the new confirmed cases come from the southeastern city of Daegu. To date, in the country as a result of the flu-like virus, 42 people have died.

Coronavirus Impact

As the coronavirus outbreak keeps impacting businesses worldwide, Friday morning, European stocks fell sharply. To lead losses as all major bourses and sectors slid into the red leisure and travel stocks are shedding 3.2%.

The ongoing concerns over the outbreak are hitting the Global stocks. Equities traded mostly lower in Asia, with the primary Japanese market down by more than 3%. Stateside, On Thursday, 78% of S&P constituents closed in correction territory.

Late on Thursday, A Microsoft spokesperson told CNBC that including one remote employee working on LinkedIn, two employees in Washington state had diagnosed with coronavirus.

On Thursday evening, A Microsoft spokesperson told CNBC that both employees are located in Puget Sound, the area that includes Microsoft’s Redmond headquarters.

As investors continued to fall back amid virus fears, Japan markets led losses across Asia.

South Korean and Australian stocks also plummeted more than 2%. The Topix and the Nikkei225 index both fell around 3%.

As the outbreak hit air travel, on Friday, Shares of airlines in the region declined. Japan’s ANA Holding fell 3.76%, while Australia’s Qantas Airways dropped 7.1%. Korean Air Lines’ stock plummeted 5.58%, over in South Korea. China Eastern Airlines’ Hong Kong-listed shares also slipped 4.08%.

Vishnu Varathan is head of economics and strategy at Mizuho Bank. He said that one succumbs to the sheer fear of community spread. It prospects the profound economic impact from a sharp drop off in demand for seizures and travel in supply-chains.

According to the country’s transport ministry, In china, trips involving online ride-hailing and taxis plummeted 85% in February.

All in all, it is the current situation of global cases and the economy. Let’s hope that Coronavirus will stop existing soon.