China sees fall in coronavirus deaths, WHO urges caution, Apple and markets take hit

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China reported its fewest new coronavirus infections since January on Tuesday an...

China, Health

2/19/2020

‘You couldn't have a better incubator for infection’: Dr. Anthony Fauci of the National Institute of Allergy and Infectious Diseases said the Diamond Princess cruise ship could reveal potential ‘modalities of transmission’ about the coronavirus

China reported its fewest new coronavirus infections since January on Tuesday an...

Stephanie Nebehay 6 Min Read BEIJING/GENEVA (Reuters) - China reported its fewest new coronavirus infections since January on Tuesday and its lowest daily death toll for a week, but the World Health Organization said data suggesting the epidemic had slowed should still be viewed with caution. The head of a leading hospital in China’s central city of Wuhan, epicentre of the coronavirus outbreak, died of the disease, becoming one of the most prominent victims since the disease first appeared at the end of last year. Illustrating the impact of the outbreak on worldwide growth and corporate profits, oil prices tumbled and equity markets slid after Apple Inc issued a revenue warning due to the disruption the disease is causing to global supply chains. Chinese officials reported 1,886 new cases - the first time the daily figure has fallen below 2,000 since Jan. 30 - bringing the mainland China total to 72,436. A figure of 98 new deaths marked the first time the daily toll in China had fallen below 100 since Feb. 11, bringing the total to 1,868. World Health Organization Director-General Tedros Adhanom Ghebreyesus said Chinese data “appears to show a decline in new cases” but any apparent trend “must be interpreted very cautiously”. Outside China, there have been 827 cases of the disease, known as COVID-19, and five deaths, according to a Reuters count based on official statements. More than half of those cases have been on a cruise ship quarantined off Japan. Tedros said there had been 92 cases of human-to-human spread of the coronavirus in 12 countries outside China but the WHO did not have the data to make meaningful comparisons to what was going on in China. Related Coverage Factbox: Latest on coronavirus spreading in China and beyond See more stories “We have not seen sustained local transmission of coronavirus except in specific circumstances like the Diamond Princess cruise ship,” he said. China says figures indicating a slowdown in new cases in recent days show that aggressive steps it has taken to curb travel and commerce are slowing the spread of the disease beyond central Hubei province and its capital, Wuhan. The WHO’s Mike Ryan said China had had success with “putting out the fire” first in Hubei and ensuring that people returning to Beijing from the Lunar New Year holiday are monitored. The numbers appear encouraging, said Mark Woolhouse, a professor of infectious disease epidemiology at Britain’s University of Edinburgh, who described himself as cautious. “Though it is unrealistic to reduce the transmission rate to zero it may have been reduced to a level where the epidemic is brought under control,” Woolhouse said. “It may be that the epidemic is simply running its natural course, and is starting to run out of new people to infect. It could also be that the unprecedented public health measures introduced in China are having the desired effect.” Chinese state television said Liu Zhiming, the director of Wuhan Wuchang Hospital, died on Tuesday, the seventh health worker to fall victim. The hospital was designated solely for treating virus-infected patients. Residents buy food in a greengrocer's shop at a hutong, as the country is hit by an outbreak of the novel coronavirus, in Beijing, China February 18, 2020. REUTERS/Tingshu Wang GLOBAL REPERCUSSIONS Despite global concerns about the economic impact of the disease, China’s ambassador to the European Union said on Tuesday this would be “limited, short-term and manageable” and that Beijing had enough resources to step in if needed. Chinese state television quoted President Xi Jinping as saying China could still meet its economic growth target for 2020 despite the epidemic. Economists are warning of potential mass layoffs in China later this year if the virus is not contained soon. “The employment situation is OK in the first quarter, but if the virus is not contained by end-March, then from the second quarter, we’ll see a big round of layoffs,” said Dan Wang, an analyst with the Economist Intelligence Unit (EIU). Job losses could run as high as 4.5 million, he forecast. Britain’s biggest carmaker, Jaguar Land Rover, has flown Chinese parts in suitcases to Britain to maintain production and could run out after two weeks because of the coronavirus. Components made in China are used in millions of vehicles assembled around the world and Hubei province is a major hub for vehicle parts production and shipments. South Korean President Moon Jae-in said the economy there was in an emergency situation and required stimulus as the epidemic had disrupted demand for South Korean goods. Slideshow (8 Images) Ryan said the WHO had “prioritised supplies” of protective equipment for reclusive North Korea, which is technically still at war with the South after their 1950-53 conflict ended in a truce, not a treaty, at the same time as saying there was no indication of any coronavirus cases there. Singapore announced a $4.5 billion financial package to help contain the outbreak in the city-state and weather its economic impact. Japan, where the economy was already shrinking and the epidemic has created fears of recession, the spread of the virus has prompted Tokyo to put limits on public crowds while some companies are telling employees to work from home. And, starting on Thursday, Russia will suspend entry of Chinese citizens for employment, private, educational and tourist purposes, health authorities said, adding that the move would be temporary. Reporting by Ryan Woo in Beijing and Samuel Shen in Shanghai; Additional reporting by Lusha Zhang, Gabriel Crossley and Se Young Lee in Beijing, Stephanie Nebehay in Geneva, Polina Devitt in Moscow and Jan Strupczewski in Brussels; Writing by Raju Gopalakrishnan, Peter Graff and Nick Macfie; Editing by Clarence Fernandez and Gareth Jones Our Standards: Read more: Reuters Top News

NIAID is Institute, not Institutes, come on Reuters Can't you go on a roof? Anyone ready to buy Peloton again? Beijing to hubei is roughly 1,200km. The city alone has a population of over 20 million people. Still think its a joke? That little girl is a champ at burpees! 🤣 Fact. Agreed but its too late. I agree...keeping passengers, many of them elderly, on a cruise ship with infected passengers was nothing more than a stupid idea. Crew members are not trained to deal with the proper procedures. It is not uncommon for cruise ships to have disease outbreaks.

That could be said of any major cruise line ship on any day! Dr Fauci made sense... Suerte que se transmite a los animales y el océano está lleno de sus mierdas. Ahora a comer cangrejos.

Apple says will not meet revenue forecasts due to China virusUS tech giant Apple says won't meet revenue target as coronavirus hits both production and demand in China Not surprising. I don’t know who President Obama asked the FBI to investigate on behalf of George Soros, but the whispers are it was Jeff Bezos. Which would explain The Washington Post’s unbelievably insane ‘eulogy’ for Baghdadi and their complete dedication to serving the DNC

Not a single reference to Fauci at this link. Everything’s nice in hindsight. Why didn’t this guy raise the alarm earlier or provide advice from day 1? Way to go japan Looking forward to that quote in future cruise advertising. Say goodbye to one industry. Come aboard! We’re infecting you! The Love Boat!

'could', not would.

Samsung poised to benefit from China virus woes afflicting Apple, other rivalsSamsung Electronics stands to be a major beneficiary of the China production pro... This headline is wrong and irritating. Maybe that was your aim. Eh....I still wouldn’t buy Samsung. South Korean eat live octopus

Apple Sounds Alarm Bell In China, Won’t Hit Current Quarter Sales TargetApple, which sounded an alarm bell on China in late January, acknowledged Monday the situation had precipitated more quickly than anticipated and it wouldn’t meet revenue forecasts it made th… Coronavirus is doing the most Poor, billion dollar company wont make as much money as they predicted...

Coronavirus infections slow in China as Apple warns of iPhone shortagesThe number of new coronavirus infections in mainland China fell below 2,000 on T... ffs apple funds Reuters press feed Are you saying that the shortage of iPhones is causing the Coronavirus to slow down?

Apple cuts revenue guidance due to production delays, weak demand in China because of coronavirusApple said in late January that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter. Last time it warned it doubled..... $700 anyone? $AAPL That was expected, but not discounted in market value.

Coronavirus infections slow in China as Apple becomes latest business casualtyCoronavirus infections slow in China as Apple becomes latest business casualty Follow our liveblog for the latest developments around the new coronavirus outbreak: Poor Apple😢 Not slowing Joe_M_Douglass Move the Apple company to the USA



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Coronavirus live updates: More than a million cases across the world - CNN

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