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Chinese Covid-19 statistics intentionally incomplete, US intelligence says

Thu, 02nd Apr 2020 00:18

(Sharecast News) - US intelligence has concluded that China did not reveal the true extent of the Covid-19 coronavirus pandemic in the country on purpose.

That was the main thrust of a secret US intelligence assessment prepared for the White House, although the full contents were not revealed, Bloomberg reported citing three officials.

Two officials said the conclusion reached was that the Chinese data was fake.

At last count, Beijing had publicly reported approximately 82,000 cases and 3,300 deaths related to the outbreak, against 189,000 cases and over 4,000 fatalities thus far in the US.

Other countries' reporting, including that of Iran, Indonesia, North Korea and Russia was also suspect.

Pyongyang had thus far reported zero cases.

In remarks to CNN, US vice-president, Michael Pence, said: "The reality is that we could have been better off if China had been more forthcoming.

"What appears evident now is that long before the world learned in December that China was dealing with this, and maybe as much as a month earlier than that, that the outbreak was real in China."

The day before, US Secretary of State, Michael Pompeo, called on China and others to be "transparent".

Developing medical therapies and designing public health measures to fight Covid-19 "so that we can save lives depends on the ability to have confidence and information about what has actually transpired."

"I would urge every nation: Do your best to collect the data. Do your best to share that information," he said. "We're doing that."
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20 Apr 2020 12:48

Europe midday: Stocks move lower as WTI oil futures crater

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16 Apr 2020 09:03

Shell steps up net-zero emissions actions

(Sharecast News) - Royal Dutch Shell said it was stepping up its activities to become carbon neutral to respond to heightened concerns about oil companies' impact on the climate.

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14 Apr 2020 13:57

US import prices drop as energy price crash like in 2008

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12 Apr 2020 21:27

OPEC+ clinches output deal, Russia and Saudi end price war

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9 Apr 2020 16:57

Saudi and Russian Federation agree on oil output cuts, Journal says

(Sharecast News) - Moscow and Riyadh have reached an agreement in principle to cut their crude oil output.

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5 Apr 2020 21:20

Norway may join OPEC+ in cutting output, Canada will dial into summit

(Sharecast News) - Norway may cut its oil production alongside other major producers if an agreement for a significant combined reduction can be reached.

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3 Apr 2020 14:08

Brent futures jump again after report Russian firms ready to cut

(Sharecast News) - Crude oil futures extended the previous day's rally following reports that Russian oil producers were prepared to reduce their own output to help stem the rout in prices.

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2 Apr 2020 16:12

Brent oil spikes higher after Trump says Russia and Saudi will cut output

(Sharecast News) - Traders in Brent crude oil endured a roller coaster-like session after the US President said Russia and Saudi had agreed to restrain their combined output, but Russian officials quickly appeared to call that into doubt, at least in part.

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2 Apr 2020 15:52

FTSE 100 movers: Shell and BP pace gains as Brent surges 24%

(Sharecast News) - US President Donald Trump triggered a sharp rally in crude oil futures on Thursday after doubling-down on his optimism regarding a detente between Russia and Saudi in their oil price war.

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2 Apr 2020 13:29

Europe midday: Stocks buoyed by rally in crude oil futures

(Sharecast News) - Stocks on the Continent are keeping their heads above water following the previous day's thrashing, helped by a rebound in oil futures, even as investors kept a close eye on the economic fallout of the Covid-19 pandemic.

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2 Apr 2020 13:03

Thursday broker round-up

(Sharecast News) - Unilever: Barclays upgrades to equal weight with a target price of 4,420p.

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