By David Wagner
Investing.com – As every day, you will find below a summary of the latest information and key figures about the coronavirus epidemic and its impact on the economy and finance, for this Friday, February 14, 2020:
- More than 65,000 patients and nearly 1,500 dead.
- The United States has “little confidence in the information from China” regarding the number of cases of coronavirus, a senior official told CNBC. He also noted that China “continues to reject offers of US assistance”. The New York Times reported last week that Chinese authorities had shown little interest in accepting aid from the United States.
- The Chinese city of Huanggang, near the epicenter of the coronavirus epidemic, said that as of Friday, it would strengthen measures to control the epidemic, including by sealing residential complexes and only allowing essential vehicles on the road. Food and delivery of other essentials will be arranged by designated personnel, the city said in a statement.
- The Centers for Disease Control and Prevention (CDC) has confirmed a 15th case in the United States, a recent evacuee from Wuhan who was quarantined at the joint base San Antonio-Lackland in Texas.
- Royal Caribbean had to cancel 18 crossings in Southeast Asia and modify the itineraries of several other cruises. As a result, the company expects 65 cents will be cut from earnings per share in 2020.
- Two virologists at the University of Queensland in Australia have suggested that the new coronavirus could be spread more easily than we thought, by an “airway”.
- Malaysia confirms its 19th case of coronavirus.
- Japanese Prime Minister Shinzo Abe will approve a series of emergency measures to combat the coronavirus at a cabinet meeting on Friday, according to the office of the Prime Minister. The government will spend 15.3 billion yen (about $ 140 million) on emergency measures, including strengthening capacity for screening and medical treatment, doubling the production of masks to more than 600 million per month, and to extend credit to small and medium-sized businesses affected by the epidemic, according to the Prime Minister’s Office.
- Hong Kong confirmed three more cases of coronavirus on Thursday, bringing the total to 53, according to a government statement.
- Singapore must prepare for the fact that the number of confirmed cases in the country may continue to increase in the coming weeks, said Janil Puthucheary, Minister of State at the Ministry of Transport and the Singapore Ministry of Communications and Information.
- Gregory Gilligan, President of the American Chamber of Commerce in China, said that supply chain disruptions have affected members and that the organization is helping businesses navigate the different regulations in effect in the different regions of China.
- In order to stop the spread of the virus, the Chinese city of Guangzhou has prohibited people from eating out in restaurants. The ban came into effect on February 12, with people returning to work this week after the long lunar New Year break.
- The central bank of Japan said the impact of the epidemic on production and tourism should be monitored. According to Reuters, the country’s economy may already have contracted sharply in the quarter from October to December due to the slowdown in external demand and consumption which has been affected by natural disasters.
Prime Minister of Singapore Lee Hsien Loong said on Friday that the economic impact of coronavirus on the economy of the island nation had already exceeded that of SARS in 2003, according to a report by local publication The Straits Times.
Chinese President Xi says the gaps in this coronavirus epidemic must be filled. He says that the deployment of the biosafety law must be accelerated as soon as possible.
Singapore reports 9 new cases of coronavirus, total number now 67
The German economy ministry says the economic impact of the coronavirus cannot be estimated at this time. He says the risks from abroad have increased due to the coronavirus epidemic.
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