Milan Fashion Week, affected by Chinese non-presence due to virus fears

Milan Fashion Week began on Tuesday eclipsed by the outbreak of coronavirus, with thousands of Chinese designers, buyers and journalists leaving the event.

China accounts for more than a third of the world’s luxury consumption and the crisis has already cost Italy’s fashion sector millions of euros.

But the show must continue, and for five days, the most important fashion names in Italy such as Armani, Fendi, Prada, Versace and Gucci will exhibit their Fall-Winter 2020 collections for women.

The event started Tuesday night with a China, we are with you Fashion show by Chinese designer, Han Wen, based in New York.

In the middle of the 56 shows, 96 presentations and about 40 events planned until Sunday at the center of Italian fashion, the three Chinese designers with scheduled shows – Angel Chen, Ricostru and Hui – have retired.

Italy was the first European country to ban all flights to and from China last month.

In addition, the closure of Chinese brand production workshops in China made it impossible to meet the production deadlines for the shows.

The virus, which has already killed nearly 1,900 people worldwide, mainly in China, also put London Fashion Week on hold.

That show, which began on Friday and lasted five days, was also marked by a “significantly reduced” attendance, organizers said.

The National Chamber of Italian Fashion said that the economic impact of the epidemic “is currently not calculable.”

Gloomy forecast

Using the 2003-2004 SARS outbreak as a guide, he said an “optimistic” estimate would be for Italian exports to decrease by a minimum of 100 million euros ($ 108 million) in the first quarter of 2020 and 230 million “in case of a prolonged crisis ”during the first half of the year.

The absence of China will be noticeable not only on the catwalks, but also behind the scenes, in showrooms where international buyers come to order pieces that will end a few months later in luxury boutiques around the world.

To bridge the gap, the camera has launched a variety of digital media to connect shoppers in China by giving them access to streaming catwalks, but also behind the scenes.

Interviews with designers and live shows will also be available in the heart of the showrooms.

Prada has changed the time of her show on Thursday from 6:30 p.m. at 4 p.m. to allow the Chinese market to follow the show.

China will also be at the center of attention with the Chinese-Italian fashion City initiative sponsored by Chinese retail giant Colossus Chic Group, which gives eight emerging Chinese brands the opportunity to present their collections in the Hub dedicated to shoppers.

The designers will be present virtually with video links.

The COVID-19 outbreak, as the World Health Organization formally called it, has also affected the sector’s supply chain, with the closure of textile manufacturing plants in China, causing significant delays in the delivery of Collections

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The number of deaths from coronavirus in China increases to 2,000

BEIJING: The death toll from the new coronavirus outbreak increased to 2,000 on Wednesday, when Chinese and international health officials warned against excessive measures to contain the epidemic.

More than 74,000 people have been infected by the virus in China, with hundreds more cases in about 25 countries.

The situation remains serious in the epicenter, with the director of a hospital in the central city of Wuhan becoming the seventh medical worker to succumb to the COVID-19 disease.

The outbreak threatens to make a dent in the world economy, with China paralyzed by large quarantine measures and large companies such as the iPhone manufacturer Apple and the giant mining BHP warning that it could damage the results.

Several countries have banned travelers from China and major airlines have suspended flights, something that Beijing’s ambassador to the EU warned was fueling panic and threatening attempts to resume business.

Russia said on Tuesday that Chinese citizens will not be allowed to enter its territory as of February 20.

The epidemic has caused the purchase of panic in Singapore and Hong Kong, concerns about cruise travel and the postponement of fairs, sports competitions and cultural events in China and abroad.

The authorities have placed some 56 million people in the center of Hubei and its capital, Wuhan, under an unprecedented blockade.

– “Less deadly” than SARS –

The official death toll in China reached 2,000 after another 132 people died in Hubei, where the virus emerged in December.

Liu Zhiming, director of Wuchang Hospital in Wuhan, became his last victim, causing a torrent of pain online.

Earlier this month, the death of Wuhan’s doctor, Li Wenliang, who had been punished by the authorities for sounding the alarm about the virus at the end of December, provoked anger and calls social networks for political reform.

The head of the WHO, Tedros Adhanom Ghebreyesus, warned that it was too early to know if the decline would continue.

A study among tens of thousands of confirmed and suspicious cases showed that 81 percent of patients had only mild infections.

The study published by the China Center for Disease Control and Prevention also showed that the mortality rate was 2.3 percent, falling below one percent for people between 30 and 40 years old.

WHO officials said COVID-19 disease was “less deadly” than its cousins, such as Severe Acute Respiratory Syndrome (SARS) or Middle East Respiratory Syndrome (MERS).

But it is higher than the seasonal flu mortality rate, at around 0.1 percent in the United States.

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Chinese doctors using coronavirus plasma therapy

SHANGHAI / GENEVA: Doctors in Shanghai are using blood plasma infusions from people who have recovered from the coronavirus to treat those who are still fighting the infection, reporting some encouraging preliminary results, a Chinese professor said on Monday.

A leading emergency expert from the World Health Organization (WHO) said later that the use of convalescent plasma was a “very valid” approach to the test, but that it was important to get the right time to maximize the boost to immunity of the patient.

The coronavirus epidemic is believed to have originated in a seafood market in the central city of Wuhan, capital of Hubei Province, and so far has killed 1,770 people and infected more than 70,000 in mainland China.

China’s financial center in Shanghai on Monday had 332 infected cases, one of which died in recent weeks. Lu Hongzhou, professor and co-director of the Shanghai Public Health Clinical Center, said 184 cases were still hospitalized, including 166 mild cases, while 18 were in serious and critical condition.

He said the hospital had established a special clinic to administer plasma therapy and was selecting patients who were willing to donate. The blood will be checked to see if he or she had other diseases such as hepatitis B or C, he added.

“We are confident that this method can be very effective in our patients,” he said.

There are no fully licensed treatments or vaccines against the new coronavirus, and the drug development and testing process can take many months and even years.

‘VERY IMPORTANT AREA’

Convalescent plasma has proven to be “effective and saving” against other infectious diseases, such as rabies and diphtheria, Dr. Mike Ryan, head of the WHO emergency health program, told reporters in Geneva.

“It’s a very important area to pursue,” Ryan said.

“Because what hyperimmune globulin does is concentrate the antibodies in a recovered patient. Basically, it is giving the immune system of the new victim a boost of antibodies so that it can go through the very difficult phase.

“Therefore, it must be administered at the right time, as it eliminates the virus in the system and simply gives the new patient’s immune system a vital boost at the time he needs it.” But it has to be carefully timed and it is not always successful. “

Ryan added: “Therefore, it is a very important area of ​​discovery, and I think they are starting trials in China. But it’s a very valid way to explore therapeutics, especially when we don’t have vaccines and we don’t have specific antivirals. “

In addition to using plasma therapies, Chinese doctors are also testing authorized antiviral drugs for use against other infections to see if they can help.

Scientists are testing two antiviral medications and preliminary results will be received in weeks, while the head of a Wuhan hospital said that plasma infusions from recovered patients showed some encouraging preliminary results.

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Wuhan hospital director dies of coronavirus

A hospital director at the epicenter of the China virus epidemic died Tuesday, state media said, the last medical worker to be a victim of the coronavirus that has spread throughout the country.

The COVID-19 virus, which is believed to have originated in Wuhan at the end of last year, spread to more than 72,000 people and killed 1,900 in China.

Liu Zhiming, director of Wuchang Hospital in Wuhan, died Tuesday morning after “rescue efforts failed,” state broadcaster CCTV reported.

He is the first known director of the hospital who died of the coronavirus.

At least six other medical workers have died from the virus, while 1,716 have been infected, according to official figures.

Liu’s death was initially reported by Chinese media and bloggers shortly after midnight on Tuesday, but the stories were removed and replaced by reports that doctors were still trying to save him.

The death of the hospital director echoes the death of ophthalmologist Wu Wen Liiang, who was punished by the authorities for sounding the alarm about the virus in late December.

Li’s death caused a national torrent of pain and anger against the authorities, accused of mishandling the crisis.

People turned to social networks once again to mourn Liu on Tuesday, and many users on the Weibo platform, similar to Twitter, made comparisons between the death of Liu and that of Li, which was also initially reported by state media and then it was denied hours before finally being confirmed again.

Doctors in Wuhan face a shortage of masks and protective suits, some even wear makeshift outfits of hazardous materials and continue to work despite showing respiratory symptoms, due to lack of medical personnel, health workers told AFP.

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Stocks fall after Apple warns of the impact of the coronavirus

TOKYO: Asian stocks fell and Wall Street fell from record highs on Tuesday after Apple Inc (AAPL.O) said it will not meet its revenue guide for the March quarter, as the coronavirus outbreak slowed production and weakened demand in China.

The warning of the most valuable company in the United States made investor optimism happy that the economic stimulus from Beijing and other countries would protect the world economy from the effects of the epidemic.

S-P500 e-mini ESc1 futures fell by 0.3% in Asian trade.

The largest MSCI index of Asia-Pacific stocks outside of Japan .MIAPJ0000PUS fell 0.65%, while Tokyo’s Nikkei .N225 fell 1.0%. Shares of Shanghai .SSEC fell 0.2%, having won in nine of the last 10 sessions, largely hoping that Beijing will support the policies.

“Apple says its recovery could be delayed, which could mean that the impact of the virus could go beyond the current quarter,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

“If Apple shares were traded at a low price, that might not matter much. But when they trade at a record level, investors will surely be tempted to sell. “

Asian technological actions were also affected. Samsung Electronics (005930.KS) fell 2.1%, Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) lost 1.7% and Sony (7267.T) lost 2.6%.

As the Chinese authorities try to prevent the spread of the disease, the economy is paying a high price. Some cities remained locked, the streets are deserted and there are travel bans and quarantine orders throughout the country, which prevents migrant workers from returning to their jobs.

Many factories have yet to reopen, disrupting supply chains in China and beyond, as Apple pointed out.

“Lifting travel restrictions takes longer than expected. Initially we thought that the blockades would end in February and factory production would normalize in March. But that seems increasingly difficult, ”said Ei Kaku, currency strategist at Nomura Securities.

Nomura lowered its forecast of China’s first quarter economic growth to 3%, half the pace of the fourth quarter, from its previous forecast of 3.8%, adding that there was a risk that it could be even weaker.

The news that the Trump administration is considering changing US regulations also hurt market sentiment. UU. To allow you to block chip shipments to Huawei Technologies from companies such as TSMC (2330.TW) of Taiwan, the world’s largest contract chip maker.

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The Chinese province of Hubei reports 93 new deaths from coronaviruses, the number of tolls amounts to 1,789

BEIJING: The number of deaths in the central Chinese province of Hubei due to an outbreak of coronavirus increased by 93 to 1,789 as of Monday, the province’s health commission said on its website on Tuesday.

There were another 1,807 cases detected in Hubei, the epicenter of the outbreak, bringing the total in the province to 59,989.

Most of Monday’s new deaths occurred in the provincial capital of Hubei, Wuhan, where the virus is believed to have originated. Wuhan reported 72 new deaths, compared to 76 on Sunday. A total of 1,381 people in Wuhan have died from the virus.

The new confirmed cases in Wuhan stood at 1,600, compared to 1,690 on Sunday.

Read more: Chinese doctors using coronavirus plasma therapy, WHO says the “very valid” approach

China’s financial center in Shanghai on Monday had 332 infected cases, one of which died in recent weeks. Lu Hongzhou, professor and co-director of the Shanghai Public Health Clinical Center, said 184 cases were still hospitalized, including 166 mild cases, while 18 were in serious and critical condition.

He said the hospital had established a special clinic to administer plasma therapy and was selecting patients who were willing to donate. The blood will be checked to see if he or she had other diseases such as hepatitis B or C, he added.

“We are confident that this method can be very effective in our patients,” he said.

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