China accuses US of spreading fear, Saudis reportedly weigh oil cuts

China accuses US of spreading fear, Saudis reportedly weigh oil cuts

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All times below are in Eastern time.

10:45 am: Top WHO official warns world may be ‘dangerously unprepared’ for next pandemic

WHO Director-General Tedros Adhanom Ghebreyesus said the world may be “dangerously” unprepared for the next pandemic. At a World Health Organization executive board meeting in Geneva, Tedros urged the 196 member countries to “invest in preparedness,” not “panic.” He said funding for outbreak preparedness in surrounding countries “has remained grossly inadequate” in the past.

10:30 am: Apple stock knocked off all-time high on fears coronavirus could hurt iPhone sales

10 am: UAE suspends flights to China, except Beijing

8 am: China says it has ‘unblocked’ channels of communication with Taiwan over coronavirus

China told the WHO that channels of communication with Taiwan had been”unblocked,” with Beijing sharing full information on the coronavirus with authorities across the strait. Taiwan, which is not a WHO member due to China’s objections, has 10 confirmed cases of the coronavirus. China considers self-governing Taiwan a wayward province to be brought under its control.

7:02 am: Saudi Arabia is weighing large oil cuts due to coronavirus

Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, The Wall Street Journal reported, citing OPEC officials. The Organization of the Petroleum Exporting Countries and its allies are expected to meet Tuesday and Wednesday to discuss the possible actions, according to the Journal.

4:03 am: China accuses the US of spreading fear and panic

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