Coronavirus update: Diagnosed COVID-19 cases exceed 73,000; death toll at 1,873
There are 73,332 confirmed cases of COVID-19, the new coronavirus that was first identified late last year in Wuhan, China, and at least 1,873 deaths, according to the latest figures from the World Health Organization.
The American Chamber of Commerce surveyed 109 companies with manufacturing facilities in Shanghai, Suzhou, Nanjing and the Yangtze River Delta region, finding that 78% of companies don’t have enough workers to run a full production line due to the travel restrictions and quarantine periods; 58% expect output to be lower than normal “over the next few months;” and 38% of companies don’t have enough masks to protect their staff, a new government requirement.
• InterContinental Hotels Group PLC IHG, +1.65% said 160 hotels are closed in China or closed to new guests. The company’s fee business is expected to take a $5 million hit in February in China, as a result of the outbreak. Its Chinese operations make up less than 10% of group operating profit. CEO Keith Barr also told investors that the postponement and cancellation of conferences will have an impact on its operations.
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