MNI: CORONAVIRUS UPDATE: - Once again, the rise in...>

MNI: CORONAVIRUS UPDATE:

- Once again, the rise in cases in China continues to moderate and the daily

rise could shortly be in double, not triple, figures. New cases Wednesday rose

by 131 to a total of 80,282.

- South Korea reported 435 further cases to total 5,621, while Italy are yet to

update yesterday's total of 2,502.

- With China appearing to have a better handle on the outbreak, China's cabinet

have called for areas outside of Hubei and Beijing to streamline their

procedures and return industry to work. Quarantine rules on migrant workers

outside of the two territories have also been relaxed. This has been backed up

anecdotally, with Philips today stating their factories in China are back up to

80% capacity.

- Further cancellations and business disruption are being reported globally,

with just this morning Germany's Hannover Industry Fair being delayed due to the

outbreak. Speculation that the Tokyo Olympics could be postponed was raised

further Wednesday, with Japan's government admitting it is possible today.