China announces that travel will be suspended to the country as imported cases increase.
The European Union, Australia, India, Malaysia, Singapore, and Turkey ground all Boeing 737 MAX 8 jets. This means 40% of the global fleet is now grounded, with Indonesia, China and several airlines grounding their aircraft yesterday. Boeing states they will issue a software update for the model within weeks.
American electronics maker Apple warns that iPhone sales are slowing significantly and the product is in weak demand, blaming trade tensions with China. The company says that it has lowered its expected fiscal earnings for the first quarter as a result, citing disappointing holiday sales figures, and that it could lose $9 billion due to the decline.
China surpassed the United States last year as the country with the most clean energy investment. China's clean energy investments were $34.6 billion, compared with U.S.A.'s $18.6 billion last year. The US still leads the world in installed renewable energy, with 52.2 gigawatts of wind energy, small hydroelectric, biomass and waste generating capacity, per a report by the nonprofit Pew Charitable Trusts, but has dropped below ten other countries, including Canada and Mexico in investments as a share of the national economy.