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Coronavirus: Pressure grows to re-open factories

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Coronavirus: Pressure grows to re-open factories By Justin Harper BBC News 7 February 2020 Share this with Facebook   Share this with Messenger   Share this with Twitter   Share this with Email   Share Related Topics Coronavirus outbreak Image copyright GETTY IMAGES Companies around the world are waiting for China to re-open its factories and plants on Monday. If this does not happen, major brands from car makers to tech giants will struggle to make their products. Inventories are already running low following widespread shutdowns at Chinese factories forced to close to prevent the spread of the coroanvirus. China, known as the factory to the world, plays a crucial role in the global supply chain and world economy. Apple is one brand that could face shortages with the two major assemblers of its iPhone - Foxconn and Pegatron - based in China. Getty Images Coronavirus threatens smartphone sales Experts predict notable impact on th
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What is 2019 Novel Coronavirus?

Q: What is 2019 Novel Coronavirus? A: The 2019 Novel Coronavirus, or 2019-nCoV, is a new respiratory virus first identified in Wuhan, Hubei Province, China.  Learn about 2019 Novel Coronavirus . Q: What is a novel coronavirus?  A: A novel coronavirus (nCoV) is a new coronavirus that has not been previously identified. The 2019 novel coronavirus (2019-nCoV), is not that same as the  coronaviruses that commonly circulate among humans  and cause mild illness, like the common cold. A diagnosis with coronavirus 229E, NL63, OC43, or HKU1 is not the same as a 2019-nCoV diagnosis. These are different viruses and patients with 2019-nCoV will be evaluated and cared for differently than patients with common coronavirus diagnosis. Q: What is the source of 2019-nCoV? A: Public health officials and partners are working hard to identify the source of the 2019-nCoV. Coronaviruses are a large family of viruses, some causing illness in people and others that circulate among animals, includi
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Beijing Can’t Save China’s Stock Market from a Coronavirus Reckoning

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Beijing Can’t Save China’s Stock Market from a Coronavirus Reckoning The Chinese stock market will re-open on Monday. Investors can expect a massive crash despite the government's attempts to stop it.   Author:  William Ebbs   @ebbs_william The PBoC's desperate attempts to prevent a substantial stock market sell-off will fail. | Source: AFP PHOTO / WANG ZHAO Chinese financial markets will open on Monday with a massive capital injection. By spending 1.2 trillion yuan to prop up the stock market, Chinese authorities hope to prevent a massive crash when trading resumes. The government’s efforts will fail. Chinese stock markets are set to reopen on Monday morning after an  extended Lunar holiday break . Investors expect stocks to reel as coronavirus fears intensify. To stem the bleeding, Chinese authorities have decided to  pump 1.2 trillion yuan ($173.8 billion) into the market  [PBoC] – but this won’t be enough to stop a massive correction when trading r
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