FT News Briefing Tuesday, January 28
Jan 28, 2020
Airbus is close to settling a major bribery investigation with multiple regulators. Concerns over Huawei's influence in the UK mobile network are intensifying for Boris Johnson. In the political arena, Trump's legal team is trying to redirect attention from explosive revelations by John Bolton during his impeachment trial. Meanwhile, the economic impact of the Coronavirus is being felt globally, with significant drops in equity markets and oil prices. Insights from Wuhan reveal the city's daily challenges amid strict travel restrictions.
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Wuhan Lockdown Impact
- Wuhan residents are using bicycles due to private car restrictions.
- Some struggle to find supplies like anti-pollution masks.
China's Virus Response
- The Chinese government prioritizes containing the virus over economic goals.
- Cities extend holiday periods, impacting consumption and production.
Economic Impact of Coronavirus
- The coronavirus outbreak raises concerns about global growth.
- Analysts are comparing the situation to the 2003 SARS epidemic.