The best regulated crypto exchange
Find out why?
50 BTC prize pool!
Get your share!
I'm in

Facebook and other major companies restrict business trips to China

By Yana Berman

As the coronavirus keeps spreading across the country, business trips and flights to China are suspended

AP Photo/Ahn Young-joon AP Photo/Ahn Young-joon

and other major companies, including electronics manufacturer LG and financial services provider , have restricted their business trips to China as death toll from pneumonia-like coronavirus rose above 100, according to Reuters.

Facebook was the first American company to announce the restriction after the US government warned citizens to refrain from visiting China. The social media giant asked its employees to cancel all non-essential trips to mainland China. Employees who are already there have been asked to work from home.

Meanwhile, South Korean electronics giant LG put a complete ban on all trips to China. All workers who are currently staying there were told to travel home immediately.

Standard Chartered has banned trips to both mainland China and Hong Kong.

In Japan, Honda Motors also issued a recommendation for its workers to avoid traveling to the country. Nissan Motors, in its turn, is planning to evacuate its workers and their families from the most affected region, Wuhan.

Major airlines have also reacted to the transmission of the virus. , South Korean carrier Air Seoul has cancelled all flights to China, and German Lufthansa has reduced its flight bookings due to coronavirus.

Local airline Cathay Pacific Airways has reduced the number of overnight stays for its crew in mainland China in order to avoid the risk of infection, which has led to some changes in its flight schedules.

As of Tuesday, January 28, over 100 people have died from coronavirus in China. The total number of infections has exceeded 4,500. Some cases have been registered in the US, Australia, Thailand, and other countries.

FURTHER READING: What is the coronavirus and how could it affect stock markets?

FURTHER READING:Coronavirus fears weigh on oil and travel stocks

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a Currency.com contributor.
Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image