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Trump heaps praise on Xi, Singapore raises coronavirus alert to SARS level

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China claims that the total number of deaths in the country has increased to 636 and the cumulative number of confirmed cases has reached 31,161.
The death of Wuhan’s doctor Li Wenliang caused a public torrent of pain and criticism of the government on social networks. The hashtag #IWantFreedomOfSpeech has been censored in Chinese social networks, Weibo.
On Friday morning, the two most popular hashtags on Weibo, the Chinese version of Twitter, concerned the death of Dr. Li Wenliang, the doctor who gave the first alarm to the coronavirus.

 

9.15pm: L’Oreal CEO says coronavirus will hinder demand in the coming weeks, but e-commerce can help offset the crisis
The executive director of L’Oreal believes that e-commerce sales will “really help” offset the impact of the Chinese coronavirus, warning that the outbreak will likely hinder demand in the coming weeks.

“We are very strong in e-commerce,” Jean-Paul Agon, CEO of L’Oreal, told CNBC’s Charlotte Reed today.

Agon said e-commerce accounted for nearly 50% of the company’s sales in China last year and “we believe this will really help us in the (coronavirus) crisis.”

The shares of the shares listed in Paris were slightly higher during the afternoon business. – Meredith

 

20:20: Ericsson withdraws from an important Barcelona conference on coronavirus concerns
Ericsson of Sweden has announced that it will not attend the Mobile World Congress (MWC) in Barcelona, ​​Spain later this month, claiming that it cannot guarantee the safety of employees and customers due to worries about the coronavirus.

“The health and safety of our employees, customers and other stakeholders are our top priority. This is not a decision we made lightly, “said Borje Ekholm, Ericsson president and CEO, on Friday.

“We hope to show our latest innovations at the MWC in Barcelona. It’s a shame, but we firmly believe that the most responsible commercial decision is to withdraw our participation in this year’s event, “he added.

The MWC is scheduled to run from February 24-27. It is the event of the largest telecommunications industry in the world and attracts more than 100,000 visitors every year.

Separately, the United States Attorney General said that the United States should consider taking a controlling stake in European telecoms equipment manufacturers Ericsson and Nokia to “dampen” the Chinese company’s “drive for dominance” Huawei.

Ericsson’s shares rose nearly 4% during the afternoon business. – Meredith

 

19:35: the WHO Director General warns of a chronic shortage of personal protective equipment
According to reports, the director general of the World Health Organization (WHO) has warned of the risk of a chronic shortage of protective equipment as countries work to address the outbreak of the coronavirus.

During a meeting of the executive committee at the WHO headquarters in Geneva, Switzerland, Tedros Adhanom Ghebreyesus said he was concerned about the lack of masks, gloves and other protective equipment, Reuters reported.

Tedros also said that fewer coronavirus infections have been reported in China in the past two days. However, “the numbers could go up,” he warned.

The National Health Commission of China confirmed Friday 31,131 cases of the deadly pneumonia-like virus in the country, with 636 deaths. (See update 8:16.)

Late last month, health experts told CNBC that purchasing panic masks to protect against coronavirus was “completely understandable”, but ultimately unjustified. They also warned that a shortage of masks could pose a risk to healthcare professionals. -Meredith

The Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus, speaks during a press conference after an emergency conversation about the new SARS-like virus that is spreading to China and other countries in Geneva on January 22, 2020.

6:55 pm: Trump praises “great discipline” in China for dealing with coronavirus
President Donald Trump praised Chinese President Xi Jinping for “leading the counterattack” against the coronavirus.

The president of the United States said on Twitter that he had recently had an “excellent” conversation with Xi, adding that the White House “was working closely” with Beijing to help deal with the outbreak.

“There is a great deal of discipline in China, as President Xi strongly guides what will be a very successful operation. We are working closely with China to help! “Trump said Friday. – Meredith

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