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Mobile World Congress, Barcelona Cancelled!

From Fortune newsletter: "They’re calling it the deadliest day yet. Coronavirus infections soared overnight, up 45%, to more than 60,000 cases worldwide. The repercussions can be felt far from Wuhan. Yesterday, organizers of the annual telecoms trade show Mobile World Congress, an event that brings tens of thousands to sparkling Barcelona each February, pulled the plug after a string of big-name cancelations."

Here is the risk, again Fortune: 'China accounts for 16% of global economic output. As Bain & Co. points out, its economy is seven times larger than it was in 2002-03 during the SARS outbreak. “The cost of novel coronavirus pneumonia will surpass all previous outbreaks,” Bain projects, before adding: “Prepare now.”'