Latest China News

Traders Timothy Nick, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Stocks fall as Apple warning raises China virus concerns

Feb. 18, 2020 12:00 PM EST

NEW YORK (AP) — U.S. stocks fell in midday trading Tuesday after technology giant Apple became the most well-known company to warn of a financial hit from the virus outbreak in China. The maker of iPhones said it will fall short of its revenue forecasts in the fiscal second quarter because production has...

In this Sunday, Feb. 16, 2020, photo, a medical worker records down a patient's condition at Jinyintan Hospital designated for new coronavirus infected patients, in Wuhan in central China's Hubei province. China reported thousands new virus cases and more deaths in its update Tuesday, Feb. 18, 2020 on a disease outbreak that has caused milder illness in most people, an assessment that promoted guarded optimism from global health authorities. (Chinatopix via AP)

Germany sends more medical aid to China to fight virus

Feb. 18, 2020 11:42 AM EST

BERLIN (AP) — Germany is sending a second shipment of medical aid to China to help the Asian giant fight the coronavirus epidemic that has infected over 73,000 people. German Foreign Minister Heiko Maas said Tuesday the government is sending 8.7 tons of aid supplies worth 150,000 euros ($162,000),...

In this Feb. 13, 2020, photo, patrons enter Mekong Plaza in the Asian district, in Mesa, Ariz. Arizona's freshly crowned Asian District was deep into organizing its night market when news broke that a case of the illness known as COVID-19 was confirmed at nearby Arizona State University. Xenophobic comments on social media and phone calls started almost immediately, according to Arizona Asian Chamber of Commerce CEO Vicente Reid. (AP Photo/Matt York)

Misguided virus fears hitting Asian American businesses

Feb. 18, 2020 11:34 AM EST

NEW YORK (AP) — In Arizona, a burgeoning Asian American community fields xenophobic calls about a planned night market featuring Asian street foods. In New York, a dim sum restaurant owner worries he won't make rent. In the San Francisco Bay Area, a local Asian American-owned restaurant chain is mulling...

FILE - This June 25, 2019, file photo shows the entrance to a Walmart in Pittsburgh. Walmart is reporting  disappointing fourth-quarter profits and sales. The nation's largest retailer says that sales at its U.S. stores heading into the holiday season were weaker than expected. It also said that social unrest in Chile hurt its business. (AP Photo/Gene J. Puskar, File)

A rare miss for Walmart to end the year

Feb. 18, 2020 10:55 AM EST

NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season. Violent social protests in Chile, where there are hundreds of Walmart stores, cut into international sales. Walmart also delivered a weak profit forecast for the year and...

A taxi driver wearing a mask waits for a fare with a Tokyo 2020 logo on the door of his cab Tuesday, Feb. 18, 2020, in Tokyo. Tokyo Olympic organizers said last week there is no

New virus has infected more than 73,000 people globally

Feb. 18, 2020 10:28 AM EST

A viral outbreak that began in China has infected more than 73,000 people globally. The World Health Organization has named the illness COVID-19, referring to its origin late last year and the coronavirus that causes it. The latest figures reported by each government's health authority as of Tuesday in Beijing:...

U.N. Secretary General Antonio Guterres speaks to The Associated Press, in Lahore, Pakistan, Tuesday, Feb. 18, 2020. Guterres said Tuesday that the coronavirus outbreak that began in China

AP Interview: UN chief says new virus poses 'enormous' risks

Feb. 18, 2020 9:02 AM EST

LAHORE, Pakistan (AP) — The U.N. secretary general said Tuesday that the virus outbreak that began in China poses “a very dangerous situation” for the world, but “is not out of control.” Speaking in an interview with The Associated Press, Antonio Guterres said that “the...

FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability.  (AP Photo/Kin Cheung, File)

HSBC cuts headcount by 35,000 in deep overhaul

Feb. 18, 2020 8:51 AM EST

LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said Tuesday...

FILE - In this Feb. 13, 2020, file photo, a security guard stands near the quarantined Diamond Princess cruise ship in Yokohama, near Tokyo. After 14 days, an extraordinary quarantine of the Diamond Princess cruise ship ends Wednesday, Feb. 19, 2020, with thousands of passengers and crew set to disembark over the next several days in the port of Yokohama. (AP Photo/Jae C. Hong, File)

Quarantine on cruise ship in Japan comes under question

Feb. 18, 2020 7:14 AM EST

TOKYO (AP) — An extraordinary two-week quarantine of the Diamond Princess cruise ship ends Wednesday, with thousands of passengers and crew set to disembark over the next several days in the port of Yokohama, near Tokyo. A growing number of scientists, however, say the ship served as an incubator for a...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

In this Monday, Feb. 17, 2020, photo released by Xinhua News Agency, patients infected with the coronavirus take rest at a temporary hospital converted from Wuhan Sports Center in Wuhan in central China's Hubei Province. China reported thousands new virus cases and more deaths in its update Tuesday on a disease outbreak that has caused milder illness in most people, an assessment that promoted guarded optimism from global health authorities. (Xiao Yijiu/Xinhua via AP)

Virus claims life of hospital director in hard-hit Wuhan

Feb. 18, 2020 7:02 AM EST

BEIJING (AP) — As a mysterious new virus enveloped central China's Wuhan early this year, Liu Zhiming mobilized all the resources of his hospital in the city's Wuchang district to deal with the thousands of sick people arriving daily, threatening to overwhelm the local health care system. That dedication...