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Hubei Has Almost 2,000 New Cases; Ship Evacuations to Begin: Virus Update

February 17, 2020 admin Comments Off on Hubei Has Almost 2,000 New Cases; Ship Evacuations to Begin: Virus Update

(Bloomberg) — Hubei, the Chinese province at the epicenter of the coronavirus outbreak, reported 1,933 new cases, slightly higher than a day earlier, and 100 additional deaths.While the head of a hospital in the city of Wuhan said a turning point has been reached as new cases fell over the weekend, the outlook was more cautionary outside the country. The head of the U.S. National Institute of Allergy and Infectious Diseases said the outbreak is on the verge of a global pandemic if containment steps fail to show more success.Deaths were reported in France and Taiwan over the weekend. The …read more […]

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Asia Stocks Set For Cautious Start, With Yuan Flat: Markets Wrap

February 17, 2020 admin Comments Off on Asia Stocks Set For Cautious Start, With Yuan Flat: Markets Wrap

(Bloomberg) — Asian stocks looked poised for a cautious start to the week as investors mulled China’s latest plans to help its economy counter the impact of the coronavirus outbreak. U.S. equity futures ticked higher.Futures edged lower in Japan and Hong Kong, while Australian shares opened flat after two weeks of gains for global equities. Volumes may be lower than average Monday due to a U.S. holiday; Treasuries won’t trade. China over the weekend unveiled plans for reducing corporate taxes and fees, and letting banks run up more non-performing loans. The head of a hospital in Wuhan, the city at …read more […]

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Using Huawei Puts Intel Sharing With U.S. in Peril, Envoy Says

February 17, 2020 admin Comments Off on Using Huawei Puts Intel Sharing With U.S. in Peril, Envoy Says

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The fight between the U.S. and Europe over Chinese technology is threatening to split the transatlantic military alliance, and tensions were ratcheted up another notch on Sunday by the U.S. ambassador to Germany. Ambassador Richard Grenell tweeted that President Donald Trump had instructed him to “make clear that any nation who chooses to use an untrustworthy 5G vendor” risks jeopardizing intelligence and sharing with the U.S. “at the highest level.” The comment on Twitter seemed specifically aimed at Huawei Technologies …read more […]

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Emerging Markets Trust China’s Virus Steps to Keep Rally Going

February 16, 2020 admin Comments Off on Emerging Markets Trust China’s Virus Steps to Keep Rally Going

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Emerging markets may take their cue this week from a recovery in commodity prices and signs China’s efforts to stem the spread of the coronavirus are working.Gauges of stocks, bonds and currencies in developing economies all rose in the five days through Friday as raw materials had their best week this year. Chinese officials urged the nation to meet its economic targets for 2020 as Hubei province, the epicenter of the outbreak, reported a slowing rate of new infections.Despite a rally in …read more […]

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Tesla ordered by German court to stop cutting down trees for Gigafactory

February 16, 2020 admin Comments Off on Tesla ordered by German court to stop cutting down trees for Gigafactory

A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local environmental activists. The U.S. electric carmaker announced plans last November to build a Gigafactory in Gruenheide in the eastern state of Brandenburg. The court ruling, by the higher administrative court of the states of Berlin and Brandenburg, comes after the state environmental office gave a green light to clear 92 hectares of forest for the plant. …read more […]