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BREAKING: Singapore raised its alert level over the new coronavirus outbreak

UNITED STATES (OBSERVATORY BREAKING NEWS) — Singapore raised its alert level over the new coronavirus outbreak to the same degree as during the SARS epidemic, while cases in China climbed to more than 31,000.

Tensions over the widening outbreak were raised earlier as the number of cases found on a quarantined cruise ship in Japan tripled to 61, making the vessel the biggest center of infections outside of China.

Ramifications from the outbreak were felt in industries around the globe. Burberry Group Plc abandoned its financial guidance for the year as the virus hit China sales. Toyota Motor Corp. extended the shutdown of its plants in China for at least another week.

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