China says loss of life toll hits 563

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China says loss of life toll hits 563

It is a stay weblog. Please test again for updates.All occasions beneath are in Beijing time.9:45 am: Beijing metropolis bans group mealsTown of Be


It is a stay weblog. Please test again for updates.

All occasions beneath are in Beijing time.

9:45 am: Beijing metropolis bans group meals

Town of Beijing mentioned on Wednesday that caterers and people will not be allowed to arrange group gatherings, and that earlier association ought to be canceled or postponed. Rural collectives are additionally prohibited from organizing banquets, whether or not for festivals, birthdays or college promotions.

As of Sunday night time, Beijing had greater than 200 confirmed instances of the brand new coronavirus, with greater than half attributable to group gatherings, in response to state media. Inns and catering companies contributed 11.11 billion yuan ($1.6 billion) to Beijing’s GDP within the first quarter of 2019, or 20% of the full for the yr, in response to official knowledge accessed by means of Wind Info. — Cheng

9:32 am: Qualcomm sees ‘vital uncertainty’ across the influence of coronavirus on provide chain

Chipmaker Qualcomm mentioned the virus outbreak, which put most of China beneath an prolonged shutdown, might doubtlessly have an effect on the cell phone trade.

“There may be vital uncertainty across the influence from the coronavirus on handset demand and provide chain,” CFO Akash Palkhiwala told investors on the company’s latest earnings call. Qualcomm inventory dropped about 4% in prolonged buying and selling after it beat analysts’ estimates on the highest and backside traces, reporting…



cnbc.com