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Tue, September 22, 2020 | 23:53

Chinese banks brace for bad debt blowout as COVID-19 pandemic piles weight on to debt-ridden businesses

Chinese banks brace for bad debt blowout as COVID-19 pandemic piles weight on to debt-ridden businesses

Three leading Chinese state-owned banks reported that their non-performing loan ratios had stayed largely stable in 2019 even as the economy slowed amid a trade war with the US. But bank officials and analysts expect their asset quality to worsen this year as the coronavirus strains the financial health of their borrowers.

2020-03-28 14:21

Coronavirus: final testing of Hong Kong dog's blood concludes it was infected

Coronavirus: final testing of Hong Kong dog's blood concludes it was infected

Final testing has confirmed that the 17-year-old Pomeranian revealed as the first dog to catch the coronavirus was infected, Hong Kong's animal welfare authority said, after antibodies were found in the animal's blood. Despite the conclusive positive reading, an Agriculture, Fisheries and Conservation Department (AFCD) spokesman stressed that cases of infection in dogs appear...

2020-03-27 14:02

Madrid ditches 'unreliable' Chinese COVID-19 test kits

Madrid ditches 'unreliable' Chinese COVID-19 test kits

Spain's capital has stopped using a rapid Covid-19 test kit made by a Chinese company after research suggested it was not accurate enough. Doubts over the kits' reliability emerged as the number of cases in Spain rose sharply on Thursday to 56,188 confirmed cases and 4,089 deaths. Worldwide, the disease has now infected more than 468,000 and killed over 21,000. The Spanish So...

2020-03-27 13:57

Up to 10% of recovered coronavirus patients in Wuhan study tested positive later, doctors say

Up to 10% of recovered coronavirus patients in Wuhan study tested positive later, doctors say

Researchers around the world are trying to determine whether recovered patients can still infect people with the coronavirus that causes the disease and if they have developed antibodies offering them immunity to the disease.

2020-03-26 14:57

G20 virtual summit: 'Global cooperation key to fight COVID-19'

Online game players were top target for scammers during China's coronavirus lockdown

Online game players were top target for scammers during China's coronavirus lockdown

China's gamers were the largest group of victims amid a spike in internet scams during the country's coronavirus outbreak as millions of quarantined people turned to online games to alleviate boredom.

2020-03-25 16:36

Coronavirus: Wuhan lockdown to end in two weeks

Coronavirus: Wuhan lockdown to end in two weeks

The lockdown of the central Chinese city of Wuhan, where the coronavirus was first reported, will end in two weeks' time, the provincial government has announced.

2020-03-25 15:07

Rents for Hong Kong's luxury homes sharply fall as coronavirus causes job losses, expat exodus

Rents for Hong Kong's luxury homes sharply fall as coronavirus causes job losses, expat exodus

The slide in Hong Kong's rents is getting steeper as the coronavirus crisis and protests lead to job losses and an exodus of expats and students fleeing the city. Rents in high-end districts have been hit hardest, tumbling by up to a quarter from their peaks, according to agents, while data showed the average rate across the whole city slumped to the lowest in almost three ye...

2020-03-24 18:37

Coronavirus: Wuhan lockdown to end in two weeks as China gets people back to work

Coronavirus: Wuhan lockdown to end in two weeks as China gets people back to work

The lockdown of the central Chinese city of Wuhan, where the coronavirus was first reported, will end in two weeks' time, the provincial government has announced. Traffic control measures in the rest of the province of Hubei - which has a population about 60 million, roughly the same as that of Italy - will be lifted on Wednesday, according to Tuesday's announcement.

2020-03-24 18:37

Will China's support for nations fighting Covid-19 improve its global image?

Will China's support for nations fighting Covid-19 improve its global image?

In recent weeks, China has sent medical teams and tonnes of essential supplies to countries around the world as they battle the Covid-19 pandemic. The measures are in stark contrast to the way in which Beijing handled the Sars outbreak in 2003. At that time, Beijing paid a huge price - in human lives and global standing - to contain the pneumonia-like disease. Beijing's misha...

2020-03-22 16:21

Coronavirus: Hong Kong confirms a second dog is infected

Coronavirus: Hong Kong confirms a second dog is infected

A second dog with an infected owner has caught the coronavirus, Hong Kong's animal welfare authority confirmed on Thursday. The two-year-old German shepherd lived with a person diagnosed with Covid-19 in Pok Fu Lam and was sent to quarantine on Wednesday, along with a four-year-old mixed-breed dog from the same home. The dogs were kept in separate kennels at the government fa...

2020-03-22 10:56

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