The World Economic Forum said on Monday it had canceled a summer version of its annual meetings scheduled to take place in Singapore.
The cases of Covid-19 in Singapore have increased in recent days. In a preliminary update on Monday, Singapore’s health ministry said it had confirmed 21 other locally transmitted infections, 11 of which were unrelated to previous cases. This brings the cumulative cases of Covid in Singapore to more than 61,600 and 31 deaths, according to data from the Ministry of Health.
But more broadly, concerns have grown around the world about a new variant of the virus first discovered in India. Countries like the UK, despite a very successful vaccination program, are carefully monitoring the data to see how transmissible the new strain is and whether it will derail plans to fully reopen the economy.
– CNBC’s Yen Nee Lee contributed to this article.