South Korea launches mass coronavirus testing and boosts containment methods

South Korea launches mass coronavirus testing and boosts containment methods

As the number of global coronavirus cases increased above 80,000, countries that are experiencing the worst of the virus have implemented new strategies to contain the fast-spreading outbreak. In South Korea, infections have risen again, taking the overall total of cases to 977. An emergency budget and a crackdown on the mass acquisition of face masks have been put in place. The country has applied “maximum measures” to contain the coronavirus, announcing that 200,000 members of a secretive church will be tested as they are believed to be the source of the pandemic. The Seoul government will focus on the Shincheonji Church of Jesus after receiving all member´s names from the founder. The decision was made as financial markets saw...

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Gold reaches seven-year high as investors search for security amid coronavirus fears

Gold reaches seven-year high as investors search for security amid coronavirus fears

On Monday, gold prices rose by more than 2 per cent to their highest levels since February 2013. Spot gold and US gold futures rose to more than $1,663 as analysts predict their prices head for $1,700. Investors have flocked to gold as a considerably secure asset amid the coronavirus outbreak. Several countries outside of China are now seeing cases of the virus rise, resulting in increasing worries about a hit to global economic growth, therefore severely affecting share prices. Milan's main index was worst hit, falling more than 4%. Italy has seen Europe's worst outbreak of the coronavirus and the government has announced a series of drastic measures, with a lockdown in place in several small towns. Michael McCarthy,...

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