Biodun Iginla, BBC News

Biodun Iginla, BBC News
Showing posts with label xian wan. Show all posts
Showing posts with label xian wan. Show all posts

Friday, February 21, 2020

ANALYSIS: The coronavirus has infected hundreds of people in Chinese prisons,

February 22, 001H: 001H: GMT/ZULU
BEIJING/SEOUL - The coronavirus has infected hundreds of people in Chinese prisons, authorities said on Friday, contributing to a jump in reported cases beyond the epicentre in Hubei province, including 100 more in South Korea and a worsening outbreak in Italy.
U.S. stock indexes fell after data showed U.S. business activity stalled in February, and the rise in new cases sent investors scrambling for safe havens such as gold and government bonds.
A total of 234 infections among Chinese prisoners outside Hubei ended 16 straight days of declines in new mainland cases.
Another 271 cases were reported in prisons in Hubei - where the virus first emerged in December in its now locked-down capital, Wuhan.
State television quoted Communist Party rulers as saying the outbreak had not yet peaked, and more than 30 cases in a hospital in Beijing highlighted a sharp jump there.
Total cases of the new coronavirus in the Chinese capital neared 400 with four deaths.
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China has reported a total of 75,567 cases of the virus known as COVID-19 to the Beijing (WHO) including 2,239 deaths. In the past 24 hours, China reported 892 new confirmed cases and 118 deaths.
U.S. activity in the manufacturing and services sectors stalled as companies have grown increasingly concerned about the coronavirus, a survey of purchasing managers showed on Friday.
The IHS Markit flash services sector Purchasing Managers’ Index dropped to its lowest since October 2013, signalling that a sector accounting for roughly two-thirds of the U.S. economy was in contraction for the first time since 2016.
Data also showed Japan’s factory activity suffered its steepest contraction in seven years in February, underlining the risk of a recession there as the impact of the outbreak spreads. Asian and European stocks also fell. [MKTS/GLOB]
A resident wears a makeshift protective face shield at a residential compound in Wuhan, the epicentre of the novel coronavirus outbreak, Hubei province, China February 21, 2020. REUTERS/Stringer
With finance leaders from the Group of 20 major economies set to discuss risks to the world economy in Saudi Arabia this weekend, the International Monetary Fund said it was too early to know what impact the virus would have on global growth. For more Reuters coverage of the outbreak, click: reut.rs/2HOCIt7
For a graphic tracking the virus in China and beyond, click: tmsnrt.rs/2V9zxnT
More Reuters info-graphics, click: tmsnrt.rs/2GVwIyw
The outbreak may curb demand for oil in China and other Asian countries, depressing prices to as low as $57 a barrel and clouding growth prospects across the Middle East, the Institute of International Finance said.
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The WHO warned that the window of opportunity to contain the international spread of the epidemic was closing after cases were reported in Iran and Lebanon.
An outbreak of coronavirus in International Monetary Fund worsened on Friday, with officials announcing 16 confirmed cases, including the country’s first known cases of local transmission.
The virus has emerged in 26 countries and territories outside mainland China, killing 11 people, according to a Reuters tally.
“This outbreak could go in any direction,” WHO chief Tedros Adhanom Ghebreyesus said in Geneva. “If we do well, we can avert any serious crisis, but if we squander the opportunity then we will have a serious problem on our hands.”
Slideshow (17 Images)
As international authorities seek to stop the virus from becoming a global pandemic, public health officials are hoping for signs that the arrival of warmer weather in the northern hemisphere might slow its spread.

PUBLIC GATHERINGS

The spike in cases in jails in the northern province of Shandong and Zhejiang in the east made up most of the 258 newly confirmed Chinese infections outside Hubei province on Friday.
Authorities said officials deemed responsible for the outbreaks had been fired and the government had sent a team to investigate the Shandong outbreak, media reported.
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Hubei, adding to case-reporting confusion, doubled the number of new cases it initially reported on Wednesday to 775 from 349. The lower number was a result of going back to counting only cases confirmed with genetic tests, rather than including those detected by chest scans.
South Korea is the latest hot spot with 100 new cases doubling its total to 204, most in Daegu, a city of 2.5 million, where scores were infected in what authorities called a “super-spreading event” at a church, traced to an infected 61-year-old woman who attended services.
South Korean officials designated Daegu and neighbouring Cheongdo county as special care zones where additional medical staff and isolation facilities will be deployed. Malls, restaurants and streets in the city were largely empty with the mayor calling the outbreak an “unprecedented crisis”.
Another centre of infection has been the Diamond Princess cruise ship held under quarantine in Japan since Feb. 3, with more than 630 cases accounting for the biggest infection cluster outside China.
The U.S. Centers for Disease Control and Prevention said on Friday that of 329 Americans evacuated from the ship, 18 have tested positive for the virus.
In the Iranian city of Qom, state TV showed voters in the parliamentary election wearing surgical masks after the country confirmed 13 new cases, including two deaths. Health officials on Thursday called for all religious gatherings the holy city of Qom to be suspended.
Ukraine’s health minister joined evacuees from China for two weeks’ quarantine in a sanatorium on Friday in a show of solidarity after fears over the possible spread of coronavirus led to clashes between protesters and police.

Monday, September 3, 2018

U.S. police investigate JD.com CEO over sexual misconduct accusation

September 3, 2018  16H:32  GMT/UTC/ZULU TIME
BEIJING/NEW YORK - The CEO of Chinese e-commerce giant JD.com Inc (JD.O), Richard Liu, was arrested by U.S. police on suspicion of criminal sexual conduct and later released in what police said was an ongoing investigation.
JD.com said in a statement that the accusation against Liu, 45, was unsubstantiated and “local police quickly determined there was no substance to the claim.”
But police said “an active investigation” was underway although it was possible for the billionaire founder of the firm to leave the United States.
JD.com said on Monday Liu has returned to China from the United States to work. Liu could not immediately be reached by us at Reuters for comment.
“We don’t know if there will be charges or not because we haven’t concluded an investigation,” John Elder, a spokesman for the Minneapolis Police Department, told us at Reuters on Sunday. He declined to provide details of the arrest.
In addition to making Liu the highest-profile Chinese businessperson to be accused of sexual misconduct, the case has raised concerns that loss-making Nasdaq-listed JD.com could face difficulties making decisions due to its unusual governance structure.
The company, which is backed by Walmart Inc (WMT.N), Alphabet Inc’s (GOOGL.O) Google and China’s Tencent Holdings (0700.HK), did not provide further details.
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JD’s rules require Liu, who holds nearly 80 percent of the company’s voting rights, to be present at board meetings for the board to make decisions, although it was not immediately clear if he has to be physically present or could participate by teleconference.
“I’m not aware of any other company that has similar rules,” said Chris Leahy, co-founder of advisory firm Blackpeak and a corporate governance expert.
“If the board isn’t quorate without Richard Liu, if he is unable to attend, and if there are no other provisions that offer a way round that, the company could become ungovernable,” he said.
The Financial Times, citing two people with direct knowledge of the matter, reported that the case involved Liu, who is a student in the University of Minnesota’s doctor of business administration program, and a Chinese student at the university.
While the doctoral program primarily takes place in Beijing in partnership with the prestigious Tsinghua University, the students were in the Twin Cities last week as part of their training. According to its website, the program is designed for top-level executives working in China and the region, and the average age of participants is 50.
The complaint against Liu was made just before midnight local time on Friday, and he was released just after 4 p.m. on Saturday, according to the Hennepin County Sheriff website.
University spokeswoman Emma Bauer referred questions to the Minneapolis Police Department.
China’s foreign ministry said its consulate in Chicago was closely watching the situation.
Slideshow (3 Images)
“We are currently seeking information and verification from the relevant U.S. departments,” foreign ministry spokeswoman Hua Chunying told a regular Beijing news conference on Monday.
SELF-MADE BILLIONAIRE
Chinese social media was abuzz over the arrest, with a thread on Liu’s police booking photo ranking as the most discussed topic on China’s Weibo platform on Monday morning, read more than 250 million times.
JD.com, one of China’s tech heavyweights, competes with larger rival Alibaba Group (BABA.N), and Liu has a net worth of $7.9 billion, according to Forbes. The company, worth some $45 billion, has seen its stock lose 24 percent of its value this year amid concerns of weakening growth momentum.
JD.ONASDAQ
+0.30(+0.97%)
JD.O
  • JD.O
  • WMT.N
  • GOOGL.O
  • 0700.HK
  • BABA.N
The company has been in and out of the red for the past year and last month reported a second-quarter net loss of $334.4 million - almost twice that forecast in a Thomson Reuters I/B/E/S poll - reflecting increased investment.
Liu built JD.com from scratch. In 1998, he spent 12,000 yuan ($1,760) of his savings to lease a four-square-meter retail space in Beijing’s technology hub of Zhongguancun, setting up a firm that would become JD.com. He is also known for his marriage to Chinese internet celebrity Zhang Zetian.
Zhang, described by Chinese media as 24, shot to fame while a student in 2009 when a photo of her holding a cup of milk tea went viral, giving her the nickname “Sister Milk Tea”. She met Liu while studying in the United States and married him in 2015.
In July, a court in Australia denied Liu’s efforts to block the release of his name in association with a sexual assault trial in which he was not accused of any wrongdoing, according to a court document.
In that case, Liu had hosted a party in late 2015 at his luxury home in Sydney, after which one of his guests accused another guest of sexually assaulting her at a hotel. The defendant was found guilty of seven offenses, according to a court document.
($1 = 6.8218 Chinese yuan)