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Total confirmed cases: More than 81,000
Total deaths: At least 2,764
said that operations at its plants in Japan might be affected by supply chain issues due to the coronavirus outbreak in the coming weeks, as the global outbreak gathers pace. The automaker, which operates 16 vehicle and components sites in Japan, said that it would decide on how to continue operations at its domestic plants from the week of March 9, after keeping output normal through the week of March 2. Plants could be affected by potential supply disruptions in China as some plants in the epicenter of the outbreak remain are unable to produce and transport goods, while some plants remain closed under orders by regional authorities. âReuters
Global mining group Rio Tinto warned that the outbreak might create challenging conditions over the next six months, with more disruptions to global supply chains and potential delays to projects in Australia. The miner’s warning comes on the heels of its best underlying earnings since 2011, buttressed by a sizable jump in iron ore prices last year. However, 2020 looks uncertain with economic activity stalling in many parts of China as it grapples to contain the virus that has killed more than 2,700 people and spread to over two dozen other countries. “Today, our iron ore books are full. But we are likely to see some short-term impact such as on supply chains and possibly in provisional services from Chinese suppliers,” Chief Executive Jean-SÃ©bastien Jacques told reporters in a teleconference. âReuters
Diageo said Wednesday the spread of the coronavirus in Asia could knock up to $260 million off its profit in 2020. Trade has been significantly disrupted since the end of January and the group expects this to last at least into March. After that Diageo anticipates a gradual improvement with consumption returning to normal levels towards the end of fiscal 2020. The company estimated the negative impact of the virus outbreak on the group’s organic net sales and organic operating profit to be between 225 million to 325 million pounds and 140 million to 200 million pounds ($260 million) respectively. It cautioned that these ranges exclude any impact of coronavirus on its other markets beyond China and Asia Pacific. âReuters
Europe continues to report a slew of coronavirus cases with France seeing its second death and Italy reporting its 12th death. Greece has also confirmed its first coronavirus case, a 38-year-old Greek woman who had traveled from an area of northern Italy, according to Sotiris Tsiodras, a representative of the Ministry of Health, Reuters reported. Meanwhile, Italy has now reported that four children in the country have also contracted the flu-like illness.