Monday, 10 February 2020

Reuters Health Report: Coronavirus cases outside China may be 'tip of the iceberg': WHO

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Coronavirus cases outside China may be 'tip of the iceberg': WHO

People across China trickled back work on Monday after an extended Lunar New Year holiday as the government eased restrictions imposed to counter the coronavirus, but the World Health Organization said the number of cases outside China could be just "the tip of the iceberg".

China's Xi to prevent major layoffs amid coronavirus outbreak

Chinese President Xi Jinping said on Monday the government would prevent large-scale layoffs amid the coronavirus outbreak, Chinese state television reported, as he appeared among the public for the first time since the epidemic started.

Factbox: China takes major steps to prop up coronavirus-hit economy

Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth.

Sony, NTT latest to pull out of Barcelona congress over coronavirus

Japan's largest wireless carrier, NTT Docomo, and Sony Corp on Monday became the latest companies to pull out of an international telecoms conference in Barcelona this month because of the coronavirus outbreak.

China should consider cutting benchmark deposit rates: central bank adviser

China's central bank should consider lowering its benchmark deposit rate to enable banks to reduce lending rates and help small businesses weather the economic fallout from the fast-spreading coronavirus, a central bank advisor said.

Factbox: Carmakers look to resume China output after virus forced closures

Automakers including Daimler, Ford and Tesla are looking to resume production in China after being forced to shut factories following the outbreak of a new coronavirus.

Factbox: Countries evacuating nationals from China coronavirus areas

A growing number of countries around the world are evacuating or planning to evacuate diplomatic staff and citizens from parts of China hit by the new coronavirus.

Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak

Alibaba Group Holdings said on Monday its affiliate Ant Financial's MYBank unit would offer 20 billion yuan ($2.86 billion) in loans to companies in China in light of the coronavirus outbreak, with preferential terms for Hubei firms.

Latest on coronavirus spreading in China and beyond

Here are the latest developments around the new coronavirus outbreak:

Roche, Lilly drugs fail to halt gene-driven Alzheimer's disease

Experimental drugs from Roche and Eli Lilly failed to halt Alzheimer's disease in their latest test, the companies said on Monday, in a blow to people whose genes make them particularly vulnerable to the illness.

Apple supplier Foxconn restarts key China plant with 10% workforce: source

Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10% of the factory's workforce has managed to return so far, a source told Reuters.

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