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Coronavirus:Over 9,800 infected, WHO declares world health emergency
The death toll from the new virus currently stands at 213 and the number of reported cases at well over 8,000. It has now infected more people in China than were affected during the outbreak of SARS, a relation of the coronavirus.
Coronavirus: China toll rises to 132; total number of infected near 6000
From France to Japan, governments were organising evacuations, while Hong Kong – scene of anti-China unrest for months – planned to suspend rail and ferry links with the mainland. United Airlines said it was suspending some flights between the United States and China for a week from Feb.1 due to a “significant decline in demand.”
Indian economy in great position; consumption story growing: BofA CEO
Asked about the demographic dividends and other growth prospects for India, Bank of America’s CEO Brian T Moynihan said, “The best thing about your country is, it is big, it is growing, the population is young, the education continues to improve and you have a huge talent pool.”
Many global firms face high Coronavirus costs due to insurance exclusions
Companies buy business interruption policies with their property insurance to cover loss of revenue if they are forced to close temporarily, but those policies are also likely to exclude communicable diseases, an underwriter in London and insurance executives said.
Facebook will pay $550 million to settle a lawsuit that claimed it illegally stored user data
Facebook said it had 2.89 billion monthly active users of its products around the world, but growth stagnated in the US and Canada on the main social network — the primary source of advertising sales. Monthly active users hit 2.5 billion on the main network as of Dec. 31, slightly topping analysts’ estimate of 2.49 billion.
Coronavirus infects Asia stocks with exposure to China
“We don’t know how long it will go,” said Peter Costello, chairman of Australia’s $115 billion sovereign wealth fund, the Future Fund, in a media briefing to coincide with a regular portfolio update.
“Obviously we hope that the measures that have been taken now will contain the virus but it’s still far too early. It will have an obvious negative effect on the Australian economy and indeed beyond,” added Costello, a former Australian treasurer.
Ahead of Olympics, Tokyo prepares foreigners for potential disasters
Japan is one of the most vulnerable countries in the world to typhoons and earthquakes, and experiences an average of 1,500 temblors a year, although few cause any damage, let alone loss of life.
Death toll crosses 100 in China, global stocks tumble
During the 2002-2003 outbreak of Severe Acute Respiratory Syndrome (SARS), which originated in China and killed nearly 800 people globally, air passenger demand in Asia plunged 45%. The travel industry is more reliant on Chinese travellers now.
Apple’s China-centric supply chain Braces for disruption from Coronavirus
“Supply chain disruption is a worry if employees across Foxconn and other component manufacturing hubs in China are restricted,” said analyst Dan Ives of Wedbush Securities Inc. “If the China outbreak becomes more spread it could negatively impact the supply chain which would be a major investor worry.”
Cyber attacks in Europe, ME could be work of Turkey-sponsored hackers
The hackers have attacked at least 30 organizations, including government ministries, embassies and security services as well as companies and other groups, according to a Reuters review of public internet records. Victims have included Cypriot and Greek government email services and the Iraqi government’s national security adviser, the records show.