Southeast Asian countries must stick together in the face of a trade war started by US President Donald Trump, Malaysia’s veteran leader said on Saturday at the start of a regional summit
The "phase one" deal is also a boon for Donald Trump as he faces an impeachment trial and a tough re-election fight this year, with the US president hailing the agreement as "momentous".
For all the fears that the US and China are unwinding the economic ties that drove decades of global prosperity, it’s striking how much recent optimism depends upon the two countries.
McDonald's CEO Chris Kempczinski called the situation "fluid" and "concerning," and said the chain decided to close all of its restaurants in Hubei, which amount to "several hundred."
The US Embassy in Beijing said a 60-year-old citizen diagnosed with the virus died in Wuhan. All five new cases in France are those of British nationals – French health minister.
The pan-European STOXX 600 index fell 1.9%, on track for its biggest one-day drop in a month, pushing it to a weekly loss for the first time in four weeks.
Fears are rising on both sides of the Pacific that the US and China could be headed for a total breakdown of relations and even outright conflict within the next few months.
The acting head of the US Department of Homeland Security, Chad Wolf, said earlier that Washington was blocking visas "for certain Chinese graduate students and researchers with ties to China's military fusion strategy to prevent them from stealing and otherwise appropriating sensitive research."
Democrat Biden won the race to the White House on Saturday but President Donald Trump is yet to concede and has gone ahead to file a lawsuit challenging the election outcome.