MWC canceled because of Coronavirus COVID-19

I was planning to write some article on the mobile trends on this year based on news-feed from MWC 2020 mobile event. It seems that I have to change those plans because of this news that was just published:

The GSMA, the organization behind MWC, the world’s largest mobile trade show, has announced that it is officially canceling the show.

“The GSMA has cancelled MWC Barcelona 2020 because the global concern regarding the coronavirus outbreak, travel concern and other circumstances, make it impossible for the GSMA to hold the event,”



  1. Tomi Engdahl says:

    The Coronavirus Is Now Infecting The Economy, Stock And Job Markets

    When many savvy investors are sitting on large profits, it makes sense that they may sell some—or all—of their holdings to lock in profits. If this is mirrored by others, there will be intense downward pressure, which pushes stock prices further

  2. Tomi Engdahl says:

    What happens if a pandemic hits?

    What happens if a COVID-19 coronavirus pandemic hits? What will the repercussions be if the virus spreads worldwide? How will it change how we live, work, socialize and travel?

    The focus will switch from containment to mitigation: slowing down how fast the virus spreads through a population in which it has taken root. Mitigation can occur via individual measures, such as frequent hand washing, and collective measures, such as “social distancing” — cancellations of mass events, closures, adopting remote work and remote education wherever possible, and so forth.

  3. Tomi Engdahl says:

    Avoid this investing mistake as coronavirus fears grip the markets

    “Volatility is inherently frightening,” said Dan Ariely, professor of behavioral economics at Duke University and chief behavioral economist at personal finance app Qapital. “Being frightened means that we are paralyzed, we think about it too much.”

    “It influences our well-being, and it doesn’t necessarily lead to good decisions,” he added.

  4. Tomi Engdahl says:

    Disruptions to earnings and the economy from “shock” events such as the coronavirus tend to stick around longer than more fundamental downturns, the Allianz chief economic advisor said.

    “I stress, this is different,” El-Erian said a day after the Dow Jones Industrial Average plunged over 1,000 points or 3.5%, in its worst single-session in more than two years.

  5. Tomi Engdahl says:

    Characteristics of and Important Lessons From the Coronavirus Disease 2019 (COVID-19) Outbreak in China

    Summary of a Report of 72 314 Cases From the Chinese Center for Disease Control and Prevention

  6. Tomi Engdahl says:

    Apple warns corona virus will hurt iPhone supplies
    Updated: 2 days ago

    Apple did this and was the first to say that the Coronavirus will affect its production capacity and reduce its revenues.

  7. Tomi Engdahl says:

    Health Secretary Alex Azar Refuses To Guarantee Coronavirus Vaccine Would Be Affordable For All

    Topline: Alex Azar, Health and Human Services Secretary, has angered Democrats after suggesting that a coronavirus vaccine might not be affordable for all Americans and that the Trump administration could not cap its price because of the need for private sector investment in Covid-19 research.

  8. Tomi Engdahl says:

    Japanese prime minister orders the closure of ALL schools in the country for a month in a bid to halt the spread of coronavirus

    Shinzo Abe said the ‘health and safety of children’ was most important concern

    At least 186 people in Japan have contracted the virus and four people have died

    The Japanese prime minister has today ordered the closure of all schools in the country for a month in a bid to halt the spread of coronavirus.

    Shinzo Abe said: ‘The government considers the health and safety of children above anything else.

  9. Tomi Engdahl says:

    U.S. stock markets drop again as Goldman Sachs projects zero growth from coronavirus

    U.S. stock markets are down again in early trading as coronavirus fears continue to hit economists forecasts for growth, and a number of technology companies began to note the impact of the outbreak in their trailing earnings and future results.

    And earlier today, Goldman Sachs released its economic forecast for the U.S. for the year, indicating that domestic companies will see zero earnings growth in 2020 thanks to the outbreak. While many analysts have proven loath to call bullshit on recent market levels in light of falling global macro conditions, Goldman has taken the reins.

  10. Tomi Engdahl says:

    Markets On Pace For Worst Week Since 2008 Crisis Due To Coronavirus Panic

    Topline:  All three stock indexes fell by over 10% from previous record highs as of Thursday morning, indicating markets have plunged into correction territory amid the ongoing panic over coronavirus⁠—and are now on pace for their worst week since the 2008 financial crisis.

    Investors are worried about future returns according to a Vanguard survey today in which respondents said they expect market returns over the next 12 months and 10 years to be lower than the annualized returns of the last three decades.

  11. Tomi Engdahl says:

    AL: 50 ihmistä lähetettiin töistä kotiin koronavirusepäilyn vuoksi Espoossa – kokonainen kerros tyhjennettiin

    Teknologian tutkimuskeskus VTT tyhjensi keskiviikkona kokonaisen kerroksen Espoon Otaniemen työtiloista koronavirusepäilyn vuoksi, kertoo Aamulehti.

    Lehden mukaan kaksi VTT:n työntekijää oli ollut Italiassa projektikokouksessa. Kokoukseen oli osallistunut yhteensä 20 henkilöä, joista viisi oli suomalaisia.

  12. Tomi Engdahl says:

    Microsoft withdraws from GDC gaming conference over coronavirus concerns

    Xbox-maker Microsoft announced today that it will not have a presence at the Game Developers Conference in San Francisco this year, highlighting concerns surrounding the coronavirus outbreak.

  13. Tomi Engdahl says:

    Facebook cancels F8 conference, citing coronavirus concerns

    Facebook has confirmed that it has canceled its annual F8 developers conference over growing concerns about the COVID-19 coronavirus pandemic.

  14. Tomi Engdahl says:

    REAL Coronavirus Protection and Mask Guidelines

    From US Special Forces Medic Mickey Fuentes (18D) and Paraphrasing from me.

    1. If you are buying, wearing or searching for masks for this #Coronavirus situation and it’s not N95 rated. It’s just fashion

    N95 is the certification level given to the micron pass level of the mask.

    2. A good seal is more important than a tricked out beard or a smudged makeup line.

    3. If it gets wet, damp or you decide to go swimming in it. Then it’s time for a new one.

    Two brands the FDA recommends are 3M and Posture.

    #mask #protection #coronavirus

  15. Tomi Engdahl says:

    NürnbergMessen mukaan messuihin tutustui kolmen päivän aikana noin 13 800 vierasta. Viime vuonna paikalla oli yli 31 tuhatta kävijää, joten voidaan puhua romahduksesta.

  16. Tomi Engdahl says:

    Queenie Wong / CNET:
    Facebook cancels its F8 developer conference amid growing concerns around COVID-19, says it is planning “locally hosted events” and livestreamed content instead — Facebook said Thursday it’s cancelling its annual F8 developers conference, the social media giant’s biggest event of the year …

    Coronavirus concerns prompt cancellation of Facebook F8 developer conference

    The cancellation of Facebook’s biggest event of the year, which was set for May, follows in the footsteps of Mobile World Congress.

  17. Tomi Engdahl says:

    Coronavirus: UK has to get head around major changes, says Jeremy Hunt

    England’s chief medical officer has said it’s “just a matter of time” until coronavirus spreads across the UK – and he warned that schools may have to close for months and sporting events could be cancelled

    The government’s worst case scenario is that 70% of the population are affected by the virus , but Mr Hunt pointed out that China have got on top of it with less than 5% getting it.

    Responding to questions on whether schools should shut to help contain Covid-19, he said: “In the UK, there are millions of lives at stake if you can contain the virus to a small percentage of the population.

    “But that means trade-offs in terms of the way we operate in terms of the economy – the social impact – and I think the government is right to start to spell that out.

    “If you look at what other democracies have done – Japan have closed schools for a month, Italy has locked down towns – you see that there are trade offs and we are going to have to get our head around that.”

  18. Tomi Engdahl says:

    This Is How The CDC Thinks The Coronavirus Might Spread

    The coronavirus has now infected 83,000 people and killed more than 2,800 at the time of writing, most of which has taken place in China.

    The virus is spreading to more countries, who are working out what their response should be, and putting in place measures to try to stop the spread of the virus. The reaction from the US has been mixed.

    National Center for Immunization and Respiratory Diseases Nancy Messonnier said that “it’s not so much of a question of if [it will spread around the US] anymore but rather more of a question of exactly when this will happen”, Trump insisted: “I don’t think it’s inevitable. I don’t think it’s inevitable because we’re doing a really job at the borders and checking people coming in.”

  19. Tomi Engdahl says:

    You’re Likely to Get the Coronavirus

    Severe illness caused by viruses such as H5N1 also means that infected people can be identified and isolated, or that they died quickly. They do not walk around feeling just a little under the weather, seeding the virus. The new coronavirus (known technically as SARS-CoV-2) that has been spreading around the world can cause a respiratory illness that can be severe. The disease (known as COVID-19) seems to have a fatality rate of less than 2 percent—exponentially lower than most outbreaks that make global news. The virus has raised alarm not despite that low fatality rate, but because of it.

    Coronaviruses are similar to influenza viruses in that they both contain single strands of RNA.* Four coronaviruses commonly infect humans, causing colds.

    These are believed to have evolved in humans to maximize their own spread—which means sickening, but not killing, people.

    Ultimately, SARS and MERS each killed fewer than 1,000 people.

    COVID-19 is already reported to have killed more than twice that number. With its potent mix of characteristics, this virus is unlike most that capture popular attention: It is deadly, but not too deadly. It makes people sick, but not in predictable, uniquely identifiable ways.

    Lipsitch predicts that within the coming year, some 40 to 70 percent of people around the world will be infected with the virus that causes COVID-19. But, he clarifies emphatically, this does not mean that all will have severe illnesses. “It’s likely that many will have mild disease, or may be asymptomatic,” he said. As with influenza, which is often life-threatening to people with chronic health conditions and of older age, most cases pass without medical care. (Overall, about 14 percent of people with influenza have no symptoms.)

    “If we’re putting all our hopes in a vaccine as being the answer, we’re in trouble,” Jason Schwartz, an assistant professor at Yale School of Public Health who studies vaccine policy, told me. The best-case scenario, as Schwartz sees it, is the one in which this vaccine development happens far too late to make a difference for the current outbreak.

  20. Tomi Engdahl says:


    The company that owns Corona beer is facing its worst quarter in 10 years following the coronavirus outbreak.

    Anheuser-Busch In Bev owns some of the world’s most famous beer brands, including Budweiser, Stella Artois, Beck’s and Corona.

    The company believes the drop in profits is down to fewer people going out in public in China to avoid catching coronavirus.

    The spread of Coronavirus has now reached a “decisive point”, the World Health Organisation chief has said, as he urged governments to take “aggressive” action to prevent it.

  21. Tomi Engdahl says:

    Markets across the globe are seeing their worst week since the financial crash in 2008 amid fears that Covid-19 could become a global pandemic.

    Coronavirus Wipes $5 Trillion Off Global Stocks As It Spreads To New Countries

  22. Tomi Engdahl says:

    Bill Gates: Governments Should Invest Billions To Battle ‘Once-In-A-Century’ Pathogen

    Topline: Bill Gates wrote in a Friday op-ed that in order to stop pandemics, governments and the private sector should invest billions, calling it “a bargain” in contrast to the “economic pain” caused by the coronavirus, which continues to spread and pummel markets around the world.

    The post, titled “How to respond to COVID-19,” is a wide-ranging outline of Gates’ thinking for not just stopping the coronavirus, but how to prepare the world for future disease threats.

    According to Gates, “billions more dollars” are needed from both governments and the private sector for the regulatory approval of vaccines, as well as disease surveillance and research, because “pandemic products are extraordinarily high-risk.”

    In 2017, Gates issued a warning that an “airborne pathogen” that could kill up to 30 million people would emerge over the following 10 to 15 years. 

  23. Tomi Engdahl says:

    Coronavirus claims new victim: ‘DEF CON cancelled’ joke cancelled after DEF CON China actually cancelled
    How about that antivirus now, huh?

    DEF CON is cancelled. For real this time. DEF CON China, that is.

  24. Tomi Engdahl says:

    COVID-19: R0 value- possibly as high as 6.6
    With a 2-4% case fatality rate

    1918 Spanish flu: R0 value 2-3 with a 2-3% case fatality rate

    The R0 value is how many people every infected person is likely to subsequently infect. This is worse than the Spanish flu and it took out 1.7% of the world population.

    R0 values of different diseases including COVID-19:

  25. Tomi Engdahl says:

    China: Manufacturing PMI will shock the market on Monday

    China’s manufacturing PMI has plunged to a level worse than that reached during the global financial crisis. This is enough to shock the market, especially the USDCNY

    The official manufacturing PMI in February was 35.7, worse than the lowest reached previously during the global financial crisis during 2008-2009 when the PMI was in the range of 38.8 – 45.3, and it is the worst in history since the data has been compiled.

    The broken supply chain will still be broken
    In the press release, the government reported that bigger factories’ resumption of work reached 85.6% as of 25th February. This isn’t as positive as it sounds.

    Even if China‘s factory production can recover in March, it will still face the risk of a low level of export orders. This is because the supply chain will continue to be broken, this time in South Korea, Japan, Europe, and the US, where Covid-19 has begun to spread.

  26. Tomi Engdahl says:

    Some even see corona as political conspiracy:
    “President Donald Trump on Friday night tried to cast the global outbreak of the coronavirus as a liberal conspiracy intended to undermine his first term,”

  27. Tomi Engdahl says:

    Stock markets around the world have been in freefall this week as news of the coronavirus continues to paint a dire picture.

    How Stocks Reacted During Past Flu Pandemics And Steps You Can Take To Minimize Losses

  28. Tomi Engdahl says:

    China Reports Catastrophic Data: PMIs Crash To Record Low, Confirming Coronavirus Collapse

    One week ago, ahead of today’s Chinese data release which would for the first time capture the devastation from the coronavirus pandemic, we wrote that “to those who have been following our series of high-frequency, daily indicators of China’s economy, it will probably not come as a surprise that the world’s second biggest economy has ground to a halt, its GDP set to post the first negative print in modern history. To everyone else who is just now catching up, we have some news: it’s going to be bad.”

    Specifically, we said that ahead of official Chinese economic data which will soon start capturing the period when the coronavirus crippled the country’s economy

    China’s National Statistics Bureau reported the latest, February PMIs and they were absolutely catastrophic:

    Manufacturing PMI crashed to 35.7 in Feb, far below the 45.0 consensus estimate, and sharply down from 50.0 in January. A record low.
    Non-Manufacturing PMI plummets to 28.9, also far below the 50.5 consensus, estimate, and down nearly 50% from the 54.1 in Jan. This too was a record low.

    Putting these numbers in context, they are far, far worse than the prints for both series reported during the financial crisis, when the mfg PMI dropped to “only” 38.8, while the non-manufacturing PMI never even contracted.

    Commenting on the unprecedented number, Bloomberg’s China economist Tom Orlik said that “the first credible gauge of how China’s economy is fairing under virus lock down – the official PMI – is pointing to a brutal drop into contraction.” Well, no: anyone who read our recent series analyzing “high-frequency”, real-time Chinese data already was already aware of the catastrophic collapse in China’s economy.

  29. Tomi Engdahl says:

    Since the outbreak of the coronavirus, global media attention has focused on Wuhan.

  30. Tomi Engdahl says:

    No, You DO NOT Need Face Masks For Coronavirus—They Might Increase Your Infection Risk

    The natural human response to a strange, new disease making its way to a neighborhood near you is to feel anxiety and want to DO SOMETHING. That’s why many people have been buying up and stockpiling masks. But even if you could buy any in the midst of global shortages, should you? 


    “The average healthy person does not need to have a mask, and they shouldn’t be wearing masks,” Dr. Perencevich said. “There’s no evidence that wearing masks on healthy people will protect them. They wear them incorrectly, and they can increase the risk of infection because they’re touching their face more often.” 

    Only Wear A Mask If You’re Sick

    First of all, most people buying masks are not getting one that stops the virus from reaching their mouth or nose anyway. The coronavirus is transmitted through droplets, not through the air. That means you cannot randomly breathe it in, but it also means the standard surgical mask you see people wearing will not help. Those masks are designed to keep droplets in—not to keep them out—and are intended to keep the wearer from getting others sick. 

    The type of face covering that reduces exposure to airborne particles—including protecting the wearer from viruses and bacteria—is called a respirator. The type of personal protection equipment (PPE) that healthcare workers wear when treating someone with a serious contagious disease is a medical respirator.

    These medical respirators/masks must have an efficiency rating of “N95,” “FFP2,” or a similar rating

    You’ve heard it over and over, already, but the best way to protect yourself from the coronavirus really, truly, honestly is to regularly wash your hands with soap and water.

    make sure you have at least 3-4 weeks’ worth of any medications you need “so you don’t have to run out and get it at a certain time,” Dr. Perencevich said.

    Similarly, have enough necessities, including food and anything you cannot live without, on hand if school is cancelled for several weeks and the kids are at home.

  31. Tomi Engdahl says:

    Meanwhile At A Costco In Brooklyn, The Hoarding Begins

    The same long lines that we’ve seen in China, Japan, South Korea, and across the world as people panic buy food and health supplies have started in the US.

    On Saturday, the US Surgeon General urged people to “stop buying masks,” saying on Twitter that they’re not effective in preventing the general public from catching coronavirus.

    “The great panic of 2020 is underway” as Americans are now stocking up on supplies as a pandemic could be imminent.

  32. Tomi Engdahl says:

    Airborne Nitrogen Dioxide Plummets Over China

    NASA and European Space Agency (ESA) pollution monitoring satellites have detected significant decreases in nitrogen dioxide (NO2) over China. There is evidence that the change is at least partly related to the economic slowdown following the outbreak of coronavirus.

    According to NASA scientists, the reduction in NO2 pollution was first apparent near Wuhan, but eventually spread across the country. Millions of people have been quarantined in one of the largest such actions in human history. As of February 28, 2020, the virus had been detected in at least 56 countries.

  33. Tomi Engdahl says:

    Despite COVID-19 Coronavirus, Here Is Why You Should Stop Buying Face Masks

    The COVID-19 coronavirus (SARS-CoV2) outbreak has been good for face mask manufacturers and sellers.

    face mask sales have been surging around the world. Demand has been so high that many businesses have sold out of such items or are limiting the number that customers can buy. Yes, in this way, face masks have become like Baby Yoda toys, except less cute.

    The Centers for Disease Control and Prevention (CDC) has maintained that you should only wear a mask if you yourself are infected with the new coronavirus or if you are taking care of someone who may be infected. Otherwise, you are just depleting supplies for those people who may actually need such masks such as health care professionals.

    Most masks being sold are not like P2/N95 respirators and therefore offer no real protection. N95 means that it can filter out 95% of airborne particles

    Filtering out 95% is probably good enough to keep those teeny-weeny new coronaviruses away from your mouth and nose. A N95 respirator works only if you use it properly to form a tight seal with your face. Even if you do so, these masks aren’t foolproof

    Health professionals typically use N95 respirators for only fairly short durations, such as when they enter an infected patient’s room, because wearing the masks can make it more difficult to breathe. They also tend to replace their respirators with new ones frequently, since the masks can degrade over time

    It may be better to focus on more effective and cost-effective strategies such as washing your hands frequently and thoroughly. Also, try not to touch yourself so much, meaning your face

  34. Tomi Engdahl says:

    Flights to Italy, South Korea, Singapore, and China have all been canceled as the outbreak worsens.

    Updated: Here Are The Destinations Affected By Coronavirus Flight Cancellations And Travel Bans

    Topline: The rapid spread of new coronavirus cases in countries around the world prompted international airlines and governments to begin cancelling flights and instituting broader travel bans to the most affected areas in an attempt to curb the epidemic, while demand for flights has dropped.

  35. Tomi Engdahl says:

    Gilead Sciences drug remdesivir may help treat coronavirus symptoms, according to WHO


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