Corona virus outbreak casts shadow over Tokyo Olympics 2020
On 17 February, the Tokyo 2020 Olympic Organizing Committee released the official motto of the Games: United by Emotions. But the world is living in the shadow of another emotion. This is emotion – of fear. The corona virus (COVID-19) has given slight signs of weakening. But its risk is increasing.
There are 152 days left in the Tokyo Olympics. It is feared that the Olympics may be canceled due to Corona virus. More than 75 thousand people have been infected due to the virus. More than two thousand people have lost their lives. It has also spread to more than 50 countries.
The threat to the Tokyo Olympics is even greater because Japan follows China with most Corona virus case here 695 people are currently infected with the virus. Most of the infected people were traveling onboard the Diamond Princess. The cruise stands just three kilometers from Yokohama Baseball Stadium, the main venue of the Olympics.
Spending 25 billion dollars
The Olympics, to be held from July 24 to August 9, cost $ 25 billion. In such a situation, if the Olympics are canceled or elsewhere, Japan’s economy may get a big blow. According to Toshiro Muto, CEO of the Tokyo Organizing Committee, according to Japan’s official news, the corona virus may affect the games.
No idea to cancel Olympic
However, according to Organizing Committee President Yoshiro Mori, there is currently no idea of ​​canceling the Olympic or taking it elsewhere. The Olympic Torch Relay will begin in Fukushima from 26 March and complete its 121-day journey. However, chances are being expressed that the effect of the virus will decrease with the increase in heat. In 2003 the impact of SARS was also reduced during the summer season.
World economy: 5 million companies will face raw material crisis
According to research firm – Capital Economics, Coronavirus will cost $ 280 billion to World Economy in the first quarter. China supplies raw materials to five million companies worldwide. These may be affected as production capacity is affected.
Apple: Almost certain to face Deficit in quarter, iPhone shortage likely
Apple has already expressed the possibility of losses to its investors in the first quarter. Apple has said – Since Corona has closed many Chinese factories. In such a situation, shortage of iPhone can be seen in many countries of the world.
Hyundai: World’s Most Productive Car Plant Closed
Hyundai on 7 February due to lack of parts, closed its Plant in Ulsan in South Korea. Ulsan is the world’s most productive car plant. It has a capacity of 140 million cars every year. Forced leave has been given to more than 25 thousand people in Korea.
Airlines: 21 companies terminate all services in China
21 companies have ended their services to China due to Covid-19. Hong Kong’s Kathy Pacific has reduced its network capacity by 40%. Also, 27 thousand employees have been sent on leave. These will be unpaid leave. The number of tourists in Japan is expected to decrease by 40% per cent by March due to the virus.
