Could the coronavirus derail the global recovery? January 28, 2020 Concerns over the spread of the coronavirus are escalating as the death toll has jumped to 81 with 2,744 confirmed cases worldwide (as at 11:00 GMT, 27 January). Travel restrictions on about 40 million people around Wuhan, in the Hubei province of China, have been introduced in an effort to contain the outbreak. However, cases [...]
Coronavirus death toll hits 106 as it spreads to Beijing January 28, 2020 Deaths from the coronavirus have now hit triple figures as China revealed the first death of a victim in Beijing today. The ongoing outbreak has now claimed 106 lives while China’s National Health Commission has counted more than 4,515 confirmed cases. Yesterday the number stood at 81 deaths and 2,600 cases. Most victims are people [...]
Year of the Rat: How China’s coronavirus outbreak is spreading tremors through world markets January 28, 2020 Saturday marked the beginning of the Year of the Rat. This animal — representing the first of the 12 signs of the zodiac — is associated with wealth and prosperity in China. In other cultures, the rat is more often associated with plague and disease. It is unfortunate, then, that the dominant Chinese story this [...]
DEBATE: Does it make sense to ban Huawei from access to the UK 5G network? January 28, 2020 Does it make sense to ban Huawei from access to the UK 5G network? Matt Kilcoyne, deputy director of the Adam Smith Institute, says YES. Chinese state-owned enterprises are accused by our Five Eyes intelligence partners in Australia and the US of keeping extensive databases on foreign individuals. That’s everything from who you’ve rung, when [...]
UK confirms 73 people have tested negative for coronavirus January 27, 2020 A total of 73 people have tested negative for coronavirus in the UK as the death toll in China rises to 81. The Department of Health and Social Care (DHSC) announced today that there had been no coronavirus cases in the UK or of UK citizens abroad, and the risk to the public is low. [...]
Coronavirus sends US markets into the red January 27, 2020 US stocks markets opened sharply lower this afternoon as investors grew fearful that the coronavirus outbreak – which has killed 81 – will damage the global economy. The S&P 500 was down 1.3 per cent shortly after the bell, while the Dow Jones was 1.2 per cent lower and the tech-heavy Nasdaq had fallen 1.6 [...]
FTSE 100 ‘in panic mode’ as coronavirus fears push it into red January 27, 2020 FTSE 100 stocks have fallen deep into the red today as fears rise over the spread of coronavirus, which has now claimed 81 lives in China. Britain’s blue-chip index was down 2.3 per cent by 2pm at 7,412 as hoteliers, airlines and luxury goods firms with links to China suffered. As the death toll mounted, [...]
Oil stocks fall as coronavirus hammers oil prices January 27, 2020 Shares in oil and mining firms slipped this morning as oil prices continued to tumble, with fears over the coronavirus driving down demand for fuel. Brent crude fell over 3.5 per cent to hit $57.78, its lowest levels since October, after sixth straight sessions of decline. West Texas Intermediate fell 3.5 per cent to $52.30. [...]
Asian markets in the red as coronavirus fears rise January 27, 2020 Asian stock markets fell overnight as the death toll from the coronavirus outbreak in China rose to 81 and fears mounted that it could soon cause fatalities elsewhere. Japan’s Nikkei index dropped two per cent, Indonesia’s Jakarta composite index fell 1.5 per cent and India’s S&P BSE Sensex fell 0.5 per cent. The growing death [...]
Surge in investor visa applications from China’s super-rich January 27, 2020 The number of super-rich Chinese individuals applying to live in the UK through an investor visa jumped by a third last year, new figures have revealed. The number of high net worth and ultra high net worth applications rose 32 per cent to 202 in the year to the end of September, up from 153 [...]