Author Archives: elliotjpetersen

China’s ‘cowboy capitalism’ must be curtailed: Senator Romney

MUNICH (Reuters) – U.S. Senator Mitt Romney, who last week voted to convict Donald Trump for abuse of power, said on Friday that the U.S. president was right to challenge China over its trade policies and that Washington and its allies had to act against Beijing.  “The president of the United States decided to go after China … It was… Read more »

Fed’s Mester says China virus could drag on U.S. economy

(Reuters) – The coronavirus epidemic, which has killed hundreds and sickened tens of thousands in China, could be a drag on the U.S. economy this quarter, Cleveland Federal Reserve Bank President Loretta Mester said on Friday.  “I expect that, certainly in China and perhaps in Asia, the first quarter numbers are going to be weaker; there could be spillover to… Read more »

Beijing quarantines returning residents as China struggles to pick up economy

BEIJING (Reuters) – People returning to the Chinese capital Beijing from extended holidays on Friday were ordered to undergo a 14-day self-quarantine to help prevent spread of the new coronavirus, as hard-hit Hubei province reported more than 2,400 new cases. The official Beijing Daily newspaper said people failing to obey would be punished but it was not immediately clear how… Read more »

Coronavirus concerns loom over cruise industry

NEW YORK/BENGALURU (Reuters) – The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry. Dominated by three U.S.-listed companies, Carnival Corp (CCL.N) (CCL.L), Royal Caribbean Cruises Ltd (RCL.N) and Norwegian Cruise Line Holdings (NCLH.N), the industry is under sharp scrutiny following the virus outbreak that has left one ship quarantined in… Read more »

Corona Virus Update- Analysis (synthesis post of all articles)

      The CoronaVirus has a firm grip on the region of East Asia. Through quick and thorough response it has been contained primarily to China. China has quarantined entire cities, built containment facilities in record time, and filled up hospitals with those infected. Despite this, much of the hype around the disease has slowed down. Some research institutions have still not… Read more »

Corona Virus Update (Analysis Post Synthesizing All Articles.)

Viruses spanning many countries and killing people is not a new phenomena. Weather it was the Ebola outbreak in Africa in 2014 or even the flare ups of the virus in 2016- the event of world virus outbreaks is not new. Experts are now saying it has even surpassed the danger of the Sars outbreak that began in China in… Read more »

Japan to enforce special virus measures from Sat, urges citizens against non-urgent China trips

TOKYO (Reuters) – Japan will bring forward the date that the coronavirus will become a “designated infectious disease” and warned its citizens on Friday to put off non-urgent travel to China as a third chartered flight repatriating its nationals arrived from Wuhan. Japan now has 14 confirmed cases of the new coronavirus, an epidemic that is believed to have originated… Read more »

Coronavirus: Worldwide cases surpass Sars outbreak in 2003

The number of coronavirus cases worldwide has surpassed that of the Sars epidemic, which spread to more than two dozen countries in 2003. There were around 8,100 cases of Sars – severe acute respiratory syndrome – reported during that outbreak. But nearly 10,000 people have been infected with the new coronavirus, which emerged in China in December. The number of… Read more »

Factbox: Latest on the coronavirus spreading in China and beyond

(Reuters) – A coronavirus outbreak that began in Wuhan, the capital of China’s central province of Hubei, has spread to more than 9,800 people globally, surpassing the total from the 2002-2003 SARS epidemic. The new virus has killed 213 people. Here is what we know: ** There are 131 confirmed cases in 23 countries and regions outside mainland China, including… Read more »

China Focus: Efforts underway to develop novel coronavirus vaccine

BEIJING, Jan. 30 (Xinhua) — A group of Chinese institutions is stepping up vaccine development for the novel coronavirus, which has already caused 7,711 confirmed cases of pneumonia in China as of Wednesday. China’s prestigious Tsinghua University has set up a research team with rich experience in developing vaccines and agents against coronaviruses known to infect humans, including the SARS… Read more »