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Economic Times | 10 Feb, 2020 | 11.08AM IST
Coronavirus LIVE updates: WHO issues a grave warning as Coronavirus toll crosses 900
The head of the World Health Organization has said that there have been "concerning instances" of coronavirus among people with no travel history to China, warning that it could be the "tip of the iceberg".
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Coronavirus hits Indian automakers
The pipeline of parts from China, the biggest manufacturing hub for the world, is fast drying up. The automotive industry has been working with lean inventory and single market sources for a long time to effectively manage inventory and costs.
This is worse than the impact of 2011 tsunami in Japan. This time around, factories across the world can potentially come to a standstill because of supply drying out on account of the (novel) coronavirus
- Venkatram Mamillapalle, MD, Renault India
Carmakers likely to restart factories in China
According to a report of Reuters, automakers including Daimler, Tesla and Ford are likely to restart production in China on Monday after being forced to shut factories for more than a week following a widespread outbreak of the coronavirus. However, some have further delayed reopenings or flagged a hit to profit.
11 million Chinese live outside China. Many are now stuck inside
Hundreds of thousands of Chinese citizens who live overseas but returned home for the Lunar New Year holidays are now stuck in the country as a growing list of nations bar those who have been in China from entering to curb the spread of the deadly new coronavirus.
Coronavirus is the enemy of mankind but it is controllable, is preventable, is curable
- Liu Xiaomin, China's ambassador to Britain
Coronavirus pushing inflation up in China
China consumer prices rose at their highest rate in more than eight years, official data showed Monday, with inflation more than expected on the back of Lunar New Year demand and a deadly virus outbreak. Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains. The consumer price index (CPI), a key gauge of retail inflation, came in at 5.4 percent last month on-year, up from 4.5 percent in December -- with prices of pork and fresh vegetables pushing up costs. Food prices spiked 20.6 percent. The overall monthly figure exceeded the 4.9 percent forecast by analysts in a Bloomberg survey and is the highest since October 2011.
There've been some concerning instances of onward 2019nCoV spread from people with no travel history to China. The detection of a small number of cases may indicate more widespread transmission in other countries; in short, we may only be seeing the tip of the iceberg
- Tedros Adhanom Ghebreyesus, Director-General, World Health Organisation
WHO salutes doctors fighting epidemic
In the spirit of human solidarity, I salute the doctors, nurses, caregivers and public #healthworkers on the front… https://t.co/1ZhzEZrc0r
— Tedros Adhanom Ghebreyesus (@DrTedros) 1581286123000Coronavirus toll over 900 now
The death toll in China from the novel coronavirus epidemic jumped to 908 and the number of confirmed cases has risen over 40,000, Chinese health officials said on Monday.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
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