Coronavirus

"There are relief and evacuation flights from other countries which are still going on, including by France. Why is the Chinese government delaying clearance for the relief flight? Are they not interested in Indian aid provided as our token of support? Why are they creating a roadblock in evacuating our nationals from Wuhan and putting them under hardship and mental agony?" the sources questioned. … [Read more...] about Beijing yet to clear India’s flight ready with relief supplies to coronavirus-hit Wuhan

Sika expects a negative impact from the coronavirus outbreak in China during the first quarter of 2020 but is not concerned for the long term, Chief Executive Paul Schuler said on Friday.The final impact depended on how long the outbreak lasted with traveling in the region restricted, although so far none of the company's 2,400 staff in China had been infected, Schuler told an analyst conference."It (coronavirus) gives us an impact for the first quarter in China, but for the whole group we are not getting nervous," he said after the company reported an 11.5% increase in full year operating profit.The Coronavirus outbreak in China has impacted several industrial sectors across the world in last few weeks.Read also Government to seek NPA relief for companies hit by coronavirus … [Read more...] about Sika CEO not nervous about coronavirus impact

By Karen Weise and Michael Corkery SEATTLE: What if the Everything Store couldn’t sell everything because of disruptions from the coronavirus? That’s the situation that Amazon — which typically stocks more than 100 million items, from toilet paper to yoga pants — is working to avoid as the deadly outbreak continues to shut down and slow factories in China that produce the world’s goods. Over the past few weeks, Amazon has responded to the crisis by making larger and more frequent orders of Chinese-made products that had already been shipped to the United States, according to company emails and consultants who work with major brands. Some of its suppliers have cut back on advertising and promotions on the site so they don’t run out of products too quickly. Amazon also sent an urgent email to brands Wednesday about Prime Day, its midsummer mega sale, indicating that it has begun worrying about inventory for the event. And the company has contacted … [Read more...] about Amazon, the world’s largest e-tailer, grapples with the fallout from the Coronavirus

LONDON: The outbreak of the deadly coronavirus could not have come at a worse time for the aluminium market.Global aluminium demand fell last year for the first time since the global financial crisis.Expectations of a demand recovery rested on China, which showed encouraging signs of a manufacturing revival towards the end of 2019.The virus and the accompanying quarantine measures have since chilled economic activity, representing a short-term demand shock for the world's aluminium market.It's why the London Metal Exchange (LME) aluminium price sank to a three-year low of $1,685 per tonne at the start of February.The fear is that China's aluminium smelters will keep churning out metal even as the country's demand implodes.Since China is the world's largest producer of primary aluminium, accounting for 56% of global output last year, this could have huge ramifications.At the same time, China's complex production logistics chain is undergoing massive stress and a supply shock is building … [Read more...] about Coronavirus is double shock for China’s giant aluminium sector

Bollywood actor Aamir Khan, who is very popular in China, has expressed concern over the coronavirus outbreak in the country that has claimed over 2,300 lives. He has advised people to take precautions and follow the government's instructions in "this time of crisis". … [Read more...] about Aamir Khan urges Chinese fans to take precautions, follow government instructions amid coronavirus outbreak. Watch video message