UK foreign secretary to lead country; China reports no deaths from Covid-19; Japan expected to declare a state of emergency
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The London stock market rallied 3% in opening deals on Tuesday, despite news that British Prime Minister Boris Johnson was battling the coronavirus in an intensive care unit.
Johnson, who spent the night in intensive care with a deteriorating case of coronavirus, has been given oxygen but is not on a ventilator, senior cabinet minister Michael Gove said.
Samsung Electronics expects higher first-quarter profits, it said, as millions of people working from home in coronavirus lockdowns turn to cloud data services, pushing up demand for its chips.
The pandemic is wreaking havoc across the global economy –Samsung itself had operations suspended at 11 overseas assembly lines – and is widely expected to cause a recession.