Hong Kong leader Carrie Lam said on Tuesday the high-speed rail service between the city and mainland China would be suspended from Jan. 30, and all cross-border ferry services would also be suspended in a bid to stop the spread of coronavirus. Wearing a green face mask, Lam told a press briefing the number of flights to mainland China would also be halved and personal travel permits for mainland Chinese to the city would be suspended.

Visitors inspect a model Airbus SE A380 aircraft in an exhibition center at the aircraft maker’s factory in Toulouse, France, on Wednesday, March 20, 2019. Airbus has agreed in principle to a settlement with French, British and U.S. authorities over an investigation into allegations of bribery and corruption, it said on Tuesday. The European planemaker has been investigated by French and British authorities for suspected corruption over jet sales dating back over a decade. Nevertheless, Airbus s

There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst. Oil futures slid for a sixth session on Tuesday amid reports of a rising number of cases and casualties. “However, when it comes to the oil market, I don’t think it’s entirely comparable.” Energy prices also slumped during the SARS outbreak in 2003. But sh

LAKRUWAN WANNIARACHCHI | AFP via Getty ImagesThe continued spread of the coronavirus is “more infectious” but less severe than the SARS epidemic, health experts have told CNBC. Chinese health authorities confirmed Tuesday that the coronavirus outbreak had infected 4,515 people, with 106 reported deaths. The WHO declined at two emergency meetings last week to declare the coronavirus outbreak a global health emergency, but the United Nations health agency has said that it is an emergency in China.

The spread of the coronavirus is causing concern for members of the public and global financial markets, but health experts are keen to put the virus into context, and insist that it appears contained for now. Chinese health authorities said Tuesday that the coronavirus outbreak has killed 106 people and infected 4,515. China’s reaction to the health crisis is among the reasons why we shouldn’t panic about the virus, experts say. “It appears to be very well contained,” Mark Parrish, regional med

New cyber intelligence platform to boost Dubai’s public-private partnershipsThe new Cyber Threat Intelligence Platform will help firms in the Dubai International Financial Center to proactively share information about cyber threats, says Bryan Stirewalt from Dubai Financial Services Authority.

Pedestrians cross a road in front of the Bank of Japan headquarters in Tokyo, Japan, on Tuesday, Oct. 31, 2017. Japan’s government on Tuesday nominated Seiji Adachi, an economist known as a proponent of aggressive monetary easing, to join the Bank of Japan’s nine-member board. Adachi, 54, an economist at Japan’s Marusan Securities, would replace Yutaka Harada, a similarly minded board member whose term expires on March 25. “He is among a group of reflationist-minded economists, so may call for a

“We have great expectations for continued efficiency gains and expansion of our profitability in 2020,” said Chief Financial Officer Luka Mucic. At the mid-point, margins would increase by 120 basis points to 30.9% in 2020, compared to an 80 basis point gain last year, he told reporters. Non-IFRS operating profit is forecast to reach 8.9-9.3 billion euros this year while revenue is expected to gain 6-8% to 29.2-29.7 billion euros, implying a pickup in profitability. Europe’s most valuable techno

Big Tech — companies like Microsoft and Google — used their airtime to call for more regulation, particularly in the area of artificial intelligence (AI). There have been calls for the breaking up of big technology firms in the U.S. Elizabeth Warren, a Democratic senator, is perhaps the best-known proponent. In the EU, the argument around regulation of big tech firms, is that they have become too powerful and have stifled competition. Big Tech will be able to afford the lawyers and compliance co

Filipinos flock to Manilas Chinatown to celebrate Chinese New Year on January 25, 2020 in Manila, Philippines. The Philippines announced Tuesday it will temporarily suspend issuing visas upon arrival (VUA) for Chinese nationals amid concerns of a coronavirus outbreak. “We are now temporarily suspending the issuance of VUA for Chinese nationals to slow down the influx of group tours,” Bureau of Immigration Commissioner Jaime Morente said in a press release dated Tuesday. Still, he clarified that

The EU will “never, never, never” compromise on the integrity of the bloc’s single market when it comes to negotiating a trade deal with the U.K., according to the EU’s chief Brexit negotiator Michel Barnier. “There will be no compromise on the single market. “Never will the EU compromise, (make) fragile or unravel the single market, never,” he said. The EU’s single market seeks to guarantee the free movement of goods, capital, services, and labor — the “four freedoms” — within the EU. U.K. Prim

U.S. government debt prices were lower Tuesday morning, following a rally for fixed income assets amid intensifying concerns over the Chinese coronavirus. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.6149%, while the yield on the 30-year Treasury bond was also higher at around 2.0621%. Chinese authorities confirmed Tuesday that were now more than 4,500 confirmed cases of coronavirus, with 106 deaths. Germany, Cambodia and Sri Lanka all reportedl

U.S. stock index futures were higher on Tuesday morning after the Dow posted its worst trading day in about three months. ET, Dow futures were up by 179 points, indicating a positive open of more than 171 points. In this context, U.S. equities dropped on Monday, with the Dow falling by 1.6%, its biggest one-day drop since October. Shares of travel companies and consumer goods firms exposed to China were some of the biggest losers. On the data front, durable goods are set to be out at 8:30 a.m.

Economies in Asia will have to brace for a tough year ahead as China deals with an outbreak, analysts and officials warned as travel restrictions hit. Consequently the vulnerability of many Asia-Pacific economies to a slowdown in Chinese tourism visits has increased significantly over the past two decades,” said Biswas in a note on Tuesday. Thailand, Japan and Vietnam are among the economies that will be hit by the new Chinese travel restrictions and sharp near-term slowdown in Chinese tourist v

Stocks in Asia declined in Tuesday morning trade after the Dow Jones Industrial Average plunged overnight amid fears about the ongoing coronavirus outbreak continues to grip investors. South Korea’s Kospi dropped 2.4% as shares of industry heavyweight Samsung Electronics plunged almost 3%. In Japan, the Nikkei 225 shed 0.81% in early trade as shares of index heavyweight and robot maker Fanuc dropped 1.6%. The Topix index also slipped 0.92%. Overall, the MSCI Asia ex-Japan index traded 0.7% lower

Scientists have reproduced the voice of a 3,000-year-old mummified priest with the help of a 3D printer which recreated the individual’s vocal tract, and while the result is only a short burst of sound, hopefully with further work, his full voice could be reproduced. The researchers observed: “This acoustic output is for the single sound for the extant vocal tract shape; it does not provide a basis for synthesising running speech. To do so would require knowledge of the relevant vocal tract arti

In fact, his circuitry is so hard-wired into the new Next Generation follow-up Star Trek: Picard that he may well turn out to be the most important character in the show. Hint, hint…Fast-forward two decades to Star Trek: Picard and Data exists in his former captain’s dreams. This would be an intriguing twist for Star Trek: Picard. That faction’s leader, Hugh, is back in Star Trek: Picard, so any interaction with Lore would undoubtedly be fraught with tension. Although it’s Jean-Luc Picard who

Sharp is getting into the OLED TV business, according to a report from Nikkei Asian Review which says the electronics company is on the cusp of releasing its own range of OLED sets containing LG-made panels. With plans to offer OLED displays in 55-inch and 65-inch sizes, at a rather premium starting price of 300,000 yen (around $2,700 / £2,100 / AU$4,000), Sharp looks set to join the big players in the OLED market, with reports suggesting that these televisions could be on the market as soon as

However, the long-awaited Battery Electric Vehicle (BEV) that is the Honda e is anything but dull. Better still Honda has pretty much stuck to its promise of not changing much since the city car design first appeared as a prototype showstopper. Exterior finishCompared to the prototype the Honda e is certainly practical and ideally suited to the job in hand, which is essentially living life as a city car. Smooth lines dominate the overall look, which is further complimented by the svelte digital

We take turn-by-turn navigation on our smartphones for granted. Going indoorsWhat if your turn-by-turn navigation can start at your desk? It will be possible soon, starting with an update coming to the Here WeGo map app later this year. The pinpoint technology doesn’t solely rely on GPS though – which struggles to penetrate buildings and thus can lead to unreliable indoor location data. Another issue Here will face will be encouraging users to actually download the WeGo app in the first place.