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9:10 a.m. China is sterilizing cash in an endeavor to stop the coronavirus spreading

Chinese banking companies have been ordered to disinfect dollars ahead of issuing it to the general public in an work to control the unfold of the new coronavirus that has so significantly killed 1,770 people in the nation.

The Chinese governing administration claimed in the course of a push convention on Saturday that banking institutions would only be permitted to launch new expenses which had been sterilized. 

Income eliminated from higher-danger web sites these as hospitals and markets would be sealed and specifically addressed, but it would then be held by the People’s Bank of China instead of re-moving into circulation, officials stated. Chloe Taylor

8:50 a.m. Biotech agency Novacyt’s shares soar on coronavirus exam update

Novacyt said on Monday that it has launched a “CE-Mark” molecular examination to assistance detect COVID-19, the new coronavirus that is afflicting China. 

Novacyt CEO Graham Mullis says the examination can produce a result in much less than two hours. Novacyt shares jumped additional than 30% in late session buying and selling in Paris. —Reuters

7:50 a.m. WTO warns that COVID-19 could further weaken expected expansion of global trade in merchandise

Progress of world-wide trade in products is most likely to keep on being weak in early 2020, the Entire world Trade Organization said on Monday, introducing that the below-pattern overall performance could be diminished even even further by the new coronavirus.

The WTO mentioned that, primarily based on a drop of its trade outlook indicator, yr-on-yr goods trade growth may perhaps drop all over again in the to start with quarter of 2020. —Reuters

6:50 a.m.: China’s drinkers get joyful hour margaritas shipped to their door as coronavirus lockdown carries on

Bars in big Chinese towns are offering their joyful hour drinks deals to customers’ places of residence as a huge range of folks continue being stuck indoors simply because of the outbreak of the new coronavirus.

But with folks keeping at property in China and some towns putting a ban on dining out in teams, to consider to incorporate the unfold of the virus, bars are taking beverages to wherever their prospects are.

In the southern Chinese metropolis of Guangzhou, a important buying and selling and financial hub, a selection of bars have begun offering their discounted beverages. Bandidos, a Mexican eatery, is packing its 25 yuan ($3.58) Margaritas into jars and sending them with a straw to clients. Their delighted hour is from Monday to Friday in between 4 p.m. to 7 p.m area time. Prospects can contact just one of the reps for the bar on messaging app WeChat to get their beverages. — Arjun Kharpal.

5:30 a.m.: Russia confirms citizen aboard Diamond Princess cruise ship has coronavirus

Russia has verified a citizen who experienced been aboard the Diamond Princess cruise liner docked in Japan’s port of Yokohama has tested beneficial for the coronavirus.

The female will be taken to hospital to undertake a training course of therapy in the in close proximity to upcoming, the Russian embassy to Japan said in a submit on Facebook on Monday.

She is believed to be the initially Russian national to agreement COVID-19, soon after the two prior conditions of the virus identified in the country have been equally Chinese citizens.

5:15 a.m.: Hong Kong’s Cathay Pacific Airways warns of strike to outcomes in very first 50 percent of the yr

Cathay Pacific Airways has warned its money benefits in the to start with half of the 12 months will be “drastically” lower than previous year.

The Hong Kong-based mostly airline said Monday that it had slashed all round passenger ability by 40% in February and March, citing the coronavirus outbreak. It also said a reduction in passenger ability was most likely in April.

“The very first fifty percent of 2020 was now anticipated to be incredibly challenging monetarily,” Cathay Pacific Team Main Client and Professional Officer Ronald Lam said in a assertion.

“As a end result of this extra important fall in desire for flights and consequential capacity reduction caused by the novel coronavirus outbreak, the economical outcomes for the initial 50 percent of 2020 will be substantially down on the similar period of time final 12 months.”

3:10 am: US confirms 14 circumstances of coronavirus from passengers on board Diamond Princess cruise ship

The U.S. facilitated the voluntary repatriation of around 300 U.S. citizens and their fast relatives associates who experienced been passengers on the Diamond Princess cruise ship, the Point out Department mentioned in a assertion on Monday.

Through the evacuation system and as soon as the travellers experienced disembarked the ship, which is currently quarantined in Japan’s port of Yokohama, U.S. officers mentioned they acquired observe that 14 passengers had tested positive for coronavirus.

Immediately after consultation with U.S. Office of Wellbeing and Human Companies, the State Office designed the selection to allow for these 14 folks, “who have been in isolation, separated from other passengers and ongoing to be asymptomatic, to continue to be on the aircraft to full the evacuation system.”

The flights, which departed Japan at close to 4:30 p.m. Eastern time on Sunday, landed in the U.S. Monday early morning. All travellers will now stay beneath quarantine for 14 times.

“Travellers that create signs in flight and those with favourable take a look at benefits will continue to be isolated on the flights and will be transported to an proper area for ongoing isolation and treatment,” the statement mentioned.

Study CNBC’s coverage from CNBC’s Asia-Pacific staff right away right here: US confirms 14 new instances, repatriates cruise ship travellers



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Trump administration is reportedly weighing limits to China's access to chip technology

Mon Feb 17 , 2020
<div class="at-above-post addthis_tool" data-url="https://corporatereloinc.net/wto-warns-on-virus-threat-as-diamond-princess-passengers-arrive-in-us/"></div>A employee at the photolithography area of a semiconductor plant of the Mikron Group in Zelenograd, Moscow. Anton Novoderezhkin | TASS | Getty Images The […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post addthis_tool" data-url="https://corporatereloinc.net/wto-warns-on-virus-threat-as-diamond-princess-passengers-arrive-in-us/"></div><!-- AddThis Share Buttons generic via filter on get_the_excerpt -->
Trump administration is reportedly weighing limits to China's access to chip technology