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Feb 17, 2020

d@w video | Economic Update: Exposing Economic Myths

Coronavirus live updates: China deaths rise by 98 amid Cambodia ship concerns – latest news

Martin Farrer



All infected people in Wuhan being 'rounded up'

In China, the fight to contain the virus is continuing despite encouragement that the number of new cases has fallen below 2,000 for the first time since January.
The Global Times newspaper reports that a “dragnet style” operation is under way in Wuhan, the epicentre of the outbreak, to make sure all those infected are “rounded up”.
The operation was ordered by the city’s new party chief, Wang Zhonglin, on Sunday and aims to be completed in three days. Big data and AI would be used to assist the operation.
Global Times (@globaltimesnews)
If Wuhan fails to round up all #COVID19 patients, no matter how many makeshift hospitals we build, it would be inadequate to curb the epidemic, analysts said. https://t.co/wd8iOpfyKE pic.twitter.com/cjlH2UqkPM
February 17, 2020
Here is what the news outlet reported yestedray:
The three-day campaign aims to fulfill five objectives: have all suspected victims receive nucleic acid tests; round up all infected patients; check all patients with fever; put under quarantine anyone who has had close contact with patients; and ensure all communities and villages implement 24-hour closed-off management measures.
Updated

It is not all gloom and doom in the economics department. It seems that in Hong Kong, where toilet paper is running short, some manufacturers are doing quite well. The Hong Kong-listed paper maker Vinda has seen its shares rise 41% this year.
Haidi Lun Stroud-Watts 伦海迪 (@HaidiLun)
Coronavirus survival starter kit, @DavidInglesTV always comes through with the chart goods. Year-to-date gains for #coronavirus related stocks:
Online healthcare platform Ping An Good Doctor 36%
Toilet paper maker Vinda 41%
Instant noodle maker Nissin Foods 13% pic.twitter.com/mHV3hNC95H
February 18, 2020
This follows an armed raid on a truck load of toilet rolls in Hong Kong amid panic-buying of necessities.

Canada to evacuate citizens from Diamond Princess

A flight has left Canada to evacuate its citizens aboard the Diamond Princess in Yokohama, Canada’s chief public health officer has said in the last hour.
Dr. Theresa Tam (@CPHO_Canada)
1/4 The #GoC is assisting Canadians to return home following the outbreak of #COVID19 on the #DiamondPrincess cruise ship docked in Yokohama, Japan. Precautions are in place to detect, prevent and control any potential #COVID19: https://t.co/3tjfijMcRZ
February 18, 2020
Dr Theresa Tam said Canada would evacuate asymptomatic Canadians and they would undergo a 14-day quarantine at Cornwall airbase in Ontario.
It follows similar moves by the US and Australia to evacuate people from the ship on which 454 people have been infected with the virus.
Updated

Asian stock markets have seen a dip this morning after Apple’s announcement that the outbreak was causing shortages of the iPhone and that it would fail to meet its revenue target for this quarter.
The Nikkei in Tokyo fell 0.6% this morning and the ASX200 was down 0.2% in Sydney. Seoul was down 0.56%. Chinese and Hong Kong markets open shortly.
Apple’s announcement follows a profit waring from Cathay Pacific on Monday. The Hong Kong-based airline, already hit hard by the city’s protest movement, has cancelled 40% of its flights this month and next because of the virus.
apple
Photograph: Greg Baker/AFP via Getty Images
BHP, the world’s biggest mining company, said that it might have to cut its growth forecasts for the year if the outbreak is not contained in the March quarter.
But ... stock markets have weathered the coronavirus outbreak without too much alarm because investors have bet that central banks, led by China, will pump enough stimulus back into their economies to make sure things stay on an even keel.
The US Federal Reserve cut interest rates last year and that has helped fuel a boom in the US economy which is also helping to shrug off fears about a China slowdown.

There are rumbling concerns that passengers who were allowed to leave the cruise ship MV Westerdam in Cambodia may yet be infected with the virus.
UK officials are trying to contact Britons who disembarked after experts said the checking process may not have been handled properly. One person tested positive after leaving the vessel, which was refused by five countries due to concerns that passengers were infected.
Passengers from the Westerdam cruise ship on a bus for a visit to the Cambodian capital Phnom Penh.
Passengers from the Westerdam cruise ship on a bus for a visit to the Cambodian capital Phnom Penh. Photograph: STR/FRESH NEWS/AFP via Getty Images
Mark Harris, a professor of virology at the University of Leeds, said: “If you have got people who are infected at an early stage they might not test positive, they might not show any symptoms but they could go on to develop full-blown disease.
Check out our full story here:

The latest figures show that more than 12,000 people have recovered from the infection out of a total of more than 73,000 who have contracted it.
We have to assume that many more will recover if we factor in the latest comments by the head of the World Health Organization.
WHO chief Tedros Adhanom Ghebreyesus talks to the media in Geneva on Monday.
WHO chief Tedros Adhanom Ghebreyesus talks to the media in Geneva on Monday. Photograph: Salvatore Di Nolfi/EPA
Speaking in Geneva, Tedros Adhanom Ghebreyesus said data from China had helped form a “a clearer picture of the outbreak” and that it appeared that four out of five people infected would recover. It was not as deadly as Sars or Mers, he said, adding:
More than 80% of patients have mild disease and will recover, 14% have severe disease including pneumonia and shortness of breath, 5% have critical disease including respiratory failure, septic shock and multi-organ failure, and 2% of cases are fatal,. The risk of death increases the older you are.
Our health editor, Sarah Boseley, has the full story here:

98 new deaths recorded in China

Those national health commission figures have been released in the last few minutes.
98 new fatalities were recorded on Monday, the commission said on Tuesday morning, taking the death toll in mainland China rose to 1,868. There were 93 deaths in Hubei, 72 of them in the capital Wuhan where the outbreak started.
Across mainland China, there were 1,886 new confirmed infections on Monday, bringing the total so far to 72,436, the commission said.
CGTN (@CGTNOfficial)
#Coronavirus has killed 1,868 on Chinese mainland as of Monday, over 12,000 patients recovered. Other key figures:
- 72,436 confirmed cases, another 60 in HK (1 death), 10 in Macao and 22 in Taiwan (1 death)
- 12,552 discharged from hospital
- 11,741 in critical condition pic.twitter.com/kWy7MjM9Rg
February 18, 2020


Welcome to our rolling coverage of the Covid-19 outbreak, which we can start by relaying the latest figures from the health commission in Hubei.
It said on Tuesday morning that 93 more deaths were recorded on Monday, taking the total in the stricken province to 1,789. Another 1,807 cases were added as well for a total in the province of 59,989.
Those numbers are lower than the figures from Sunday (100 deaths and 1,933 new cases) so will give some encouragement to China’s efforts to lockdown its citizens and contain the spread. But these are, of course, only the figures from the health commission and must be treated with some caution.
We haven’t got the national figures from China yet but we expect them to be out soon.
The other key developements are

News:Climate activists dig up Trinity College lawn

4minutes - Source: BBC



Extinction Rebellion at Trinity College Image copyright Gerla de Boer
Image caption Trinity College did not want to make a report about the action, police said
Climate activists have dug up a lawn outside a Cambridge University college over its role in a major development in the Suffolk countryside.
Extinction Rebellion members said the action at Trinity College was taken against the "destruction of nature".
Activists then took dug-up mud to a local Barclays Bank branch.
Innocence Farm in Trimley St Mary has been part of plans, involving Trinity, for a lorry park. The college said it supported work to fight climate change.
A Cambridgeshire Police spokeswoman said the force was liaising with the college and that "a crime has been recorded for criminal damage".
A spokeswoman for Barclays Bank confirmed activists carrying wheelbarrows full of mud had spread it across the banking hall of its St Andrew's Street branch.
She added the branch had been kept open and staff ensured customers were safe.
Activists, who also chained themselves to an apple tree on the college's front lawn, said they "were careful to ensure that the digging took place a safe distance from the tree so as not to cause any damage to it".
The local group also claimed on Twitter the college invested more money in oil and gas companies than any other Oxbridge college.
Derek Langley, a member of Extinction Rebellion Cambridge, said: "The idea that a rich institution like Trinity College, which tells the world it is serious about tackling this crisis, is looking for profit from environmental destruction is quite simply astonishing."
Local businessman Dr Tim Norman described the action as "counter-productive vandalism".
He said: "[It] seemed to confuse the tourists too, as it wasn't clear what they were doing it for."
A Trinity spokeswoman said the college "respects the right to freedom of speech and non-violent protest but draws the line at criminal damage and asked the protesters to leave".
She added: "Academics at Trinity are actively engaged in research to understand and develop solutions to climate change, and taking practical steps forward."
The spokeswoman added the college supported the university's Cambridge Zero project, which was launched in November and led by Dr Emily Shuckburgh, one of the UK's leading climate scientists.
A Barclays spokeswoman said: "We recognise that climate change is one of the greatest challenges facing the world today, and are determined to do all we can to support the transition to a low-carbon economy, while also ensuring that global energy needs continue to be met."
Members of the group have also been taking part in a week-long road blockade in the city - prompting police to use emergency powers to shut off roads.
Last week a meeting had to be abandoned when a protester abseiled into the council chamber.

News: Jeff Bezos pledges $10bn to fight climate change

3minutes - Source: BBC



Jeff Bezos Image copyright AFP
Amazon boss Jeff Bezos has pledged $10bn (£7.7bn) to help fight climate change.
The world's richest man said the money would finance work by scientists, activists and other groups.
He said: "I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change."
Writing on his Instagram account, Mr Bezos said the fund would begin distributing money this summer.
Mr Bezos has an estimated net worth of more than $130bn, so the pledge represents almost 8% of his fortune.
Some Amazon employees have urged him to do more to fight climate change. There have been walkouts and some staff have spoken publicly. Also, Mr Bezos is financing the Blue Origin space programme, criticised for its carbon footprint.
Compared to some multi-billionaires, Mr Bezos had done only limited philanthropy. His biggest donation before Monday's pledge is thought to have been $2bn in September 2018 to help homeless families and fund schools.
He has also been criticised for not signing the Giving Pledge, under which the super-rich promise to give away half of their wealth during their lifetimes.
The Seattle-based company is a neighbour of Microsoft, which in January unveiled a plan to become carbon negative by 2030.
Mr Bezos's full Instagram post read: "Today, I'm thrilled to announce I am launching the Bezos Earth Fund.⁣⁣⁣
⁣⁣⁣"Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs - any effort that offers a real possibility to help preserve and protect the natural world.
"We can save Earth. It's going to take collective action from big companies, small companies, nation states, global organisations, and individuals. ⁣⁣⁣
⁣⁣⁣"I'm committing $10bn to start and will begin issuing grants this summer. Earth is the one thing we all have in common - let's protect it, together."⁣⁣⁣