Advertisement
Singapore markets closed

  • Straits Times Index

    3,367.90
    +29.33 (+0.88%)
     

  • S&P 500

    5,475.09
    +14.61 (+0.27%)
     

  • Dow

    39,169.52
    +50.66 (+0.13%)
     

  • Nasdaq

    17,879.30
    +146.70 (+0.83%)
     

  • Bitcoin USD

    62,684.38
    +128.77 (+0.21%)
     

  • CMC Crypto 200

    1,341.83
    -2.68 (-0.20%)
     

  • FTSE 100

    8,133.50
    -33.26 (-0.41%)
     

  • Gold

    2,330.30
    -8.60 (-0.37%)
     

  • Crude Oil

    83.98
    +0.60 (+0.72%)
     

  • 10-Yr Bond

    4.4790
    +0.1360 (+3.13%)
     

  • Nikkei

    40,074.69
    +443.63 (+1.12%)
     

  • Hang Seng

    17,769.14
    +50.53 (+0.29%)
     

  • FTSE Bursa Malaysia

    1,597.96
    -0.24 (-0.02%)
     

  • Jakarta Composite Index

    7,125.14
    -14.48 (-0.20%)
     

  • PSE Index

    6,358.96
    -39.81 (-0.62%)
     

Facebook pulls out of South by Southwest festival over coronavirus fears

Reuters
·1-min read
FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration

(Reuters) - Facebook Inc is pulling out of this year's South by Southwest (SXSW) music and tech festival over growing concerns about the coronavirus outbreak, a spokesperson for the company said on Monday.

The virus outbreak, with a global death toll exceeding 3,000, has spread to more than 60 countries, upending global supply chains and threatening economic growth.

It has lead to the cancellation or disruption of other events including The Mobile World Congress in Barcelona and Facebook's F8 annual developers conference last month.

SXSW, set to be held in Austin, Texas, next week, did not immediately respond to a Reuters request for comment. It has previously said the event will proceed as planned despite "a handful" of cancellations related to the virus.

(Reporting by Roshan Abraham in Bengaluru; Editing by Devika Syamnath)