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Monday November 9th, 2026

Global virus update: US registers millionth case as pandemic lockdowns ease

AFP – The United States on Tuesday recorded its one-millionth coronavirus case as countries including Spain, Russia and Nigeria took tentative steps back towards normal life by preparing to reopen some businesses.

Excitement over partial easing of lockdowns has been tempered by fear of new outbreaks and growing evidence of the economic devastation wreaked by the COVID-19 pandemic.

The US — where millions of jobs have gone — reached another grim milestone as it registered 58,365 deaths, a larger loss of life than recorded by the US military in the Vietnam War.

And the overall US case load rose to 1,010,717 in a public health disaster that could threaten President Donald Trump’s re-election chances.

But some countries have reported falling infection numbers, and governments have begun to chart their way out of the shutdowns.

France said Tuesday that shops, markets and some schools could reopen next month, with face masks required on public transport and work-from-home orders staying in place for several more weeks.

Prime Minister Edouard Phillipe admitted even a gradual return to normal life was “risky.”

Spain said restrictions would be slowly lifted over the next two months, while Italians will be able to exercise outdoors and visit relatives from next week — but only if they wear masks and refrain from hugs and handshakes.

Italy, Spain and France have been the worst affected countries in Europe, with each reporting over 23,000 deaths.

In Russia, President Vladimir Putin warned that the peak of coronavirus infections still lay ahead, saying “the situation remains very difficult.”

But he nonetheless said lockdown measures could be eased from next month.

Data on infection rates has shown mixed results in Germany, which is being closely watched after allowing some shops to reopen last week.

“We all need to take care that we don’t end up with more infections,” said Lothar Wieler, president of the Robert Koch Institute (RKI) for disease control.

– ‘The cries of the people’ –

Experts have warned of a second wave of contagion if restrictions are lifted too hastily, and the World Health Organization has said reinfection may be possible even among recovered patients.

In Nigeria’s largest city Lagos, bus driver Taju Olonade told AFP a decision to ease the lockdown showed that authorities had finally listened “to the cries of the people.”

“For almost one month I have not earned a penny,” he said. “I hope life will soon return to normal.”

The new coronavirus has killed at least 214,451 people since the outbreak first emerged in China in December, according to a tally compiled by AFP at 1900 GMT on Tuesday.

At least 3,068,330 cases have been registered in 193 countries and territories, although the official tally is widely thought to lag far behind the actual figures.

The United States had the most deaths over the latest 24-hour period with 1,970, followed by Britain with 586.

With the US seeing by far the highest number of deaths, Trump has increasingly sought to blame China for the mounting toll.

China pushed back fiercely on Tuesday, accusing US politicians of “barefaced lies.”

“They have only one objective: shirk their responsibility for their own poor epidemic prevention and control measures,” foreign ministry spokesman Geng Shuang told reporters.

Beijing and Washington have clashed repeatedly over the outbreak as tensions soar between the world’s two biggest economic powers.

The outbreak seems to be under control in China with no new deaths reported for 13 straight days and the toll standing at 4,633 — although much doubt has been cast on whether the numbers are accurate.

– Shattered economies –

Anger at the global economic paralysis has intensified in recent weeks, and anti-government protesters took to the streets in Lebanon on Tuesday in defiance of a lockdown.

“I came down to raise my voice against hunger, poverty and rising prices,” Khaled, 41, told AFP, saying he had lost his job selling motorcycle parts and could no longer support his three children.

In the latest sign of big business woes, British Airways is set to slash up to 12,000 jobs, its parent company said. The carrier, which has approximately 45,000 employees, has already furloughed nearly 23,000 staff.

Despite other European countries moving towards reopening schools and shops, British Prime Minister Boris Johnson said it was too early for the UK to follow suit.

That was in contrast to New Zealand, where people enjoyed fast food and coffee shop treats for the first time in five weeks as the country lifted its strict lockdown.

“We see the difference in other countries and I don’t envy them, that’s for sure,” said Wellington resident Cheryl Robertson, who planned to celebrate her newfound freedom with a curry.

In Australia, hundreds of surfers and swimmers rushed back to the waves at Bondi Beach in Sydney, five weeks after police closed the area because of large crowds flouting social distancing rules.

“I’ve been excited for like a week,” Diane Delaurens told AFP, dripping after an early-morning surf.

However, there is not yet a vaccine for the disease and Britain issued a warning of coronavirus-related syndrome emerging in children — including abdominal pain and inflammation around the heart.

“What I would also stress is that it is rare. Although it is very significant for those children who do get it, the number of cases is small,” said Health Secretary Matt Hancock.

In Tokyo, organizers said that the postponed 2020 Olympics will have to be canceled next year if the pandemic isn’t brought under control.

In Latin America, Brazil emerged as a new hotspot with 5,000 deaths so far, while nine inmates were killed when rioting broke out at a prison in Lima, Peru after two inmates died from COVID-19.

Sri Lanka rupee closes at 332.53/59 to US dollar spot, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee closed at 332.53/59 to the US dollar spot on Monday, from 332.55/60 the previous day, while bond yields closed higher, dealers said.

A bond maturing on 15.09.2029 closed at 190/98 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 closed at 11.07/12 percent, up from 11.05/10 percent.

A bond maturing on 01.02.2031 closed at 11.30/40 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 closed at 11.65/70 percent, up from 11.55/65 percent.

A bond maturing on 01.11.2033 closed at 11.95/12.00 percent, up from 11.90/95 percent.

A bond maturing on 15.10.2034 closed at 12.10/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 closed at 12.40/50 percent, up from 12.30/40 percent. (Colombo/Nov9/2026)

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Sri Lanka stocks close up 1.37-pct, banks lead turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Monday, CSE data showed, with the benchmark All Share Price Index moving up 1.37 percent.

The ASPI was up 291.72 points at 21,531.37, while the more liquid S&P SL20 was up 1.67 percent, or 100.96 points, at 6,146.34.

Positive contributors to the ASPI were Commercial Bank of Ceylon (up 2.86 percent at 216.00 rupees), Hatton National Bank (up 1.52 percent at 399.75 rupees), Asiri Hospital Holdings (up 12.86 percent at 31.60 rupees), Tokyo Cement Company (up 5.22 percent at 84.70 rupees), and Access Engineering (up 3.93 percent at 81.90 rupees).

Carson Cumberbatch (down 4.24 percent at 712.00 rupees), Richard Pieris and Company (down 2.43 percent at 28.10 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), Renuka Holdings (down 2.63 percent at 37.00 rupees), and Chevron Lubricants Lanka (down 0.61 percent at 204.25 rupees) were top negative contributors.

Market turnover was 3.33 billion rupees. The S&P/CSE Banks Industry Group led turnover with 667.76 million rupees.

The session saw heavy crossings, according to Raynal Wickremeratne, Head of Research and Strategy at NDB Securities. Significant crossings included Keells (23 million rupees), Distilleries Company (27.7 million rupees), Sunshine Holdings (30.6 million rupees), Commercial Bank (32.4 million rupees), Ceylon Tobacco Company (35.6 million rupees), Hatton National Bank (39.5 million rupees), Prime Lands (40.5 million rupees), and HAS Holdings (41.5 million rupees).

In corporate news, Hayleys Retail Holdings Ltd announced it has partnered with supply chain software provider Blue Yonder to build and scale an AI-native grocery supermarket chain across Sri Lanka. (Colombo/Nov09/2026)

 

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Sri Lanka’s Hayleys Retail to launch supermarket chain with Blue Yonder

ECONOMYNEXT — Hayleys Retail Holdings Ltd has selected supply chain software provider Blue Yonder to build its grocery retail operations from the ground up, the two companies said in a joint statement.

Hayleys Retail, a member of Sri Lanka’s diversified conglomerate Hayleys Group, plans to open several stores in the near future to serve consumers across the country. The agreement marks Blue Yonder’s first retail customer in Sri Lanka.

“Our entry into supermarket retail is about bringing that same commitment to quality and reliability closer to everyday Sri Lankan consumers,” Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said.

“With Blue Yonder, our teams will have AI-driven insight to deliver a seamless, consistent shopping experience across every store,” he said.

Hayleys, which accounts for approximately 5 percent of Sri Lanka’s export income and operates across 17 business sectors, is entering the large-scale supermarket space by drawing on its group strengths in manufacturing, logistics, and services.

The company selected Blue Yonder to connect its data across merchandising and shelf space, deploy artificial intelligence agents to catch operational issues early, and scale its business into a national network without changing platforms.

The rollout will begin with merchandise operations to manage suppliers, items, costs, and pricing, followed by machine learning capabilities to forecast demand and balance store inventory during seasonal peaks.

“Hayleys Retail is choosing one where AI is the foundation rather than an add-on—connected data and agentic AI built into core merchandising operations, and planning that learns as the business grows,” Antonio Boccalandro, President, APAC at Blue Yonder said.

The retailer plans to use the platform to automate routine store tasks and adjust inventory according to real-time sales and local market trends as its store footprint grows. (Colombo/Nov09/2026)

 

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Sri Lanka’s Citrus Leisure extends Lotus Tower management pact

ECONOMYNEXT – Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant Blue Orbit, until June next year.

The initial agreement signed between Citrus Leisure and Colombo Lotus Tower Management Company (Private) Limited (CLTMC) is due to expire on December 11.

“The Board of Directors of CLTMC at meeting held on 2nd November 2026 has resolved to extend the term of the Management Agreement and continue the existing Management Agreement until 30th June 2027, to which the company has given its concurrence,” the company said in a market filing.

Citrus Leisure Plc opened its revolving restaurant at the Lotus Tower in December 2023.

The company signed a 3-year agreement with CLTMC in May 2023 to provide services in the management of (l) the banquet hall 1 on the 25th floor, (2) the banquet hall 2 on the 26th floor, (3) the revolving restaurant on the 27th floor, (4) the 6 suites situated on the 28th floor and the kitchen in the basement floor of the Colombo Lotus Tower.

The 350-meter or 1,150-feet tower, the tallest in South Asia, was built at a cost 104.3 million US dollars with 80 percent of the money borrowed from Exim Bank of China.

Located in the commercial heart of Colombo, the tower has been called a symbolic landmark of Sri Lanka as well as a colossal white elephant and has been mired in controversy for years. (Colombo/Nov9/2026)

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CIC Holdings Sept quarter net profit rises 20-pct to Rs1.7bn

ECONOMYNEXT — Sri Lanka conglomerate CIC Holdings recorded a net profit of 1.66 billion rupees for the quarter ended September 30, rising 20.3 percent from 1.38 billion rupees in the same quarter last year, interim accounts showed.

The group posted basic earnings per share of 0.87 rupees for the September quarter, up from 0.73 rupees a year earlier.

Quarterly revenue grew 3.4 percent to 20.89 billion rupees from 20.20 billion rupees, supported by broad-based growth across industrial solutions, livestock, and healthcare segments, which counterbalanced relative demand moderation in agricultural inputs.

Cost of sales rose 5.3 percent to 15.20 billion rupees, outpacing revenue growth and causing gross profit to contract marginally by 1.2 percent to 5.68 billion rupees.

Results from operating activities dropped 7.3 percent to 2.66 billion rupees from 2.87 billion rupees, impacted by higher operating overheads.

Selling expenses expanded 6.8 percent to 2.15 billion rupees, and general and administrative expenses climbed 5.8 percent to 1.07 billion rupees, while other operating income dropped 29.6 percent to 117.40 million rupees.

However, operating profits were cushioned by an impairment reversal on trade receivables of 85.83 million rupees, turning around from an impairment provision of 23.38 million rupees in the corresponding quarter last year.

Net finance costs climbed 35.4 percent to 712.25 million rupees from 526.01 million rupees.

The increase was driven by a 30.8 percent rise in finance expenses to 771.46 million rupees, primarily reflecting higher interest expenses on loans to finance elevated working capital and inventory requirements.

The quarter’s bottom line was strongly bolstered by CIC’s equity-accounted investment in John Keells Holdings PLC (JKH).

Share of profit from equity-accounted investees surged more than fourfold to 590.50 million rupees from 257.87 million rupees, driven by JKH’s strong profit expansion during the period.

The group also recognized a gain on bargain purchase of 55.59 million rupees during the quarter resulting from additional share purchases in JKH where the proportionate net asset value exceeded acquisition cost, compared to no such gain a year earlier.

With associate income gains offsetting operating margin contraction and higher borrowing costs, group pre-tax profit held virtually flat at 2.59 billion rupees, down 0.11 percent.

Income tax expense fell 29.4 percent to 606.24 million rupees from 858.71 million rupees, driving total group profit for the period up 14.1 percent to 1.98 billion rupees.

Total group assets stood at 108.58 billion rupees as of September 30, up from 99.75 billion rupees at the end of March 2026.

Group net asset value per share increased to 25.52 rupees from 22.10 rupees a year earlier.

CIC Holdings’ ordinary voting shares closed at 27.80 rupees at the end of September.(Colombo/Nov09/2026)

 

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Sri Lanka stocks trend up; ASPI gains 0.78-pct

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trading higher on Monday, CSE data showed, with the benchmark All Share Price Index moving up 0.78 percent.

The ASPI was up 165.73 points at 21,405.38, while the more liquid S&P SL20 was up 0.61 percent, or 37.04 points, at 6,082.42.

Positive contributors to the ASPI were Commercial Bank (up 1.55 percent at 213.25 rupees), Ceylon Cold Stores (up 2.61 percent at 128.00 rupees), Asiri Hospital Holdings (up 10.00 percent at 30.80 rupees), Hemas Holdings (up 1.27 percent at 32.00 rupees), and Ambeon Holdings (up 6.02 percent at 37.00 rupees).

Namunukula Plantations (down 3.92 percent at 63.70 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), and Chevron Lubricants Lanka (down 0.12 percent at 205.25 rupees) were top negative contributors.

Market turnover was 428.31 million rupees. Capital goods led turnover with 82.53 million rupees. (Colombo/Nov09/2026)

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